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den301095 [7]
2 years ago
9

Miles is floating happily on a rubber raft in his swimming pool in new jersey when the raft busts and cuts his eye. his doctor s

ays he will need corrective surgery and may never fully regain his eyesight in the damaged eye. miles learns that the raft was manufactured in louisiana, by intack inc., a company headquartered in new mexico. miles bought the raft from a kidz toyz store, a chain of stores in new jersey that sells many intack products. miles sues intack in a new jersey federal court for $100,000. intack files a motion to have the case moved to federal court in new mexico, saying that new jersey lacks jurisdiction over the case. is intack correct?
Business
1 answer:
docker41 [41]2 years ago
5 0

Based on the scenario, Intack files a motion to have the case moved to federal court in New Mexico in which they claim that New Jersey lacks jurisdiction over the case in which made Intack not correct about their claims as they don’t have significant amount of business in the New Jersey and in addition, it could be expected that it is sued there.

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Which of the following statements is correct?A.The payment of a cash dividend reduces net income.B.Cash received from issuing co
ioda

Answer:

B.Cash received from issuing common stock to stockholders is reported as a financing activity cash flow within the statement of cash flows.

Explanation:

As when common stock is issued, it provides cash to the company, for any kind of investments, or expense to be made, for running the business.

Financing activities are those which arrange monetary assets generally cash for the company, issue of securities, issue of bonds, borrowings as loans or note payable.

Thus, the statement B is correct.

Further dividends are provided after tax, and are distribution from net income, but not shown under that.

Providing services on account will provide revenue and net income will increase.

Purchasing of any equipment is investing as it will create an asset for the company.

7 0
2 years ago
Karen and Mike currently insure their cars with separate companies, paying $400 and $600 a year. If they insured both cars with
Papessa [141]

Answer:

$1,720

Explanation:

Total annual premium for both Karen and Mike = $400 + $600 = $1,000

If they insured both cars with the same company, they would save 15% on the annual premiums -> the annual saving = 15% * $1,000 = $150

We use formula FV to calculate the future value of annual payment:

= FV(rate, number of payment, - payment) = FV(3%,10,-150) = $1,720

4 0
2 years ago
Which label(s) would mark the produce that you are least likely to purchase even if it was very affordable?A.no label B.100% org
Burka [1]

Answer:  C.grown with pesticides and chemical fertilizers

Explanation: We must choose this answer because pesticides and chemical fertilizers are guilty of most allergies and diseases worldwide. The best action you can do is choose 100% natural and organic items certificate on the label, so we make sure that they will be suitable for our consumption without any consequence.

7 0
3 years ago
What is photo synthesis?​
Vlad1618 [11]

Answer:

photo synthesis is the process in which green plants use water and carbon dioxide to create their food.

8 0
2 years ago
If the price elasticity of demand for a product is 2. 5, then a price cut from $2. 00 to $1. 60 will:_______
hoa [83]

Increase the quantity demanded by about 25 percent.

<h3>What is the short definition of price elasticity?</h3>
  • Price elasticity in business and economics refers to how much people, consumers, or producers alter their demand or the quantity supplied in reaction to changes in price or income.
  • It is mostly used to evaluate how consumer demand has changed as a result of a price change for a good or service.
<h3>What are some examples of price elasticity of demand?</h3>
  • When a price increase results in a greater percentage reduction in demand, we say a good is price elastic.
  • For instance, if price increases 20% and demand declines 50%, the PED equals -2.5. One illustration is Heinz soup. Heinz soup options are plenty today.

learn  more about price elasticity of demand here

<u>brainly.com/question/5078326</u>

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3 0
1 year ago
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