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NeTakaya
2 months ago
15

Excavation, Inc., uses explosives to prepare land for construction projects. Strict liability is imposed on this activity becaus

e a. the activity is inherently negligent. b. Excavation is a corporation. c. the activity is extremely risky. d. the amount of liability can be added to the costs of construction
Business
1 answer:
Katen [3.5K]2 months ago
7 0

Excavation, Inc. employs explosives for land preparation prior to construction projects. This activity attracts strict liability because it involves high risk.

Option (C) is correct.

Explanation:

The excavation process is associated with considerable risk. Each year, numerous accidents, including fatalities and injuries, occur in this field. Due to the intrinsic dangers linked to excavation, strict liability applies.

Risks encountered during excavation include explosions, gas leaks, flooding, etc. Other hazards such as toxic environments and the potential for serious accidents, as well as falling objects, can arise suddenly, leaving workers little time to escape. Therefore, obtaining government authorization before engaging in such activities is crucial.

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Considerable research has documented that in many product categories, consumers are unable to distinguish among brands when give
soldi70 [3635]

Answer:

The concept of brand loyalty

Explanation:

Brand loyalty: This term refers to the tendency of certain consumers to continue buying products from a specific brand rather than switching to other brands. Ultimately, it is the behavior of a consumer that indicates loyalty to the brand that has established a reliable relationship with them.

The question provided talks about brand loyalty.

5 0
26 days ago
McLeod Fries, Inc. has budgeted sales for June and July at $670,000 and $770,000, respectively. Sales are 85% credit, of which 6
stepan [3596]

Answer:

Accounts receivable as of July 31 = $261,800

Explanation:

The information for June is not needed since it's stated that 60% is collected in the sale month and 40% is collected in the following month. Therefore, by July 31, all sales from June will have been collected and are not outstanding.

July credit sales = 85% * $770,000 = $654,500

Amount collected in July (60%) = 60% * $654,500 = $392,700

Receivables as of July 31 = $654,500 - $392,700 = $261,800

8 0
28 days ago
When toyota announces a product recall on its camry model due to a faulty igniter, they are using ________ to coordinate with de
Nady [3600]
When Toyota issues a recall on its Camry model due to a defective igniter, they implement reverse logistics to work with dealers and vehicle owners. Reverse logistics involves the strategy of organizing and managing the flow of raw materials from the consumption point, aiming for either value recovery or proper disposal.
3 0
29 days ago
Wilson is currently operating at maximum capacity. The firm has a net income of $2,250, total assets of $24,600, long-term debt
Nady [3600]

Answer:

Due to increased sales, the company’s debt will decline by 187.5 dollars

Explanation:

total income of 2,250

dividends amounting to 900

payout ratio: 900/2,250 = 0.4

income projected to grow by 5%

2,250 multiplied by 1.05 equals 2,362.5‬

retained earnings for breakeven:

2,362.5 times ( 1 - 0.4) equals 1,417.5

asset increase:

24,600 multiplied by 0.05 equals 1,230

Now we apply this to the accounting equation:

Assets = liabilities + equity

+1,230 = liabilities + 1,417.5

thus, liabilities = -187.5

6 0
1 month ago
Chester currently has $14,000,000 in cash and management has decided to issue stocks and bonds worth an additional $8,000,000. T
Free_Kalibri [3773]

Answer:

Eliminating the most senior bond

Explanation:

Companies issue bonds to gather capital. The firm must pay interest on these bonds, and its capability to do so indicates its financial health. Therefore, removing the oldest bond exposes the company to the highest risk of needing a quick loan

6 0
27 days ago
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