They function as consumers and producers because while they work, they are creating goods/ providing services that contribute to the economy. When they get paid, they become consumers who buy goods/pay for services.
Answer:
Explanation:
Let's look at some facts:
1. Dawn Altieri has leased a car from GE Auto lease
2. Dawn Altieri had an accident where she caused an injury to Kenzie Godfrey
3. At the same time of an accident, Dawn Altieri owned the car although she had not completed the transfer of title formalities.
4. Kenzie Godfrey suffered brain damage and claimed damages from owner of the car
Under the UCC it is assumed that when the physical goods are handed by the seller to the buyer the title has passed. However, when the goods are leased the title remains with the lessor-owner.
Although Dawn Altieri has originally leased the vehicle, she had now purchased it. Therefore, even though final formalities have not completed, she was the tile-holder of the vehicle.
Therefore, Dawn Altieri was liable for the damages claimed by Kenzie Godfrey.
Confidentiality.
Confidentiality means keeping things private/secret. It would be difficult to maintain this level of privacy if there is a lot of foot traffic.
Answer:
$800 debited
Explanation:
As we know that
The inventory should be reported at the cost or net realizable value whichever is lower
Since the total cost is
= 200 units × $16
= $3,200
And, the current replacement cost
= 200 units × $12 units
= $2,400
So, the inventory should be recorded at $2,400
Therefore, the cost of goods sold would be
= $3,200 - $2,400
= $800 debited