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- What are the components of cost-volume-profit (CVP) analysis?
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Running Head: COMPONENTS OF A COST VOLUME ANALYSIS
Components of a Cost Volume Analysis
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COMPONENTS OF COST VOLUME ANALYSIS
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Components of a Cost Volume Analysis
The cost volume profit analysis is a model designed to depict changes in the prices, product
margins, and unit volume...
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FIN 650 Grand Canyon University Accounting Minitap Excel Worksheet Questions
1. Holly's Art Galleries recently reported $7.9 million of net income. Its EBIT was $15 million, and its federal tax rate ...
FIN 650 Grand Canyon University Accounting Minitap Excel Worksheet Questions
1. Holly's Art Galleries recently reported $7.9 million of net income. Its EBIT was $15 million, and its federal tax rate was 21% (ignore any possible state corporate taxes). What was its interest expense? (Hint: Write out the headings for an income statement and then fill in the known values. Then divide $7.9 million net income by 1 − T = 0.79 to find the pre-tax income. The difference between EBIT and taxable income must be the interest expense.) Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.4. Vigo Vacations has $300 million in total assets, $6 million in notes payable, and $33 million in long-term debt. What is the debt ratio? Do not round intermediate calculations. Round your answer to the nearest whole number.5. Reno Revolvers has an EPS of $1.70, a free cash flow per share of $4.40, and a price/free cash flow ratio of 6.0. What is its P/E ratio? Do not round intermediate calculations. Round your answer to two decimal places.6. Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.1. Its sales are $150 million and it has total assets of $60 million. What is its return on equity (ROE)? Do not round intermediate calculations. Round your answer to two decimal places.7. Assume you are given the following relationships for the Haslam Corporation:Sales/total assets1.4Return on assets (ROA)4%Return on equity (ROE)6%Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places.Profit margin: %Liabilities-to-assets ratio: %Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. %8. Current and Quick RatiosThe Nelson Company has $1,605,000 in current assets and $535,000 in current liabilities. Its initial inventory level is $370,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.0? Do not round intermediate calculations. Round your answer to the nearest dollar.$ What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Do not round intermediate calculations. Round your answer to two decimal places.9. Times-Interest-Earned RatioThe Morrit Corporation has $900,000 of debt outstanding, and it pays an interest rate of 10% annually. Morrit's annual sales are $6 million, its average tax rate is 25%, and its net profit margin on sales is 6%. If the company does not maintain a TIE ratio of at least 5 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morrit's TIE ratio? Do not round intermediate calculations. Round your answer to two decimal places.10. What is the future value of a 6%, 5-year ordinary annuity that pays $400 each year? Do not round intermediate calculations. Round your answer to the nearest cent.$ If this were an annuity due, what would its future value be? Do not round intermediate calculations. Round your answer to the nearest cent.$ 11. Present and Future Values of Single Cash Flows for Different Interest RatesUse both the TVM equations and a financial calculator to find the following values. (Hint: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in parts b and d, and in many other situations, to see how changes in input variables affect the output variable.) Do not round intermediate calculations. Round your answers to the nearest cent.An initial $200 compounded for 10 years at 5%.$ An initial $200 compounded for 10 years at 10%.$ The present value of $200 due in 10 years at a 5% discount rate.$ The present value of $200 due in 10 years at a 10% discount rate.$ ____________________12. Uneven Cash Flow StreamFind the present values of the following cash flow streams. The appropriate interest rate is 9%. (Hint: It is fairly easy to work this problem dealing with the individual cash flows. However, if you have a financial calculator, read the section of the manual that describes how to enter cash flows such as the ones in this problem. This will take a little time, but the investment will pay huge dividends throughout the course. Note that, when working with the calculator's cash flow register, you must enter CF0 = 0. Note also that it is quite easy to work the problem with Excel, using procedures described in the Ch04 Tool Kit.xlsx.) Do not round intermediate calculations. Round your answers to the nearest cent.YearCash Stream ACash Stream B1$100$3002 400 4003 400 4004 400 4005 300 100Stream A: $ Stream B: $ What is the value of each cash flow stream at a 0% interest rate? Round your answers to the nearest dollar.Stream A $ Stream B $ 13. While Mary Corens was a student at the University of Tennessee, she borrowed $16,000 in student loans at an annual interest rate of 8%. If Mary repays $1,700 per year, then how long (to the nearest year) will it take her to repay the loan? Do not round intermediate calculations. Round your answer to the nearest whole number. year(s)14. Reaching a Financial GoalYou need to accumulate $10,000. To do so, you plan to make deposits of $1,200 per year - with the first payment being made a year from today - into a bank account that pays 7% annual interest. Your last deposit will be less than $1,200 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal? Do not round intermediate calculations. Round your answer up to the nearest whole number. year(s)How large will the last deposit be? Do not round intermediate calculations. Round your answer to the nearest cent.$
Contracts Assignment 1
Assignment 1Bernie lives in Richmond, VA. On February 1, he puts an ad in his
local newspaper, advertising his 2006 For ...
