The final answer is option C, 4.5 years, is the correct answer. To calculate the estimated cash payback period for the machine, we need to determine the number of years it takes for the net cash flows to recoup the initial investment.
The initial investment is $422,000, and the annual net cash flow is $93,000. To find the payback period, we divide the initial investment by the annual net cash flow:
Payback Period = Initial Investment / Annual Net Cash Flow
Payback Period = $\(422,000 / $93,000 = 4.54\)years
Rounding to one decimal place, the estimated cash payback period for the machine is 4.5 years.
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End of Chapter Problem There are three types of money: commodity money, commodity-backed money, and fiat money. Which type of money is used in each of the following situations
Economists classify money into four types: commercial money, fiduciary money, fiat money, and commodity money.
In colonial Australia, rum bottles were used to pay for commodities. Many European nations employed salt as a medium of trade. Germany utilized paper money (the "Rye Mark") that could be redeemed for a particular amount of rye, a sort of grain, for a certain period of time. Ithaca, New York, has its own currency, the Ithaca HOURS, that may be used to buy local products and services.
Sort each medium of trade by the sort of money it is:
Money made from commoditiesMoney backed by commoditiesFiat currencyTo know more about money:
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At a local play, student tickets cost $6 each and adult tickets cost $11 each. If ticket sales were $3,000 for 400 tickets, how many students attended the play?.
At a local play, student tickets cost $6 each and adult tickets cost $11 each. If ticket sales were $3,000 for 400 tickets, 280 students attended the play.
given data:
student tickets cost = $6
adult tickets cost = $11
total ticket sales = $3,000
tickets sold = 400
let us assume students is x
the cost of x ticket = 6 * x
the equation will be,
6x + 11(400 - x) = 3000
6x + 4400 - 11x = 3000
4400 - 5x = 3000
by subtracting with 4400 on both sides
4400-5x-4400=3000-4400
-5x = -1400
x = 280
so the students will be 280
A sale is a deal that involves exchanging products or services for a certain sum of money. Every firm depends on sales and marketing to succeed. Targeting a contact and creating leads for the company are the first steps in the sales process for BPO sales teams. They help to generate money since they are interconnected. In other terms, a sale is any action that includes giving the buyer possession of a thing or commodity in return for money. While sales transform views into profits by turning potential consumers into real customers, marketing focuses on increasing awareness of a brand and organisation.
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After the price floor is instituted, the Chairman of Productions Office buys up any barrels of gosum berries that the producers are not able to sell. With the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. How much producer surplus is created with the price floor? Show your calculations.
Answer:24,500 ; 28,000
Explanation:
Given the following :
Amount produced per month = 700 barrels
Amount sold by producers per month = 300 barrels
Price floor = $70
Producer surplus created with the price floor:
Producer surplus can be calculated thus :
Production amount × ( price difference) / 2, that is
Price difference = floor price - low price
Price difference = $70 - $0 = $70
700 × $70/2
700 × $35
$24500
If the chairman buys barrels producers aren't able to sell, the amount of gosum berries purchased by the chairman equals ;
(700 - 300) = 400
Amount spent by chairman =
Amount of gosum berries purchased × price floor
= 400 × $70 = $28,000
The producer surplus is created with the price floor is $24,500
The calculation is as follows:
Producer surplus = 1/2 ×(price floor - vertical intercept of supply curve ) × quantity produced by sellers
= 1/2 × (70-0)× 700
= $24,500
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What stories does marketing tell?
Storytelling advertising way the usage of a narrative to talk a message. The intention is to make the viewer sense something enough that it’ll inspire them to take action. Storytelling in advertising allows purchasers to understand why they need to care approximately something, and it really works to humanize your brand. if you want to analyze greater about messaging, view our logo message templates.
Storytelling in marketing isn't always restricted to film stories can be instructed in pics, verbally, or in written shape. and that they may be informed throughout all channels from social media to billboards. testimonies can help entrepreneurs acquire reduce-via in a market that’s by way of design distracting, growing advertising and marketing that resonates with humans and sticks.
if your emblem can create a powerful narrative, you’ll be able to seize your target audience’s interest for longer periods of time, make an extra memorable effect, and improve logo loyalty.
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"Risk aversion" implies that investors require higher expected returns on riskier than on less risky securities. a. True b. False.
The term "risk aversion" suggests that investors demand higher expected returns on riskier securities than on products with lower risk.
