Answer:
Article 2 of the UCC code states that in order for goods to be merchantable (or fit for sale) they must:
- should correspond to the contract description, e.g. a cereal box should contain cereal
- must be of fair average quality, e.g. the cereal must be edible and be of a reasonable quality, like have a decent flavor
- must be fit to serve the purpose for which an average consumer might purchase them, e.g. you should be able to eat your cereal at breakfast, and it should not require hours or preparation
- the quality of all the units included in the package must be similar, although slight variations are permitted, e.g. cornflakes should be of similar size and quality
- are properly packaged and labeled, e.g. the package should not be broken and it should include relevant information
- fulfill any promise contained in its package or labels, e.g. if the box says it contains cereal with raisins, it must contain cereal with raisins
There are lots of ways in which an implied warranty of merchantability is breached, e.g. if the cereal is spoiled, the box is broken and the contents are falling, cornflakes are all crushed and lost consistency, etc.
Answer:
She must sell 7,500 copies to mantain the profits when price changes to $15.
Explanation:
- Let's start with a definition of profit or benefit: Benefit=
- At the beggining, she obtained a profit of $75,000: She sold 5,000 copies, and she got $20-$5=$15 dollars for each of the 5,000. units sold, which means a benefit of
dollars. - Then, if she wants to keep the $75,000 profits when prices falls to $15, she must sell more copies:
. Then, the quantity she must sell to mantain the profit constant at $75,000 is New quantity=7,500.
Stir sugar, cream and milk into a sauce pan over low heat until sugar has dissolved Heat just until mix is hot and a small ring of foam appears around the edge. 2. Transfer cream mixture into a pour able container such as a large measuring cup. Stir in vanilla extract and chill mix thoroughly, at least two hours. 3. pour cold ice cream mix into an ice cream container, turn on the machine, and churn according to the manufacturers directions. 20 to 25 min. 4. When ice cream is softly frozen, swerve immediately or place a plastic wrap directly on the ice cream and place in freezer to ripen, 2 to 3 hrs <span />
Answer:
$660,000
Explanation:
WACC = [wD * kD * (1 - t)] + [wE * kE]
WACC = [(0.77 / 1.77)*6.12%* (1 - 0.40)] + [(1 / 1.77)*11.61%]
WACC = 1.60% + 6.56%
WACC = 8.16%
Present value of annuity = Annuity*[1-(1+interest rate)^-time period]/rate
Present value of annuity = $1.67*[1-(1.08156745763)^-9]/0.0816
Present value of annuity = $1.67*6.206374532
Present value of annuity = $10.36 million
NPV = Present value of inflows - Present value of outflows
NPV = $10.36 million - $9.7 million
NPV = $660,000
Answer:
A decrease in the price of unsliced bread, which people consider a substitute for sliced bread.
