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ziro4ka [17]
2 years ago
6

Hunt, an employee of the Marie Reading School, was injured when the elevator he was operating fell. The school had a contract wi

th Shaft Elevator, Inc., whereby Shaft was to inspect and service the elevator on a regular basis. Hunt contended that Shaft had not properly inspected the elevator and that its omission caused the accident. Can Hunt maintain an action against Shaft? Why or why not?
Business
1 answer:
Nesterboy [21]2 years ago
3 0

Answer:

Under reasonable foreseeable duty of care it is expected that the lift will be in acceptable condition and it is the duty of the Shaft Elevator to keep up and maintain it appropriately. As there is an agreement with the Shaft Elevator with the school , Hunt being the worker of the school can recoup the harms from shaft lift under carelessness of obligation of mind and keep up an activity against them.

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A firm is considering the acquisition of a new machine. The base price is $85,000 and it would cost $15,000 to install. The mach
Naddik [55]

Answer:

Cash flow year 0   (110,000)

or in other way to express it: a cashoutflow for $110,000

Explanation:

Initial net cahs outflow

this will be the acquisition of the machine cost plus the increase in the working capital for the company

machine cost: all cost necessary for acquire the machien and get it operational

supplier list price        85,000

installation cost       <u>    15,000</u>

total cost                     100,000

Increase in Working Capital Cost 10,000

As these are cost they are negative so we have a cashouflow

Total cashflow    (110,000)

4 0
3 years ago
Lauren's salary decreases from $ 37,000 to $ 30,000 . She decides to reduce the number of outfits she purchases each year from 2
nikklg [1K]

Answer:

E=-4.0746

Explanation:

Using the midpoint method, Lauren's income elasticity of demand for new outfits is determined by the change in income multiplied by the average number of outfits, divided by the change in the number of outfits multiplied by the average income:

E=\frac{\Delta I*O_{avg}}{\Delta O*I_{avg}}\\E=\frac{(37,000-30,000)*\frac{20+19}{2}}{(19-20)*\frac{37,000+30,000}{2}}\\E=-4.0746

Her income elasticity of demand for new outfits is -4.0746.

8 0
3 years ago
Journalize the following merchandise transactions. The company uses the perpetual inventory system.
aliya0001 [1]

Answer:

a.

Accounts Receivable $17,300 (debit)

Cost of Goods Sold $12,600 (debit)

Sales Revenue $17,300 (credit)

Inventory $12,600 (credit)

b.

Cash $15,916 (debit)

Accounts Receivable $15,916 (credit)

Explanation:

The Perpetual Inventory system records the cost of inventory after every sale.

a. Sale of Sold merchandise on account

Recognize the Revenue and Cost of Sale as follows :

J1

Accounts Receivable $17,300 (debit)

Sales Revenue $17,300 (credit)

J2

Cost of Sales $12,600 (debit)

Merchandise $12,600 (credit)

b.Received payment within the discount period

Recognize the Cash receipts  to the extend of amount paid less cash discount of 2%

Cash $15,916 (debit)

Accounts Receivable $15,916 (credit)

Cash Receipt = $17,300 × 92% = $15,916

5 0
2 years ago
If more workers are added to a company, the hope is that production and profit will ________________.
pishuonlain [190]

Answer: increase

Explanation:increase means to become greater in amount. more workers, more production.

5 0
2 years ago
Potential GDP is:
Eva8 [605]

Answer:

b. maximum amount of output that can be produced given the labor force, capital stock, and technology.

Explanation:

GDP refers to the gross domestic product which reflects the finalized value of the goods and services produced domestically

On the other side, the potential GDP refers to the maximum level of output that can be produced by considering the labor force, capital stock, technology by taking the constant inflation rate

Therefore option b is correct

7 0
3 years ago
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