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MA_775_DIABLO [31]
2 years ago
12

Peter Plaintiff is citizen of Kentucky. He drives to Tennessee and purchases a lawn mover from Lousy Lawn Mowers, Inc. Peter Pla

intiff returns to Kentucky and is seriously injured when the lawnmower explodes during normal use. Lousy Lawn Mowers, Inc. does not do business in Kentucky and is incorporated in Delaware. May Peter Plaintiff bring a lawsuit against Lousy Lawn Mowers, Inc. in a state or federal court, and why?
Business
1 answer:
Juli2301 [7.4K]2 years ago
3 0

Answer:

state court.

Explanation:

  • It is a matter of diversity of citizenship between the two parties in different states. This case falls under federal jurisdiction only if the matter is federal law or statute, or if the amount is above $ 75,000.
  • This is a product liability case, which is a state case and is therefore being heard in state courts (Kentucky) because the plaintiff is a citizen of the state of Kentucky
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Imagine that Eveready has developed solar rechargeable batteries that cost only slightly more to produce than the rechargeable b
Law Incorporation [45]

Answer: Moderately slow introduction, followed by modest growth, gradually leveling off

Explanation:

The product life cycle is the time a product takes from the introduction stage to the decline stage when it's off the market.

Based on the above scenario, the product life cycle of this product will be moderately slow introduction, followed by modest growth, gradually leveling.

This is because since it's a new product, there will be a slow introduction as people will just be getting used to the product, then as customers begin to buy the product and it's brand becomes known, there'll be a modest growth before it levels off.

8 0
2 years ago
On January 1, Year 1, Price Co. issued $190,000 of five-year, 6 percent bonds at 96½. Interest is payable annually on December 3
Tasya [4]

Answer:

a) Cash received = $183,350

b) Interest expense = $12,730

c) Carrying value = $186,010

Explanation:

As per the data given in the question,

a) Face value of bond = $190,000

Issued at =0.965

Cash received = $190,000 × 0.965

= $183,350

b) Discount on bonds payable = $190,000 - $183,350

=$6,650

Annual amortization of discount on bonds payable =$6,650÷5

= $1,330

Cash interest = $190,000×0.60

= $11,400

Interest expenses = $11,400+$1,330

= $12,730

c)

carrying value = $183,350 + ($1,330 × 2)

= $186,010

6 0
2 years ago
Write 3 to 5 sentences explaining which levels of production provide Alonzo’s cycling with the maximum profit
Delvig [45]

The relationship between cost, revenue and profit can be presented using the formula:

Profit = Revenue - Cost

However, in the table given, the number of bikes produces varies. We cannot properly compare the profits per day. To be consistent, let us determine the profit per unit of bike produced. Simply divide the profit with the number of bikes produced (1st column). After you see the results, we can see that the highest profit is $17.5 per unit of bike produced. Therefore, the maximum profit can be attained when 4 bikes are produced each day.

8 0
2 years ago
Read 2 more answers
A customer has requested that Lewelling Corporation fill a special order for 1,900 units of product S47 for $41 a unit. While th
Mariana [72]

Answer:

Profit from sale of special order = $77,900 - $33,610 = $44,290

Explanation:

Being a special order and an added opportunity to its regular sales of S47, we will be looking at the Marginal Costs of accepting to produce the order:

Direct Material = $4.30

Direct Labour = $4.00

Variable Overhead = $3.60

Fixed Manufacturing Overhead = $6.30

Total Costs = $18.20

But, Fixed Costs is already covered/absorbed by our existing business; as such we need not include it in the costing of the special order

And there is an Additional investment in moulds = $11,000

Total cost of special order = ($18.20 - $6.30) x 1,900 units + $11,000

= $33,610

Sales of special order = 1,900 units x $41 =$77,900

Profit from sale of special order = $77,900 - $33,610 = $44,290

6 0
2 years ago
Ma Barker Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply man
seropon [69]

Answer:

The correct answer is option (A) $42.00

Explanation:

Solution

Given that:

The established rate  is given as = 100,000/40,000

= $2.5 per hour

Thus

The cost of the job is shown is shown below:

The direct material = $5,000

The direct labor = $2400

Then

The manufacturing overheard is = 400 * 2.5 = $1,000

So,

The total cost is = $5,000 + $2400 + $1000 = $8,400

To get our unit cost,

Unit cost = $8400/200 = $42.00

It is important to know that, the  number of labor hours used in jobs = Total labor cost/Rate per hour

=2,400/6 = 400 hours

8 0
2 years ago
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