1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sleet_krkn [62]
3 years ago
8

"alice purchased a new computer from compu-best, a local computer store. she used the computer for a week when the computer bega

n to malfunction. she returned it to the store, where the store manager assured her that he could repair what he called a "minor problem" in the computer. two months had passed and alice had already returned the computer five times for repair. alice finally gave up and demanded her money back. under these circumstances: "
Business
1 answer:
babunello [35]3 years ago
3 0
Under these circumstances ALICE SHOULD BE ENTITLED TO REVOKE HER ACCEPTANCE BECAUSE SHE ACCEPTED THE GOOD BECAUSE OF THE ASSURANCE BY THE SELLER THAT THE NON CONFORMITY WOULD BE CURED.
Alice has the right to ask for her money back, this is because she was promised that the system will be put in a working condition for her but the local store has refused to do that and Alice had actually returned the system several time without the store been able to repair the fault. The local store has not kept his own part of the bargain and Alice is entitled to back out of the contract. 
You might be interested in
The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable de
fomenos

Answer:

The $286,900 is the net cash which is provided by the operating activities using the indirect method.

Explanation:

The computation of net cash provided by operating activities using the indirect method is shown below:

= Net income - decrease in accounts receivables - increase in prepaid expenses - increase in inventories

= $268,900 + $80,000 - $28,500 - $33,500

= $286,900

The decrease in accounts receivable impact the cash balance in a positive manner. So, it is added whereas, the increase in prepaid expenses and the increase in inventories have a negative impact on cash balance that's why it is deducted.

These transactions have an inflow and outflow of cash. That's why the adjustment is done accordingly

Hence, the $286,900 is the net cash which is provided by the operating activities using the indirect method.

7 0
3 years ago
To analyze a company’s financial leverage situation, you need to measure the firm’s debt management ratios. Based on the precedi
Aleonysh [2.5K]

Answer:

Debt Ratio =15.31%, Times-interest-earned ratio =179.5x

Explanation:

The correct question should come with a preceding information which is as follows

Blue Sky Drone Company has a total asset turnover ratio of 3.50x, net annual sales of $40 million, and operating expenses of $18 million (including depreciation and amortization). On its balance sheet and income statement, respectively, it reported total debt of $1.75 million on which it pays a 7% interest rate.

To analyze a company's financial leverage situation, you need to measure the firm's debt management ratios. Based on the preceding information, what are the values for Blue Sky Drone's debt management ratios?

SOLUTION

values for Blue Sky Drone's debt management ratios is the debt ratio and Times-interest-earned ratio

Given from the information

total debt = $1.75 million

net annual sales = $40 million

total asset turnover ratio = 3.50x

operating expenses = $18 million

interest rate =7% = 0.07

There to calculate the Debt Ratio:

total debt/(net annual sales / total asset turnover ratio)

$1.75 million/($40 million/3.50x) = .1531

=15.31%

To calculate the Times-interest-earned ratio

(net annual sales - operating expenses) ÷ (total debt × interest rate)

$40 million - $18 million = $22 million

$1.75 million x .07 = $122,500

$22 million/$122,500

= 179.59x

5 0
4 years ago
If a stadium has 30,000 seats and tickets are sold at $55 each, what percentage of tickets were unsold if the total ticket sales
11Alexandr11 [23.1K]

Answer:

10% of the total tickets was not sold

Explanation:

Total number of seats in the stadium =Total number of tickets produces=30000

Total ticket sales=Cost per ticket×Number of tickets sold

where;

Cost per ticket=$55

Number of tickets sold=N

Total ticket sales=$1,485,000

Replacing in the expression above;

$1,485,000=55×N

N=1,485,000/55

N=27,000 tickets

Number of tickets sold=N=27000 tickets sold

Total number of tickets=Total tickets sold+Total tickets unsold

where;

Total number of tickets=30000

Total tickets sold=N=27000

Total tickets unsold=S

Replacing;

30000=27000+S

S=30000-27000

S=3000 tickets unsold

Percentage of tickets unsold=(Number of tickets unsold/Total number of tickets)×100

(3000/30000)×100=10%

10% of the total tickets was not sold

7 0
4 years ago
Jiminy's Cricket Farm issued a 30-year, 7.8 percent semiannual bond 5 years ago. The bond currently sells for 92 percent of its
asambeis [7]

Answer:

Pretax cost of debt is 8.58%

after tax cost of debt is 5.15%

After tax cost of debt of 5.15% is more relevant because that reflects the true cost of debt bearing in mind that debt has a tax advantage(tax shield).

Explanation:

The pretax cost of debt can be computed using the rate formula in excel as follows:

=rate(nper,pmt,-pv,fv)

nper is the number of coupons the bond would pay i.e 25years(years to maturity)*2=50

pmt is the semiannual coupon interest=$1000*7.8%*6/12=$39

pv is the present price of the bond=$1000*92%=$920

fv is the face value of $1000

=rate(50,39,-920,1000)=4.29%

Annual yield=4.29%*2=8.58%

after tax cost of debt=pretax cost of debt*(1-t)

t is the tax rate of 40%

after tax cost of debt=8.58%*(1-0.4)=5.15%

6 0
3 years ago
Out of Eden, Inc. is planning to invest in new manufacturing equipment to make a new garden tool. The new garden tool is expecte
Angelina_Jolie [31]

Answer:

Consider the following calculations

Explanation:

                                               Year 1                   Years 2–9        Last Year

Initial investment......................... $(156,000)

Operating cash flows:

Annual revenues (9,000 units × $42).... $ 378,000            $ 378,000        $ 378,000

Selling expenses (5% × $378,000)........(18,900)             (18,900)           (18,900)

Cost to manufacture

(9,000 units × $34.00)* ................... (306,000)           (306,000)        (306,000 )

Net operating cash flows .................. $ 53,100            $ 53,100          $ 53,100

Total for Year 1................................ $(102,900)

Total for Years 2–9 (operating cash flow).....                        $ 53,100

Residual value............................................                                            12,000

Total for last year............................................                                        $ 65,100

====================

the unit manufacturing cost = $7 + $23.4 + $3.6 = $34

6 0
3 years ago
Other questions:
  • Please label the statements as true or false regarding economic booms and busts. With enough careful planning, fiscal and moneta
    10·1 answer
  • When the money supply curve shifts from ms1 to ms2,
    12·1 answer
  • On July​ 7, University Bank lent​ $560,000 to Jazz Music Shop on a 60​ day, 7% note. What is the maturity value of the​ note? (U
    8·1 answer
  • A court is likely to find that the state’s interest in reducing illegal drug activity, along with the associated criminal activi
    5·1 answer
  • When the partners of a business develop an arrangement whereby should one of them die or become permanently disabled, the other
    6·1 answer
  • During the introductory stage of the product life cycle__________.a) The company yields very high profits.b) There is significan
    9·1 answer
  • Determine the value of z.
    15·2 answers
  • Cost of a​ short-term bank loan​) Jimmy Hale is the owner and operator of the grain elevator in​ Brownfield, Texas, where he has
    14·1 answer
  • Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,510 and two j
    12·1 answer
  • Firms or agencies that buy goods and services for their own use or for resale are known as? enterprise customers. ultimate consu
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!