Answer:
3.45% (Approx)
Explanation:
Given:
NAV at ending = $14
NAV at starting = $14.50
Capital gain = $1
Computation of net rate of return :
Rate of Return = [(NAV at ending - NAV at starting + Capital gain) / ( NAV at starting)] × 100
= [($14 - $14.50 + $1) / ($14.5)] × 100
= [$0.50 / $14.5] × 100
= [0.0344827586] × 100
= 3.44827586%
= 3.45% (Approx)
Answer:
Maxwell will win this case, as per division 2 of UCC, seller bears the cost for loss under implied warranty of fitness, if the goods do not meet the ordinary purpose or is inefficient.
Explanation:
Given in this case, Maxwell is applying "Universal Commercial Code (UCC)" division 2 provision, which defines all the goods and services.
A movable property, which can be sold from seller to the buyer at certain prices are called goods. Therefore, in this case, "Raw Cream" comes in the definition of goods, as it is directly sold to Maxwell by the grocery shop.
Maxwell will win this case, as per division 2 of UCC, seller bears the cost for loss under implied warranty of fitness, if the goods do not meet the ordinary purpose or is inefficient.
Answer:
Absolute value of the price elasticity of demand = 6.8 (ELASTIC)
Explanation:
<em>(See attached)</em>