Contracts Assignment 1
Assignment 1Bernie lives in Richmond, VA. On February 1, he puts an ad in his
local newspaper, advertising his 2006 Ford Fusion for sale for a $13,500 asking
price. After waiting for a few weeks with no offers, on March 1, Vivian calls
him and offers to purchase the vehicle for $12,000.
Bernie is a bit disappointed by the lack of interest and by
Vivian's low offer, but he realizes that there might not be much better offers
waiting for him. He invites Vivian to meet on March 5 to complete the
negotiation and transaction.
When Vivian shows up at Bernie's house on March 10, she tells
Bernie, after some negotiation, that she's willing to pay $12,500 for the car;
but that she needs another three weeks to raise the money. Bernie agrees to
wait, but only if Vivian will put down a deposit of $1,000. Vivian agrees, and
Bernie hastily drafts a one page agreement.
Because Bernie wants to keep his options open in case he gets a
better offer, he puts the following language into the agreement:
Bernie agrees to sell his 2006 Ford Fusion to Vivian for $12,500
and Vivian agrees to purchase the same for such price. The transaction shall
take place no later than March 31.
In the event that the seller breaches this agreement, the seller must refund
the purchaser's deposit, but the parties shall be limited to this remedy and
only this remedy.
In the event that the buyer breaches this agreement, the seller may keep the
buyer's deposit, but the seller shall be limited to this remedy and only this
remedy.
Vivian reads and signs the agreement and gives Bernie a check for
$1,000.
However, two weeks later, Vivian realizes that she's not going to
come up with the $12,500 to pay for the car. So, on March 24, she calls Bernie
to tell him that she's pulling out of the deal. Bernie says, "Fine, but
I'm keeping the deposit in accordance with our agreement."
Vivian sues for her $1,000 deposit back, claiming that there was no
mutuality of consideration for the agreement and that the contract was
therefore void.
Under applicable law, is Vivian correct or may Bernie keep the
deposit?
Please write an essay/memo answering this question. An IRAC-style
essay is appropriate and expected for this assignment.
Oakwood University Management Questions Paper
ETHICS PROBLEM Diane Dennison is a financial analyst working for a large chain of discount retail stores. Her company is l ...
Oakwood University Management Questions Paper
ETHICS PROBLEM Diane Dennison is a financial analyst working for a large chain of discount retail stores. Her company is looking at the possibility of replacing the existing fluorescent lights in all of its stores with LED lights. The main advantage of making this switch is that the LED lights are much more efficient and will cost less to operate. In addition, the LED lights last much longer and will have to be replaced after ten years, whereas the existing lights have to be replaced after five years. Of course, making this change will require a large investment to purchase new LED lights and to pay for the labor of switching out tens of thousands of bulbs. Diane plans to use a 10-year horizon to analyze this proposal, figuring that changes to lighting technology will eventually make this investment obsolete.Diane’s friend and coworker, David, has analyzed another energy-saving investment opportunity that involves replacing outdoor lighting with solar-powered fixtures in a few of the company’s stores. David also used a 10-year horizon to conduct his analysis. Cash flow forecasts for each project appear below. The company uses a 10% discount rate to analyze capital budgeting proposals.YearLED projectSolar project0−$4,200,000−$500,0001700,00060,0002700,00060,0003700,00060,0004700,00060,00051,000,00060,0006700,00060,0007700,00060,0008700,00060,0009700,00060,00010700,00060,000a. What is the NPV of each investment? Which investment (if either) should the company undertake?b. David approaches Diane for a favor. David says that the solar lighting project is a pet project of his boss, and David really wants to get the project approved to curry favor with his boss. He suggests to Diane that they roll their two projects into a single proposal. The cash flows for this combined project would simply equal the sum of the two individual projects. Calculate the NPV of the combined project? Does it appear to be worth doing? Would you recommend investing in the combined project?c. What is the ethical issue that Diane faces? Is any harm done if she does the favor for David as he asks?
