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Flauer [41]
3 years ago
7

McLaughlin borrowed her roommate's car just to take her mother to the hospital. While delivering her mother at the hospital, McL

aughlin met an old friend who needed a ride to a neighboring city. While carefully driving slightly below the speed limit on the interstate, McLaughlin was hit head-on by a car driven by a drunk driver going the wrong way. Miraculously, McLaughlin and her passenger survived, but the car was totaled. Explain whether McLaughlin has any liability for the damage to her roommate's car.
Business
1 answer:
PolarNik [594]3 years ago
4 0

Answer:

Ideally, the drunk driver who hit them while he was driving on the wrong lane is liable for the damages and not McLaughlin since he was sober and civil.

Explanation:

Liability for damages resulting from car accident usually falls on a negligent driver an din this case, McLaughlin is not the negligent one.

However, the situation is tricky here since he is not the owner of the car.

The majority of car accidents are caused by driver negligence, poor road conditions, or a problem or defect with one of the automobiles involved.

If his friend has a car insurance, that will cover for the damages as well.

And if the drunk driver finds a way to escape with a strong case, and in the absence of a car insurance, McLaughlin might be obligated to pay for the damages since the car was borrowed.

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The advantages of wireless networks include( select all that apply)
BigorU [14]

Answer:

increased flexibility

increased transmission distance

4 0
3 years ago
Lucia is using cost-volume-profit analysis to predict profits for a new product line. Which of the following reflect how Lucia’s
tino4ka555 [31]

Lucia’s analysis is subject to assumptions because(c) The analysis lacks validity if the total fixed costs required for the calculated break-even point generates too low of capacity.

Explanation:

Cost-volume-profit analysis is used to make short-term decisions.

Cost-volume-profit (CVP) analysis is used to study the changes in cost and volume and how its impact on the company's operating income and net income.

While  performing <u>Cost-volume-profit (CVP) analysis</u>  several assumptions are made like assuming the  Sales price per unit to be  constant. Variable costs per unit  to be constant.

The five basic component of CVP analysis includes

  • volume or level of activity
  • unit selling price
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5 0
3 years ago
On March 29, customers who owe $13,981 on account to Sonic Sales Company submit payments of $7,687. Required: Journalize this ev
Elanso [62]

Answer:

Debit Cash accounts $7,687

Credit accounts receivables  $7,687

Being entries to record cash receipt from customer.

Explanation:

When customers purchase on account, the entries required are credit sales and debit accounts receivables.

When cash is paid, Debit cash account and credit accounts receivables with the amount paid. This has a net effect on account receivables and so the balance in the account is reduced.

8 0
3 years ago
On October 1, 2020 Waterway Industries issued 6%, 10-year bonds with a face value of $8150000 at 104. Interest is paid on Octobe
Nastasia [14]

Answer:

the bond interest expense is $114,100

Explanation:

The computation of the bond interest expense is shown below:

Cash interest payable for 3 months 122,250 ($8,150,000 × 6% × 3 ÷ 12)

Less; AMortized premium for 3 months $8,150 ($8,150,000 × 4% ÷ 10 × 3 ÷ 12)

BOnd interest expense $114,100

Hence, the bond interest expense is $114,100

3 0
3 years ago
Consider a $1000 bond that pays an annual interest rate of 8% and matures in two years. The prevailing interest rate has dropped
Anika [276]

Answer:

Current bond price = 80 / (1+0.04)^1 + 1080 / (1+0.04)^2

Explanation:

The Coupon payment = 0.08 * 1000 = 80

The Payment at EOY 1 = 80

The Payment at EOY 2 = 80 + 1000 = 1080

market interest rate = 4%

Current bond price = 80 / (1+0.04)^1 + 1080 / (1+0.04)^2

7 0
3 years ago
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