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Allushta [10]
4 years ago
5

Susan threw away in the garbage an old chair that had been in her family for many years by placing it on the curb with the rest

of the trash. alma came by and began to admire the chair. although the chair was heavy, alma picked it up and called to a friend saying that she had just found an antique chair. when susan heard this, she demanded the return of the chair. the chair belongs to: susan unless alma can show susan gave it to her. susan because there was no intent to make a gift. alma because anything one finds belongs to the finder. alma because susan abandoned it and alma took possession of it.
Business
1 answer:
rewona [7]4 years ago
5 0

Answer:

It belongs to Alma because Susan abandoned it and Alma took possession of it

Explanation:

By common law, Alma is a person who has found an abandoned property and she may claim it. To do this, she has to take some definite steps to show her claim. Alma can claim this abandoned piece of chair by taking it into her house, or by placing a sign on it to show that she now owns it.

If Susan was to take this to court, the court would determine the kind of item and where it was found to determine if Alma has a right to it. But since it was found in a dump site she now has the right to it.

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zlopas [31]

Answer:

The price of the 1975 golf ball in 2005 is $0.55

Explanation:

In this question, we are asked to calculate the price of a golf ball in the year 2005 which was bought in the year 1975.

Before we begin to answer, we have been seeing CPI, what could this mean?

The term CPI stands for consumer price index. It refers simply to the change in price of a particular goods or services over a specific period of time.

Now, we mathematically propose a solution to the problem as follows;

We identify the following;

CPI in 1975 = 52.3

CPI in 2005 = 191.3

We now calculate the CPI change between the years. This can be done by dividing the CPI in the year 1975 by the CPI in the year 2005. Mathematically;

CPI change between years = CPI IN 1975/ CPI in 2005

= 52.3/191.3

= 0.273

Now, we proceed to calculate the price of the 1975 ball in 2005.

Mathematically;

A 1975 golf ball’s cost in 2005 = CPI change * price of golf ball in 2005

= 0.273 * 2

= $0.55

7 0
4 years ago
Read 2 more answers
A company purchased an asset for $3,600,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The d
suter [353]

Answer:

$266,760

Explanation:

According to the problem, calculation of the given data are as follows,

Purchase value =  $3,600,000

Depreciation for 1st year = 33.33%

Depreciation for 2nd year = 44.85%

Depreciation for 3rd year = 14.81%

So,  Book value = Purchase value × ( 1 - depreciation of all years)

By putting the value we get,

Book Value = $3,600,000 × ( 1 - 33.33% - 44.45% - 14.81% )

= $266,760

6 0
3 years ago
Hayek Bikes prepares the income statement under variable costing for its managerial reports, and it prepares the income statemen
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Answer:

Under absorption costing ,net operating income = $63625

Explanation:

<u>     Cost per unit:</u>

   Variable cost per unit = 675  per unit (a)

 Fixed cost per unit    = Fixed overhead cost /uits produced = 63000/350

                                   = 180 per unit     (b)

Total cost per unit =  (a)+(b)= 675+180= 855 per unit                        

       

                                        Hayek Bikes

                                       Income statment

                                 ( Absorption costing)

                                                                                                                 $

Sales (225 * 1625)                                                                             =  365625

less: <u>Cost of goods sold:</u>

       (225 * 855)                                                                                   = <u>(192375)</u>

                               Gross profit                                                             173250

Less: variable selling and administraive expense  14625

          Fixed selling and admintrative expense      <u>95000   </u>

                                                                                                              =(<u>109625</u>)

                Net operating income                                                            63625

                       

5 0
3 years ago
After choosing among several computer server systems, the Director of Information Systems feels very positive about the final ch
Alekssandra [29.7K]

Answer:

confirmation bias

Explanation:

Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms or strengthens one's prior personal beliefs or hypotheses. It is a type of cognitive bias.

3 0
3 years ago
Which would be an example of a government price ceiling?
Arada [10]

Answer:

The correct answer is letter "B": limits on interest rates charged by credit card companies.

Explanation:

A Price Ceiling is a maximum amount a seller can charge for a product or service. A regulating authority -usually the local government- enforces price ceilings and they are typically set to protect low-income consumers for being priced-out of markets of essential goods and services.  

Apartments provide a common example. Some cities provide price ceilings on what the landlords can charge for rent. A price ceiling in credit card interest rates would all into this category as well.

6 0
4 years ago
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