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astra-53 [7]
1 year 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]1 year 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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Russell spends an hour studying instead of playing basketball. Russell’s willingness to study is due to the fact that he... Your
love history [14]

Answer:

c. feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.

Explanation:

Russel made a choice to study for an hour instead of playing basketball. When making choices people weigh the benefits of an action against its opportunity cost.

Opportunity cost is the forgone alternative when we choose to do something.

In this instance Russell chose to study and the opportunity cost was to enjoy playing a basketball game.

For him to choose to study it means he saw the benefit of reading to be greater than the marginal cost of playing basketball. So he chose the most beneficial activity for him.

4 0
2 years ago
Read 2 more answers
In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T
Anastasy [175]

Answer:

2021: revenue    3,000,000

         gross profit    510,000

2022: revenue    4,800,000

         gross profit    816,000

2023: revenue    2,200,000

         gross profit    374,000

2022 journal entries:

construction in progress  3,984,000 debit

        various account           3,984,000 credit

--to record cost incurred--

account receivables 4,444,000 debit

     unearned revenue     4,444,000 credit

--to record billed amount

cash   3,900,000 debit

  account receivables 3,900,000 credit

--to record cash collection--

unearned revenue  4,800,000 debit

   construction revenue   4,800,000 credit

---to record earned revenue according to

percentage of completion method---

Explanation:

2021:

incurred 2,490,000

total cost estimated:

2,490,000 + 5,810,000 = 8,300,000

<u><em>percentage:</em></u> 2,490,000 / 8,300,000 = 30%

revenue 10,000,000 x 30% = 3,000,000

cost 2,490,000

gross profit 510,000

2022:

incurred 3,984,000

total cost: 2,490,000 + 3,984,000 + 1,826,000 = 8,300,000

<em><u>percentage: </u></em>3,984,000 / 8,300,000 = 48%

revenue  10,000,000 x 48% =  4,800,000

cost        <u>  3,984,000</u>

gross profit  816,000

2023:

completed:

remaining revenue: 100% - 48% - 30% = 22%

10,000,000 x 22% = 2,200,000

cost  incurred    1,826,000

gross profit  374,000

3 0
1 year ago
Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of inf
KATRIN_1 [288]

Answer:

C) COLA plus 2.4%

Explanation:

COLA stands for cost of living increase. It refers to the amount that Social Security benefits increase according to inflation rate. This way the Social Security payments should not lose purchasing power against rising inflation, because if inflation rises, the COLA will also increase.

In this case, Nancy's union negotiated an agreement by which the union members' salaries would be 2.4% higher than COLA increases, so they will be 2.4% higher than inflation rate.

3 0
1 year ago
A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to
ddd [48]
TRUE. A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to test its contingency plans
3 0
2 years ago
Stuart McFarland is sales manager for a hotel. His job entails leading, motivating, and communicating with employees. McFarland’
rjkz [21]

Answer:

E. Leadership

Explanation:

Leadership refers to the concept in which the manager or a team leader motivates, leading, communicated with the employees to accomplish  common goals and objectives so that the employees could perform better next time at less wastage

Therefore the given scenario represents the leadership management activity

6 0
2 years ago
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