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Ad libitum [116K]
2 years ago
4

After an argument with his wife, Russell Pelo bought a shotgun and made threats of self-harm. In accordance with state law, he w

as detained in a hospital psychiatric unit for examination after a federal judge found him seriously mentally impaired. After Pelo was released, he refused to pay the hospital bill or allow his health insurer to pay it. When sued for the hospital bill, Pelo said he should not have to pay because he did not want to be hospitalized. Must he pay for services he did not want? Justify your position.
Business
1 answer:
telo118 [61]2 years ago
7 0

Answer:

This was a real case that took place in Iowa during 1995, and the court ruled against Pelo since he is responsible for paying the private hospital bill under a contract implied in law. A contract implied in law is defined as any contract that doesn't require a party's explicit acceptance. Contracts implied in law do not require a bargaining process due to special circumstances.

Explanation:

This makes sense, since no seriously injured patient is able to give express consent to a hospital so that they can cure him/her. It is the hospital's duty to take care of patients even if they are conscious or not, or even if they do not wish to be treated, cured or even saved. Therefore, the patients are liable for the expenses even if they didn't agree with them.

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Pablo Company has budgeted production for next year as follows: Quarter First Second Third Fourth Production in units 60,000 80,
KiRa [710]

Answer:

Budgeted purchases for second quarter is 165000 pounds

Explanation:

The per unit requirement of material A is 2 pounds.

We first need to calculate the closing inventory of Material A at the end of first quarter and at the end of second quarter.

<u />

<u>End of first quarter</u>

The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 40000 pounds.

Production requirement - Second quarter = 80000 * 2 = 160000

25% of 160000 = 40000 pounds

<u />

<u>End of second quarter</u>

The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 45000 pounds.

Production requirement - Second quarter = 90000 * 2 = 180000

25% of 180000 = 45000 pounds

Budgeted Purchase -Second quarter = Closing Inventory in pounds + production in pounds - Opening Inventory in pounds

Purchase requirement - First quarter = 45000 + 160000 - 40000 = 165000 pounds

5 0
2 years ago
Read 2 more answers
A company needs $8 million in new capital for expanded composites manufacturing. It is offering small-denomination corporate bon
Softa [21]

Answer:

nominal interest rate = 4% annual

effective interest rate =  5.56% annual

Explanation:

the bond's nominal rate is basically the coupon rate

to calculate the bond's effective interest rate we must calculate its yield to maturity:

YTM = [coupon + [(face value - present value) / n]} / [(face value + present value) / 2]

  • coupon = $1,000 x 4% x 1/2 = $20
  • FV = $1,000
  • PV = $800
  • n = 40

YTM = [20 + [(1,000 - 800) / 40]} / [(1,000 + 800) / 2]

YTM = 25 / 900 = 2.777 semiannual ⇒ 5.56% annual

6 0
2 years ago
The marginal utility from the first three bananas consumed are: 19, 15, and 5 respectively. The marginal utility from the first
Allushta [10]

Answer:

If the sales target is $6, the consumer must buy one pair's cheap sandal because it gets a maximum value of 20 per $spent.

Explanation:

The computation of maximize utility is shown below:-

         Bananas              Pizza                   Cheap Sandals  

Units MU MU/Price MU MU/Price MU MU/Price

1            19   19                  48   16                 120    20  

2            15   15                  33    11                   30     5  

3             5    5                   3        1                     6      1

If the sales target is $6, the consumer must buy one pair's cheap sandal because it gets a maximum value of 20 per $spent.

3 0
2 years ago
Cynthia hates writing term papers and reports, so when she receives an assignment to write a paper for her law class, she calls
klasskru [66]

Answer: Vicarious infringement

Explanation:

Vicarious infringement is a term used in legal processes to describe the Liabilities of which a person or an organisation incurs or inherits as a result of the infringement acts of another person, the other person may be a person's agent who represents him in certain circumstances.

VICARIOUS INFRINGEMENT IS THE SAME FOR BOTH COPYRIGHT AND TRADEMARK LAWS.

5 0
2 years ago
Between projects A and B, project A will be considered a superior financial undertaking if it has:
Mashutka [201]

Answer:

A. a shorter payback period than project B.

Explanation:

Payback period is the period when the investment value is fully recovered through the business.

Hence the shorter the payback period, the better it is because this means that the return on investment in earned at a greater pace.

Hope this clear things up.

Good luck.

8 0
2 years ago
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