Describe risk aversion?One who choose a course of action that significantly reduces or limits the probability of loss fits the criteria of risk aversion in most contexts. For investors who look for opportunities to place their money in extremely conservative assets with historically low risks but low returns, the notion of risk aversion is more fluid in the financial world.
Who is a good illustration of a risk-averse investor?The most prominent example of someone who wants to minimize danger is a risk-averse investor. Investors are placing money into assets that they hope will increase in value. Those who are risk averse will opt for safety.
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An item is regularly priced at 70$. It is on sale for 20% off the regular price. What is the sale price?
ITS 7TH GRADE MATH BTW!
Answer:
it's 56.
Explanation:
70*0.8=56
Prompt
What is liability?
Read More >>
Answer:
jobless
Explanation:
someone who depend on other people
Which term describes a situation where the quantity of output rises, but the average cost of production falls?.
Economies of scale describe a situation where the quantity of output rises, but the average cost of production falls.
What do economies of scale result in a fall in?Economies of scale additionally result in a fall in common variable fees (average non-constant fees) with growth in output. this is brought about by means of operational efficiencies and synergies because of a boom within the scale of production.
Examples of economies of scale consist of accelerated purchasing power, community economies, and technical, economic, and infrastructural. While a firm grows too large, it may be afflicted by the alternative diseconomies of scale. that is wherein unit expenses start to grow to be extra high priced, due to increasing size.
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When shopping for your interview clothes, some trade-offs you face include: whether to get a job or not. choosing one brand of clothing over another. choosing one type of clothing over another. time and money that could be used on other things. The opportunity cost of buying new clothes is: time off from watching TV. the choice of what to wear. the choice of where to shop. money that could be spend elsewhere. The benefit of buying new clothes is: feeling better and having more confidence. learning about clothing options. being able to discard old clothes. finding the right sized clothing.
Answer:
time and money that could be used on other things
money that could be spend elsewhere.
feeling better and having more confidence
Explanation:
Trade off is the sacrifice that must be made in order to carry out a certain activity. By deciding to go shopping, i would be sacrificing time and money.
Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
The opportunity cost of buying new clothes is what I could have used the money to do instead
The benefits of buying new clothes are the advantages i would derive from owning the clothes
Why is it difficult to conduct a security cost-benefit justification for controls before an attack occurs?.
Because the benefits are hypothetical or, at the absolute least, extremely difficult to quantify and because similar changes in adversary characteristics can occur, it is difficult to do a security cost-benefit analysis of the controls prior to an assault.
What advantages come from evaluating an organization's security readiness?A cost-benefit analysis (CBA), which evaluates the benefits and losses of a project, is essentially a quantifiable and verified list of advantages and negatives. Because it reduces the complexity of the evaluation to a single price figure, CBA is a valuable method for evaluating commercial projects. Additionally, small businesses that undertake security improvement projects frequently struggle to comprehend the cost structures of their improvement initiatives and how to convert risk exposures into expenses that can be passed along to their clients.
Finding a vulnerability that you might not be aware of can be beneficial. They illuminate an organization's internal structure and any weaknesses it may have. A security that is based on risk recognizes that risks do not simply fall into high or low categories. Instead, they range from those that are so slight the organization may accept them without suffering to those that are so terrible they must be completely avoided.
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In the market for loanable funds, the __________ curve demonstrates the fact that as interest rates rise, people are willing to borrow less. As a result, this curve is __________.
In the market for loanable funds, the supply curve demonstrates the fact that as interest rates rise, people are willing to borrow less. As a result, this curve is steep slope.
What is supply curve?Supply curve is a graphical representation,it shows how price of a good or service is related to the quantity of goods and services supplied.
This is done for a given period of time.
Therefore, In the market for loanable funds, the supply curve demonstrates the fact that as interest rates rise, people are willing to borrow less. As a result, this curve is steep slope.
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How do you understand the multinational or transnational corporations cite examples?.
A multinational corporation is one that has operations and business locations in two or more different nations.
