Answer:
a. an express warranty.
Explanation:
An express warranty -
It is the insurity given by the seller in order to give the replacement or repairs for any of the faulty product or services , within a particular time frame after purchasing the product , is known as an express warranty .
It helps to make sure about the product the buyer have purchased and for any repairs in the future .
Hence , from the question , the example shown is about an express warranty .
Answer:
The answer is given below;
Explanation:
The seller can hold amount to the maximum of $10,000 from earnest money deposit.The same will be placed in state pool trust account where the interest will be payable to the state. The difference of $2,000 may be repaid to the buyer subject to conditions of the agreement.
Answer:
$4,500
Explanation:
Interest expense is deductible so, you will need to <u>deduct the amount of interest</u> expense from income, and then calculate the percentage of taxes to pay.
Interest paid (deductible) = .05* 100,000 = 5,000
Income - interest expense: 20,000-5,000 = $15,000
Taxes: .3 * 15,000 = $4,500
Answer:
c) managerial and marketing knowledge developed at home can be used abroad with low marginal costs.
Explanation:
Low marginal cost represents low cost associated with the functioning of bank at low cost for each additional transaction of business. This basically provides for low costing.
Since the bank is able to exercise the low marginal cost in domestic market it expects to have a low marginal cost in international market also with the expertise of management.
As the bank feels confident with the management that it would be able to keep the cost low even in international domains thus, it expects low marginal cost in international domains also.
