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Lorico [155]
3 years ago
5

Mountain Bikes, Inc. (MBI), and Nero enter into a contract for a sale of amountain bike. MBI, a merchant who deals in goods of t

he kind sold, makesimplied and express warranties in connection with the sale. The MagnusonMossWarranty Act was designed to prevent deception in warranties by
a. displacing the UCC as the primary source of warranty rules.b. making warranties easier to understand.c. prohibiting disclaimers of warranties.d. requiring sellers to give written warranties for consumer goods.
Business
1 answer:
elena-s [515]3 years ago
3 0

Answer:

B) making warranties easier to understand.

Explanation:

The Magnuson Moss Warranty Act of 1975 governs consumer product warranties. Manufacturers are not required to offer product warranties, but when they do, they are required to provide clear and detailed information about warranty coverage. This law applies only to products, it doesn't apply to services.

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Production and sales estimates for April are as follows: Estimated inventory (units), April 19,000 Desired inventory (units), Ap
telo118 [61]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Production and sales estimates for April are as follows: Estimated inventory (units), April 19,000 Desired inventory (units), April 30 18,000 Expected sales volume (units): Area 3,000 Area 4,750 Area 4,250

Production:

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Beginning inventory= (19,000)

Total= 11,000 units

8 0
3 years ago
PROBLEMThe PQ partnership has the following plan for the distribution of partnership net income (loss):P QSalaries $60,000 $100,
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Answer:

1. P = $156,560; Q = $203,440

2. P = $90,320; Q = 149,680

3. P = -$43,500; Q = $3,500

Explanation:

The explanation is given in images for each situation:

3 0
3 years ago
Turrubiates Corporation makes a product that uses a material with the following standards: Standard quantity 7.6 liters per unit
frosja888 [35]

Answer:

Direct material quantity variance= $1,260 unfavorable

Explanation:

Giving the following information:

Standard quantity of 7.6 liters per unit

Standard price $ 2.10 per liter

The company budgeted for production of 3,400 units.

The actual production was 3,500 units.

The company used 27,200 liters of direct material to produce this output.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 3,500 units* 7.6= 26,600

Direct material quantity variance= (26,600 - 27,200)*2.1= $1,260 unfavorable

<u>It is unfavorable because the company used more material than estimated to produce 3,500 units.</u>

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