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4 years ago

The Uniform Commercial Code ("UCC") recognizes explicit, stated promises as being ________ warranties.

Business

1 answer:

Aloiza [94]4 years ago

7 0

Answer:

Express.

Explanation:

The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America.

A warranty can be defined as a written promise or guarantee made by a manufacturer, lessor or seller about the identity or quality of goods and services or a property to a purchaser, promising him or her to repair or replace it if necessary within a specified time frame.

The Uniform Commercial Code ("UCC") recognizes explicit, stated promises as being express warranties. An express warranty is typically considered to be an affirmative promise about the quality or characteristics of an item that is being sold to a buyer and as such it is binding and enforceable by law.

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3 years ago

Jack works hard on his projects as his manager promises him a salary increase on successful completion of the project. jack's ha

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4 years ago

The following credit sales are budgeted by Garcia Company:January $255,000February $375,000March $525,000April $450,000The compa

weeeeeb [17]

Answer:

Total cash to be realized in March = $468,000

Explanation:

As for the provided information, the details are:

Realization of sales:

In the month of Sale = 70%

In the month following sale = 20%

In the next to month following sale = 10%

Thus, for the month of March: Realization shall be:

Sales of March = 70% = $525,000 $\times$ 70% = $367,500

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3 years ago

Jenna is the beneficiary of a fund of 20,000 that pays her 1,000 at the end of each month. The fund earns 6% compounded monthly.

olchik [2.2K]

Answer:

Given

Fund Amount P=20000

Payment each month A=1000

Interest rate per month r=6%/12=0.5%

Let B is balloon payment and N is the total number of Payment

so P=A*(1-(1+r)^-(N-1))/r + B/(1+r)^N

20000=1000*(1-(1+0.5%)^(N-1))/0.5% + B/(1+0.5%)^N

By using the trial and error method we find that N=21

So B/(1+0.5%)^21=1012.53

B=1124.39

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4 years ago

A risk analyst gives Oracle Corporation, the enterprise software and database management firm, a CAPM equity beta of 1.2. As of

KengaRu [80]

Answer:

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Cost of equity = 11.20%

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Market Price = EPS * 20

-->P1 = $2.17 * 20 = $43.40

DPS1= $0.24

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Value of Equity = $43.40/1.1120 + $0.24/1.1120

Value of Equity = $39.03 + $0.22

Value of Equity = $39.25

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3 years ago