13

A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signed the con

Katen [24]

Answer:

The Home owner commenced the action in a state A court ( C )

Explanation:

The Defendant ( the contractor) can decide to transfer the case from a state court to a federal court within the same state in which the case was filled by the The home owner if the federal court has the Jurisdiction to rule on the case

Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.

6 0

3 years ago

Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on Janu

Romashka [77]

Answer:

D) $32,624,514.

Explanation:

Installments (A) = $10,070,000

Principal due (B) = $39,169,279

Interest Payment (C) =B x 9% = $39,169,279*9%

Interest Payment (C) = $3,525,235

Principal Payment (D) = A - C

Principal Payment (D) = $10,070,000 - $3,525,235

Principal Payment (D) = $6,544,765

Total Due (E) = B - D

Total Due (E) = $39,169,279 - $6,544,765

Total Due (E) = $32,624,514

So, after the first payment was made, the note payable liability on December 31, 2016 is closest to $32,624,514

7 0

3 years ago

Times interest earned is calculated by:

pickupchik [31]

Answer:

C) Dividing income before interest expense and income taxes by interest expense.

Explanation:

Times interest earned is the interest coverage ratio. This explains how many times a company is able to cover its interest expense as relative to its income.

This is calculated by Dividing income before interest expense and income taxes by the interest incomes. This basically conveys signals about the performance of the company and its solvency by finding a performance measure of how many times a company can pay off its debt obligations.

A higher interest times earned metric means a healthier firm.

Hope that helps.

7 0

3 years ago

The idea that managers tend to communicate more with other managers who share similar beliefs and experiences is indicative of w

Ghella [55]

Answer:

Horizontal Communication Line

Explanation:

Horizontal communication flows as the name implies is form of communication from managers who are on the same level in the organization. This type of trend of communication allows managers to interact with other managers without involving subordinates at the other different levels in the organization.

8 0

4 years ago

A company incurred the following costs: Selling and administrative expenses: $45,000; Direct materials: $15,000; Income tax expe

Westkost [7]

Answer:

$50,000

Explanation:

<em>Manufacturing cost is sum of direct material plus direct labour and manufacturing overhead</em>

Direct material is the cost of all materials directly consumed for production purpose.

Direct labour is the cost of labour hours used for directly for production purpose

Manufacturing cost = 15,000+30,000 + 5000

=$50,000

5 0

3 years ago