Question:
An express warranty is created when a seller:
A) makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.
B) uses descriptive terms as a part of the bargaining process, but the buyer does not take it into consideration when making the purchase.
C) sells goods meant for use for ordinary purposes.
D) avoids using a sample or model as the basis for the contract.
Answer:
The correct choice is A)
An express warranty is created in the contract when a supplier makes a promise concerning the goods that the buyer can hold on to as an incentive to purchase the product.
Explanation:
For example, if a consumer buys a Laptop online, but when it arrives the item is the wrong specifications, wrong color, or is dented or damaged in anyway, an <em>express warranty</em> might entitle the consumer to a refund or replacement.
This warranty usually is stated upfront prior to or during the execution of the sales transaction.
Cheers!
Answer:
c. $36,070
Explanation:
contribution margin ratio is the ratio of the contribution to sales of an entity for a given period.
contribution margin ratio= contribution/sales
where contribution is the difference between sales and the variable cost
Given;
sales = $137,000
contribution margin ratio = 61% = 0.61
0.61 = contribution/$137,000
contribution = $137,000 × 0.61
= $83,570
Net operating income is the difference between the contribution and the fixed cost.
Fixed cost = $47,500
Net operating income = $83,570 - $47,500
= $36,070
Inspire employees and clarify their vision. Find new and innovative ways to produce and deliver goods and services.
The main function of front-line managers is to oversee departments and employees. According to Lumen Learning, they are responsible for ensuring that the team achieves the goals of the organization.
Conceptual skill. These skills represent the manager's ability to organize and analyze information to improve the performance of the organization. This includes the ability to see the entire organization and understand how the different parts combine to act as an integrated unit.
Human skills are the ability to understand, change, guide, and control the behavior of other individuals and groups, and the ability to communicate, coordinate and motivate people in a cohesive team.
Learn more about the marketing plan at
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Answer:
highly-diversified
Explanation:
Based on the scenario being described within the question it can be said that Steeler Manufacturing would be considered a highly-diversified firm. This term refers to a business/organization that has a wide varied array of operations, all of which are completely unrelated to one another. Which is exactly what Steeler Manufacturing has with it's five subsidiaries. All of which are successful.
Answer:
The correct answer is B. 6.000
Explanation:
Gross profit only includes Sales Revenues and cost of goods sold. So you have to ignore all others. In this case the solution is given for Sales Revenues 10.000 - cost of goods sold 4.000 = Gross profit 6.000. Hope it helps
