Answer:
The answer is: C) Have as its only remedy the right to recover dollar damages.
Explanation:
Since Sky breached its contract with Eagle, Eagle can sue Sky for money damages.
They can not seek a writ of replevin since the 100,000 units included in the contract were not unique nor identified. They were part of a much larger production lot of 200,000 units intended for various customers.
They also can't seek to obtain specific performance due to the same reasons as before, the units were not specific nor identified and other customers also need them.
14.9228% effective annual interest rate does this credit card charge.
What is interest?
Interest is the fee you charge for lending money or the expense of borrowing it. The actual amount plus interest must be paid, plus a percentage.
The annual interest rate formula is
EAR=(1+r/m)m−1
r = interest
m = monthly
EAR= (1+13.99% / 12)12−1
EAR= (1+0.139912)12−1
EAR = 0.149228
EAR = 14.9228%
Hence, the significance of the interest is aforementioned.
Learn more about on interest, here:
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Answer:
$11.2 per unit
Explanation:
The computation of the variable cost per unit is shown below:
= Variable direct materials cost per unit + Variable direct labor cost per unit + Variable factory overhead cost per unit + Variable selling and administrative cost per unit
= $4.34 per unit + $5.18 per unit + $0.98 per unit + $0.70 per unit
= $11.2 per unit
We simply added the entire variable cost per unit so that the accuracy per unit could be reached
Question:
An express warranty is created when a seller:
A) makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.
B) uses descriptive terms as a part of the bargaining process, but the buyer does not take it into consideration when making the purchase.
C) sells goods meant for use for ordinary purposes.
D) avoids using a sample or model as the basis for the contract.
Answer:
The correct choice is A)
An express warranty is created in the contract when a supplier makes a promise concerning the goods that the buyer can hold on to as an incentive to purchase the product.
Explanation:
For example, if a consumer buys a Laptop online, but when it arrives the item is the wrong specifications, wrong color, or is dented or damaged in anyway, an <em>express warranty</em> might entitle the consumer to a refund or replacement.
This warranty usually is stated upfront prior to or during the execution of the sales transaction.
Cheers!
