(the flexibility basically)
definition-able to resume its normal shape spontaneously after contraction, dilatation, or distortion.
Answer:
price variance: <em>1</em><em>3</em><em>,</em><em>0</em><em>50 favorable</em>
quantity variance:<em> -1,760 unfavorable</em>
Explanation:
standard quantity 5
standard price 1.1 per pound
actual quantity for 4900 units
8000 + 25,500 -7,400 = 26,100 pounds
standard quantity 4,900*5= 24,500
actual price 15,300/25,500 = 0.60
standard price = 1.10
Because actual is lower than STD the company saved money spending. It is favorable.
Because the company used more pounds than STD the quantity variance is unfavorable
Answer:
The total surplus will fall because there will be a shortage of apartments
Explanation:
Answer:
One company pays 100%, the other re-reimburses 50%
Explanation:
If an environmental assessment found that the two companies share joint and several liability for a hazardous materials cleanup.
What could happen if the two of them don't agree to cooperate in the cleanup is that one of the companies will eventually settle the costs fully while the other party will have to reimburse the party that pays, 50%.
The paying company could make claims because the environmental impact assessment has already found both companies jointly liable. hence each company ought to jointly share the costs
Answer:
Product Implied Warranty
According to the Uniform Commercial Code, a product warranty guarantees that a product will work when used for its intended purposes. There are two key types of implied warranties: merchantability and fitness. The implied warranty of merchantability states that a product will meet reasonable expectations of the buyer. The implied warranty of fitness means that the product will meet the buyer's intended use.
Based on the above, we can conclude that the implied warranty of merchantability actually exists for the hair dryer. However, Patrick clearly violated it in this situation through the accident of dropping it in water.
Having thus violated the warranty, he cannot reasonably recover any damages from the company.
Explanation:
a) Facts of the case:
1. Every hair dryer is properly labeled and contains safety precautions against misuse.
2. The SF9000 hair dryer that Patrick purchased functioned properly for a month.
3. Patrick accidentally drops the hair dryer in water, causing him an electric shock.
4. Patrick sues for breach of the implied warranty of merchantability.
