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Bogdan [553]
3 years ago
15

Cindy goes to the lumber yard to buy lumber for a deck that she is building. She tells the salesperson at the lumber yard that s

he is relying on him to select the right lumber for a project. She buys the lumber and builds the deck. The deck collapses because the lumber was not strong enough to support it. What type of warranty most likely has been breached?a. Express
b. Implied warranty of merchantability
c. Implied warranty of fitness for a particular purpose
d. None
Business
1 answer:
aivan3 [116]3 years ago
7 0

Answer:

<em>c. Implied warranty of fitness for a particular purpose </em>

Explanation:

The warranty of fitness for a particular purpose is inferred whenever a purchaser depends on the supplier to pick the products to fit a particular query.

For instance, if a customer asks a mechanic to supply winter tires and receives tires that are unfit for use in weather, this warranty is breached.

It is also possible to explicitly revoke this implicit warranty by name, thus moving the threat of unfitness back to the purchaser.

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If a customer buys $10,000 worth of stock in a cash account, then sells the shares for $12,000 without first paying for the buy
katovenus [111]

Answer:

B) II and III.

Explanation:

Based on the information given the statement that are TRUE are II and III

II. The amount of $2,000($10,000-$12,000) which is the profit for the business will be given to the customer but the customer account will have to be frozen or put on hold for 90 days because the customer had not paid for the buy side before selling the shares for the amount of $12,000

III. In a situation where customer paid the amount for the buy side in full either before or after the fifth business day which is the day that follows the trading date, the customer account that had be frozen will be unfrozen or lifted because the buy side amount had be paid in full.

3 0
3 years ago
Select the items that describe how business investments can cause economic growth.
NikAS [45]
Investments can lead to more demand for goods. Investment means an increase in capital spending and is a component of Aggregate Demand (AD), if there is an increase in investment it will help to boost AD and therefore economic growth.
4 0
3 years ago
The increasing participation of women in the labor force has been termed the:
Effectus [21]
<span>Women participating in the labor force is known as shattering the glass ceiling. The term originated in the 1980s and refers to woman who are moving up in the business world.</span>
3 0
3 years ago
The market value of​ Fords' equity, preferred stock and debt are $ 6 ​billion, $ 2 ​billion, and $ 12 ​billion, respectively. Fo
aniked [119]

Answer:

10.12 %

Explanation:

Weighted Average Cost of Capital (WACC) is the cost of permanent sources of capital pooled together. It shows the risk of the business and is used to evaluate projects.

WACC = Cost of equity x Weight of Equity + Cost of Debt x Weight of Debt + Cost of Preference Stock x Weight of Preference Stock

<u>Remember to use the After tax cost of debt :</u>

After tax cost of debt = Interest x (1 - tax rate)

                                    = 10​% x ( 1 - 0.40)

                                    = 6.00 %

<u>Cost of equity :</u>

Cost of equity = Return from Risk free security + Beta x Risk Premium

                        = 4.00 % + 1.8 x 8.00%

                        = 18.40 %

<u>Cost of Preference Stock :</u>

Cost of Preference Stock  = Dividend / Market return x 100

                                            = $2.50 / $ 25 x 100

                                            = 10%

therefore,

WACC = 18.40 % x 30 % + 6.00 % x 60 % + 10.00% x 10%

           = 10.12 %

thus,

Ford's weighted average cost of capital is 10.12 %

6 0
3 years ago
Ava’s Sweets wants to protect its company’s logo and name. What should Ava do?
Trava [24]
B because this is common sense
6 0
3 years ago
Read 2 more answers
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