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seraphim [82]
3 years ago
12

Mary buys a new toaster for $500. the toaster's label bears a disclaimer stating that the manufacturer is not liable for consequ

ential damages. one morning while mary is using the toaster, it emits sparks and damages the electrical wiring in the kitchen. the electrician tells mary that the toaster malfunctioned and that the cost of repairs in her kitchen would amount to $2,000. what amount of monetary damages can mary likely recover from the manufacturer of the toaster
Business
1 answer:
Damm [24]3 years ago
5 0

Answer:

The answer is<u> "$500".</u>

Explanation:

The amount of monetary damages Mary can likely recover from the manufacturer of the toaster is $500, because the disclaimer label on the toaster clearly states that, the manufacturer company is not liable for consequential damages. The damage of the electrical wiring in the kitchen refers to consequential damage because it is not the direct result of the damage of toaster but it is due to the spark in the toaster.

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Under the weighted-average method, the cost of units transferred out of a department is computed as follows for a cost category:
Roman55 [17]

Answer:

B. Units transferred to the next department × Cost per equivalent unit

Explanation:

Cost per equivalent unit refers to the cost of each completed unit possible.

As there is not only the units which are complete, but newly introduced and those in work in progress, and therefore, the cost of each equivalent unit is calculated so that it computes the cost for each unit.

Accordingly, all the units which are completed and transferred to another department are complete and the equivalent cost of completion of each unit shall be allocated to those units.

Therefore, correct option is:

Option B.

5 0
3 years ago
Bauer Securities decided to purchase a 51% controlling interest in a small private company that produces software necessary to r
Wittaler [7]

Answer:

The answer is: level 3 fair value

Explanation:

Level 3 fair value refers to a valuation technique used in situations where the valuation is highly subjective. It is difficult to assign value to level 3 assets since their stocks aren't part of any trading market. For example, mortgage backed securities, private equity shares, foreign stocks, etc. are considered level 3 assets.

5 0
3 years ago
Estée lauder would not choose to sell to cvs or dollar general because ________.
castortr0y [4]
Estée lauder would not choose to sell to cvs or dollar general because "<span>customer expectations."</span>

Estée Lauder would not choose to sell to CVS or Dollar General since its clients would not expect to shop at those stores for top of the line makeup. Rather, CVS may convey less costly cosmetic brands, as Revlon and Maybelline.

4 0
3 years ago
At Halsted Medical Products Corp., all assembly workers must wear specialized gear to prevent possible injuries from minute part
Pavlova-9 [17]

Answer:

b. Feedforward control

Explanation:

Feedforward control is a form of proactive control that includes measures that pertain to prevent certain consequences and safety hazards. This company wants to prevent their employees form getting injured from particles during manufacturing. So, this is an example of feedforward control, that aims to prevent, not react.

7 0
3 years ago
Fill in the missing amounts.
Marrrta [24]

Answer:

Find my analysis below

Explanation:

The gross profit rate is the portion of net sales earned as gross profit prior to considering operating expenses as indicated by the formula below:

gross profit rate=gross profit/net sales

The profit margin measures the net income as a percentage of net sales

profit margin=net income/net sales

                                Crane company Sheridan company

Sales revenue                 $94,200  $103,000  

sales returns and allowance  $14,000  $3,000  

Net sales                           $80,200  $100,000  

cost of goods sold                  $54,200  $50,000  

Gross profit                               $26,000  $50,000  

Operating expenses            $14,700  $34,400  

Net income                            $11,300  $15,600  

 

Gross profit rate=gross profit /net sales 32.4% 50.0%

Profit margin=net income/net sales         14.1% 15.6%

Crane company Sheridan company

Sales revenue                 94200 =F5+F4

sales returns and allowance  =E3-E5 3000

Net sales                       80200 100000

cost of goods sold              54200 =F5-F7

Gross profit                       =E5-E6 50000

Operating expenses        14700 =F7-F9

Net income                            =E7-E8 15600

 

Gross profit rate=gross profit /net sales =E7/E5 =F7/F5

Profit margin=net income/net sales =E9/E5 =F9/F5

7 0
2 years ago
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