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Otrada [13]
3 years ago
8

Generally, State A may exercise "long arm" jurisdiction over a defendant located in State B if the defendant:________. a. once r

esided in State A. b. uses a product produced in State A. c. made a contract in State A. d. has relatives in State A.
Business
1 answer:
Degger [83]3 years ago
7 0

Answer:

c. made a contract in State

Explanation:

Jurisdiction is the ability of a court to sue a person and ask him to come to court. Of a court does not have a jurisdiction on a person they will not be able to issue a judgement on that person.

Long arm jurisdiction is one that enables a court prosecute a person that does not reside in the state.

However the person must have sufficient minimum contact in the state to enable the state prosecute him.

For example if a person makes a contract in a state and violates that contract, the state can prosecute him even if he lives in another state.

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7 0
3 years ago
A handful of companies on the Fortune 500 list are more than 100 years old, which is rare. What organizational characteristics d
ohaa [14]

Answer:

Following are the organizational characteristics that explain the 100-year longevity of a company:

Explanation:

Selling Necessity Goods

Many of companies provide such goods and services which are essential for our everyday activities. Hence, people tend to buy from these companies as it is their routine to do so.

Laser-Sharp Customer Focus

These companies have always focused on the ever changing needs and demands of the customers and have worked accordingly.  Hence their focus on customer service is the key to their success.

Willingness to Chart New Territory

Since customer needs are always evolving, all organizations celebrating centennials have taken significant gambles in order to expand their offerings.  Steelcase, for instance, began as a furniture company but has recognized that the way people work has changed.  

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These organizations have achieved so much because they have adapted their strategies to a changing world, and because they are always looking for ways to improve people’s lives.  It is these traits that position them well no matter what the future holds.

8 0
3 years ago
ABC had a net income of $8,000, $5,000, $12,000, and $10,000 over the first four years of the company's existence. If the averag
Nezavi [6.7K]

Answer:

B) $23,000.

Explanation:

ABC's accumulated net income (or retained earnings) over the past four years = $8,000 + $5,000 + $12,000 + $10,000 = $35,000

ABC's accumulated dividends paid over the past four years = $3,000 x 4 = $12,000

Since dividends are paid using money that proceeds from retained earnings, the balance of the retained earnings account = accumulated retained earnings - accumulated dividends = $35,000 - $12,000 = $23,000

4 0
3 years ago
Sunland Company has outstanding 500000 shares of $2 par common stock and 150000 shares of no-par 7% preferred stock with a state
olga nikolaevna [1]

Answer:

Total dividend paid = $340,000

Preferred dividend = 7% x $4 x 150,000 x 3 years = $126,000

Dividend paid to common stock holders

= $340,000 - $126,000

= $214,000

The correct answer is C

Explanation:

There is need to calculate the preferred dividend for 3 years, which is a function of dividend rate, current market price, number of preferred stocks outstanding  and number of years. The current market price of the preferred stock is used for the computation because the preferred stock has no par value. Then, the amount of dividend paid to common stock holders is the difference between the total dividend paid and preferred dividend.

5 0
3 years ago
John has just paid off the full balance of his credit card. What happens to the
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