How do you understand the multinational or transnational corporations?An international company is one that has branches and operations in two or more nations.A central office with its main office in the home nation frequently oversees these businesses.A business is not automatically a multinational corporation just because it exports products for sale elsewhere.Multinational corporations, often known as TNCs or MNCs, are businesses that conduct business internationally.TNC examples include Apple, McDonald's, and Unilever.The headquarters and offices of TNCs are frequently found in industrialized nations.Any company that is incorporated and conducts business in more than one nation at once is referred to as a multinational corporation, or MNC.In most cases, a corporation has its headquarters in one nation and runs fully or partially owned subsidiaries in other nations.To learn more about multinational corporation refer
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Which of the following is NOT a discretionary expense?
Vacation
Rent
Entertainment
Gym membership
Which of the following is vitally important to a meaningful work experience? Question 32 options: A) Promotion opportunities. B) Teaching other team members tasks. C) Recognizing individuals for their contribution to the team. D) Shortening the learning curve for new activities. E) Having a successful outcome
The factor that is vitally important for a meaningful work experience is C) Recognizing individuals for their contribution to the team.
What is a meaningful work experience?A meaningful work experience is an experience that an employee gets from her workplace based on many factors, including:
Employee recognitionPromotion opportunitiesTeam membershipSuccessful outcomes.However, having workplace recognition is a major factor that inspires and boosts employee morale, improves self-confidence, and team achievement.
Thus, the factor that is vitally important for a meaningful work experience is Option C.
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Do you feel that this country has made adequate progress in providing women with rights that are equal to that of men? Explain your answer.
Answer:
Yes.
Explanation:
There are so many opportunities for women to rise to the level of, if not surpass men. The 70 cents to the dollar thing is entirely false, and when accounting for the field and position, women typically make more than men. For single mothers, there is the WIC program (women, infants and children), but can you name a program that specifically supports single fathers? And, somewhat related sidenote, there is the whole "believe all women movement", (which in itself is sexist, but I yield) could you imagine if someone started saying "believe all men"? There is no way that would go over well.
1) Explain the determinants of Price elasticity of Demand ("PED"), Price elasticity of Supply ("PES") & ("IED") Income Elasticity of Demand. In your analysis, define elastic, unitary elastic, and inelastic behaviors relative to price changes including impacts on total revenue. What are some real-life elasticities & EXPLAIN (such as health care, restaurants, energy, technology, medicines, higher education, food, etc.) ?
Price elasticity of demand (PED), price elasticity of supply (PES), and income elasticity of demand (IED) are important measures in economics.
The determinants of PED include the availability of substitutes, necessity or luxury nature of the good, proportion of income spent on the good, and time horizon. Elastic demand refers to a situation where a small change in price leads to a relatively larger change in quantity demanded. Unitary elastic demand occurs when the percentage change in price is equal to the percentage change in quantity demanded.
Inelastic demand occurs when a large change in price results in a relatively smaller change in quantity demanded. Elastic demand implies that a decrease in price will increase total revenue, while inelastic demand suggests that a price decrease will result in a decrease in total revenue.
PES is determined by factors such as the availability of inputs, time horizon, and mobility of resources. Elastic supply means that a small change in price leads to a relatively larger change in quantity supplied. Unitary elastic supply occurs when the percentage change in price is equal to the percentage change in quantity supplied.
Inelastic supply refers to a situation where a large change in price results in a relatively smaller change in quantity supplied. Elastic supply implies that an increase in price will increase total revenue, while inelastic supply suggests that an increase in price will lead to a decrease in total revenue.
IED measures the responsiveness of quantity demanded to changes in income. For normal goods, a positive IED indicates that as income increases, the quantity demanded also increases. For inferior goods, a negative IED implies that as income increases, the quantity demanded decreases. The magnitude of IED determines the income sensitivity of demand.
Real-life examples of elasticities can vary across industries and goods. In the healthcare sector, the price elasticity of demand for essential medicines may be relatively inelastic as they are necessities. However, the demand for elective cosmetic procedures may be more elastic. In the restaurant industry, demand for fast food may exhibit inelastic behavior as it is often price-driven, while demand for high-end dining experiences may be more elastic. Energy prices tend to have inelastic demand in the short run but can become more elastic over time with the adoption of energy-efficient technologies.
Technology products often have elastic demand due to the availability of substitutes and frequent advancements. Higher education may have inelastic demand due to the perceived value of degrees. Food generally has inelastic demand as it is a necessity, but specific products like luxury chocolates may exhibit more elastic behavior. These examples illustrate how the concept of elasticity applies differently to various goods and services based on their characteristics and market dynamics.
