Answer: The correct answer is D. An announcement by the FDA that oranges prevent heart disease
Explanation: There are a number of factors (determinants) which directly affects the level of demand for any given commodity. That is, such factors can make demand to change completely, either positively or negatively. One of such factors is the consumers’ preference or taste.
If the consumers begin to develop a preference for a particular commodity for any reason, then the demand for that commodity will go up. Like stated in the question, if there is an announcement by the government agency that oranges prevent heart disease, consumers would be more interested in eating oranges more than before. Even individuals and households that previously didn’t particularly like oranges would now be looking for them in grocery stores. The reason for this is quite simple; heart disease is a major health concern worldwide and many have died from this condition due to poor medical care. So, identifying oranges as a preventive measure would be a most welcome idea in view of the fact that it costs very little to buy oranges as a preventive measure against a killer disease and that is sure to induce consumers to develop a preference for oranges.
Answer:
Account name statement(1) type of account(2)
Accounts payable BS CL
Accounts receivable BS CA
Accruals IS and BS income and SE
Accumulated amortization BS FA
administrative expenses IS E
Buildings BS FA
Cash BS CA
Common shares BS SE
Cost of goods sold IS E
Amortization BS E
Equipment BS F ASSET
General expenses IS E
Intrest expenses IS E
Account name Statement(1) type of account(2)
Inventories BS CA
Land BS FA
long term debts BS CL
Machinery BS FA
marketable securities BS CA
Line of credit BS LTD
operating expense IS E
Preferred shares BS SE
preferred share dividends BS SE
retained earnings BS R
Sales revenue IS R
Selling expense IS E
Taxes IS E
Vehicle BS FA
Answer:
A) All of the contacts described provide sufficient contacts for in personam jurisdiction.
- c. The Michigan defendant got into an automobile accident in Ohio.
- d. The Michigan defendant signed a contract in Ohio with an Ohio business.
- e. The Michigan defendant sold products in the state of Ohio that injured the purchasers.
Explanation:
In legal terms, in personam (Latin for "directed toward a particular person") means that a court can serve a defendant wherever he/she is.
In this case, a Michigan citizen can be judged in an Ohio court if he/she committed any of the cited actions:
- participated in a car accident in Ohio
- signed a contract in Ohio
- sold products in Ohio
In other words, if you live in any state but are involved in certain events or business transactions in another state, you can be judged by a court of the other state.