<u>Answer:</u> Option 2
<u>Explanation:</u>
Pioneer of breakthrough products are advanced products in the market. These products help in fulfilling the consumer needs in the market when compared to the current available products. When the breakthrough products meet consumer needs which makes their work and life easier then the consumer preferences change to these pioneer products.
The consumer preferences bring a change in the consumer products market. When modern and latest resources are available in the market with advantages such as ease of use the consumers prefer pioneer products.
Answer:
$6,237
Explanation:
The computation of the cash required for the payment is shown below:
= Merchandise amount - return and allowances - discount
= $7,500 - $1,200 - $63
= $6,237
The discount = (Merchandise amount - return and allowances) × discount rate
= ($7,500 - $1,200) × 1%
= $63
Simply we consider the items i.e merchandise purchase amount, returned merchandise amount and the discount given amount
Credit side of a the balance of revenue account is transferred
Answer:
Credit Treasury Stock $20,000
Explanation:
When the company reissued the shares, the Treasury Stock account is credited by the same price they were acquire. i.e. in this case we acquire the treasury stock at a price of $20.
Cash (1,000 * 12) 12,000
Additional Paid in Capital 8,000
Treasury Stock (1,000 * 20) 20,000
Answer:
C. strictly liable for Will's injuries
Explanation:
In law, Strict liability is a situation when defendant is required to be responsible to a certain situation, but can't be considered as guilty to any violation.
There are two points that need to be highlighted from the case above:
1. Astor Manufacturing process has fulfilled all of its safety regulation for storing the dangerous product.
2. The dangerous product owned by Astor Manufacturing caused William's injury.
The regulations for hazard management is created by the government, and the leak is not caused by their negligence. It's caused by unexpected natural disaster. This is why we can't say that Astor is guilty to any violation.
But still, the chemical that they created injured William. The court will most likely force Astor to be responsible for all the medical expenses incurred by william.
