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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:

You might be interested in
Norred Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.05 Direct labor $
Vikki [24]

Answer:

$134,300

Explanation:

From the question above, we are required to total amount of indirect manufacturing costs that was incurred by Norred corporation with the information that was provided

The first step is to calculate the total variable manufacturing overhead costs

= Variable manufacturing overhead × Units produced

= $1.60 per unit × 8,000 units

= $12,800

Therefore, the total amount of indirect manufacturing costs can be calculated as follows

   = Total variable manufacturing costs + Fixed manufacturing overhead

= $12,800 + $121,500

= $134,300

Hence the total amount of indirect manufacturing costs is closest to $134,300

8 0
2 years ago
You have two job offers. Alpha Firm offers a salary of $40,000 per year with no bonuses, while Beta Firmoffers a base salary of
ozzi

Answer:

$40,000 per year; $37,500 per year; $40,000.

Explanation:

From the question above, we are given the following parameters; Alpha Firm offers a salary = $40,000 per year + no bonuses, "Beta Firm offers a base salary of $35,000 per year with a 25% chance that you will receive an annual bonus of $10,000".

So, to answer the question,the expected salary of working for Alpha Firm will surely be = $40,000 per year.

At Beta Firm the expected salary is = $35,000 + 0.25($10,000) = $37,500.

Therefore, if I was risk neutral, the expected value of the year bonus offered by Beta Firm would need to be at least $40,000 for me not to be indifferent to the choice between the two options.

4 0
1 year ago
Orlando wants to become a Certified Public Accountant. Which career cluster is he interested in?
AleksAgata [21]
Business, Finance & Accounting. 
8 0
2 years ago
Read 2 more answers
A company has two departments, Y and Z that incur delivery expenses. An analysis of the total delivery expense of $9,000 indicat
noname [10]

Answer:

B) $4,200; $4,800

Explanation:

total delivery expense = $9,000

                                                       Dept. Y                           Dept. X

direct expenses                             $1,000                                   $0*

indirect expenses             ($8,000 x 40%)               ($8,000 x 60%)

<u>                                                       $3,200                           $4,800   </u>

total delivery expenses               $4,200                            $4,800

*Since no direct delivery expenses were generated by Dept. X, no amount should be allocated. Indirect expenses are allocated based on the percent generated by each department.

8 0
2 years ago
Consider two markets: the market for coffee and the market for hot cocoa·The initial equilibrium for both markets is the same, t
den301095 [7]

Answer:

The elasticity of supply for hot cocoa is 1.43.

(D) Supply in the market for coffee is less elastic than supply in the market for hot cocoa

Explanation:

Using the midpoint formula,

Elasticity of supply for hot cocoa = (change in quantity supplied/average quantity supplied) ÷ (change in price/average price)

change in quantity supplied = 101 - 31 = 70

average quantity supplied = (101+31)/2 = 66

70/66 = 1.06

change in price = 9.75 - 4.5 = 5.25

average price = (9.75+4.5)/2 = 7.125

5.25/7.125 = 0.74

Elasticity of supply for hot cocoa = 1.06 ÷ 0.74 = 1.43. The supply for hot cocoa is elastic because the elasticity of supply is greater than 1.

Elasticity of supply for coffee = (73 - 31)/(73+31)/2 ÷ 0.74 = 42/52 ÷ 0.74 = 0.81 ÷ 0.74 = 1.09. The supply for coffee is elastic because the elasticity of supply is greater than 1.

However, supply in the market for coffee is less elastic than supply in the market for hot cocoa because the elasticity of supply for coffee is less than that of hot coffee.

7 0
2 years ago
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