BSBPMG536 Manage Project Risk
There are two tasks in this assessment:Task 1 has total of 7 questions, please answer them accordingly in the document tha ...
BSBPMG536 Manage Project Risk
There are two tasks in this assessment:Task 1 has total of 7 questions, please answer them accordingly in the document that is provided.Task 2 is divided into four parts - Part A,B,C,D - There is a case study which you have to follow and need to answer all the four parts accordingly. I am attaching few documents related to case study, make sure you go through them thoroughly before starting Task 2. Please complete the Task 2 in the same document. Also you need to create a power point presentation (answers to Part A-D to be included in 1 presentation). Please you the templates provided in the assessment tool. Make sure there is no plagiarism as it is a very serious matter.Please let me know if you need further information. Thank you.
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Smackey Dog Foods is privately owned, a small company specializing in manufacturing as well as selling dog foods that are ...
Auditing Paper
Smackey Dog Foods is privately owned, a small company specializing in manufacturing as well as selling dog foods that are natural. It was begun by ...
Business Law Discussion
Answer to the following fact patterns. Remember to fully explain the basis for your answer including explaining the eleme ...
Business Law Discussion
Answer to the following fact patterns. Remember to fully explain the basis for your answer including explaining the elements necessary for each claim and how the facts support the claim. A. Data Analytics, Inc., and eProducts Corporation market competing software products. Data Analytics launches an advertising campaign claiming that eProducts does not relate its software before it is sold and further claims that eProducts software has many bugs and does not work as advertised. eProducts knows this is not true. As a result of this false claim eProducts loses sales to Data Analytics. On what grounds could eProducts sue Data Analytics for injury to eProducts’ reputation?B. Bob is shopping in Carl’s Hardware Store when a nail gun used by Dan, one of Carl’s employees, fires without warning and hits Bob in the leg. Carl checks the gun and discovers that it was manufactured improperly. Bob files a suit against Eagle Tools, Inc., the manufacturer of the gun, on the grounds of strict liability. Using these facts, explain what elements are required to win an action based in strict liability?C. Dixie, a driver for Express Delivery Company, leaves the truck's motor running in neutral and carelessly forgets to set the parking brake while she makes a delivery. The truck rolls and crashes into a nearby gas station pump, igniting a fire that spreads quickly to a construction site a block away. A burned wall collapses onto a crane, which falls on Fazio, a bystander, and injures him. What must Fazio show to recover damages from Express Delivery? (HINT: Remember Palsgraf case).
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FIN 650 Grand Canyon University Accounting Minitap Excel Worksheet Questions
1. Holly's Art Galleries recently reported $7.9 million of net income. Its EBIT was $15 million, and its federal tax rate ...
FIN 650 Grand Canyon University Accounting Minitap Excel Worksheet Questions
1. Holly's Art Galleries recently reported $7.9 million of net income. Its EBIT was $15 million, and its federal tax rate was 21% (ignore any possible state corporate taxes). What was its interest expense? (Hint: Write out the headings for an income statement and then fill in the known values. Then divide $7.9 million net income by 1 − T = 0.79 to find the pre-tax income. The difference between EBIT and taxable income must be the interest expense.) Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.4. Vigo Vacations has $300 million in total assets, $6 million in notes payable, and $33 million in long-term debt. What is the debt ratio? Do not round intermediate calculations. Round your answer to the nearest whole number.5. Reno Revolvers has an EPS of $1.70, a free cash flow per share of $4.40, and a price/free cash flow ratio of 6.0. What is its P/E ratio? Do not round intermediate calculations. Round your answer to two decimal places.6. Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.1. Its sales are $150 million and it has total assets of $60 million. What is its return on equity (ROE)? Do not round intermediate calculations. Round your answer to two decimal places.7. Assume you are given the following relationships for the Haslam Corporation:Sales/total assets1.4Return on assets (ROA)4%Return on equity (ROE)6%Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places.Profit margin: %Liabilities-to-assets ratio: %Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. %8. Current and Quick RatiosThe Nelson Company has $1,605,000 in current assets and $535,000 in current liabilities. Its initial inventory level is $370,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.0? Do not round intermediate calculations. Round your answer to the nearest dollar.