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tamaranim1 [39]
3 years ago
12

DFA, a Kansas cooperative, has its principal place of business in Kansas City, Missouri. Bassett, an international commodities b

roker and a Canadian corporation, has its principal place of business in Toronto, Ontario. Bassett is not qualified to do business in Missouri; has no agent for service of process, offices, property, bank accounts, telephone listings, or employees there; and does not advertise or promote its business there. Between July 2009 and February 2011, Bassett purchased more than 3.5 million pounds of dairy products from DFA in about 80 transactions totaling $5 million. The parties did not have a long-term contract, agreeing to each transaction individually by phone. Bassett communicated by phone and email with DFA's Missouri headquarters about delivery and billing. Bassett stopped paying on his account at DFA and DFA sued Bassett in Missouri for failure to pay. The district court dismissed the suit for lack of personal jurisdiction. The total amount due on the account was $220,000. ​
What type of case is this?
a. Court of claims
b. Civil matter
c. Bankruptcy matter
d. Small claims
Business
1 answer:
RideAnS [48]3 years ago
8 0

Answer:

The given case is a Civil Matter case.

Explanation:

Civil cases often involve individuals or organizations such as companies, generally regarding disputes over money - or any species of capital. A case of civil matter usually begins when one person or business  - the plaintiff -claims to have been prejudiced by the actions of another individual or organization - the defendant. The plaintiff then requests the court for deliverance by filing a complaint and starting a court case. The plaintiff may ask the court: 1. To award damages (money compensation); 2. For an injunction, to limit or require compulsory actions from the defendant; 3. To issue a declaratory judgment, in which the court determines the parties' rights under a contract or statute.

Eventually, to mitigate the case, the court - a judge or a jury - will determine the facts of the case and apply the appropriate legislation to it. Then, the court - or jury - will determine which legal consequences will occur given the parts' conducts.

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A firm has 5,000,000 shares of common stock outstanding, each with a market price of $8.00 per share. It has 25,000 bonds outsta
Romashka [77]

Answer:

2.05 percent

Explanation:

WACC is given by:

= weight of equity*cost of equity + weight of debt*cost of debt  

total = $67500000

weight of equity is given by:

= $40000000/(5000000*$8.00 + 25000*$1100)

= ($40000000/$67500000)*100

= 59.26%

weight of debt = ($27500000/$67500000)*100

                         = 40.74%

after tax cost of debt = cost of debt(1 - tax rate)

                                   = 0.09(1 - 0.35)

                                   = 5.85%

WACC = (0.5926*cost of equity) + (0.4074*5.85%)

0.14 = (0.5926*cost of equity) + 0.0238329

cost of equity = 0.14 - 0.0238329 /0.5926

                       = 19.60%

cost of equity = risk free rate + beta(market return - risk free rate)

          19.60% = risk free rate + 1.4(15% - risk free rate)          

          19.60% = risk free rate +21% - 1.4*risk free rate

0.4*risk free rate = 1.40%

      risk free rate = 1.40%/0.4

      risk free rate = 2.05%

Therefore, The risk-free rate is 2.05%

7 0
3 years ago
paano mailalahad sa madla ang nanging resulta ng iyong ginawang produkto o mga pangyayari sa iyong kompanya​
notsponge [240]

Answer:

how to present to the public the results of your product or events in your company

8 0
3 years ago
Indicate by how much net income in the income statement is higher or lower if the adjustment is not recorded. (Do not round inte
oee [108]

Answer:

1. If the depreciation is not recorded, expenses will be overstated. Net income will therefore be higher by the depreciation amount of $5,400.

2. One June 30, $34,000 was loaned out. Interest is 7%. This interest needs to be apportioned to 6 months in the year as interest revenue:

= [(7% * 34,000) / 12] * 6 months

= $‭1,190‬

If this is not recorded, interest revenue will not be recorded which means that Net income will be lower by $1,190.

3. This was for one year yet it was received on October 1. 3 months of the amount will have to be accounted for in the current period.

= (9,600/12) * 3

= $2,400

There must be revenue recognized of $2,400. If it is not recognized, Net income will be lower by $2,400.

In total, Net income will be higher (lower) by:

= 5,400 - 1,190 - 2,400

= $1,810

Higher by $1,810.

4 0
3 years ago
Which of the following methodologies takes the list of desired customer attributes (CAs) generated by market research and turns
lianna [129]

Answer: B. Quality function deployment

Explanation:

Quality function deployment is a very useful process to the manufacturing, healthcare and service industry that was introduced in the 1960s in Japan. It refers to the process of converting the needs and requirements of customers for a good generated by market research to actionable plans and specification that engineers can then use to create the product in question and thus satisfy the need of the customer.

3 0
4 years ago
The following information pertains to Havana Corporation's defined benefit pension plan: ($ in 000s) 2018 2019 Beginning balance
Hitman42 [59]

$504000 is the actual return

<u>Explanation:</u>

particulars                           calculation Amount

Service cost                                         700000

Interest cost                     600000 * 8 \%        480000

Less: Expected return 10 \% * 5760000    576000

Prior service cost                                    48000

Net loss                                                     30000

Pension expense                                       682000

Therefore, the pension expense is $682000

<u>The computation is as follows for the calculation of return (in $000’s) </u>

<u>Plan assets </u>

Beginning = $5760

Actual return = ?

Cash contributions = 696

Less: Retireee benefits = (624)

Ending balance = $6336

Thus after solving this, we get the actual return that is equal to = $504,000

5 0
3 years ago
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