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kramer
3 years ago
8

Nathan buys a new microwave for $200. The microwave’s label bears a disclaimer that the manufacturer is not liable for consequen

tial damages. A week later, while Nathan is baking cookies, the oven emits sparks and damages the electrical wiring in the kitchen. An electrician comes and informs Nathan that the oven malfunctioned and that the cost of repairs in his kitchen will cost $2,000. What can Nathan recover from the oven manufacturer? a. $2,500 b. $1,800 c. $200 d. No damages can be recovered.
Business
1 answer:
Rainbow [258]3 years ago
5 0

Answer:

Option (c) $200

Explanation:

Data provided in the question:

Cost of the microwave = $200

Cost of repairs in the kitchen = $2,000

Now,

The damage caused in the kitchen is due to the malfunctioning of the microwave.

But the disclaimer on the microwave’s label already mentioned that the manufacturer is not liable for consequential damages.

here,

The damage in the kitchen is consequential damage to microwaves.

Hence,

the manufacturer of the oven will only give $200

Option (c) $200

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The key to understanding the money creation process is the fact that:______.a. since the money supply excludes cash but includes
nataly862011 [7]

Answer:

c. whenever banks create financial assets for themselves, they create financial liabilities for individuals, and those financial liabilities are considered money

Explanation:

c. whenever banks create financial assets for themselves, they create financial liabilities for individuals, and those financial liabilities are considered money

3 0
3 years ago
Read 2 more answers
If the supply of person-hours in this market shifts to the right, then the equilibrium wage will ______ and the equilibrium numb
abruzzese [7]

If the supply of person-hours in the market shifts to the right, then the equilibrium wage will <u>fall</u> and the number of person-hours will <u>increase</u>.

The equilibrium wage price is at the intersection of the supply and demand for labor. Personnel is hired as much as the factor where the extra value of hiring an employee Is equal to the extra income revenue from selling their output.

Labor market Equilibrium, the actual salary, and the equilibrium quantity of exertions traded are decided by the intersection of labor supply and labor call for. on the equilibrium actual wage, the amount of hard work provided equals the quantity of labor demanded.

A person's labor supply curve marks out the number of hours they are willing to work at one-of-a-kind wages, the equal manner that a vendor's supply curve marks out how a great deal they are inclined to promote at exceptional costs.

Learn more about the supply curve here brainly.com/question/11717727

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4 0
1 year ago
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $40,000 or $135,000, with equal
pogonyaev

Answer:

a. $76,754

.38

b. 14%

c. $73,529

Explanation:

a. The computation of portfolio is given below:-

Risk Premium

= Required return - Risk free rate

= 10% + 4%

= 14%

Expected value of the payoff

= $40,000 × 1 ÷ 2 + $135,000 × 1 ÷ 2

= $87,500

Value of portfolio = $87,500 ÷ (1 + 14%)

= $76,754.39

b. The calculation of expected rate of return on the portfolio is shown below:-

= ($87,500 - $76,754.39) ÷ $76,754.39

= 14%

c. The calculation of risk premium is shown below:-

Risk premium = Required return - Risk free rate

Required return = 15%+4% = 19%

Expected rate of the payoff

= $40,000 × 1 ÷ 2 + $135,000 × 1 ÷ 2

=$87500

Value of portfolio

= $87,500 ÷ (1 + 19%)

= $73,529

4 0
3 years ago
The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales $ 14,500 Current asse
Katena32 [7]

Answer:

0.1046 or 10.46%

Explanation:

The computation of the sustainable growth rate is shown below:

The Sustainable growth rate of the firm is

= Return on Equity × ( 1 - Dividend Payout Ratio )

where,

Dividend Payout Ratio = 30%

And,

Return on equity is

= Net Income ÷ Shareholder 's equity

= $3660 ÷ $ 24,500

= 0.14938

So,  

Sustainable growth rate is

= 0.14938 × (1 - 30%)

= 0.1046 or 10.46%

8 0
3 years ago
Vogel Corp.'s denominator for calculating diluted EPS is 57,300 weighted-average shares. Included in the denominator were 5,000
slavikrds [6]

Answer:

57300

Explanation:

5 0
3 years ago
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