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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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Employees earn vacation pay at the rate of one day per month. During the month of June, 10 employees qualify for one vacation da
Yakvenalex [24]

Answer:

B. Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500

Explanation:

Lets consider all the other options to eliminate them from our choice

Option A: The entry provided debits the vacation benefits expenses and credits the prepaid vacation benefits. The liability for the vacation credit earned by the employees during the month needs to be recorded so this is not an adjustment of an advance vacation benefit.

Option C: The required entry has nothing to do with taxes so not relevant.

Option D: The entry is to record the liability for vacations earned by the employees so an expenses has to be recorded.

Option E: The option reduces the liability and reduces the expenses which is against the requirement of  the question

5 0
2 years ago
When you ask questions about the animal's drinking habits, particularly increases and decreases in water consumption, you're col
balandron [24]
The excretory system is related to the increase or decrease in the consumption of water by an animal. The increase or decrease is due to the variation in the antidiuretic hormones in the humans. The retention and excretion of excess water and ions are performed by the kidneys, which is a part of the excretory system. 
7 0
2 years ago
In the spring of 2015, the Brille Corporation was involved in issuing new common stock at a market price of $35. Dividends last
Alecsey [184]

Answer:

Ke 0.09787234 = 9.787234%

Explanation:

$Cost of Equity =\frac{D_1}{P(1-f)} +g

D1 $1.575  (we need to calculate this year dividends so we multiply previous                  year by the growth rate) 1.50 * ( 1+ 0.05) = 1.575

P $35

f 0.06

g 0.05

$Cost of Equity =\frac{1.575}{35(1-0.06)} +0.05

Ke 0.09787234

7 0
2 years ago
Changing workplace procedures tends to be counterproductive
andre [41]
On the off chance that finished with care and thinking ahead, changing work methodology can build profitability. Be that as it may if done shamefully, doing as such can without much of a stretch be counter profitable. 
This incorporates knowing the dangers of their occupations and their work environment and knowing how to control these risks. Having composed safe work practices and techniques is a fundamental part of an OH&S program. A training is an arrangement of rules to enable specialists to play out an assignment that may not require a well-ordered strategy.
8 0
2 years ago
A company issued 5-year, 7% bonds with a par value of $500,000. The market rate when the bonds were issued was 6.5%. The company
san4es73 [151]

Answer:

The correct answer is $17,000.

Explanation:

According to the scenario, the given data are as follows:

Bonds percent = 7%

Par value of bonds = $500,000

Market rate = 6.5%

Cash received = $505,000

So, we can calculate the amount of recorded interest for semiannual interest period by using following formula:

First we calculate the premium on bonds,

So, Premium on bonds = Cash received - Par value of bonds

= $505,000 - $500,000

= $5,000

So, straight line amortization = Premium on bonds ÷ years

= $5,000 ÷ 5

= $1,000

So, Amount of interest expense for first semiannual is as follows:

Amount of interest = ( Par value of bonds × Bonds percent ) ÷ 2 - (straight line amortization ÷ 2)

= ( $500,000 × 7% ) ÷ 2 - ( $1,000 ÷ 2 )

=  $17,500 - $500

= $17,000.

4 0
2 years ago
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