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Amiraneli [1.4K]
3 years ago
9

The E Company has sold five million toasters. There have never been any safety problems with the toasters. One toaster, for no a

pparent reason, electrocutes the son of a woman who bought the toaster In a suit against the E Company for the death, the company is likely to be held:______.
a. not liable because one in five million toasters is evidence of high quality, not a safety problem
b. not liable because the toaster was purchased by the woman, not her son, so there is no right to sue
c. not liable because of assumption of the risk, a reasonable person knows that using an electrical appliance could result in injury
d. liable in strict liability based on a manufacturing defect theory e. liable in strict liability based on a design defect theory
Business
1 answer:
Roman55 [17]3 years ago
7 0

Answer: D. liable in strict liability based on a manufacturing defect theory.

Explanation: The company can be held liable based on manufacturing defect theory, if it is proved that it was because of a manufacturing defect on that particular toaster that lead to the dead of the boy.

Since the woman's son was electrocuted by the toaster for no apparent reason the company will be held liable for the dead of the boy.

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The price elasticity of demand for beef is about 0.60. Other things equal, this means that a 20 percent increase in the price of
givi [52]

Answer:

Quantity of beef demanded will decrease by 12%

Explanation:

Data provided in the question:

Price elasticity of demand for beef, Ed = 0.60

Increase in the price of beef = 20%

Now,

Price elasticity of demand for beef,

Ed = [ Percentage change in Quantity ] ÷ [ Percentage change in price  ]

or

0.60 = [ Percentage change in Quantity ] ÷ 20%

or

Percentage change in Quantity = 0.60 × 20%

or

Percentage change in Quantity = 12%

Also,

Price and Quantity are inversely proportional

Hence,

With the increase in price, the quantity will decrease

Therefore,

Quantity of beef demanded will decrease by 12%

3 0
3 years ago
The cost object of the plantwide overhead rate method is:
Tema [17]

Answer:

The correct answer is letter "A": The unit of product.

Explanation:

A plantwide overhead rate is a single overhead rate given typically in smaller firms to allocate manufacturing overhead costs to products or cost objects. The rate is implemented when services provided by the different units of the company are undifferentiated. Then, <em>the cost object used in the plantwide overhead rate is the unit of product.</em>

8 0
4 years ago
Lexi Company forecasts unit sales of 1,640,000 in April, 1,250,000 in May, 810,000 in June, and 1,650,000 in July. Beginning inv
mario62 [17]

Answer:

Explanation:

From the information given in the question:

The main objective is to Prepare a merchandise purchases budget for the months of April, May, and June

                        Merchandise Purchases Budget

                                                 April                  May                 June

Next months' budgeted        1250000            810000          1650000

Sales

Ratio of inventory                  30%                     30%               30%

Desired ending inventory     375000              243000         495000

Sales unit                               1640000             1250000       810000

Required units of

available inventory                2015000             1493000       1305000

Less:Beginning Inventory     -250000             - 375000      - 243000

Units to be purchased           1765000              1118000       1062000

N:B

Desired ending inventory = Next months' budgeted sales × Ratio of inventory  

Required units of available inventory = Desired ending inventory + Sales unit

6 0
4 years ago
When the Federal Reserve lends money to banks and other financial institutions because no one else will, it is: Please choose th
inessss [21]

The Federal reserve is acting as a lender of last resort when its lends money to banks and other financial institutions because no one else will/

<h3>What is the Federal Reserve?</h3>

It is the United states central banking system that is responsible for the nation's monetary policy and regulation of the supply of money and interest rates.

One of the role of Federal reserve is to act as a lender of last resort when its lends money to banks and other financial institutions because no one else will.

Therefore, the Option A is correct.

Read more about Federal Reserve

<em>brainly.com/question/25843620</em>

#SPJ12

7 0
2 years ago
On March 14, Teal Co. accepted a 120dau, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note,
valkas [14]

Answer:

The journal entry that Teal would make to record payment of this note would include a credit to: c) Interest revenue for $200

Explanation:

On March 14, Teal Co. accepted a 120 days, 6% note in the amount of $10,000 from AZC Co.

The entry:

Debit Note receivable $10,000

Credit Accounts receivable $10,000

Assuming that a year of calculating interest has 360 days. On the due date of the note, AZC honors the note and pays in full, include the interest of 120 days:

$10,000 x 6% x 120/360 = $200

The entry that Teal would make:

Debit Cash $10,200

Credit Note receivable $10,000

Credit Interest revenue $200

8 0
3 years ago
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