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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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Which of the following statements is correct?A.The payment of a cash dividend reduces net income.B.Cash received from issuing co
ioda

Answer:

B.Cash received from issuing common stock to stockholders is reported as a financing activity cash flow within the statement of cash flows.

Explanation:

As when common stock is issued, it provides cash to the company, for any kind of investments, or expense to be made, for running the business.

Financing activities are those which arrange monetary assets generally cash for the company, issue of securities, issue of bonds, borrowings as loans or note payable.

Thus, the statement B is correct.

Further dividends are provided after tax, and are distribution from net income, but not shown under that.

Providing services on account will provide revenue and net income will increase.

Purchasing of any equipment is investing as it will create an asset for the company.

7 0
3 years ago
Corey notices a "backlash" against health food among people who eat out. He decides to open a restaurant that stresses "good hom
Llana [10]

Answer:

<u>Opportunity</u>

Explanation:

Corey notices a "backlash" against health food among people who eat out. He decides to open a restaurant that stresses "good home cooking" heavy with gravies , bread , oils , etc. Corey has identified and is trying to capitalize on an opportunity in the market environment.

O<em>pportunities are external thin</em>g .<em> You have to look for them , it is not something which come to you by it own .Instead you have to work hard for </em>it.

You should have the full knowledge about the external environment . You should have the knowledge about the market about people and should know about the taste and preferences of the people.

There is always an opportunities you just need to identify it . Here <em>Corey identify the need and he have the means to fulfill that need which als</em>o <em>essential</em> . Only identifying the opportunities is not the only thing but also you have the means to fulfill them . After that you can gain benefits.

7 0
3 years ago
Godfrey Corporation holds, as a long-term investment available-for-sale securities costing $69,000. At December 31, 2017, the fa
kodGreya [7K]

Answer:

Godfrey Corporation

GOLDFREY CORPORATION

Balance Sheet (Partial)

December 31, 2017

Noncurrent assets:

Investments:

Investment In Stock, at fair value  $64,100

Stockholders' Equity:

Common stock

Retained earnings

Less :

Unrealized loss  $4,900

Explanation:

a) Data and Calculations:

Long-term investment available for sale:

Cost =               $69,000

Fair value             64,100

Unrealized loss  $4,900

b) The correct entry would have been to reduce the net income by the unrealized loss.  However, for simplicity, this is showed as a reduction of the Retained Earnings in the balance sheet.

5 0
3 years ago
A good economic theory is best described as one that:: A. Is true. B. Realistically depicts the real world economists are trying
ollegr [7]

Answer:

b.

Explanation:

thats my answer my module

8 0
3 years ago
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.9 pound
Stella [2.4K]

Answer:

Childress Company

Orders for K1 should be filled first.

Orders for G9 should be filled second.

Orders for S5 should be filled third.

Explanation:

a) Data and Calculations:

                                                               K1            S5           G9

Direct materials per unit (pounds)       4.9           2.4           5.4

Materials available for production = 58,400

Selling price                                      $ 167.40  $ 99.28  $ 210.02

Variable costs                                       89.00     76.00      149.00

Contribution margin per unit           $  78.40  $ 23.28   $   61.02

Contribution margin per pound         $16          $9.70       $11.30

Orders for K1 should be filled first

Orders for G9 should be filled second

Orders for S5 should be filled third.

b) This order filling sequence will maximize the contribution margin per pound, ensuring the highest efficient use of the limited materials available for production.

3 0
2 years ago
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