1. On what public policy grounds is strict liability imposed? Explain
2. Should victims of a mass shooting be able to sue the manufacturer of a violent video game for a design defect if the shooter had been a devoted player of that violent game?
3. In what circumstances might the doctrine of strict product liability apply in the context of cyberspace? Should a business be liable in product liability if it spreads a virus unwittingly—by, for example, sending an infected document to another computer, or simply leaving a company computer “on” and connected to a broadband network through which a hacker gains access?
4. To avoid liability on a negligence theory in a product liability suit, to what extent must a manufacturer exercise due care?
In: Operations Management
Jul
6 Cohen invested $149,000 in the business, which in turn issued its common stock to her
9 the business paid cash for land cost in $62,000 calling plans to build an office building on the land
12 The business purchased medical supplies for $1700 on account
15-31 During the rest of the month, Cohen treated patients and arned service revenue of $9,000, recieving cash fo rhalf the revenue earned.15 dr. Christine Cohen, P.C. officially opened for business
15-31 The business paid cash expenses: employee salaries, $3000:office rent, $700: utilities, $1100
31 The business sold supplies to another physician for the cost of $900 and recieved cash
31 The business borrowed $34,000, signing a note payable to the bank
31 The business paid $700 on account
1. After journalizing the transactions in the previous exercise, post the entries to the ledger, using T-accounts. Key transactions by date.
2. Prepare the trial balance of Dr Kristine COhen, P.C., at July 31, 2016.
3. From the trial balance, determine total assets, total liabilities, and total stockholders' equity on July 31.
Requirement 1. Analyze the effects of these events on the accounting equation of the medical practice of Dr.
Cohen,
Begin with the first transaction on
July
6. (Use parentheses or a minus sign when decreasing accounts. If a box is not used in the table leave the box empty; do not enter a zero. Enter the transactions in the same order as they appear in the original list.)
Assets |
= |
Liabilities |
+ |
Stockholders' Equity |
||||||||||||||
Accts |
Medical |
Accts |
Note |
Common |
Retained |
Type of Equity |
||||||||||||
Cash |
+ |
Rec. |
+ |
Supplies |
+ |
Land |
= |
Pay. |
+ |
Payable |
+ |
Stock |
+ |
Earnings |
Transaction |
|||
Jul 6 |
|
please tell me type of equity: Types of equity transactions: Dividends, Issued Stock, Rent Expense, Salary Expense, Service Revenue, Utilities Expense
In: Accounting
North Pole Fishing Equipment Corporation and South Pole Fishing Equipment Corporation would have identical equity betas of 1.11 if both were all equity financed. The market value information for each company is shown here:
North Pole | South Pole | |||||
Debt | $2,960,000 | $3,870,000 | ||||
Equity | $3,870,000 | $2,960,000 | ||||
The expected return on the market portfolio is 11.4 percent and the risk-free rate is 3.4 percent. Both companies are subject to a corporate tax rate of 21 percent. Assume the beta of debt is zero.
1) What is the equity beta of North Pole? What is the equity beta of South Pole?
2) What is the required rate of return on equity for North Pole?
In: Finance
Bridgeport Warehouse distributes suitcases to retail stores and extends credit terms of n/30 to all of its customers. Bridgeport Warehouse uses a periodic inventory system the earnings approach. At the end of June its inventory consisted of 41 suitcases purchased at $36 each. During the month of July, the following merchandising transactions occurred:
July 1 | Purchased 50 suitcases on account for $36 each from Trunk Manufacturers, terms n/30, FOB destination. | |
2 | The correct company paid $155 freight on the July 1 purchase. | |
4 | Received $180 credit for five suitcases returned to Trunk Manufacturers because they were damaged. | |
10 | Sold 45 suitcases that cost $36 each to Satchel World for $70 each on account. | |
12 | Issued a $350 credit for five suitcases returned by Satchel World because they were the wrong colour. The suitcases were returned to inventory. | |
15 | Purchased 60 additional suitcases from Trunk Manufacturers for $33.50 each, terms n/30, FOB shipping point. | |
18 | Paid $150 freight to AA Trucking Company for merchandise purchased from Trunk Manufacturers. | |
21 | Sold 54 suitcases that cost $36 each to Fly-By-Night for $70 each on account. | |
23 | Gave Fly-By-Night a $140 credit for two returned suitcases. The suitcases had been damaged and were sent to the recyclers. | |
30 | Paid Trunk Manufacturers for the July 1 purchase. | |
31 |
Received balance owing from Satchel World. Record the July transactions for Bridgeport Warehouse. Assume that Bridgeport uses the earnings approach. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) |
In: Accounting
Name and explain at least three ways that emotional intelligence can increase leader effectiveness.
