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blsea [12.9K]
2 years ago
3

While driving down his street one evening, Jonah notices that his neighbor has laid out an electric fan for the garbage to pick

up the next morning. Jonah stops and has a look at the fan; it seems to be perfectly fine, so he takes it home with him. The fan would most likely be considereda. lost property.
b. mislaid property.
c. abandoned property.
d. None of these are correct.
Business
1 answer:
tia_tia [17]2 years ago
4 0

Answer:

The answer is option B) The fan would most likely be considered mislaid property.

Explanation:

Mislaid property fall among the categories of the common law of property which deals with personal property or chattel which has left the possession of its rightful owner without having directly entered the possession of another person.

Mislaid property refers to a property that has been left intentionally in a certain place and later forgotten. When a property is left in a certain place by the owner with an intention to take it later and if the owner finds it difficult to locate the property later.

Jonah's neighbor's fan falls into the category of mislaid property because, It seems to be perfectly fine and was intentionally laid out by his neighbor.

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Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is av
Ivenika [448]

Answer:

                                                             Product G           Product B

Selling price per unit                              $120                   $160

Variable costs per unit                            $40                    $90

Contribution margin per unit                  $80                    $70

Machine hours per unit                    0.4 hours              1.0 hours

Max. unit sales per month               600 units              200 units

machine operate 8 hours per day during 22 days per month, total hours of machine work per month = 176

                                                         Product G             Product B

Machine hours per unit                    0.4 hours              1.0 hours

Contribution margin per                    $200                      $70

machine hour

number of hours needed to               240                      200             440

produce maximum sales                                                                  in total

Currently the company should only produce Product G, since it is able to produce 440 units per month and that generates a contribution margin of $35,200.

If the company decides to produce in two shifts, then it should produce 600 units of Product G (using 240 machine hours) and use the remaining 112 machine hours to produce 112 units of product B. This will generate a total contribution margin of: $48,000 +$7,840 = $55,840.

The additional contribution margin generated = $55,840 - $35,200 = $20,640, which is higher than the additional costs generated by working in two shifts. The second shift will increase the company's p´profits by $5,640 (= $20,640 - $15,000).

8 0
2 years ago
Brad earns $1,586 per month. According to the renter’s rule, his monthly rent should be no more than_______
riadik2000 [5.3K]

Explanation:

the renter's rule is that the rent should be no more than 30% of the income for the same period of time.

therefore 30% of $1,586 = $475.80

The rent should be no more than $475.80

3 0
2 years ago
Auto parts manufacturer JEG Inc. has a number of vacancies at lower management levels and wants to fill the positions from withi
Ainat [17]

Answer:

B)Unqualified applicants will need explanations about why they did not get the job.

Explanation:

From the question we are informed Auto parts manufacturer JEG Inc. who has a number of vacancies at lower management levels and wants to fill the positions from within the company itself rather than recruit externally. The company plans to e-mail the job specifications to all employees and post the jobs on the company Web site. In this case, what could weaken the company's decision, is that Unqualified applicants will need explanations about why they did not get the job.

7 0
1 year ago
Sales are $1.44 million, cost of goods sold is $570,000, depreciation expense is $144,000, other operating expenses is $294,000,
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Answer:

Times Interest earned ratio is 4.41 times

Explanation:

Times interest earned ratio measure the business capability to pay the interest over its liabilities from its current earning.

As interest expense value is not given it is calculated by the net of Earning before interest and tax and Income before tax

Net Income = Addition to Retained Earning + Dividend Paid = $133,100 + ( 84,000 x $1 ) = $133,100 + $84,000 = $217,100

Income before tax = $217,100 x 100% / ( 100% - 35%) = $334,000

Earning before interest and tax = Sales - Cost of goods sold - depreciation expense - other operating expenses = 1,440,000 - 570,000 - 144,000 - 294,000 = $432,000

Interest Expense = Earning before interest and tax - Income before tax = $432,000 - 334,000 = $98,000

Times Interest earned ratio = Earning before Interest and tax /  Interest expense = $432,000 / $98000 = 4.41 time

4 0
2 years ago
Hendricks Ceramics sells items it buys from ceramic factories. If it were to purchase one of these factories, it would be engagi
almond37 [142]

Answer:

Backward vertical integration

Explanation:

In the backward vertical integration, the company acquires the company or step in the manufacturing of the supplier product or acquiring companies that bring it more nearer to the orignal supplier. The company remains within the same industry and moves towards supplier. In this case the company has acquired its supplier factories which shows moving investment in the backward direction which leads to suppliers and vertical means in the same industry. So the company is engaged in backward vertical integration.

8 0
2 years ago
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