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Levart [38]
3 years ago
13

Dan, a computer programmer, holds a garage sale to sell a lawnmower, some clothes, some CDs and some old clothes. Will, a lawyer

, sells Thelma his collection of seashells. Philip, a CEO of a successful company, sells George his pet parakeet. Judy, an expert horse trainer, sells Bob a horse. Which person would be considered a merchant under the UCC?
A. Dan.
B. Will.
C. Judy.
D. Philip.
Business
1 answer:
Mama L [17]3 years ago
6 0

Answer:

<em>C. Judy</em>

Explanation:

A merchant underneath the Uniform Commercial Code is an individual who:

  • <em>Trades on items such as those included in the sales agreement. </em>
  • <em>Through profession, it considers itself to have unique skills and knowledge relating to the activities or products involved in the deal. </em>
  • <em>Hires a merchant as a dealer, broker or any other distributor.</em>

An individual is a merchant whenever, working in a professional context, he or she possesses or utilizes skills related specifically to both the products and services being offered.

<em>Judy is an expert in horse training, therefore possess skills, that will offer her an advantage in selling horses.</em>

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Read the following email, which Jim sent to his team. Then choose the answer below that best explains what is wrong with the ema
mars1129 [50]

Answer and Explanation:

The subject of the email is too long and contains all the information. The subject should have been: Proposal draft due on Friday. Rest of the information should have been included in the body of the email.

8 0
3 years ago
Other things held constant, which of the following actions would increase the amount of cash on a company's balance sheet? Group
Yakvenalex [24]

Answer:

The company issues new common stock.

Explanation:

As we know that the cash balance have the debit balance so if there is increase in cash balance so the balance would remain in debit itself

In the given choices, the company issues common stock which increases the cash balance and the journal entry is as follows

Cash Dr XXXXX

      To Common stock XXXXX

(Being the common stock is issued for cash)

And, the rest transactions shows the outflow of cash

6 0
3 years ago
The current rates for an 80/20 mortgages are 4.15% for the first mortgages and 9.75% for the second mortgage. On a $200,000 30 y
olganol [36]

Answer: The actual rate of the mortgage is 5.27%.

Since we're taking two mortgages for a total of $200,000 for 30 years, we can find the actual rate of the mortgage by finding the weighted average of the two rates. The weights in this case will be the proportion of loan taken at each rate

We have

Rates       Weights      Rates * Weights

4.15            0.80     4.15 * 0.80 = 3.32

9.75             0.20    9.75 * 0.20 = 1.95      

Total                                             5.27%  

5 0
3 years ago
Vandermark Credit Corp. wants to earn an effective annual return on its consumer loans of 14.75 percent per year. The bank uses
gulaghasi [49]

Answer:

13.76%

Explanation:

The computation of the interest rate required by law is shown below:

As we know that

Effective annual rate = (1 + Annual percentage rate ÷ number of days)^number of days - 1

0.1475 = (1 + Annual percentage rate ÷ 365)^365 - 1

(0.1475 + 1) = (1 + Annual percentage rate ÷ 365)^365

(1.1475)^ × (1 ÷ 365) = 1 + Annual percentage rate ÷ 365

So, the Annual percentage rate is

= [(1.1475)^ × (1 ÷ 365) - 1] × 365

= 0.1376

= 13.76%

4 0
3 years ago
Which of the following statements is CORRECT?a. If a company's beta is halved, then its required return will also be halved.b. B
olganol [36]

Answer:

C. The slope of the security market line is equal to the market risk premium, (rM - rRF).

7 0
3 years ago
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