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Suppose the general tool company issued a 30-year, 7 percent bond 8 years ago. the bond is currently selling for 96 percent of its face value, or $960. what is general tool’s cost of debt?
The bond is now trading for 960 and has a 22-year maturity. The following formula is used to determine the yield to maturity: 70+(1000960)/22(1000+960)/2=7.33%.
What do you mean by bond?Bonds are fixed- income investments that represent loans made to borrowers by investors( generally commercial or governmental). A bond is similar to a contract between a lender and borrower stating the conditions of a loan and the affiliated payments. Bonds are used by businesses, communities, countries, and autonomous governments to finance operations and systems. The parameters for the borrower's variable or fixed interest payments as well as the deadline by which the loan's star is anticipated to be repaid to the bond proprietor are frequently included in bond specifications.
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statistics and probability questions and an
the website design team also tracks how much time visitors spend on the company website, including the homepage and on product pages. they find that a visitor spends 32 seconds on the home page and 18 seconds on a product page. they also record the probability that a visitor opens product pages in addition to the home page (which all visitors visit) and find
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Question: The Website Design Team Also Tracks How Much Time Visitors Spend On The Company Website, Including The Homepage And On Product Pages. They Find That A Visitor Spends 32 Seconds On The Home Page And 18 Seconds On A Product Page. They Also Record The Probability That A Visitor Opens Product Pages In Addition To The Home Page (Which All Visitors Visit) And Find

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The website design team also tracks how much time visitors spend on the company website, including the homepage and on product pages. They find that a visitor spends 32 seconds on the home page and 18 seconds on a product page. They also record the probability that a visitor opens product pages in addition to the home page (which all visitors visit) and find that 20% only visit the homepage but no product page, 15% visit one product page, 25% two product pages, 30% visit three product pages, and 10% visit four. Your supervisor now tasks you to answer the following questions about the time visitors spend on the company website, using the information given above by the website design team. Again, you should make sure that you show every step, explain your answers by commenting on the choice and appropriateness of tests and methodologies, and mention any important assumptions. 6. Find the expected value and standard deviation of the time a visitor spends on the website and provide an explanation what these values indicate about the time a visitor spends on the website. (15 points) 7. Find the probability that a visitor spends at least 45 seconds but not more than 90 seconds on the website (15 points
The expected value of time spent on the website is 127.8 seconds, and the standard deviation is 88.98 seconds. The amount of time visitors spend on the website varies widely.
6. Expected value:
The expected value of a random variable is the mean of the variable. It is represented by the symbol E(X).
Expected value of time spent on homepage:
E(X) = (0.2 × 32) + (0.15 × 50) + (0.25 × 68) + (0.3 × 86) + (0.1 × 104)
E(X) = 32 + 7.5 + 17 + 25.8 + 10.4
E(X) = 92.7 seconds
Expected value of time spent on product page:
E(Y) = (0.15 × 18) + (0.25× 36) + (0.3 × 54) + (0.1 × 72)
E(Y) = 2.7 + 9 + 16.2 + 7.2
E(Y) = 35.1 seconds
Expected value of time spent on the website:
E(X+Y) = E(X) + E(Y)
E(X+Y) = 92.7 + 35.1
E(X+Y) = 127.8 seconds
Standard deviation:
It is a measure of the dispersion of a set of data from its mean value. It tells us how much the data varies from the mean value.
Standard deviation of time spent on homepage:
σx =√(((0.2×(32-92.7)²) + (0.15×(50-92.7)²) + (0.25×(68-92.7)²) + (0.3×(86-92.7)²) + (0.1×(104-92.7)²)))
σx = √(4614.3)
σx = 67.93 seconds
Standard deviation of time spent on product page:
σy = √(((0.15×(18-35.1)²) + (0.25×(36-35.1)²) + (0.3×(54-35.1)²) + (0.1×(72-35.1)²)))
σy = √(3428.19)
σy = 58.53 seconds
Standard deviation of time spent on the website:
σx+y = √(σx² + σy²)
σx+y = √(67.93² + 58.53²)
σx+y = 88.98 seconds
The expected value of time spent on the website is 127.8 seconds. This indicates that on average, a visitor spends about 2 minutes on the website.
The standard deviation of time spent on the website is 88.98 seconds. This indicates that the amount of time visitors spend on the website varies widely. Some visitors may spend less than a minute on the website, while others may spend several minutes on the website.
