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tamaranim1 [39]
2 years ago
12

DFA, a Kansas cooperative, has its principal place of business in Kansas City, Missouri. Bassett, an international commodities b

roker and a Canadian corporation, has its principal place of business in Toronto, Ontario. Bassett is not qualified to do business in Missouri; has no agent for service of process, offices, property, bank accounts, telephone listings, or employees there; and does not advertise or promote its business there. Between July 2009 and February 2011, Bassett purchased more than 3.5 million pounds of dairy products from DFA in about 80 transactions totaling $5 million. The parties did not have a long-term contract, agreeing to each transaction individually by phone. Bassett communicated by phone and email with DFA's Missouri headquarters about delivery and billing. Bassett stopped paying on his account at DFA and DFA sued Bassett in Missouri for failure to pay. The district court dismissed the suit for lack of personal jurisdiction. The total amount due on the account was $220,000. ​
What type of case is this?
a. Court of claims
b. Civil matter
c. Bankruptcy matter
d. Small claims
Business
1 answer:
RideAnS [48]2 years ago
8 0

Answer:

The given case is a Civil Matter case.

Explanation:

Civil cases often involve individuals or organizations such as companies, generally regarding disputes over money - or any species of capital. A case of civil matter usually begins when one person or business  - the plaintiff -claims to have been prejudiced by the actions of another individual or organization - the defendant. The plaintiff then requests the court for deliverance by filing a complaint and starting a court case. The plaintiff may ask the court: 1. To award damages (money compensation); 2. For an injunction, to limit or require compulsory actions from the defendant; 3. To issue a declaratory judgment, in which the court determines the parties' rights under a contract or statute.

Eventually, to mitigate the case, the court - a judge or a jury - will determine the facts of the case and apply the appropriate legislation to it. Then, the court - or jury - will determine which legal consequences will occur given the parts' conducts.

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Market-skimming prices make sense under the following conditions EXCEPT if ________. a. there is a sufficient number of buyers w
earnstyle [38]

Answer:

c.

Explanation:

the product is a "me-too" and contains no new technology or points of difference

Price skimming is a pricing strategy in which a marketer sets a relatively high initial price for a product or service at first, then lowers the price over time

3 0
2 years ago
Accompanying a bank statement for Marsh Land Properties is a credit memo for payment on a $15,000 one-year note receivable and $
SVETLANKA909090 [29]

Answer:

Explanation:

The  journal entry is shown below:

Cash A/c Dr 15,900

To Notes Receivable A/c $15,000

To  Interest Revenue A/c $900

(Being cash is collected with respect of notes receivable and interest revenue)

For recording this transaction, we debited the cash account and credited the notes receivable and interest revenue account

4 0
2 years ago
Thompson Aeronautics repairs aircraft engines. The company’s Purchasing Department supports its two departments, Defense and Com
Rudik [331]

Answer:

a.  cost charge to each division using number of purchase orders as basis of allocation

total cost =  $7.7million

Total number of orders

Defense division =        9,200

Commercial division  = <u>36,800</u>

                                       <u>46,000</u>

cost per order =  $7,700,000/ 46,000

                         =   $167.74

Defense division =  $167.74*9,200 = $1,540,000

Commercial division  = $167.74 * 36,800 = $6,160,000

b. Cost charge to each division using dollar amount of purchases as basis of allocation

Total amount of purchase by the departments

Defense division =       $148,000,000

Commercial division=    <u>222,000,000</u>

                                       <u>370,000,000</u>

cost per division :

Defense division    =   <u>$148,000,000 </u>    * $7,700,000

                                     $370,000,000

                              =  $3,080,000

Commercial division =    <u>$222,000,000</u>    *   $7,700,000

                                        $370,000,000

                                   =   $4,620,000

c.  The method used in determining the price by each division does not have any impact in the selection of basis of allocating cost to each division.

Explanation:

8 0
2 years ago
The Broom Maker currently has annual sales of $387,000 and is operating at 88 percent of capacity. The profit margin of 5.5 perc
densk [106]

Answer: $15,614.68

Explanation:

Sales are projected to grow by 4.8% the next year.

= 387,000 * ( 1 + 4.8%)

= $405,576

The Projected addition to Retained Earnings = Expected Sales * Profit Margin * Retention ratio ( amount that is not paid as Dividend)

= 405,576 * 0.055 * ( 1 - 0.3)

= $15,614.68

8 0
2 years ago
Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and
laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

4 0
2 years ago
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