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anyanavicka [17]
3 years ago
13

A Georgia state law requires the use of contoured rear-fender mudguards on trucks and trailers operating within Georgia state li

nes. The statute further makes it illegal for trucks and trailers to use straight mudguards. In approximately thirty-five other states, straight mudguards are legal. Moreover, in Florida, straight mudguards are explicitly required by law. There is some evidence suggesting that contoured mudguards might be a little safer than straight mudguards. Discuss whether this Georgia statute violates any constitutional provisions.
Business
1 answer:
posledela3 years ago
6 0

Answer:

The Commerce Clause refers to the Article 1. Section 8, Clause 3 of the US Constitution which gives "Congress the power of regulating trade between United States and other countries, interstate trade and trade with Indian Tribes".

Case summary:

The state law of GR enforces trucks and trailers operating within the state lines to use contoured rear-fender mudguards. The state further makes it illegal to use straight mud-guards. Based on certain evidences, contoured mudguards might be a little safer than straight mudguards.

Case analysis:

The positive aspect of the commerce clause is the power to congress to regulate the trade which ensures a good market scenario in the country. It helps to bring coordination and let the states trades freely.

Commerce clause besides giving exclusive rights to national government for regulating commerce among the states, restricts the state from doing so. In certain cases, it is found that state impositions or regulations create an unnecessary burden on the public. Thus, for this reason this clause is also called as -negative or dormant" clause.

In this case, state law seems to violate the law of national government under the interstate commerce act. This is for the reason that the state law explicitly requires the use of straight mudguards while this law is active in other states.

Thus, the GR state violates the constitutional provision as it restricts trade.

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Jump Corporation has $2,500,000 of short-term debt it expects to retire with proceedsfrom the sale of 85,000 shares of common st
emmasim [6.3K]

Answer:

$1,700,000

Explanation:

Current liabilities is defined as the obligations a business owes to various parties that is due in less than a year.

Jump Corporation has $2,500,000 of short-term debt this is a current liability that can be reduced by issuing shares.

The shares are issued before the balance sheet is released, so the amount of short term debt that will be exude from current liabilities is the value of shares sold.

Value of shares = price of shares* number of shares

Value of shares= 20* 85,000

Value of shares = $1,700,000

3 0
3 years ago
Consider the market for labor depicted by the demand and supply curves that follow. Use the calculator to help you answer the fo
vekshin1

Answer:

Suppose a senator considers introducing a bill to legislate a minimum hourly wage of $12.50.

Wage           Labor Demanded            Labor Supplied

$12.50               375,000                           625,000

This will result in a surplus of labor (625,000 higher than 375,000)

Which of the following statements are true?

  • Binding minimum wages cause structural unemployment.  As with all price floors, a deadweight loss results, because the quantity supplied is much greater than the quantity demanded. In this case, the price of labor is the wage, and the deadweight loss = structural unemployment
  • In the absence of price controls, a surplus puts downward pressure on wages until they fall to the equilibrium. Since a labor surplus exists, the price of labor should start to decrease in order to match the equilibrium price.
  • If the minimum wage is set at $12.50, the market will not reach equilibrium. The quantity supplied of labor is much greater than the quantity demanded for labor resulting in a surplus.

6 0
3 years ago
__________This import tax was meant to replace the earlier "Tariff of Abominations", but it was widely disliked by southern merc
mrs_skeptik [129]

Answer:

Tariff of 1832

Explanation:

The Tariff of 1832 was enacted to replace the 1828 import tariffs commonly known as Tariffs of Abomination. Most southern states did not like it, but its greatest opposition came from South Carolina since its economy depended greatly in foreign trade. Back then America's largest export was cotton produced by southern states.

Due to South Carolina's extreme opposition, it was replaced by the Compromise Tariff of 1833. This last tariff would gradually decrease the tax rates until they fell back to 1816 levels, which was approximately 20%.

The Nullification Crisis refers to a legal process carried out in South Carolina that determined that federal taxes, specifically import tariffs were unconstitutional and shouldn't apply to them. The problem is that the Supreme Court decides what is unconstitutional or not, not a state court.

7 0
3 years ago
Suppose the market wage for cashiers increases from $7 per hour to $9 per hour.As a result, Pat, who is a cashier, now works fiv
Anton [14]

Answer:

Income

Explanation:

Suppose the market wage for cashiers increases from $7 per hour to $9 per hour. As a result, Pat, who is a cashier, now works five more hours per week. On the other hand Chris, who is also a cashier, now works five fewer hours per week.Chris's behavior illustrates the <u>Income</u> effect of a wage increase.

As the income increases, few individual prefer to work fewer hours as now they are able to maintain target by working fewer than at previous wage rate. These people prefer leisure over higher income and want to settle down with limited income. These people  may have a backward bending individual labour supply curve – they may choose to work fewer hours when the wage rate rises.

8 0
3 years ago
Holliman Corp. has current liabilities of $407,000, a quick ratio of 1.90, inventory turnover of 4.50, and a current ratio of 3.
Sati [7]

Answer:

Cost of goods will be $4670325

Explanation:

We have given current liabilities = $407000

A quick ratio = 1.90

Current ratio is 3.40 and inventory turnover = 4.50

We know that current ratio is the ratio of current assets and current liabilities

So 3.4=\frac{current\ assets}{current\ liabilities}

So current assets = $1383800

Now quick ratio is equal to = \frac{current\ assets-inventory}{curtrent\ liabilities}

So 0.85=\frac{1383800-inventory}{407000}\\

Inventory = $1037850

Inventory turnover is given 4.5

So 4.5=\frac{cost\ of\ goods\ sold}{average\ inventory}

4.5=\frac{cost\ of\ goods\ sold}{1037850}

So cost of goods sold = 4.5×$1037850 = $4670325

5 0
3 years ago
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