Therefore, the expected value of time spent on the website is 127.8 seconds, and the standard deviation is 88.98 seconds. The amount of time visitors spend on the website varies widely.
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Help Me pls? Thanks!
The above portfolio can be de-risked by reducing stock to 15% and increasing bond to 55%.
Why are Bonds safer than stocks?Stocks are often riskier than bonds since they provide no guaranteed returns to the investor. On the other hand however, bonds provide reasonably consistent returns through coupon payments.
Bonds are loans to companies or governments, whereas stocks are ownership in a corporation. They are significantly less volatile than stocks since they are a loan with a fixed interest payment, a maturity date, and a face value that the borrower will return.
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In contract law, "Canadian society is changing with the increase in vulnerable individuals, whether they are elderly or new Canadians who are not familiar with the knowledge and customs of Canadian commercial practice. Do you think businesses such as financial institutions should have procedures in place to detect factors suggesting that undue influence has affected these vulnerable customers? "
In your response, consider course materials, define the legal concept of "undue influence", and describe the impact of such a finding on any contract. Provide reasons for your opinion and provide at least one example.
In contract law, businesses, especially financial institutions, should have procedures in place to detect factors suggesting that undue influence has affected vulnerable customers. Undue influence is a legal concept that refers to a situation where one party exerts excessive pressure or influence on another party, leading to the imbalance of power and unfair contractual terms.
Undue influence is a legal concept that recognizes the unequal power dynamics between parties in a contractual relationship. It occurs when one party takes advantage of the vulnerability, dependency, or trust of another party to gain unfair advantage and impose terms that are unjust or disadvantageous to the vulnerable party. This can include situations where the dominant party uses manipulative tactics, coercion, or deception to induce the vulnerable party into entering a contract.
Having procedures in place to detect factors suggesting undue influence is essential for businesses, especially financial institutions. These institutions often deal with vulnerable customers who may lack knowledge or experience in commercial practices. Detecting and addressing undue influence can help protect these individuals from entering into contracts that are detrimental to their interests.
For example, let's consider an elderly person who is approached by a financial advisor offering investment opportunities. The advisor takes advantage of the individual's limited financial knowledge, trust, and dependency by pressuring them into investing in high-risk ventures without fully disclosing the risks involved. In such a case, if undue influence is proven, the contract could be deemed voidable, allowing the vulnerable individual to rescind the contract and potentially recover any losses incurred.
By having procedures in place to detect undue influence, businesses can ensure fair and ethical practices, safeguard vulnerable customers, and maintain the integrity of contracts. It is the responsibility of businesses, especially those dealing with vulnerable individuals, to act ethically and implement measures that prevent the exploitation of such customers in commercial transactions.
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Oliveras Company had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in accounts receivable at the beginning of the year was $100,000, and the end of the year it was $150,000. What were the accounts receivable turnover and the average collection period in days? a. 6.4 and 57 days. b. 4.0 and 91.3 days. c. 5.3 and 68.9 days. d. 8.0 and 45.6 days.
Answer:
a. 6.4 and 57 days
Explanation:
The computation of the accounts receivable turnover and the average collection period in days is shown below;
The account receivable turnover is
= $800,000 ÷ ($100,000 + $150,000) ÷ 2
= 6.4 times
And, the average collection period is
= 365 days ÷ 6.4 times
= 57 days
Therefore the a option is correct
Rosie's has 1,300 shares outstanding at a market price per share of $10. Sandy's has 2,000 shares outstanding at a market price of $23 a share. Neither firm has any debt. Sandy's is acquiring Rosie's. The incremental value of the acquisition is $1,800. What is the value of Rosie's to Sandy's
Answer:
$14,800
Explanation:
Rosie's has 1,300 shares outstanding at a market price of $10
Sandy's had 2,000 shares outstanding at a market price of $23
The incremental value of the acquisition is $1,800
Therefore, the value of Rosie's to Sandy's can be calculated as follows
=( 1,300×$10)+$1,800
= $13,000+$1,800
=$14,800
Hence the value of Rosie's to Sandy's is $14,800
Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?
The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.
Answer:
The chart is placed in a database with five groups.
Hope this helped.
Using scheme, write a procedure called bigger that takes a list and a number as parameters and returns a list of all elements of the list that are larger than the number.
the primary objective of external financial reporting is to:
A primary objective of external financial reporting is to provision of information that is useful to present and potential investors, creditors, and others in making rational financial decisions regarding the enterprise (option B).
