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Bogdan [553]
4 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]4 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.

You might be interested in
Find the after-tax return to a corporation that buys a share of preferred stock at $40, sells it at year-end at $40, and receive
timofeeve [1]

Answer:

9.10%

Explanation:

Data provided in the question:

Buying cost of the preferred stocks = $40

Selling cost of the preferred stock = $40

Dividends received = $4

Now,

The total before-tax income = Dividend received =  $4

After the 70% exclusion for preferred stock dividends,

The taxable income = 0.30 × $4

= $1.20

Thus,

Taxes = 0.30 × $1.20

= $0.36

Therefore,

The After-tax income

= $4.00 - $0.36

= $3.64

Hence,

Rate of return = [ After-tax income ÷ Buying cost ] × 100%

= [ $3.64 ÷ $40.00 ] × 100%

= 9.10%

6 0
3 years ago
Which types of costs are associated with transactions that can result in damage to the environment, human health, and property?
Zina [86]

Answer:

The costs associated with this type of transactions are the following:

1. Internal costs

2. Traditional market costs

3. External costs

4. Tangential costs

5. External costs

Explanation:

This is the economic value assigned to the negative effects of a productive activity for society (pollution, lost soil fertility, etc.).  For many years, the traditional economy has ignored both environmental and social costs. However, true economic integration must go hand in hand with the implementation of regulatory measures that do not restrict economic activity and contribute to sustainable development, which includes in all cases an environmental management of the resources where it is involved. citizens, not as a pressure group, but as participants in making decisions with environmental consequences.

It is precisely in this scheme where environmental economics arises as a discipline to seek or at least raise favorable paths that lead to optimization in the exploitation of natural resources, whose reserves are scarce.

6 0
4 years ago
Kingbird Company has five employees participating in its defined benefit pension plan. Expected years of future service for thes
viktelen [127]

Answer:

Total number of years remaining for employees = 3 + 4 + 5 + 6 + 6 =  24 years.

Projected benefit of $88,560.

Year                                                                           Annual Amortization

2020    88,560 * 5/24                                                      $‭18,450‬

2021      88,560 * 5/24                                                     $‭18,450‬

2022      88,560 * 5/24                                                    $‭18,450‬

2023      88,560 * 4/24                                                    $‭14,760‬

2024      88,560 * 3/24                                                    $‭11,070‬

2025     88,560 * 2/24                                                     $‭7,380‬

Total                                                                                 $88,560

Every year the projected benefit is amortized by the number of employees still working divided by the total number of years for all the employees.                                                                      

8 0
3 years ago
Trey sells consumer electronics. He knows his customers weigh the costs versus the benefits associated with the different option
jekas [21]

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the most appropriate answer is option (D) because value-based based sales-oriented business shows the concept that the seller provides the service of the more value as regarding the money charged to the customer.  

While the other options are not correct because of the following reasons:

  • Option (A) is not correct because retailing oriented business shows that the seller establishes a shop for the sale and the buyer chooses the product as he likes it.
  • Option (B) is not correct because the market-oriented business shows the concept of selling according to the market needs.
  •  Option (C) is not correct because production-oriented business shows the concept of selling on the basis of production of the product.
7 0
3 years ago
Classify the following items as (a) accrued revenue, (b) accrued expense, (c) unearned revenue, or (d) prepaid expense: 1. A two
monitta

Answer: Classification

Explanation:

Accrued revenue

1. Fees earned but not yet received

Accrued Expense

These are expenses that have been incurred but not yet paid for in the current accounting period.

1. Salary owed but not yet paid.

2. Taxes owed but payable in the following period.

3. Utilities owed but not yet paid.

Unearned Revenue

This represents income received before it is earned and they represent a liability to the receiver.

1. Fees received but not yet earned.

2. Subscriptions received in advance by a magazine publisher.

Prepaid Expense

They are expenses paid in advance

1. A two year premium plan paid on insurance policy

2. Supplies on hand.

8 0
4 years ago
Read 2 more answers
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