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brilliants [131]
3 years ago
8

The plaintiff is a State A corporation that entered into a contract with the defendant under which the defendant agreed to manuf

acture and sell equipment to the plaintiff. The equipment is heavily regulated by the federal government. The plaintiff plans to sue the defendant for $1 million because the equipment does not conform to the contract specifications and does not operate properly. The defendant is incorporated in State B, but all of its facilities and offices are in State A. Would a federal district court have subject matter jurisdiction over the plaintiff's action
Business
1 answer:
Kruka [31]3 years ago
3 0

Answer: No, because all of the defendant's facilities and offices are in State A.

Explanation:

Following the information given in the question, a federal district court cannot have subject matter jurisdiction over the plaintiff's action.

In this case, there's no subject matter jurisdiction by the court as theres subject matter jurisdiction when there is full diversity of citizenship, and the amount of controversy is more tha $75,000.

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Walters Corporation sells radios for $50 per unit. The fixed costs are $525,000 and the variable costs are 60% of the selling pr
Ede4ka [16]

Answer:

b. 26,000 units

Explanation:

We will calculate break even point as;

Break even point = Fixed expenses ÷ Contribution margin per unit

Where,

Fixed costs = $525,000 + $125,000 = $650,000

Also, Contribution margin per unit = Selling price per unit - Variable expense per unit

Selling price per unit = $50

Variable expense per unit

= 50% × $50

= $25

Contribution margin per unit

= $50 - $25

= $25

Therefore, the break even point in units

= $650,000 ÷ $25

= 26,000 units

8 0
3 years ago
Maya, who lives in California, just purchased her first home at a Trustee’s foreclosure sale. She was given a deed at the sale.
nevsk [136]

Answer:  Trustee's Deed

                             

Explanation: A trust deed in immovable property in the Americas refers to a legal instrument used to develop a significant stake in the immovable property under which legal title in capital assets is diverted to a trustee holding that as security for such a loan between a creditor and perhaps a lender.

From the perspective of the investor, a document of trust has a vital benefit as compared to a mortgage. If a borrower fails to pay on the loan, on part of the lender, the trustee has the right to repossess the land. Thus, from the above we can conclude that Maya would have been given a trustee's deed.

7 0
3 years ago
What are the accounting differences between cash and receivables from the perspective of a buyer? A seller? How are these differ
bogdanovich [222]

Answer:

From a buyer's perspective, a sale made on credit represents a liability. While a sale made on cash represents a decrease of current assets.

From a seller's perspective, a sale made on credit or cash increases current assets, but the possibility of a bad debt always exist, therefore, accounts receivables must be periodically adjusted due to bad debts.

If the seller or buyer uses accrual accounting system, the previous description holds, but if they use cash basis accounting, things change a lot. When use cash basis, transactions are recorded only when cash is exchanged, so accounts receivables do not actually increase assets (seller's perspective), and accounts payables do not increase liabilities (buyer's perspective).

6 0
2 years ago
How old can you be to get your license?<br>A) 16<br>B) 18<br>C) 19 ​
jekas [21]

Answer: 18

Explanation: Legal age to drive

7 0
3 years ago
Read 2 more answers
Sheena, marketing manager for Yaard-Vark Lawn Tractors, is interested in the relationship between the prices of lawn tractors an
AlekseyPX

Answer:

Exploratory

Explanation:

Sheena, marketing manager for Yaard-Vark Lawn Tractors, is interested in the relationship between the prices of lawn tractors and the level of sales. To test whether increasing prices will lead to a change in sales and, if so, how much of a change, she should use exploratory research.

Exploratory research is the kind of research where an unknown phenomenon is worked upon. In this case, Sheena does not know the effects of prices on sales. Therefore she carries out exploratory research to fill in the blanks.

4 0
3 years ago
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