The primary objective of external financial reporting is to provide relevant and reliable information to external users, such as investors, creditors, analysts, and other stakeholders. This information helps them make informed decisions about investing in or providing credit to the entity.
External financial reporting aims to present the financial position, performance, and cash flows of the enterprise in a clear and understandable manner. It includes financial statements, such as the balance sheet, income statement, statement of cash flows, and statement of changes in equity, along with accompanying notes and disclosures.
By providing this information, external financial reporting enables users to assess the profitability, liquidity, solvency, and overall financial health of the enterprise. It helps users evaluate the potential risks and returns associated with investing in or extending credit to the entity, aiding them in making rational financial decisions.
Options A, C, and D are not accurate objectives of external financial reporting. While measuring the value of a business enterprise, establishing rules for accruing liabilities, or measuring the enterprise's stock price may have relevance, they are not the primary objectives of external financial reporting. The correct option is B.
The complete question is:
A primary objective of external financial reporting is to:
A. Direct measurement of the value of a business enterprise.
B. Provision of information that is useful to present and potential investors, creditors, and others in making rational financial decisions regarding the enterprise.
C. Establishment of rules for accruing liabilities.
D. Direct measurement of the enterprise’s stock price.
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Why might working on a commission basis make dealing with finances more difficult?
(need a few sentences)
Jeffrey bought a bottle of specialty ketchup at his local SuperMarket Plus. The ketchup had been manufactured and packed in a typical sealed bottle by Good to the Last Drop Ketchup Co. (GLDK). What was unknown to both SuperMarket Plus and Jeffrey was that, during the special manufacturing process for this unique brand of ketchup, a strain of e. coli bacteria began to develop in the ketchup in the sealed bottle. At all times SuperMarket Plus acted in a reasonable manner in storing and displaying the ketchup bottles and had no reason to believe that the ketchup inside the bottles was tainted or damaged in any way. After buying the ketchup, Jeffrey had friends over for burgers and craft brews. He served the ketchup as a condiment to his friends. Jeffrey and several of his friends became severely ill as a result of eating the tainted ketchup. Several of them needed to be hospitalized to fight the e. coli infection. All of Jeffrey and his friends who became ill filed a lawsuit against SuperMarket Plus and GLDK alleging liability under the state’s strict products liability standard. Would they be successful in the lawsuit against SuperMarket Plus and GLDK? (A) Not likely against either SuperMarket Plus or GLDK. (B) Likely against SuperMarket Plus but likely not against GLDK. (C) Likely against GLDK but likely not against SuperMarket Plus. (D) Likely against both SuperMarket Plus and GLDK.
Jeffrey bought a bottle of specialty ketchup from SuperMarket Plus. Jeffrey and several of his friends became severely ill as a result of eating the tainted ketchup. Would they be successful in the lawsuit against SuperMarket Plus and .
It can be concluded that the likely outcome of the lawsuit against SuperMarket Plus and GLDK is (D) Likely against both SuperMarket Plus and GLDK.According to the state’s strict products liability standard, the seller and the manufacturer of the product are strictly liable for any harm caused by the product's defective condition when it was sold.
in this case, the ketchup bottle was sealed, and there was no reasonable way for Jeffrey to know about the presence of e. coli bacteria. Therefore, SuperMarket Plus and GLDK will be held liable for the defective product, causing harm to Jeffrey and his friends.Hence, the likely outcome of the lawsuit against SuperMarket Plus and GLDK is likely against both SuperMarket Plus and GLDK.
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A written agreement with a promise to pay a supplier a specific sum of money at a definite time is a(n) ______.
Answer: Promissory note
Explanation:
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
frank riley just purchased a bond that is unsecured and is secondary to other unsecured bonds with respect to interest payments or repayment at maturity. what type of bond has frank purchased?
The type of Bond purchased by Frank in the given scenario is a subordinate debenture bond.
What is a Subordinate Debenture Bond?A subordinated debt, also known as a subordinated debenture, is an unsecured loan or bond that has a lower priority than other, more senior loans or securities with respect to claims on assets or earnings. Consequently, subordinated debentures are included in the category of junior securities.
Last but not least, interest rates on subordinated debentures are higher than those on other debentures issued by the same corporation since they carry more risk than straight debentures.
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