<u>National Computers, Inc., was incorporated in Nebraska, has its main office in Kansas, and does business in Missouri. National is subject to the jurisdiction of </u>( a)Nebraska, Kansas, and Missouri
Explanation:
<u>There are certain Jurisdiction Based on Real Property Ownership which are limited and are termed as "in rem" jurisdiction</u>
A state( Kansas ,Missouri) has limited jurisdiction (which lawyers term as "in rem" jurisdiction) over a non-resident person or business that owns real property in the state. The Jurisdiction is limited in two ways:
- Jurisdiction is applicable only to the fair market value of the real property. This means that if you sue a non-citizen who owns an business worth $800,000, then in this case ,your judgment can be worth is $800,000.
- Also if , the claim is related to the property. For example, if you met an accident on the property of a non-resident owner of an business house, you could get jurisdiction over the owner. But you could probably not get jurisdiction over the non-resident owner if the lawsuit grows out of an entirely separate problem that has nothing to do with the apartment house.
Answer: $3000
Explanation: Allowance for doubtful accounts is the contra account to accounts receiveable when all the bad debts need to be accounted for. The bad debts reduces the accounts receivable line but all bad debts are actually deducted from the allowance for doubtful accounts.
The allowance for doubtful accounts for that year is calculated as 5% of the accounts receivable balance. This amounts to $8000 (160000 x 5%) before bad debts have been accounted for. Allowance for doubtful accounts moves in the opposite direction as accounts receivable because it is a contra account to this line item. At the end of the year before year end closing entries are done, and after the bad debts have been accounted for, the balance on the allowance for doubtful accounts is $5000.
This means that bad debts for that year is:
8000 (balance before bad debts have been accounted for)
- 5000 (balance after bad debts have been accounted for)
= $3000.
Answer:
C) Quantity demanded will decrease, quantity supplied will increase, and a surplus will result
Explanation:
Price floor is the least amount a good or service can be sold. A price floor is usually set above equilibrium price.
When a price floor is enacted, it usually discourages demand because prices are usually set higher and encourages supply.
As a result, quantity demanded will decrease, quantity supplied will increase, and a surplus will result.
I hope my answer helps you.
Answer: Conflict theorist
Explanation: Conflict theory as pustulated by Marl, States that society is in a state of perpetual conflict caused by competition for limited resources available. It holds that social order in a society is maintain by dominance and power rather than conformity and consensus.
Conflict theorist views society as an arena of inequalities that create social conflict and social change. They are people that believed and hold conflict theory as a view.