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marusya05 [52]
4 years ago
6

John is an art dealer with special expertise in modern art. Rachel comes to John's gallery to purchase a modern art painting as

an investment. John shows her several paintings that he says are high quality and will increase in value in the next ten years. John's statement is an express warranty. an implied warranty. an opinion. puffery.
Business
1 answer:
lubasha [3.4K]4 years ago
3 0

Answer:

Puffery

Explanation:

Puffery refers to making hefty claims regarding product attributes and traits which represent a subjective and not objective view. Such claims are not backed by valid reasoning or valid evidences and facts.

In the given case, the art dealer claims his products being of high quality and appreciating over the period of next ten years. Such claims cannot be substantiated by any concrete evidence. As value cannot be ascertained in advance.

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Gwen owns 357 shares of common stock in a software company. The software company
igomit [66]

Answer:

Dividend Yield = 0.25423 or 25.423% rounded off to 25.42%

Explanation:

The dividend yield is the return provided by a stock in form of dividend which is expressed as a percentage of the current market price. Thus, dividend yield can be calculated as follows,

Dividend Yield = Annual Dividend / Current Market Price

Dividend Yield for Gwen will be,

Dividend Yield = 3.75 / 14.75

Dividend Yield = 0.25423 or 25.423% rounded off to 25.42%

3 0
3 years ago
Mest Company has 9 employees. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare
bulgar [2K]

Answer:

Following are the solution to this question:

Explanation:

Please find the complete question and its solution in the attached file.  

7 0
3 years ago
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances
denis23 [38]

Answer:

Explanation:

The adjusting entries are shown below:

1.  Supplies Expense A/c Dr $3,000 ($2,000 + $4,500 - $3,500)

         To Supplies A/c                           $3,000

(Being supplies purchased)

2. Insurance Expense A/c Dr $2,000

       To Prepaid Insurance A/c              $2,000

(Being prepaid insurance adjusted)

3. Salary expense A/c Dr $16,000

      To salary payable A/c               $16,000

(Being salary adjusted)

4. Unearned revenue A/c Dr   $1,500

       To Service revenue A/c                  $1,500

(Being unearned revenue adjusted)

7 0
4 years ago
The limited liability of a stockholder in a closely-held corporation may be challenged successfully if the stockholdera. Underca
lina2011 [118]

Answer:

The correct Option is A

Explanation:

When the limited liability of the stockholder and it is a closely held corporation which might be challenged successfully if the stockholder, undercapitalized the corporation  which means that the corporation does not have enough capital to pay creditors and conduct normal operations of the business and it will be done when it is established or formed.

5 0
3 years ago
A ___ in the money supply will cause interest rates to decrease which in turn causes spending to come ?
vitfil [10]

Answer:

decrease/decrease

Explanation:

The interest rate is a monetary mechanism that serves to keep inflation under control. Inflation is a monetary phenomenon, caused by excess currency in circulation. Thus, the more money in circulation, the higher the interest rate tends to be. Conversely, when the money supply is smaller, inflation will be lower. Consequently, the interest rate will be low. Similarly, when the money supply is high, spending on the economy increases (and causes inflation). When the money supply is low, less money will be in circulation and spending will decrease. Inflation will be low. And the interest rate too!

5 0
3 years ago
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