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Shkiper50 [21]
4 years ago
11

Wolfgang operates an upholstering business. He contracted to reupholster a sofa for Hans, and to do the work at Hans' home. Afte

r the work was complete, Hans failed to pay the agreed price. Wolfgang wants to assert a lien against the sofa in order to collect the money due to him. Is Wolfgang entitled to a lien under these circumstances?
A. Yes, because he is an artisan who improved personal property.
B. Yes, because Hansowes a debt based on the contract to improve the sofa
C. No, because he is not an artisan who improved personal property.
D. No, because he has no possession of the sotato claim lien.
Business
1 answer:
Roman55 [17]4 years ago
6 0

Answer:

B.

Explanation:

Based on the information provided within the question it can be said that in this scenario Wolfgang is entitled to a lien because Hans owes a debt based on the contract to improve the sofa. Regardless of what kind of contract, both parties entered an agreement and only Wolfgang held up his part of the agreement. Therefore Hans owes Wolfgang payment, and failure to do so entitles Wolfgang to a lien.

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On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on Septemb
ELEN [110]

Answer:

The correct answer is $60,000.

Explanation:

According to the scenario, the given data are as follows:

Expenditure for Jan.1 = $334,000

Time period ( Jan.1 - Dec.31 ) = 12 months

So, average expenditure = $334,000

Similarly, Expenditure for Sep.1 = $498,000

Time period ( Sep.1 - Dec.31 ) = 4 months

So, average expenditure = $498,000 × 4÷12 = $166,000

Now, Expenditure for Dec.31 = $498,000

Time period ( Dec.31 - Dec.31 ) = 0 months

So, average expenditure = $498,000 × 0÷ 12 = 0

So, capitalized interest = ( average expenditure Jan.1 + average expenditure Sep.1 + average expenditure Dec.31) × 12%

= ($334,000 + $166,000 + $0) × 12%

= $500,000 × 12%

= $60,000

3 0
4 years ago
The central bank of the country Iberia recently announced a reduction in the interest rate by 150 basis points. Following this a
dmitriy555 [2]

Answer: (D.) The Iberian economy is going through a period of deflation.

Explanation:

Real interest rate can be denoted using the following formula. i.e.,

Real interest rate = Nominal Interest rate - Inflation.

∴ In this particular case the Real interest rate will rise only if the economy is going through a period of deflation and deflation rate is larger than fall in interest rate.

4 0
3 years ago
How much money should be deposited annually in a bank account for five years if you wish to withdraw ​$5 comma 500 each year for
Zarrin [17]

Answer:

The initial deposit should be $ 25.46

Explanation:

The Annuity formula is

P=R [1−(1+i)^-n/i]⋅(1+i)

Where

P= Initial deposit

R=Regular Withdraw amount

i=Interest rate

n=Number of years/periods

After entering corresponding values in the formula we get $25.46

so P (which is our initial deposit)=25.46

6 0
3 years ago
g Suppose you have a possible investment that costs $100 today but, starting one year from now, pays $5 in some years with proba
Goryan [66]

Answer:

Expected NPV=$666.67

Explanation:

Initial Cost=$100

NPV in case cash inflow is $5=-100+5/1%=$400

NPV in case cash inflow is $8=-100+8/1%=$700

NPV in case cash inflow is $10=-100+10/1%=$900

Expected NPV=(1/3)*400+(1/3)*700+(1/3)*900=$666.67

5 0
4 years ago
The projected growth in buyer demand for private-label athletic footwear is.
Naily [24]

The projected growth in buyer demand for private-label athletic footwear is:

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<h3>What is Projected Growth?</h3>

This refers to the estimated rate by which a particular thing would change in demand in a given time frame which would lead to its growth.

With this in mind, we can see that based on the study made about the private-label athletic footwear, the projected growth was pegged at 5-7% annually.

Read more about projected growth here:
brainly.com/question/14735178

7 0
3 years ago
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