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jonny [76]
3 years ago
15

The owner of a collection of old anvils lent it to the local museum and hired professional movers to transport the anvils to the

second floor of the museum, where they would be displayed. The movers used a rope and pulley apparatus to lift the anvils on the outside of the building to a second-story window. While one of the largest anvils was being lifted, it slipped and fell, crashing to the ground. However, the anvil was not even dented. If the owner brings a negligence action against the movers for allowing the antique anvil to fall, what can the owner recover
Business
1 answer:
Kaylis [27]3 years ago
8 0

Answer:

Neither nominal damages nor punitive damages.

Explanation:

Nominal damage is defined as money from a defendant that is awarded to a plaintiff for a legal wrong. The amount awarded does not meet up to the financial loss incurred.

Punitive damage is the type that is awarded to punish the defendant for an injury or wrong done to a plaintiff. This is also called exemplary damages.

In the given scenario the owner will not be able to recover either punitive or nominal damages from the movers.

This is because movers used a rope and pulley apparatus to lift the anvils on the outside of the building to a second-story window. This was aimed at not harming anyone within the building.

Also when it fell the anvil was not even dented.

So there was no basis for the negligence charge as there was no injury inflicted.

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The Daily Grind sells coffee makers. Its inventory of coffee makers without timers cost $20,000 and is now valued at $10,000. It
zysi [14]
Daily grinds inventory value = coffee maker with timer value x n units + coffee maker without timer in x  n units

where:
coffee maker with timer value = $35000 
coffee maker without timer = $10000 
n= 5 units each

Daily grinds coffee maker inventory value = ($35000 x 5)+( $10000 x 5)
                                                                   = $225000


5 0
4 years ago
Bob, an accountant of xyz, drives his own car to the bank to make a deposit for xyz. bob has an at-fault accident. if xyz carrie
densk [106]
<span>The answer is : No coverage for xyx.  Bob, an accountant of xyz, drives his own car to the bank to make a deposit for xyz. bob has an at-fault accident. if xyz carries $1,000,000 bodily injury/property damage coverage with a symbol 2 for covered autos, and bob carries no insurance, No coverage is applicable for xyz.  </span>
7 0
3 years ago
Hatso, a famous hat retailer chain, opens a new store in Kentucky and chooses to operate solely in the traditional physical mark
natta225 [31]

Answer: Option A

       

Explanation: Brick and mortar refers to the business strategies in which the firm decides to operate their business in a traditional manner. Under this, the firms tries to maintain the personal connection with their customers by doing face to face transactions.

In the given case, Hatso has decided to operate their stores physically in this era of online business websites.

Hence from the above we can conclude that Hatso is following brick and mortar.

3 0
3 years ago
Year-to-date, Oracle had earned a −1.38 percent return. During the same time period, Valero Energy earned 7.62 percent and McDon
harkovskaia [24]

Answer:

1.94%

Explanation:

The computation of portfolio return is shown below:-

Portfolio return = Sum of (return from stock × Weight of stock)

= (-1.38 × 35%) + (7.62 × 30%) + (0.40 × 35%)

= 0.483 + 2.286 + 0.14

= 1.94%

Therefore for computing the portfolio return we simply multiply the sum of return from stock with sum of weight of stock.

5 0
3 years ago
Wisseman Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbis
Serjik [45]

Answer:

VARIANCE for Total Expenses = $3,000 F

Explanation:

PLANNING Budget:

Container Refurbished = 28

Employee salaries and wages = $55,100 + $900x(28) = $55,100 + $25,200 = $80,300

Refurbishing materials = $600x(28) = $16,800    

Other expenses = $41,200  

Total Expenses = $80,300 + $16,800 + $41,200 = $138,300

FLEXIBLE Budget:

Container Refurbished = 26

Employee salaries and wages = $55,100 + $900x(26) = $55,100 + $23,400 = $78,500

Refurbishing materials = $600x(26) = $15,600    

Other expenses = $41,200  

Total Expenses = $78,500 + $15,600 + $41,200 = $135,300

VARIANCE for Total Expenses:

VARIANCE = PLANNING Budget - FLEXIBLE Budget = $138,300 - $135,300 = $3,000 F

Since Planning Budget is greater than Flexible Budget, the change is favorable (F)

Hope this helps!

7 0
4 years ago
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