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kkurt [141]
3 years ago
7

A woman purchased a new refrigerator from an appliance store. Two weeks later, she sold the refrigerator to her son, who had jus

t moved into a townhome. Soon afterwards, the thermostat in the freezer malfunctioned. The son contacted an independent service technician, who installed a new cooling panel. One month later, the freezer stopped working again, this time causing all the frozen food and ice to melt and damage a hardwood floor. The son contacted the appliance store, which informed the son that the technician had installed a cooling panel designed for an older model refrigerator. The appliance store then proceeded to install the proper cooling panel at no charge, and the appliance worked properly after that. The son brought a products liability action based on strict liability against the appliance store for the damage caused to his hardwood floor. Assume the parties stipulate to the above facts. Both parties have moved for a directed verdict. Should the court grant either of the motions
Business
1 answer:
Phantasy [73]3 years ago
6 0

Answer: The court shouldn't grant either of them motion, due to the fact that the jury must determine whether the damage was due to the technician's installation of the improper cooling panel.

Explanation:

Based on the information given and assuming that both parties have moved for a directed verdict, then the court should not grant either of the motions.

The court shouldn't grant either of them motion, due to the fact that the jury must determine whether the damage was due to the technician's installation of the improper cooling panel.

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Marcia Simpson is the CEO of a golf training aid company. The company manufactures a variety of different products to help golfe
wariber [46]

Answer: Business

Explanation: In simple words, business refers to a group of activities that an individual performs, by taking calculated risk, for the ultimate purpose of making profit.

In the given case, Marcia Simpson is starting the new academy to target wealthy corporate employees.

Hence we can conclude that she is willing to start a business.            

3 0
2 years ago
1) Issued common stock for $5,000 cash. (2) Earned $3,000 of cash revenue. (3) Paid a $4,000 cash to purchase land. (4) Paid cas
WITCHER [35]

Answer:

-$4,000

Explanation:

The computation of the amount of cash flow from investing activities is shown below:

= Paid a $4,000 cash to purchase land

Since the land is purchase for cash so the amount is to be shown in the investing activities in a negative value as the purchase is the outflow of cash

So the same is relevant

3 0
2 years ago
Sal contracts with Tasty Pizza Company to deliver its products. Later,both parties change their minds and decide to cancel their
goldenfox [79]

Answer:

.b.can agree to a new contract that includes the new price

Explanation:

When Sal and Tasty agreed to cancel their first contract, that was the end of that particular contract. No further negotiations can take place because the contract doe not exist. By calling Tasty the following day, Sal was initiating a new contract.

A  new contract does not need to make any references to the canceled contract. Sal and Tasty are free to negotiate for new terms and negotiations since this is a new contract. The details of the canceled contract are no longer binding to them.

5 0
3 years ago
Wehrs Corporation has received a request for a special order of 9,300 units of product K19 for $46.80 each. The normal selling p
Sliva [168]

Answer:

Effect on income= $62,510 increase

Explanation:

Giving the following information:

Offer= 9,300 units of product K19 for $46.80 each.

Direct materials $ 17.60

Direct labor $6.90

Variable manufacturing overhead $4.10

The customer would like some modifications made to product K19 that would increase the variable costs by $6.50 per unit and that would require a one-time investment of $46,300 in special molds that would have no salvage value.

<u>Because it is a special offer and there is unused capacity, we will take into account only the incremental fixed costs.</u>

<u></u>

First, we need to calculate the total cost of the offer:

Unitary variable cost= 17.6 + 6.9 + 4.1 + 6.5= $35.1

Total variable cost= 35.1*9,300= $326,430

Total fixed costs= 46,300

Total cost= $372,730

Finally, we can determine the effect on income:

Effect on income= 9,300*46.8 - 372,730

Effect on income= $62,510 increase

3 0
3 years ago
Quartz Instruments had Retained Earnings of $150,000 at December 31, 2018. Net income for 2019 was $95,000, and dividends for 20
Svet_ta [14]

Answer:

The answer is B. $210,000

Explanation:

Retained Earnings is the part of profit that is not spent. It is put back into the business after the dividend must have been paid from profit for the year.

Ending retained earnings = beginning Retained Earnings plus net income minus dividend

Beginning Retained Earnings is $150,000

Net income is $95,000

Dividend is $35,000

Therefore amount of Retained Earnings at December 31, 2019 is

$150,000+$95,000-$35,000

=$210,000

8 0
2 years ago
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