Answer:
The correct answer is letter "D": negligence per se.
Explanation:
Negligence per se is a U.S. doctrine that is applied when there has been a clear statute breach. It is applied mainly in cases where the defendant has caused harm to the plaintiff by violating a statue that should have been of knowledge to the defendant.
Answer: Cover up to $500 of liability
Explanation:
When one suspect that there has been unauthorized transactions in ones accounts which could be due to fraud, such business or person can make a complaint as soon as possible.
As soon as the report is made, the person is no longer in charge of the unauthorized use of such card. In a case whereby the loss is reported within two days, the liability is limited to $50 but when the report is made within 60 days after ones statement has been sent to the person or business, this may lead to a liability of $500.
Cover upto liability of $500. If the report is made within 60 days of receiving statement that shows fradulent transactions. If it is not reported within 60 days then the liability is unlimited.
Answer:
- FICA-social security taxes payable due in 40 days
- Portion of long term note due in 1 month
Explanation:
Current Liabilities refer to obligations owed in a 12 month period. Anything longer is classified as Long Term.
From the options listed the current liabilities will therefore be;
Sales Tax Payable which are the taxes that the government charges on goods and services and it is the responsibility of business to collect these and remit them to the Government on time. This is a current liability as these are remitted quite frequently.
The FICA social security taxes payable due in 40 days is also a current liability due its time period being less than a year.
A portion of a long term loan due in a month will be considered current also due to its time period.
Answer:
$26 and $5,345
Explanation:
The computation of the fixed cost and the variable cost per unit by using high low method is shown below:
Variable cost per unit = (High inspection cost - low inspection cost) ÷ (High units produced - low units produced)
= ($10,337 - $8,150) ÷ (192 units - 108 units)
= $2,187 ÷ 84 units
= $26
Now the fixed cost equal to
= High inspection cost - (High units produced × Variable cost per unit)
= $10,337 - (192 units × $26)
= $10,337 - $4,992
= $5,345
This is the answer but the same is not provided in the given options
Answer: $20,358.40
Explanation:
Find the present value of the $16,000 for the 8 years. This is an annuity so;
Present value = 16,000 * Present value interest factor of annuity, 8 years, 10%
= 16,000 * 5.3349
= $85,358.40
Subtract cost;
= 85,358.40 - 65,000
= $20,358.40
