Answer:
D) Sue can sue Jerry and bring the case to Iowa federal court as this is a case that involves diversity of citizenship.
Explanation:
Diversity of citizenship means that the parties involved in a lawsuit are citizens of different states (within the US) or are citizens of different countries. If a company is involved in a lawsuit, its citizenship is defined as where the company was incorporated or where does it carry its normal business operations.
In this case since Sue is a citizen of the state of New York and Jerry is a citizen of the state of Iowa (diversity of citizenship applies), Sue can choose to sue Jerry in a federal court since the citizens of two different states are involved.
Answer:
a.The simple ranking method.
Explanation:
From The given scenario is based on the simple Ranking method which is the simplest method of Appraisal under which every employee is compared with the others and ranked from best to worst.
Answer:
$3.40 per kilogram
Explanation:
Calculation for the standard price per kilogram for the raw material
Using this formula
Standard price per kilogram=(Raw Material total cost +Materials price variance)/Raw material kilograms
Let plug in the formula
Standard price per kilogram=($21,920+$1,370)/6,850
Standard price per kilogram=$23,290/6,850
Standard price per kilogram=$3.40 per kilogram
Therefore the standard price per kilogram for the raw material will be $3.40
Answer:
Follows are the responses to the given points:
Explanation:
In point a:
Yeah, throughout the state court they will ever sue against fraud. As base with the that State is appropriate so because the main place of work is specific budget inventory representatives Inc.
In point b:
Thomas couldn't sue for cheating at the federal court successfully, because equality in nationality would be the only conceivable way. Because as a federal problem also isn't involved, Thomas and both are comprehensive residents of Michigan weren’t diverse for this situation. The business is a resident of all its corporate headquarters and the State of formation.
In point c:
Throughout this situation, silver can claim nationality plurality, as Oklahoma's comprehensive would not be a citizen. It simple company does company in such a state doesn't render that business a citizen. However, if silver has been damaged in terms of $75,000, this failure combined with citizenship diversity would allow it to sue extensively in a federal court. This event does not tell everyone how slowly he lost, however, the facts weren't enough to make a correct judgment.
Answer:
True
Explanation:
As for calculating the gain or loss on distribution of any asset, in any case the company shall consider the fair market value at the time of distribution, and accordingly, the gain or loss shall be:
Fair market value - Tax basis of such asset.
Here, in the given instance
Fair market value of land = $200,000
Tax basis of land = $50,000
Thus, gain on distribution = $200,000 - $50,000 = $150,000
This will not be different in any case, whether the earnings are positive or negative.
Therefore, the statement is True
