Assume that a quiet, young, loving couple that is three years out of college with one small child lives in a subdivision home, but is disturbed nightly by the activities of the neighbors. These activities include a loud stereo playing very undesirable
music; many cars coming and going at all hours of the night, many of which squeal their tires; loud voices in the middle of the night, both in front and in back of the neighbor's home; and vulgar epithets shouted day and night. Further, the neighbors neglect to remove litter of all kinds (automobile parts, papers, boxes, jars, etc.) from their front and side yards. What economic consequences are involved, and what legal remedies does the young couple have?
The market value and marketability (time necessary to sell) of the home are affected adversely. In some states, the existence of offensive neighbors must be specifically mentioned (disclosed) to prospective buyers. There are few practical legal remedies. The police can be called and a report of disturbing the peace made. However, unless the noises and actions are very severe, the police can do little to resolve the problem. Other remedies can be imposed in subdivisions with homeowner associations (HOAs). The association can, and will, record complaints and impose financial penalties for failure to keep premises clean and tidy. These few remedies are hardly satisfactory to offended homeowners who generally must grin and bear the offensiveness of neighbors.
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When speakers use the opinions of others either to support positions they are taking or to reinforce claims they are making, they are using ______.
a. credibility b. sources c. testimony d. statistics
Cornell Products has the following information available for 2012: Direct materials $1.00 per unit Direct labor $2.00 per unit Variable manufacturing overhead $1.50 per unit Variable selling and administrative costs $ .50 per unit Fixed manufacturing overhead $30,000 Fixed selling and administrative costs $25,000 During 2012, Cornell produced 6,000 units out of which 5,400 units were sold for $20
each. Refer to the information provided for Cornell Products. What is the net operating income under absorption costing? A) $23,000 B) $29,000 C) $26,000 D) $35,000
The first unit of a product took 1,000 hours to build and the learning curve is 85%. How long will it take to make the first 5 units? (Use Table E.3)
A) less than 4,005 hours B) from 4,005 to 4,015 hours C) from 4,015 to 4,025 hours D) from 4,025 to 4,035 hours E) from 4,035 to 4,045 hours
Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock. As of December 30, Year 1, Gilligan's stockholders' equity accounts report the following balances: Common stock, $6 par, 500,000 shares authorized 55,000 shares issued and outstanding$330,000 Paid-in capital in excess of par - Common 440,000 $770,000 Retained earnings 1,400,000 Total Stockholders' Equity $2,170,000 On December 31, Year 1, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $22 per share.How will the issuance of the stock dividend affect the financial statements?
A. Decrease the common stock account by $60,500, increase the retained earnings account by $16,500, and increase the paid-in capital in excess of par-Common B. Decrease the retained earnings account and increase the common stock account by $16,500. C. Decrease the retained earnings account by $60,500, increase the common stock account by $16,500, and increase the paid-in capital in excess of par-Common account by $44,000. D. Increase the dividends account and decrease the cash account by $108,500.