Answer:
Toyoda and the subcontractors.
Explanation:
According to UCC Article 2, both the manufacturer and the subcontractor are liable for any damage caused by any defects.
This situation happened (and continues to happen) with the Takata airbag recall, where several car manufacturers and Takata were liable for defective airbags. Takata already filed for bankruptcy, so the car manufacturers deal with the recalls themselves. Both of them are liable for the defective airbags even though Takata manufactured them.
Answer:
The right answer is $50,000
Explanation:
Simply put, adjusted basis is the cost of an object after factors that affects the cost has being considered. These factors usually include taxes, depreciation value and any other cost incurred in getting and retaining the said object. Adjusted basis is important so as to know the right amount to sell.
Adjusted basis increases when an individual factors the cost incurred from taxes and maintenance ad it reduces when he/she factors in depreciation.
In the case of Koch, he already exchanged his machine for another at $50,000, as far as he is concerned at that moment, the adjusted basis is $50,000 because it was exchanged in a fair market.
Answer:
A)Tax preparation
Explanation:
Gross domestic product is the sum total of all goods and services produced by a country within a given period.
Goods are tangible products that are produced by the country and in this scenario includes photographs, reclining chairs, and photographs.
Services on the other hand are those intangible actions that produce value to the end user. An example of service is tax preparation.
If an individual requires his taxes to be prepared but does not have the skill to do it. They will hire someone to do it and pay for the service.
Answer:
$10.84
Explanation:
The computation of willing to pay today is shown below:
For this first we have to find out the present value that is shown below:
Year Dividend per share Present value Present value
interest factor @12%
1 $0.57 0.893 $0.509
2 $0.62 0.797 $0.494
3 $0.77 0.712 $0.548
4 $1.07 0.636 $0.681
Present value $2.232
Now the price for the fourth year is
= (Next year dividend) ÷ (Required rate of dividend - growth rate)
where,
Next year dividend = $1.07 + $1.07 × 3.8%
= $1.07 + 0.04066
= $1.11066
So, the price for the fourth year is
= ($1.11066) ÷ (12% - 3.8%)
= $13.545
Now the present value of fourth year dividend is
= $13.545 × 0.636
= $8.61
So the willing to pay today is
= $2.23 + $8.61
= $10.84
