Which of the following statements is true regarding the relationship of education to income?

The bases for an action in strict liability that are set forth in the Restatement (Second) of Torts Section 402A can be summariz

Alinara [238K]

Answer:

The answer is: NO OPTION IS COMPLETE

Explanation:

Option A is totally wrong (the product should have been defective), but options B through F are incomplete.

They should have been:

B) The defendant must normally be engaged in the business of selling (or otherwise distributing) that product.

C) The product must be unreasonably dangerous to the user or consumer because of its defective condition (in most states).

D) The plaintiff must incur physical harm to self or property by use or consumption of the product.

E) The defective condition must be the proximate cause of the injury or damage.

F) The goods must not have been substantially changed from the time the product was sold to the time the injury was sustained.

8 0

4 years ago

Municipal bonds are essentially the same as corporate bonds. Thus, the coupon (interest) rate set on a not-for-profit hospital b

hichkok12 [17]

Answer:

False

Explanation:

Since interest income from municipal bonds is exempt from federal taxes, and usually it is also exempt from state and local taxes, the coupon rate that they pay is generally lower than private or federal bonds.

If the coupon rate is the same for a municipal hospital than that of a private hospital, the real interest rate paid by the municipal bond is higher. For example, both pay a 10% coupon: if you own a municipal bond you will earn 10%, but if you own a private bond your net earning will be = 10% - federal income taxes (and state/local income taxes)

3 0

3 years ago

The following information is available for the month of April from the First department of the Armque Corporation: Units Work in

miskamm [114]

Answer:

Direct Materials = 340,000

Direct Labor = 304,000

Explanation:

The concept of equivalent units measures the number of units to the extend of completion of inputs added to outputs during the production.

The first step is to determine the units completed and transferred.

units completed and transferred = opening work in process + started during the year - closing work in process

= 90,000 + 250,000 - 60,000

= 280,000

then determine the equivalent units of production with respect to direct materials and conversion costs.

Direct Materials

Note : Materials are added in the beginning of the process thus 100 % in all categories.

units completed and transferred (280,000 × 100%) = 280,000

units of closing work in process (60,000 × 100%) = 60,000

Total = 340,000

Conversion Cost

units completed and transferred (280,000 × 100%) = 280,000

units of closing work in process (60,000 × 40%) = 24,000

Total = 304,000

5 0

4 years ago

Contracts are typically private agreements in that they bind the two parties and no one else. Thus, parties not in privity of co

umka2103 [35]

Answer:

The type of transfer of rights or duties described in this case is an assignment of contract rights.

Explanation:

Transfer of contract rights or duties may be either the assignment or the delegation of contractual rights and responsibilities to a third party. While assignment involves the transfer of rights or benefits from the assignor to the assignee, delegation involves the appointment of another party to perform one's duties under a contract.

4 0

3 years ago

The division's book value and fair value less cost to sell on December 31 were $3,000,000 and $3,500,000, respectively. What bef

Scilla [17]

Answer:

A $2,000,000 loss

Explanation:

See attached file

6 0

4 years ago

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