Which phase of the business cycle would be most closely associated with an economic contraction?.

Steel mill inc. Makes steel forms of substandard quality. Tower building company has never bought or used a steel mill form, but

rjkz [21]

The best ground on which the defendant ( Company S ) can dismiss the suit filed by the plaintiff (Company T) is the standing to sue.

<h3>What is standing to sue?</h3>

Standing to sue refers to a situation where the plaintiff who has filed the case must prove with appropriate proof of having damages or injuries in respect of the conduct of the defendant.

In the provided case, Company T has to prove that the products of Company S are actually defective through appropriate evidence. If Company T can't able to prove their alleged claim before the court, then the case is decided in the favor of the defendant party, that is, Company S.

Therefore, the standing to sue can be used as a ground by Company S for dismissing the claim of Company T.

Learn more about the standing to sue in the related link:

brainly.com/question/14820416

#SPJ4

4 0

2 years ago

The maximum amount of a product that sellers are willing and able to provide for sale over a relevant range of prices, holding a

Vera_Pavlovna [14]

Answer:

SUPPLY

LAW OF SUPPLY

Explanation:

Supply is the buyer's ability & willingness to sell at a given price, period of time.

Law of Supply states : Positive relationship between price & quantity demanded, other factors remaining constant. It implies higher price increases supply, lower price decreases supply (other factors same)

3 0

2 years ago

Using supply/demand analysis and words, demonstrate what a weakly enforced antiscalping law would likely do to the price of tick

erastova [34]

Full question:

In some states and localities, scalping is against the law although enforcement is spotty

A. Using supply/demand analysis and words, demonstrate what a weakly enforced antiscalping law would likely do to the price of tickets.

B. Using supply/demand analysis and words, demonstrate what a strongly enforced antiscalping law would likely do to the price of tickets

Answer and Explanation:

A. For the first scenario, a weakly enforced antiscalping law would still allow the resale of tickets as it is not enforced properly. Therefore it's effect on price would remain as though there were no laws restricting scalping( scalping: price increase created by artificial shortage and bulk resale of tickets) . See the attached diagram for the supply and demand curve and price increase as a result of a weak antiscalping law

B. For the second scenario, scalping has no effect on price as antiscalping laws are strong and therefore there is no scalping. Price remains the same and does not change.

In diagram A for first scenario price increases from p1 to p2 and quantity decreases from q1 to q2 to indicate increase in price and quantity decrease for shortage respectively. This shows the effect of scalping on the market with weak antiscalping laws

In diagram B, price and quantity remain the same to show strong antiscalping laws

7 0

2 years ago

The high entry barriers in a given industry

arlik [135]

Answer:

1. Economies of scale.

2. Capital requirements.

3. Product differentiation. 

6 0

3 years ago

During its first year of operations, Bramble Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,200

crimeas [40]

Answer and Explanation:

The journal entries are shown below:

a.

On Jan 10

Cash Dr $100,800 (25200 shares × $4 )

To Common Stock $100,800

(Being the common stock is issued)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder so common stock is credited

On July 1

Cash $357,000 (51,000 shares × $7)

To Common stock $204,000 (51,000 shares × $4)

To Additional Paid in capital in excess of par value - Common stock $153,000 (51,000 shares × $3)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

b.

On Jan 10

Cash $100,800 (25,200 shares × $4)

To Common stock $25,200 (25,200 shares × $1)

To Additional Paid in capital in - Common stock $75,600 (25,200 shares × $3)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

On July 1

Cash $357,000 (51,000 shares × $7)

To Common stock $51,000 (51,000 shares × $1)

To Additional Paid in capital in - Common stock $306,000 (51,000 shares × $6)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

8 0

3 years ago