Answer:
=5, 011.46
Explanation:
cost of materials : $ 2,415
cost of labor: $ 1,832
Total cost; ( $ 2,415+$ 1,832)= $ 4,247
Add 18 percent mark-up = 4247*1.18
=5, 011.46
Answer : a. True
It is true that price ceilings are created to keep products affordable for consumers. Price ceilings are set by the government. It is a government initiative to regulate the prices of commodities, products and services in the market to protect the consumers' interests and rights. In deciding the price ceiling, it must be considered that it should be below the natural market equilibrium. Legally, the prices can't just be raised suddenly but must follow certain legal and business procedures.
Answer: The answer is a, recover from Big Dig for breach of warranty
Explanation:
A lien is a legal claim on a personal property for the satisfaction of some debt or duty. The lien gives one the right to control, hold and retain the property of another untill some claim of the former is paid or satisfied. In the contract for the sale of goods, the breach of warranty gives the other party a right to claim for damages but not not to repudiate the contract.in the sales of goods contract, the buyer has no right to reject the goods because of breach of warranty. Since Arnold is unaware that credit collection holds a lien against the backhoe when he buys it. If credit collection repossesses the backhoe, Arnold can recover from Big Dig for breach of warranty because as at the time of buying the backhoe Big Dig did not inform Arnold that credit collection hold a lien against the backhoe, the lien gives credit collection a legal claim on the backhoe. In this case, Big Dig Equipment Inc has no right under the law to sell the backhoe again to Arnold, so Big Dig is liable.
Answer: An entrepreneur
Explanation:
The 3M corporation in the process of creating a new product from a fresh idea are acting as an entrepreneur. An entrepreneur is an individual or organization that is actively involved in creating a new product and investing in that product, with the aim of gaining a profit in return from their investment.
