Jemal is playing basketball at a school's outdoor court. Kevin asks if he can join the game. Jemal agrees. After playing for 15 minutes, Kevin is knocked to the ground. His wrist breaks. If Kevin sues Jemal for his injury, a court will probably find:
a. The school liable for allowing the court to be used b. Jemal committed a negligence tort
c. Jemal strictly liable for Kevin's harms
d. Jemal's acts where the cause-in-harm of Kevin's injuries e. none of the other choices
e
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Dividing total fixed costs by the contribution margin ratio yields break-even point in units
Indicate whether the statement is true or false
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, and (2) identify the normal balance of the account.Account TitleAccount TypeNormal Balance (Debit or Credit)a. Prepaid Insurance??b. Accounts Payable??c. Common Stock??d. Utilities Expense??e. Land??f. Services Revenue??g. Notes Receivable??h. Advertising Expense??i. Unearned Revenue??j. Service Revenue??
What will be an ideal response?
Thomson Media is considering some new equipment whose data are shown below. The equipment has a 3-year tax life and would be fully depreciated by the straight-line method over 3 years, but it would have a positive pre-tax salvage value at the end of Year 3, when the project would be closed down. Also, additional net operating working capital would be required, but it would be recovered at the end of the project's life. Revenues and other operating costs are expected to be constant over the project's 3-year life. What is the project's NPV? Do not round the intermediate calculations and round the final answer to the nearest whole number. WACC10.0% Net investment in fixed assets (depreciable basis)$70,000 Required net operating working capital$10,000 Straight-line depreciation rate33.333%
Annual sales revenues$70,000 Annual operating costs (excl. depreciation)$30,000 Expected pre-tax salvage value$5,000 Tax rate35.0% ? A. 0$14,922 B. 0$17,011 C. 0$12,982 D. 0$15,668 E. 0$14,773
A company's ratio of net sales (cash and credit sales) to average accounts receivable can be interpreted as management's ability to:
A. Generate profits for investors. B. Collect cash from all sales to customers. C. Reduce costs of selling goods and services to customers. D. Effectively market its goods and services.