Renita, a merchant, has received a signed, written confirmation from Merchants, Inc. referring to goods she had not ordered. Renita should object to the confirmation in writing within 10 days. This is further explained below.
<h3>What are Merchants?</h3>
Generally, trades in bulk, particularly with nations outside of the country or provides products to a certain industry.
In conclusion, Merchants, Inc. sent Renita a signed, written confirmation for products she didn't purchase, and Renita is a merchant. Within 10 days, Renita shall provide written confirmation of the agreement.
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Complete Question:
If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that repairs only one or the other, this would be an example of __________.
Group of answer choices
A. economies of scope
B. economies of scale
C. monitoring
D. increasing transactions costs
Answer:
A. economies of scope
Explanation:
If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that does only one or the other, this would be an example of economies of scope.
Economies of scope can be defined as an economic factor which makes proportionate savings possible as well as reducing the cost of production when products are manufactured together instead of manufacturing them individually or separately.
Answer:
Tourism
Explanation:
Tourism is the act of spending time away from home for the purpose of vacation, relaxation, etc It involves moving people from one place to the other to another place.
Cheers.
Answer:
Product warrant liability to be reported as on 31.12.2021* is $3.124
<em>*The procedures are attached in a microsof excel document. </em>
Explanation:
This amount will be recognized as a liability only if product warranty amount can be rmeasured reliabily and there is probability that there will be an outflow of funds.
Answer:
(196.97,187.03)
Explanation:
Formula for Confidence interval is : avg repair bill (a) ± (Z×SD)÷√(sample size)
average repair bill (a) = $192
Z at 98% confidence level = 2.326
Sample Size = 14
Standard Deviation (SD) = $8
Confidence Interval = 192 ± 2.326*8÷√(14) = {(192 + 4.97),(192 - 4.97)} = {196.97,187.03}