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gregori [183]
4 years ago
10

Vicki entered into a written contract to buy a car from Valley Motors. During the negotiations, the sales representative said th

at the car had a two-year full warranty. The written contract included a provision that stated, "This writing is the full and final expression of the parties' agreement; anything said before signing or while signing is irrelevant." The written contract did not include a warranty. Two months after Vicki took delivery of the car, she discovered that the transmission needed to be replaced. Vicki claimed that it was covered by the full warranty. Will Vicki be able to present evidence as to the sales representative's statements concerning the warranty?
Business
2 answers:
icang [17]4 years ago
7 0

Answer:

The answer is NO, SHE WON'T.

Explanation:

This is because  according to the statements, there was a clause in the written agreement that Vicki entered into that, "This writing is the full and final expression of the parties' agreement; anything said before signing or while signing is irrelevant." Thus, the written contract did not include a warranty even though the Sales Representative during selling the vehicle stated verbally that a 2-year warranty was on the vehicle.  Even if she has a recorded evidence of the Sales Representative statements, since the statements are not included in the written contract, then the evidence may be classified as null and of no essence.

Bingel [31]4 years ago
4 0

Answer:

No she won't.

Explanation:

Vicki will not be able to present evidence as to the sales representative's statements concerning the warranty that "This writing is the full and final expression of the parties' agreement; anything said before signing or while signing is irrelevant." thereby excluding the car's warranty.

Hence, any evidence of the discussion of the warranty would most likely be excluded by the parol evidence rule.

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The Most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by 20 percent. In
Aneli [31]

Answer:

$5,006.07

Explanation:

The external financing needed = Projected Increase in Assets - Increase in Liabilities - Increase in Retained Earnings

Projected Increase in Asset = Assets Value*Sales Growth Rate

Projected Increase in Assets = $364,720 * 20%

Projected Increase in Assets = $72,944

Increase in Liabilities = Liabilities * Sales Growth Rate

Increase in Liabilities = $69,600 * 20%

Increase in Liabilities = $13,920

<em>To calculate the Increase in Retained Earning, the below calculations are needed:</em>

a. Profit Margin Rate = Net Income / Sales * 100

Profit Margin Rate = 75,000 / 751,000 * 100

Profit Margin Rate = 9.99%

b. Dividend Payout Ratio = Dividend / Net Income * 100

Dividend Payout Ratio = 30,000 / 75,000 * 100

Dividend Payout Ratio = 0.4

Dividend Payout Ratio = 40%

Retention Rate = 1 - Dividend Payout Ratio

Retention Rate = 1 - 0.40

Retention Rate = 0.60

Retention Rate = 60%

c. Expected Sales = $751,000 * 1.20 = $901,200

So, the Increase in Retained Earning = Expected Sales * Profit Margin * Retention Rate = $901,200 *9.99% * 60% = $54,017.93

Therefore, External Fund Needed = $72,944 - $13,920 - $54,017.93 = $5,006.07

3 0
3 years ago
When evaluating an investment, the MNC should consider the ____________ cash flows generated by the project.
Nuetrik [128]

Answer: c. Incremental

Explanation:

Simply put incremental cashflow is the additional cashflow that accrues to a company when it takes on a new project. The Multinational company should therefore consider this when they are accepting a project.

If the new project has a positive incremental cashflow, it will add to the cashflows of the company and so should be initiated as opposed to those with negative incremental cashflows.

6 0
3 years ago
What are 2 characteristics for intellectual property rights? (in Entrepreneurship)​
elena-14-01-66 [18.8K]
<h2>Copyright Protection </h2>
  • A copyright will protect the following categories of works:

literary works

  • musical works, including any accompanying words
  • dramatic works, including any accompanying music
  • pantomimes and choreographic works
  • pictorial, graphic and sculptural works
  • motion pictures and other audiovisual works
  • sound recordings
  • architectural works
  • computer programs (sometimes the graphical user interface) and websites
<h2>Patents </h2>

Patents protect processes, methods and inventions that are "novel," "non-obvious" and "useful." If granted, a patent gives you a 20-year monopoly on selling, using, making or importing an invention into the United States.

(These are 2 characteristics of property rights)

5 0
3 years ago
you have the choice of two equally risk​ annuities, each paying​ $5,000 per year for 8 years. one is an annuity due and the othe
Juli2301 [7.4K]

You have the option of two equally risk​ annuity, each paying​ $5,000 per year for 8 years. The is an annuity due and the other is an ordinary annuity. If you are going to be receiving the annuity​ payments, the annuity due would you choose to maximize your​ wealth.

What is an Ordinary Annuity?

An ordinary annuity is a series of equal payment made at the end of consecutive periods over a fixed length of time. An standard annuity's payments can be paid as frequently as weekly, although in reality they are typically made monthly, quarterly, mid-annually, or yearly. An annuity due is the reverse of a Ordinary annuity in that payment are issued at the start of each period. Although they are connected, these two payments schedules differ from the financial instrument known as an annuity.

Learn more about Ordinary Annuity here:

brainly.com/question/14963095

#SPJ4

4 0
1 year ago
We can imagine the financial manager doing several things on behalf of the firm’s stockholders. For example, the manager might d
s2008m [1.1K]

<u>Answer:</u>

<em>a. Make shareholders as wealthy as possible by investing in real assets.</em>

<u>Explanation:</u>

We can imagine the <em>financial manager </em>doing several things on behalf of the firm’s stockholders. For example, the manager might do is make the shareholders as wealthy as possible by<em> investing in real assets</em>.

The shareholders has <em>paper financial leverage</em> and only the value of decomposition of the firm increases, it means that the shareholders have the ability to do the <em>financial leverage.</em>

And the hell used to decompose in the market which it is good to I must be have to the ability to do it in a simple way to think in <em>a simple language.</em>

7 0
3 years ago
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