Answer:
Perfect Tender Rule
A. True
Explanation:
The Uniform Commercial Code's Article 2 recognizes the legal right of a buyer of goods to demand precise conformity of the goods to the product description in quality, quantity, and delivery manner. Therefore, the buyer may reject goods offered by the seller which do not conform to the earlier product descriptions. This rule is called the Perfect Tender Rule. An exception to this rule will be if the seller has a reason to believe that non-conforming goods will be acceptable to the buyer.
Answer:
A) 0.0618
Explanation:
Variance is given by:
Where 'Xi' is the value for each term 'i' in the sample of size 'n' and μ is the sample mean.
The mean investment return is:
The variance is:
The variance of the returns on this investment is A) 0.0618.
Answer: a. 15%
b. Initial Cost divided by Annual Net Cash Inflow
Explanation:
1. Cost of new machine = $800,000
Residual value = $0
Estimated total income from machine = $300,000
Expected useful life = 5 years
Average rate of return on this asset will be calculated thus:
Firstly, we'll calculate the net income per year = Total net income / Number of years = $300000/5 = $60000
Average investment = $80000/2 = $400000
Average rate of return = Net Income per year / Average investment = $60000/$400000 = 0.15 = 15%
2. Cash payback period is computed as the initial cost divided by the annual net cash inflow. It is the amount of time that is required for the cash inflows that is generated by a particular project to be able to offset its initial cash outflow.
When economists refer to "demand," they are speaking of<u> a schedule of amounts of a product that buyers would purchase at alternative prices in a given time period.</u>
