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Alex777 [14]
3 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]3 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]3 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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Kimberly has been helping Jonah in preparing his personal income tax forms for a couple of years. Jonah's boss recommended Kimbe
Diano4ka-milaya [45]

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  • Based on the description given which involves the various tasks undertaken by Kimberly while working for Jonah, such as preparation of tax income forms and various financial documents.

  • Here, Jonah is Kimberly's client and she will be classified as a public accountant.

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5 0
2 years ago
The discount rate is a. the rate at which the Fed lends to banks. b. the rate at which public banks lend to other public banks.
kotegsom [21]

Answer:

a. the rate at which the Fed lends to banks

Explanation:

The discount rate is the interest rate that are applied for measuring the present value of future cash flows

It is the rate where the federal reserve would lends to the financial insituation or bank

So as per the given options, the option a is correct

And, the other options should be considerd as wrong or incorrect

4 0
3 years ago
5. Refer to the original data. By automating, the company could reduce variable expenses by $3 per unit. However, fixed expenses
gogolik [260]

Question Completion:

Due to erratic sales of its sole product - a high capacity battery for laptop computers - PEM, Inc., has been experiencing difficulties for some time.  The contribution format income statement for the most recent month is given as follows:

Sales (19,500 units at $30 per unit) $585,000

Variable expenses                              409,500

Contribution margin                             175,500

Fixed expenses                                    180,000

Net operating margin                           ($4,500)

Answer:

PEM, Inc.

a1) New CM ratio = 40%

a2) Break-even point in unit sales and dollars sales

i) Break-even point in unit sales = Fixed Expenses/Contribution per unit

= $237,000/$12

= 19,750 units

ii) Break-even point in dollars sales = Fixed Expenses/Contribution margin ratio

= $237,000/0.4

= $592,500

b. Contribution format income statements, based on sales of 20,800 units:

                                                             Without                With

                                                         Automation         Automation

Sales (20,800 units at $30 per unit) $624,000    $624,000 (20,800 * $30)

Variable expenses (20,800 at $21)     436,800       374,400 (20,800 * $18)

Contribution margin (20,800 * $9)      187,200       249,600 (20,800 * $12)

Fixed expenses                                    180,000       237,000

Net operating margin                            $7,200       $12,600

c) I would recommend that the company should automate its operations.  It will generate more net operating margin, equal to $5,400 ($12,600 - $7,200), when it automates than when it does not, assuming that it expects to sell 20,800 units.  

Explanation:

a) Data and Calculations:

Variable expenses reduction = $3 per unit

Old variable expenses per unit = $21 ($409,500/19,500)

New variable expenses per unit = $18 ($21 - $3)

New variable expenses = $351,000 ($18 * 19,500)

New Contribution Margin per unit = $12 ($30 - $18)

New Contribution margin ratio = $12/$30 * 100 = 0.4 or 40%

Old Fixed Expenses = $180,000

New Fixed Expenses = $237,000 ($180,000 + $57,000)

4 0
3 years ago
Households act as suppliers when they provide:
Korolek [52]
A! Hope this was helpful for you.
7 0
3 years ago
During its first month of operations in March, Volz Cleaning, Inc., completed six transactions with the dollar effects indicated
Alekssandra [29.7K]

Answer and Explanation:

The Preparation of classified balance sheet for Volz Cleaning, Inc., at the end of March is shown below:-

Assets

Current Assets:

Cash                                          $27,000

($45,000 - $8,000 - $2,000 - $7,000 + $3,000 - $4,000)

Investment (short term)             $4,000

($7,000 - $3,000)

Notes receivables                     $2,000

Total Current Assets                 $33,000

Long Term Non Current Assets:

Computer equipment                  $4,000

Delivery Truck                              $35,000

Total long term                            $39,000

Total assets                                   $72,000

Liabilities

Liabilities

Notes payable                           $27,000

Total liabilities                            $27,000

Stockholder equity

Common Stock                        $6,000

Additional Paid in Capital $39,000

Total Stockholder's equity  $45,000

Total Liabilities & Stockholder's

equity                                         $72,000

6 0
3 years ago
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