When a person buys a sweater from an unknown manufacturer and gives it to a friend as a present and the friend is injured because the sweater contains a poisonous dye?
A) The purchaser may be liable to the friend in contract.
B) The manufacturer may be liable to the friend in contract.
C) The purchaser may be liable to the friend in tort.
D) The manufacturer may be liable to the friend in tort.
E) Both C and D.
E
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The receiver who experiences power from a "power with" perspective will be
A. powerless. B. empowered. C. more dependent. D. All of these choices are correct.
________ jurisdiction is the power of a court to render a decision in a particular type of case
A) Subject matter B) In rem C) Quasi-in rem D) In personam
The use of financial leverage by the firm has a potential impact on which of the following? (1)The risk associated with the firm.(2)The return experienced by the shareholder.(3)The variability of net income.(4)The degree of operating leverage.(5)The degree of financial leverage.
A. 1, 3, 5 B. 1, 2, 5 C. 2, 3, 5 D. 2, 3, 4, 5 E. 1, 2, 3, 5
Use the following labor budget data for Roy & Miller Accounting, LLP. Partner Salaries$400,000 Partner Benefits (40%) 160,000 Total Partner Compensation$560,000 Staff Accountant Salaries$600,000 Staff Benefits (40%) 240,000 Total Staff Compensation$840,000 The budgeted overhead cost for the year is $1,260,000. The company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. The current audit bid for Monoco Industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material.What is the total budgeted compensation for both partners and staff accountants?
A. $600,000 B. $1,400,000 C. $1,000,000 D. $1,160,000 E. None of these answers is correct.