$ What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Do not round intermediate calculations. Round your answer to two decimal places.9. Times-Interest-Earned RatioThe Morrit Corporation has $900,000 of debt outstanding, and it pays an interest rate of 10% annually. Morrit's annual sales are $6 million, its average tax rate is 25%, and its net profit margin on sales is 6%. If the company does not maintain a TIE ratio of at least 5 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morrit's TIE ratio? Do not round intermediate calculations. Round your answer to two decimal places.10. What is the future value of a 6%, 5-year ordinary annuity that pays $400 each year? Do not round intermediate calculations. Round your answer to the nearest cent.$ If this were an annuity due, what would its future value be? Do not round intermediate calculations. Round your answer to the nearest cent.$ 11. Present and Future Values of Single Cash Flows for Different Interest RatesUse both the TVM equations and a financial calculator to find the following values. (Hint: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in parts b and d, and in many other situations, to see how changes in input variables affect the output variable.) Do not round intermediate calculations. Round your answers to the nearest cent.An initial $200 compounded for 10 years at 5%.$ An initial $200 compounded for 10 years at 10%.$ The present value of $200 due in 10 years at a 5% discount rate.$ The present value of $200 due in 10 years at a 10% discount rate.$ ____________________12. Uneven Cash Flow StreamFind the present values of the following cash flow streams. The appropriate interest rate is 9%. (Hint: It is fairly easy to work this problem dealing with the individual cash flows. However, if you have a financial calculator, read the section of the manual that describes how to enter cash flows such as the ones in this problem. This will take a little time, but the investment will pay huge dividends throughout the course. Note that, when working with the calculator's cash flow register, you must enter CF0 = 0. Note also that it is quite easy to work the problem with Excel, using procedures described in the Ch04 Tool Kit.xlsx.) Do not round intermediate calculations. Round your answers to the nearest cent.YearCash Stream ACash Stream B1$100$3002 400 4003 400 4004 400 4005 300 100Stream A: $ Stream B: $ What is the value of each cash flow stream at a 0% interest rate? Round your answers to the nearest dollar.Stream A $ Stream B $ 13. While Mary Corens was a student at the University of Tennessee, she borrowed $16,000 in student loans at an annual interest rate of 8%. If Mary repays $1,700 per year, then how long (to the nearest year) will it take her to repay the loan? Do not round intermediate calculations. Round your answer to the nearest whole number. year(s)14. Reaching a Financial GoalYou need to accumulate $10,000. To do so, you plan to make deposits of $1,200 per year - with the first payment being made a year from today - into a bank account that pays 7% annual interest. Your last deposit will be less than $1,200 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal? Do not round intermediate calculations. Round your answer up to the nearest whole number. year(s)How large will the last deposit be? Do not round intermediate calculations. Round your answer to the nearest cent.$
Contracts Assignment 1
Assignment 1Bernie lives in Richmond, VA. On February 1, he puts an ad in his
local newspaper, advertising his 2006 For ...
Contracts Assignment 1
Assignment 1Bernie lives in Richmond, VA. On February 1, he puts an ad in his
local newspaper, advertising his 2006 Ford Fusion for sale for a $13,500 asking
price. After waiting for a few weeks with no offers, on March 1, Vivian calls
him and offers to purchase the vehicle for $12,000.
Bernie is a bit disappointed by the lack of interest and by
Vivian's low offer, but he realizes that there might not be much better offers
waiting for him. He invites Vivian to meet on March 5 to complete the
negotiation and transaction.
When Vivian shows up at Bernie's house on March 10, she tells
Bernie, after some negotiation, that she's willing to pay $12,500 for the car;
but that she needs another three weeks to raise the money. Bernie agrees to
wait, but only if Vivian will put down a deposit of $1,000. Vivian agrees, and
Bernie hastily drafts a one page agreement.
Because Bernie wants to keep his options open in case he gets a
better offer, he puts the following language into the agreement:
Bernie agrees to sell his 2006 Ford Fusion to Vivian for $12,500
and Vivian agrees to purchase the same for such price. The transaction shall
take place no later than March 31.
In the event that the seller breaches this agreement, the seller must refund
the purchaser's deposit, but the parties shall be limited to this remedy and
only this remedy.
In the event that the buyer breaches this agreement, the seller may keep the
buyer's deposit, but the seller shall be limited to this remedy and only this
remedy.
Vivian reads and signs the agreement and gives Bernie a check for
$1,000.
However, two weeks later, Vivian realizes that she's not going to
come up with the $12,500 to pay for the car. So, on March 24, she calls Bernie
to tell him that she's pulling out of the deal. Bernie says, "Fine, but
I'm keeping the deposit in accordance with our agreement."
Vivian sues for her $1,000 deposit back, claiming that there was no
mutuality of consideration for the agreement and that the contract was
therefore void.
Under applicable law, is Vivian correct or may Bernie keep the
deposit?
