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Misha Larkins [42]
2 years ago
11

After a dinner at Rosario’s Italian Eatery, Stephanie believes that she was overcharged and shoves Thom, the waiter. Thom sues S

tephanie, alleging that the shove was a battery. Stephanie is liable
Business
1 answer:
Afina-wow [57]2 years ago
8 0
<span>Stephanie is indeed liable, as she made first contact with an intent of violence. Thom did not respond physically, and therefor retains his right to sue Stephanie for any damages made to him, physically or emotionally.</span>
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Hassock Corp. produces woven wall hangings. It takes 2 hours of direct labor to produce a single wall hanging. Hassock’s standar
Anastasy [175]

Answer:

Direct labor rate variance= $3,630 favorable

Explanation:

Giving the following information:

Standard production= 2 hours per unit

Standard labor cost= 14 per hour.

During August, Hassock produced 12,000 units and used 24,200 hours of direct labor at a total cost of $335,100.

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 335,100/24,200= $13.85

Direct labor rate variance= (14 - 13.85)*24,200= $3,630 favorable

6 0
2 years ago
At a time when demand for ready-to-eat cereal was stagnant, a spokesperson for the cereal maker Kellogg’s was quoted as saying,
larisa86 [58]

Answer:

for interest rates equal to or lower than 200%, the firms will use trigger strategies to support the collusive level of advertising

Explanation:

Using the below expression to determine the range of interest rates could these firms use trigger strategies to support the collusive level of advertising; we have:

\frac{current \ period's \ profit \ of \ the \ cheating \ firm \ - \  firm's \  profit \  in \ each \ period \ under \ collision  }{ firm's \ profit \ in \  each \ period \ under \ collision \ - \ profit \ in  \ each \ subsequent \ period \ of \ cheating \ firm  } \leq \frac{1}{i}

where;

the \ current \ period's \ profit \ of \ the \ cheating \ firm \ = \ 49

firm's \  profit \  in \ each \ period \ under \ collision  = \  9

\ profit \ in  \ each \ subsequent \ period \ of \ cheating \ firm  } = \ 1

Then :

= \frac{49-9}{9-1} \leq \frac{1}{i}

= \frac{40}{8}  \leq \frac{1}{i}

i \leq \frac{8}{40}

i \leq 200%

Thus; for interest rates equal to or lower than 200%, the firms will use trigger strategies to support the collusive level of advertising

6 0
2 years ago
Susie is thinking about changing her auto insurance policy at Fret-No-More Auto Insurance. Her current policy includes the follo
k0ka [10]

Answer:

Changes that would increase Susie’s limits the most without increasing her monthly premium by more than $5.00 is Option C: Increase coverage on bodily injury to $100/300,000 and on property damage to $50,000.

Explanation:

Lower coverage does not necessarily means lower premiums.

Premium is the amount of one makes to keep his insurance policy active. Lower coverage would mean lower premium but that means there would be a few restrictions on the insurance policy while covering that policy.

Full coverage policies of the vehicle not only covers the liabilities but also the damage that occurs to the car.

If Susie increases the 'coverage' on the injury of the body to '$100/300,000' and on property damage to '$50,000', then her monthly premium would not increase from more than $5.00.

7 0
2 years ago
Economists call pensions "defined benefits" plans, because:
xxMikexx [17]

Answer:

The correct answer is letter "B": pensions have traditionally been set as a fixed nominal dollar amount per year at retirement.

Explanation:

Pensions are retirement plans employees enroll during their working years. There are different types of pensions being the most common the <em>401(k), Individual Retirement Account (IRA), </em>and <em>Roth IRA</em> each one with particular features. What all of them have in common is that they allow retired individuals to receive a fixed stream of income per year after they officially stop working. Therefore, that is the reason why economists call pensions as "<em>defined benefits</em>" plans.

4 0
2 years ago
Journalize the following inventory merchandise transactions for both Sampson and Batson, assuming that the both Sampson and Bats
grigory [225]

Answer:

Explanation:

The journal entries are shown below:

In the books of Sampson Company

a. Accounts receivable A/c Dr $46,000

        To Sales revenue $46,000

(Being merchandise is sold on a credit basis)

b. Cost of goods sold A/c Dr $38,500

        To Merchandise inventory A/c $38,500

(Being cost of merchandise is recorded)

c. Cash A/c Dr $45,080

   Sales discount A/c $920                                        ($46000 x 2%)

            To Accounts receivable A/c $46,000

(Being cash is received is recorded)

In the books of Batson Company

a. Merchandise inventory A/c $46,000

         To Accounts payable A/c $46,000

(Being merchandise is purchased on credit basis)

b. No journal entry is required

c. Accounts payable A/c Dr $46,000

              To Merchandise inventory A/c $920                  ($46000 x 2%)

              To Cash A/c $45,080

(Being cash is paid is recorded)

8 0
2 years ago
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