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Lena [83]
4 years ago
14

express warranties arise when a seller or lessor indicates any of the following:1. that the goods conform to any AFFIRMATION (de

claration that something is true) OF FACT or PROMISE that the seller or lessor makes to the buyer or lessee about the goods. such affirmations or promises are usually made during the bargaining process (ex these will easily penetrate stainless steel, and w/o dulling)2. that the goods conform to any DESCRIPTION of them. (ex contract or label on crate)3. that the goods conform to any SAMPLE OR MODEL of the goods shown to the buyer or lessee. (ex ordering a juicer but being sent an older model. breach of an express warranty because dealer warranted juicer would be the same model shown.
Business
1 answer:
Anastaziya [24]4 years ago
8 0

Answer:

The answer is: 1. that the goods conform to any AFFIRMATION (declaration that something is true) OF FACT or PROMISE that the seller or lessor makes to the buyer or lessee about the goods. such affirmations or promises are usually made during the bargaining process (ex these will easily penetrate stainless steel, and w/o dulling)

Explanation:

Express warranties are warranties that are clearly stated by the seller either verbally or in writing during the bargaining process.

Express warranties are created by a seller's affirmation of any promise which relates to the product sold during the bargaining process. If the seller provides any description of the product during the bargaining process, this description becomes an express warranty. Any sample that is shown by the seller during the bargaining process becomes part of the express warranty (the product should be the same as the one shown).

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What are some advantages of interactive media ? Give example. <br> Tks all &lt;3
Helen [10]

i think interactive media is almost every social media but im not 100% sure

4 0
3 years ago
Read 2 more answers
Your neighborhood self-service laundry is for sale and you consider investing in this business. For the business alone and no ot
Oduvanchick [21]

Answer:

  • The complete present value calcuation is below.

  • The net present value of this project is: $77,930.58 (assuming a value for the sale of the business equal to the purchase price).

Explanation:

For this problem, the first and basic question is:

  • <em>Prepare a net present value calculation for this project. What is the net present value of this project?</em>

<em />

<h2>Solution</h2>

The net present value is equal to: the present value of the future cash flows less present value of the investements.

<u>1. Present value of the future cash flows:</u>

The discount factor is equal to 1 / [1 + (1 + r)ⁿ]

Where:

  • r = 5% = 0.05
  • n = the number of year

Year     Cash flow     Discount factor     Present value

1            $30,000       1/(1 + 0.05)             $30,000/1.05 = $28,571.43

2           $30,000       1/(1 + 0.05)²           $30,000/(1.05)² = $27,210.88

3           $30,000       1/(1 + 0.05)³           $30,000/(1.05)³ = $25,915.13

4           $30,000       1/(1 + 0.05)⁴           $30,000/(1.05)⁴ = $24,681.07

5           $30,000       1/(1 + 0.05)⁵           $30,000/(1.05)⁵ = $23,505.78

5           $240,000*   1/(1 + 0.05)⁵           $240,000/(1.05)⁵ = $188,046.28

*For the year 5 you must also consider the value of the business, which is unknow. You should have some information about it. Although unrealistic, at this stage we can just assume a value: let's say it is the same purchase price: $240,000. That is what the last line shows:

The discount the value of the value of the business is:

  • $240,000 / (1.05)⁵ = $188,046.28

The total present value of the future cash flows is the sum of the present values of all the cash flows:

$28,571.43 + $27,210.88 + $25,915.13 + $24,681.07 + $23,505.78 + $188,046.28 = $317,930.58

<u>2. Calculate the net present value:</u>

  • Net present value =

                     = Total present value of future cash flows - investment

  • Net present value = $317,930.58 - $240,000 = $77,930.58
5 0
3 years ago
Romney's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared.
DerKrebs [107]

Answer:

Net income = $3,560

Explanation:

                                       Romney's Marketing Company

                                        Multi-step income statement

                               For the Year ended December 31 20YY

Sales revenues 37,250

Less: Cost of goods sold = 0

Gross profit                                                          = 37,250

Less: Operating expense:

Wages expense                                 = $19,000

Depreciation expense                       = $1,750

Utilities expense                                = $320

Insurance expense                            = $780

Rent expense                                     = $9,800

Total operating expense                   = ($31,650)

Add: operating income:

Rent revenue                                      =  $560

Total operating income                                         = $6,160

Other operating income

Interest revenue                                                    = 160

Net income before taxes                                      = $6,320

Income tax expense                                              = $2,760

Net income                                                             = $3,560

4 0
4 years ago
A music venue offers all of its customers a 40 percent discount on concert tickets for regional bands. It also offers an additio
12345 [234]

Answer:

2 tickets

Explanation:

the cost of membership is $25.

Cost of a ticket is $25

All cost get a 40 % dicsount

membersships earns a further 10% discount

total discount ofr membership eqauls 50%( 40+10)

There fore a member pays $ 12.5 { (50/100) $ 25) } for ticket

To get back cost of membership which is $25, a member need to buy 2 tricke { $25/12.5}

8 0
3 years ago
"We chose this plan because it would benefit the majority of you, and harm the fewest" would be an example of using this perspec
Alborosie

Answer:

utilitarian perspective      

Explanation:

In simple words, utilitarian approach refers to a method for making decisions in case of ethical dilemmas. Under this approach, the decision making authority makes judgement by focusing on the greater good, that is, making judgement that benefits the most of the individuals and harm the least.

This theory states that every party's interest should be taken into consideration equally as every related individual to the judgement is capable of suffering . However this approach is used when it is not possible to benefit all the stakeholders equally.

6 0
3 years ago
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