Please write an essay/memo answering this question. An IRAC-style
essay is appropriate and expected for this assignment.
Oakwood University Management Questions Paper
ETHICS PROBLEM Diane Dennison is a financial analyst working for a large chain of discount retail stores. Her company is l ...
Oakwood University Management Questions Paper
ETHICS PROBLEM Diane Dennison is a financial analyst working for a large chain of discount retail stores. Her company is looking at the possibility of replacing the existing fluorescent lights in all of its stores with LED lights. The main advantage of making this switch is that the LED lights are much more efficient and will cost less to operate. In addition, the LED lights last much longer and will have to be replaced after ten years, whereas the existing lights have to be replaced after five years. Of course, making this change will require a large investment to purchase new LED lights and to pay for the labor of switching out tens of thousands of bulbs. Diane plans to use a 10-year horizon to analyze this proposal, figuring that changes to lighting technology will eventually make this investment obsolete.Diane’s friend and coworker, David, has analyzed another energy-saving investment opportunity that involves replacing outdoor lighting with solar-powered fixtures in a few of the company’s stores. David also used a 10-year horizon to conduct his analysis. Cash flow forecasts for each project appear below. The company uses a 10% discount rate to analyze capital budgeting proposals.YearLED projectSolar project0−$4,200,000−$500,0001700,00060,0002700,00060,0003700,00060,0004700,00060,00051,000,00060,0006700,00060,0007700,00060,0008700,00060,0009700,00060,00010700,00060,000a. What is the NPV of each investment? Which investment (if either) should the company undertake?b. David approaches Diane for a favor. David says that the solar lighting project is a pet project of his boss, and David really wants to get the project approved to curry favor with his boss. He suggests to Diane that they roll their two projects into a single proposal. The cash flows for this combined project would simply equal the sum of the two individual projects. Calculate the NPV of the combined project? Does it appear to be worth doing? Would you recommend investing in the combined project?c. What is the ethical issue that Diane faces? Is any harm done if she does the favor for David as he asks?
BSBPMG536 Manage Project Risk
There are two tasks in this assessment:Task 1 has total of 7 questions, please answer them accordingly in the document tha ...
BSBPMG536 Manage Project Risk
There are two tasks in this assessment:Task 1 has total of 7 questions, please answer them accordingly in the document that is provided.Task 2 is divided into four parts - Part A,B,C,D - There is a case study which you have to follow and need to answer all the four parts accordingly. I am attaching few documents related to case study, make sure you go through them thoroughly before starting Task 2. Please complete the Task 2 in the same document. Also you need to create a power point presentation (answers to Part A-D to be included in 1 presentation). Please you the templates provided in the assessment tool. Make sure there is no plagiarism as it is a very serious matter.Please let me know if you need further information. Thank you.
8 pages
Auditing Paper
Smackey Dog Foods is privately owned, a small company specializing in manufacturing as well as selling dog foods that are ...
Auditing Paper
Smackey Dog Foods is privately owned, a small company specializing in manufacturing as well as selling dog foods that are natural. It was begun by ...
Business Law Discussion
Answer to the following fact patterns. Remember to fully explain the basis for your answer including explaining the eleme ...
Business Law Discussion
Answer to the following fact patterns. Remember to fully explain the basis for your answer including explaining the elements necessary for each claim and how the facts support the claim. A. Data Analytics, Inc., and eProducts Corporation market competing software products. Data Analytics launches an advertising campaign claiming that eProducts does not relate its software before it is sold and further claims that eProducts software has many bugs and does not work as advertised. eProducts knows this is not true. As a result of this false claim eProducts loses sales to Data Analytics. On what grounds could eProducts sue Data Analytics for injury to eProducts’ reputation?B. Bob is shopping in Carl’s Hardware Store when a nail gun used by Dan, one of Carl’s employees, fires without warning and hits Bob in the leg. Carl checks the gun and discovers that it was manufactured improperly. Bob files a suit against Eagle Tools, Inc., the manufacturer of the gun, on the grounds of strict liability. Using these facts, explain what elements are required to win an action based in strict liability?C. Dixie, a driver for Express Delivery Company, leaves the truck's motor running in neutral and carelessly forgets to set the parking brake while she makes a delivery. The truck rolls and crashes into a nearby gas station pump, igniting a fire that spreads quickly to a construction site a block away. A burned wall collapses onto a crane, which falls on Fazio, a bystander, and injures him. What must Fazio show to recover damages from Express Delivery? (HINT: Remember Palsgraf case).
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