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astra-53 [7]
2 years ago
12

Sal purchased a used toaster at a yard sale. The seller told Sal that although the toaster was more than 10 years old, she had n

ot had any problems with it. Sal takes the toaster home and uses it for a few months. One day, however, as Sal was using the toaster, it malfunctioned and caused a small fire in Sal's kitchen along with significant smoke damage. Sal decides to sue the manufacturer of the toaster and will do so within one month of the fire. What would likely be the manufacturer's best defense in a strict liability in tort action brought by Sal?
Business
1 answer:
inessss [21]2 years ago
4 0

Answer:

<em><u>The manufacturer of the toaster would argue from the point of view of the warranty offered for the toaster.</u></em> In most electronic products, the manufacturer offers warranty ranging from 1 year to 5 years.

<em>For the toaster to have worked for more than 20 years without any problem shows that it was a good product. And, the warranty must have expired hence the need not to be held responsible for whatever happened to it.</em>

Explanation:

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When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consum
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When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers.Businesses face Higher cost because the must alter existing infrastructure to<span> meet regulations. As a result, consumers pay more for the same produced goods.

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6 0
2 years ago
Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates.a. Several
Orlov [11]

Answer:

Key S - Scenario

      A - Accounting Principle or Assumption

S

Several years after Thomas Company purchased new office equipment, the company’s accounting records still show the original purchase price.

A

Historical cost principle

S

The home of Rob Elliot, the owner of GGE Enterprises Inc., is not listed among the company’s assets.

A

Business entity assumption

S

Despite several years of falling sales, Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses.

A

Going concern assumption

S

Thomas records expenses incurred to produce the sales for the month.

A

Expense recognition principle

S

GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer’s payment is recorded.

A

Revenue recognition principle

S

Thomas Company provides earnings information to investors at the end of every quarter.

A

Time period assumption

S

The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by a German firm.

A

Monetary unit assumption

Explanation:

5 0
1 year ago
The market interest rate related to a bond is also called the a.stated interest rate b.contract interest rate c.effective intere
never [62]

Answer:

The market interest rate related to a bond is also called the

c.effective interest rate.

Explanation:

Another name for the market interest rate is the current interest rate, the yield-to-maturity, or the effective interest rate.  One distinguishing factor is that the market interest rate is always changing whereas the stated interest rate does not change.  The stated interest rate is the interest rate  actually designated on the face of a bond, which determines the amount of interest that the bondholder receives. This means that the market interest rate is just the rate that investors demand to earn for lending their money to the company.

4 0
2 years ago
Devon had a starting balance of $54.00 in his savings passbook. He made these transactions: deposits of $54.87 and $86.35; withd
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Answer:

$125.22

Explanation:

5 0
2 years ago
Brewsky's is a chain of micro-breweries. Managers are interested in the costs of the stores and believe that the costs can be ex
Anna35 [415]

Answer:

Correct choice: D

Explanation:

Regression Equation = Intercept + Slope * Customer visits in a month

Estimated costs = 1496 + 2.08 * 1600 = 4824

5 0
2 years ago
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