In: Operations Management
In: Physics
What is a C corporation and a S corporation?
How does a partnership relate to it?
In: Finance
what are the activities under a fiscal policies.
In: Economics
Horizontal and Vertical Analysis
Selected data from the financial statements of Jones Hardware Company follows.
2019 | 2018 | |||
Accounts receivable | $63,600 | $38,000 | ||
Merchandise inventory | 12,300 | 16,000 | ||
Total assets | 450,000 | 380,000 | ||
Net sales | 380,000 | 270,000 | ||
Cost of goods sold | 178,000 | 210,000 |
Required:
1. Calculate by how much accounts receivable, merchandise inventory, total assets, net sales, and cost of goods sold increased or decreased in dollar terms from 2018 to 2019.
Accounts receivable | $ | |
Merchandise inventory | $ | |
Total assets | $ | |
Net sales | $ | |
Cost of goods sold | $ |
2. Indicate what happened from 2018 to 2019 to accounts receivable and merchandise inventory as a percentage of total assets. Round to the nearest whole percent.
Accounts receivable | from % in 2018 to % in 2019. |
Merchandise inventory | from % in 2018 to % in 2019. |
Indicate what happened from 2018 to 2019 to cost of goods sold as a percentage of net sales (rounded to the nearest whole percent).
Cost of goods sold from % in 2018 to % in 2019.
In: Finance
Lloyd’s Register used KPIs approach to ensure business assurance and improvement, Discuss its KPI approach, and prepare a presentation for a bank on the why, what and how of such a system.
In: Operations Management
describe humanity’s role toward God’s creation (see Genesis 1:26-31; Psalm 8:6-8; Matthew 21:33-46). What does it mean from a Christian perspective for people to have a God-given responsibility for the physical world/universe? (Be as specific as possible.) This does not mean that Christians are the only ones who should be environmentally conscious, but it does suggest that Christians have a motive to serve God by caring for His world.
In: Psychology
1. Explain how God is the origin and end of all good moral actions.
2. What is the purpose of moral theology?
3. How can Catholics have assurance that the moral teachings of the Church are correct?
4. What often happens to societies that reject the moral law revealed by God?
5. What is the difference between humans and animals when it comes to moral actions?
6. Define secular humanism. Can human reason on its own determine moral truths without error? Explain.
7. What is a “materialistic view” of the world?
In: Psychology
a client that is having trouble at work. Be sure to develop a plan for the interview ahead of time. What is the purpose of your interview and how will you achieve that purpose?
Be sure to follow the ethical guidelines you have read about, including competence, confidentiality, and informed consent.
What could make this interview difficult or uncomfortable, also name factors that could make this interview welcoming and comfortable while naming effective probing and information gathering techniques. Be as specific as possible. For example, were there things you or your client said or did during the interview that were uncomfortable?
In: Psychology
Consider the “real” version of the ultimatum game, where Player 1 proposes a division of a sum of money x, then Player 2 decides whether or accept or reject it. If they accept, the division stands - if they reject, both players get nothing. Suppose both players treat money as utility.
(a) Draw this game using a game tree, being careful to list the payoffs and all elements of the tree.
(b) Solve the game for the unique SPNE.
(c) We assume that if Player 1 choose to keep all of x for themselves that Player 2 was awarded ∈ > 0. Does this matter? Explain how it changes the results (or not)?
(d) What are all of the strategies for Player 1? Player 2?
In: Economics
Define relationship marketing and how it might fit into the mission or vision for any given product in the overall organizational plan? How can the marketing mix elements of branding and advertising use relationship marketing to increase customer satisfaction with a brand?
In: Operations Management