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Alex777 [14]
2 years ago
10

Ralph purchases a porch swing and is assured by the salesperson that it can safely support an adult and hold up to 200 pounds. T

he salesperson knows that there have been issues with this model of porch swing not reliably supporting the weight of adults in the past. A visitor to​ Ralph's home,​ Jessica, who weighs less than 200​ pounds, is injured when the porch swing fails. She sues the store that sold the porch swing under a theory of misrepresentation. Jessica will​ ___________.A.prevail in her suit because the salesperson engaged in fraudB.prevail in her suit because the store is strictly liableC.prevail in her suit as the product was clearly misrepresentedD.not prevail in her product liability suit under a theory of misrepresentationE.prevail in her suit because the salesperson was negligent
Business
2 answers:
melisa1 [442]2 years ago
7 0

Answer:

D) not prevail in her product liability suit under a theory of misrepresentation

Explanation:

Jessica's claim can be based on negligence or breach of warranty, but not misrepresentation.

In product liability lawsuits, misrepresentation theory is used when false advertising occurs, but n this case that didn't happen.

Her claim should be based on negligence because the manufacturer knew that the swing was defective and didn't do anything to correct it. Or it can be based on breach of warranty because the salesperson expressly warrantied that the swing would resist and adult.

umka21 [38]2 years ago
4 0

Answer:

The best answer is "D"

Explanation:

Jessica will not prevail in her product liability suit under a theory of misrepresentation.

The key to recovery on the basis of misrepresentation is the plaintiff's ability to prove that he relied upon the representations that were made and for Jessica she is a little more the 200 pound mark.

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Choco Chocolata is a cookie company in Juarez, Mexico that produces and sells American-style chocolate chip cookies with extreme
lyudmila [28]

Answer:

(1) The total amount of product costs is $79,430.

(2) The total amount of period costs is $37,300.

Explanation:

Note: There are two requirements in this question as follows:

(1) What is the total amount of product costs?

(2) What is the total amount of period costs?

These two are answered as follows:

(1) What is the total amount of product costs?

Product cost can be described as the expenses that are incurred in order to produce a product. These types of expenses are charged to cost of goods sold and include direct materials, direct labor, factory overhead, and consumable production supplies.

Therefore, the total amount of product costs of Choco Chocolata can be calculated as follows:

Choco Chocolata

Computation of Total Product Costs

<u>Details                                                                     Amount ($)   </u>

Utilities for the bakery                                                  2,100

Paper used in packaging product                                  180

Salaries and wages in the bakery                            23,500

Cookie ingredients                                                    43,500

Bakery labor fringe benefits                                        1,300

Bakery equipment maintenance                                   800

Depreciation of bakery plant and equipment           2,200

Uniforms for bakers                                                        750

Insurance for the bakery                                                900

Boxes, bags, and cups used in the bakery                 1,100

Overtime premiums                                                     2,600

Idle Time                                                                  <u>        500  </u>

Total                                                                          <u>   79,430   </u>

Therefore, the total amount of product costs is $79,430.

(2) What is the total amount of period costs?

Period costs are costs that are related to passage of time but cannot not be charged to the cost of goods sold.

Therefore, the total amount of period costs of Choco Chocolata can be calculated as follows:

Choco Chocolata

Computation of Total Period Costs

<u>Details                                               Amount ($)   </u>

Administrative costs                             2,300

Rent for administration offices            18,500

Advertising                                            3,500

Office Manager's salary                    <u>  13,000  </u>

Total                                                    <u>  37,300   </u>

Therefore, the total amount of period costs is $37,300.

8 0
2 years ago
The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a deductible of $1,000 pe
cricket20 [7]
30 because I don’t know what if I got it back in there at least you know
7 0
2 years ago
Howorth Dental Products is a London-based producer of a patented anti-microbial dental floss. All raw material is introduced at
11Alexandr11 [23.1K]

Answer:

Choice A is the correct answer

Explanation:

Howorth Dental Products

Cost of Production Report

Equivalent Units             Materials           Conversion Costs

Finished Goods             383000             383000

Ending WIP                    19000                6650 ( 19000* 35%)

Total Equivalent Units   402,000           389650        

Costs                                  Material           D.LAbor            FOH

Preceding Department    46,100            25,000             25000

Added                                85,800          98,300               98,700

Total Costs                       131,900            123,300            123,700

Material Costs Per Equivalent Unit = 131,900/ 402,000= 0.328

Direct LAbor Costs Per Equivalent Unit = 123,300/ 389,650=0.316

FOH Costs Per Equivalent Unit = 123,700/ 389,650=0.317

Total Cost per Equivalent unit = 0.328 + 0.316+0.317= 0.961≅ 0.962 (rounding would give a difference)

Costs Transferred to Finished Goods = 0.962* 383,000= $368,446

Costs OF Ending work in Process = 0.328 * 19,000 + 0.316* 6650 + 0.317 * 6650

Costs of Ending WIP= 6232 +2108.5+ 2101.4= 10,441.9

Total Cost Allocation= 368,446 + 10,441.9=  378,887.9

Equivalent units of direct material            402,000

Equivalent units of direct labor               389,650

Equivalent units of overhead              389,650

Costs per equivalent unit                  $0.962

Transferred to Finished Goods           $368,446

Total Ending Work in Process           $10,449

Total Cost Allocation       $378,895

There's a  minute difference in the WIP ending Inventory Costs  ( 10449 - 10441.9 = 7.1)and Total Costs ($378,895-378,887.9= 7.1) which is only due to rounding off. If you round off you will get the exact figures as given in the option.

6 0
3 years ago
What is not a potential risk of purchasing a used car?a) used cars can require repairs soonerb) warranties can be very limitedc)
Oksi-84 [34.3K]

used cars can require repairs sooner warranties can be very limited used cars can have lower initial cost unexpected issues may arise

hope this helps <3

4 0
3 years ago
Describe the effect of each transaction on assets, liabilities, and stockholders' equity.
Aliun [14]

Answer:

<u><em>Issued Common Stock to Investors in exchange for Cash received from investors</em></u>

Stockholders Equity = Increase

Assets = Increase

Liabilities = No Effect

<u><em>Paid Monthly Rent</em></u>

Assets = Decrease

Stockholders equity = Decrease

Liabilities = No Effect

<u><em>Received cash from customers when service is performed</em></u>

<em>Assets = Increase</em>

Stockholders Equity = Increase

Liabilities = No Effect

<u><em>Billed Customers when service is performed</em></u>

<em>Assets = Increase</em>

Liabilities = No Effect

Stockholders Equity = Increase

<em />

Explanation:

<u><em>Issued Common Stock to Investors in exchange for Cash received from investors</em></u>

Stockholders Equity increase due to increase in issue of additional common stock.

Assets increase due to inflow of asset of Cash resulting from the issue.

<u><em>Paid Monthly Rent</em></u>

Stockholders equity decrease due to increase in an expense item (Rent) which decreases profits attributable to stockholders.

Assets decrease due to outflow of economic benefits in form of cash.

<u><em>Received cash from customers when service is performed</em></u>

Shareholders Equity increase increase due to inflow of economic benefits in form of revenue, which would consequently increase profit attributable to shareholders.

Assets are increasing due to inflow of economic benefits in form of cash.

<u><em>Billed Customers when service is performed</em></u>

Assets are increasing due to increase of future economic benefit in form of Accounts Receivable.

Shareholders Equity increase increase due to inflow of economic benefits in form of revenue, which would consequently increase profit attributable to shareholders.

8 0
2 years ago
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