Howard needs a truck to pull a 2,000-pound trailer. Gordon tells Howard, "My truck will pull a 2,000-pound trailer with ease." Relying on Gordon's statement, Howard buys the truck, but it will not pull a 2,000-pound trailer. If Gordon did not intend to deceive and Howard sues for nonfraudulent misrepresentation, he can recover:
A) punitive damages, but not out-of-pocket damages.
B) out-of-pocket and consequential damages, but not punitive damages.
C) out-of-pocket damages plus punitive damages.
D) nominal damages, because Howard should have known the capacity of the truck.
B
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The Carrasco Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 2018:The service cost was $750,000 during 2018 and $1,125,000 during 2019. The contribution to the pension plan was $600,000 on December 31, 2018 and $1,200,000 on December 31, 2019. The actuarially determined discount rate and the expected return on plan assets are both 10%. The actual return on plan assets was 10.5%. Retirement benefits pertaining to years of service prior to 2018 were not granted to the employees. What is the pension expense for the year ended December 31, 2019?
A. $1,137,000 B. $1,200,000 C. $1,065,000 D. $1,140,000
Scarlette is developing appropriate presentation visuals for an upcoming workshop. Which of the following is a limitation of using an electronic presentation?
a. It can lead to poor delivery if misused. b. It is not easily updated. c. It reduces audience attention on the topic. d. It requires highly developed skills.
Excerpts from Colter Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$96? $126? Accounts receivable, net 112? 122? Inventory 188? 178? Prepaid expenses 46? 46? Total current assets 442? 472? Total current liabilities$344? $320? Sales on account in Year 2 amounted to $1360 and the cost of goods sold was $810.The acid-test (quick) ratio at the end of Year 2 is closest to:
A. 0.74 B. 0.60 C. 1.28 D. 0.89
What is the practical difference between an IP address and a physical (MAC) address?
What will be an ideal response?