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Annette [7]
3 years ago
15

Stor Manufacturing stores hazardous and volatile chemicals in its warehouse. The warehouse has state-of-the-art equipment to mak

e sure the chemicals do not explode. An unexpected earthquake shakes the warehouse, causing the chemicals to explode and injure William, a passerby on a nearby sidewalk. Astor Manufacturing is_________.
Business
2 answers:
Dima020 [189]3 years ago
7 0

Answer:

liable for Williams injuries

Explanation:

Hello! Astor, being a possessor of dangerous products for the organism, has to take precautions so that in unexpected cases such as a meteorological incident his merchandise does not harm anyone. In this case, he is totally responsible for William's injuries for not preventing before.

Thanks for your question!

Snezhnost [94]3 years ago
6 0

Answer:

The correct answer is letter "C": strictly liable for William’s injuries.

Explanation:

In Law, strict liability refers to the responsibility individuals incur by engaging in activities that could be potentially harmful moreover when those individuals' activities caused damage to others or property even if unintentionally. Strict liability also applies in animal bites (depending on the state) and manufacturing defects.

Thus, <em>even in Stor Manufacturing had the equipment necessary to protect the chemicals stored in its warehouse, the company is strictly liable for the damages caused to William because of the explosion during the earthquake.</em>

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At January 1, 2017, Benny Enterprises reported a balance in the Equipment account of $45,000. During the year the company purcha
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Answer:

$4,000

Explanation:

The operating activities records daily activities of a business entity transactions such as depreciation expense, loss or profit on sale of long term assets, change in working capital etc.

With regards to the above scenario, there is a loss of $4,000 on the sale of equipment whilst same was recorded under the operating activity section as positive.

It is to be noted that the sale and equipment of an equipment falls under investing activity section hence shod be recorded therein as such, reason it was not considered here.

6 0
3 years ago
Wilturner Company incurs $88,000 of labor related directly to the product in the Assembly Department, $37,000 of labor related t
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Answer:

Explanation:

The journal entry that would include is shown below:

Work in Progress inventory A/c Dr           $125,000

Factory overhead A/c   Dr                         $24,000

(Being labor cost is recorded)

The computation is shown below:

Work in progress = Labor expenses + whole labor expenses

                             =$88,000 + $37,000

                             = $125,000

The labor expenses are directly related to the product which means it is a direct cost

And, the whole labor expense is considered to be the overhead cost as it is not directly related to the product

And, the $24,000 is also considered as an overhead cost because it is used in both the departments so it is come under the factory overhead account

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What role does utility play in the economic model of consumer​ behavior? When modeling consumer​ behavior, utility A. reflects t
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Answer:

A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services

Explanation:

When modeling consumer​ behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services

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If your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is a. 8 percent. b. 12.5 percent. c. 2
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If your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is: b. 12.5 percent.

Using this formula

Marginal tax rat=Tax payable/Taxable income×100

Where:

Tax payable=$5,000

Taxable income=$40,000

Let plug in the formula

Marginal tax rate=$5,000/$40,000×100

Marginal tax rate=12.5%

Inconclusion if your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is: b. 12.5 percent.

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