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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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The effective Fed Funds Rate is the_________.
soldi70 [24.7K]

Answer:

The answer would be B

Explanation:

The effective federal funds rate is the interest rate banks charge each other for overnight loans to meet their reserve requirements. Also known as the federal funds rate, the effective federal funds rate is set by the Federal Open Market Committee, or FOMC.

7 0
4 years ago
Many phone fraud scammers are especially cunning because they approach the target to try to sell _____.
MrMuchimi

Answer: A. improved computer security programs

Lots of people lose money due to phone fraud scammers. They try to approach the target to sell improved computer security programs. They do lots of ways to convince you to the point of asking you to give personal information. If you happen to meet one, say no.


7 0
4 years ago
Read 2 more answers
A store has 5 years remaining on its lease in a mall. Rent is $2,000 per month, 60 payments remain, and the next payment is due
liubo4ka [24]

Solution:

Sum      Present value of 60 payments

             Rent                                              2000

            Periods                                           60

            Rate                                                 12%

        Present value of 60 payments    $94,405 (Excel = PV( 1% , 60 , 2000))

       Future value of these payments at t=9

       Future value                                   $1,03,249.99(Excel=FV(1%,9,94,405)

       Periods                                              51

        Rate                                                 12%

8 0
3 years ago
During 2019, Dowdy, a C corporation, realized a long-term capital gain of $8,000 from the sale of a tract of land, a short-term
postnew [5]

Answer:

The answer to the following question is $4000.

Explanation:

Dowdy which is a C corporation, has a total of $14,000 in capital gain, in which $8000 comes from sale of tract land and rest of $6000 comes from sale of stock. And the company also has a capital loss of $18,000. So here the company is having a long term capital loss of $4000 ( $18,000 - $14,000 ), and this C corporation can deduct this long term capital loss from their taxable income ( the year in which loss was incurred ) . If in a situation, loss is not deducted from this year , then it can be carried 3 years or 2 years or even 1 years back and if there is capital gain , it can be deducted from it.

8 0
3 years ago
Phipps Company borrowed $25,000 cash on October 1, 2016, and signed a nine-month, 8% interest-bearing note payable with interest
anzhelika [568]

Answer:

The correct option is C,$500

Explanation:

The amount of interest accrual is the interest on the sum borrowed from October 1 2016 to 31 December 2016,that is 3 months of interest,which is computed below:

Accrued interest =principal*stated interest rate*number of accrued months/12

principal is $25,000

stated interest is 8%

number of accrued months is 3

accrued interest =$25,000*8%*3/12=$500

The accrued interest is to be debited interest expense  because it is an increase in expense  and credited to interest payable as a liability

5 0
3 years ago
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