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igor_vitrenko [27]
3 years ago
10

Ralph Watkins owns a large home on a two-acre lot in Tempe, Arizona. Watkins has much of the lot covered with tiff grass and is

meticulous about mowing the lawn. Watkins piles the grass clippings near his back fence and removes them on a semiannual basis. The clippings attract crickets, rodents, scorpions, and other forms of desert life. Watkins' neighbor, Vern Brown, has noted that the various forms of desert life scale the wall and invade his property. Brown has worked with his exterminator but his exterminator has told him that the grass clippings must go before the bugs will go. Brown:
a. would not have a nuisance claim since he is the only one who is affected.
b. could clean up the pile and recover from Watkins under CERCLA.
c. could seek an injunction against Watkins on the basis of nuisance.
d. could report Watkins for violating the Solid Waste Disposal Act.
Business
1 answer:
kakasveta [241]3 years ago
5 0

Answer:

(C) Brown could seek an injunction against Watkins, on the basis of nuisance

Explanation:

The bugs and pests from Watkins grass clipping pile are a menace to his neighbour Brown.

Brown has tried extermination but the source of the problem, which is still there, makes his efforts futile.

Brown now has the right to seek an injunction - a court order controlling or restricting a person's behaviour - against Watkins on the basis of nuisance.

Watkins should comply

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Rand Company had May operations as follows. Units actually produced 76,000 Actual direct labor hours worked 160,000 Actual varia
Pavel [41]

Answer:

B. 20,000

Explanation:

Standard Variable overhead rate = $6 per units / 2 direct labour hour

Standard Variable overhead rate = $3 per hour

Variable Overhead Spending Variance = Actual hours worked * (Actual overhead rate - Standard overhead rate)

Variable overhead spending variance = 160,000 * (3.125 -3)

Variable overhead spending variance = 160000*0.875

Variable overhead spending variance = 20,000

4 0
2 years ago
Where does Hewitt’s leadership fall on the Managerial Grid discussed in the chapter? (5 marks) (b) What deficiencies or shortcom
nikdorinn [45]

Answer:

The Hewitt's leadership falls on the the Middle of Road Management, which is carefully assessed, realistic and in turn creates a balance between concerns for people and production.

The shortcomings of this leadership are, Failure to motivate and inspire people, lack of passion and enthusiasm, Inability to keep workers.

Explanation:

Solution:

(a) The leadership of Hewitt fall towards the Middle of Road Management at 5,5 points, as it is well realistic, carefully assessed or adjusted, and satisfies the concerns for the people and production.

(b) The shortcomings or defaults discovered in Hewitt's Leadership is stated as follows:

  • The failure to motivate and inspire people
  • The Inability to retain employees or workers
  • The lack of passion and willingness or zeal
  • The lack of appreciation on employee or individual
5 0
3 years ago
Determine the missing amount from each of the separate situations given below.Assets = Liabilities + Equity(a) x = $84,000 + $47
sdas [7]

Answer:

(a) X = Total assets = $131,000

(b) X = total equity = $90,000

(c) X = total liabilities = $90,000

Explanation:

In this type of question, we use the accounting equation which is equals to

Total assets = Total liabilities + Total equity

This accounting equation is used to balance the financial statements so that proper accuracy and analysis can be made.

(a) X = $84,000 + $47,000

X = $131,000

X here means total assets.

(b) $120,000 = $30,000 + x

$120,000 - $30,000 = X

X = $90,000

Here, X = Total equity

(c) $152,000 = x + $62,000

$152,000 - $62,000 = X

X = $90,000

Here, X = Total liabilities

Hence, (a) X = Total assets = $131,000

(b) X = total equity = $90,000

(c) X = total liabilities = $90,000

4 0
2 years ago
The market price of a security is $74. Its expected rate of return is 20.2%. The risk-free rate is 3% and the market risk premiu
tigry1 [53]

Answer:

The market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged) will be $44.10.

Explanation:

Note: This question is not complete. The complete question is therefore presented before answering the question as follows:

The market price of a security is $74. Its expected rate of return is 20.2%. The risk-free rate is 3% and the market risk premium is 6.5%. What will be the market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged)

Assume that the stock is expected to pay a constant dividend in perpetuity.

Explanation of the answer is now given as follows:

Since the correlation coefficient with the market portfolio doubles (and all other variables remain unchanged), it implies that beta and also the risk premium will also double.

From the question, we can obtain:

Current risk premium = Expected rate of return - Market risk premium = 20.2% - 6.5% = 13.70%

As the current risk premium will double, we have:

New risk premium = Current risk premium * 2 = 13.70% * 2 = 27.40%

Also, we have:

New discount rate = New risk premium + Market risk premium = 27.40% + 6.5% = 33.90%

Since it is assumed that the stock is expected to pay a constant dividend in perpetuity, the dividend can therefore e calculated as follows:

Dividend = Current market price * Current expected rate of return = $74 * 20.2% = $14.95

The new market price of the security can now be calculated as follows:

New market price of the security = Dividend / New discount rate = $14.95 / 33.90% = $44.10

Therefore, the market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged) will be $44.10.

5 0
2 years ago
What would you place below the return address on business envelope
gregori [183]
The answer should be "personal."
8 0
3 years ago
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