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Mamont248 [21]
4 years ago
6

Karen decided to sell her stair step exerciser, because she wasn't using it as much as she thought she would. Her friend Lydia b

ought it from Karen for $100. The first day that Lydia used the exerciser, it fell apart, injuring Lydia's ankle. Lydia:
a.can sue Karen for breach of the warranty of merchantability, because the exerciser is not fitfor the ordinary purpose intended.
b.cannot sue Karen for breach of the warranty of merchantability, because Karen did not expressly warrant the quality of the exerciser.
c.cannot sue Karen for the warranty of merchantability because Karen is not a merchant.
d.cannot sue Karen, because they are not in privity of contract.
Business
1 answer:
klemol [59]4 years ago
4 0

Answer:

The correct answer is letter "C": cannot sue Karen for the warranty of merchantability because Karen is not a merchant.

Explanation:

A warranty of merchantability is an implied unwritten and unspoken warranty stating that consumers of products are to give use and care of those goods according to the purpose of what the product was made and that the good must meet an average quality and value compared to similar products. If the product has failures, the consumer could suit the merchant for providing a good that does not meet with its inherent benefits.

Thus, <em>as Lydia bought the stair-step exerciser from Karen, she cannot sue Karen under warranty of merchantability after it fell apart since Karen is not a merchant.</em>

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Donna runs an inn and charges $300 a night for a room, which equals her cost. Sam, Harry, and Bill are three potential customers
alina1380 [7]

Answer:

a. $25

Explanation:

According to the given situation, the computation of deadweight loss of the tax is shown below:-

Deadweight Loss = 1 ÷ 2 × 1 × ($350 - $300) = 1 ÷ 2 × ($50)

Or, Deadweight Loss = 1 ÷ 2 × ($50)

Or,  Deadweight Loss = $25

Therefore the correct option is a. $25

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6 0
3 years ago
Required information Skip to question [The following information applies to the questions displayed below.] ABC Company prepared
vodka [1.7K]

Answer:

A. $32,000

B. Dec 31

Dr Bad debts expense $18,600

Cr Allowance for doubtful accounts $18,600

C. Dec 31

Dr Bad debts expense $34,400

Cr Allowance for doubtful accounts $34,400

Explanation:

a. Calculation to Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method

Accounts receivable

Not due $ 410,000

1 to 30 $ 104,000

31 to 60 $ 50,000

61 to 90 to$ 32,000

Over 90 $44,000

Total Accounts receivable $640,000

Estimate the balance of the Allowance for Doubtful Accounts=$640,000*5%

Estimate the balance of the Allowance for Doubtful Accounts=$32,000

Therefore the Estimated balance of the Allowance for Doubtful Accounts will be $32,000

b. Preparation of the adjusting entry to record Bad Debts Expense from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $13,400 credit.

Dec 31

Dr Bad debts expense $18,600

Cr Allowance for doubtful accounts $18,600

($32,000-$13,400)

(To record Bad Debts Expense)

c. Preparation ofn the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $2,400 debit.

Dec 31

Dr Bad debts expense $34,400

Cr Allowance for doubtful accounts $34,400

($32,000+$2,400)

(To record bad debts expense )

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3 years ago
You have $200 in your account. You are very responsible. What is the maximum amount of money you should spend? A. $199. B. $225.
Ahat [919]
A because you dont want to waist lots of money 
7 0
4 years ago
Read 2 more answers
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zloy xaker [14]

Usually, a change of course such as the change in this company operation would be outlined in the firm's product vision statement.

<h3>What is product vision statement?</h3>

A product vision statement is a statement that is use as a guide or reminder to all the stakeholders involved in a product's development and also entails the objective they are aiming to achieve.

Usually, the product vision statement will reflect the change if the change of organization course occur.

In conclusion, the change of course such as the change in this company operation would be outlined in the firm's product vision statement.

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2 years ago
Why do politicians often establish trade barriers even though the barriers usually do more harm than good
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They are incentivized to create policies that disperse costs over a large number of people but benefit small, powerful groups.

<h3>Why do government use trade barriers?</h3>
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<h3>What is the biggest reason for trade barriers?</h3>
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  • Because its declared goal is to safeguard or advance specific businesses or economic sectors, trade barriers are frequently referred to as "protection."

<h3>Are trade barriers good or bad?</h3>
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  • As a result, there is a net decrease in income, employment, and economic production.

<h3>Which type of trade barrier is used for political purposes?</h3>
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  • The embargo is the toughest kind of trade restriction and is typically implemented for political reasons to harm a nation's economy.
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