Given:
<span>Fact 1: During contract negotiations, BB’s sales representative promised that the system was “A-1” and “perfect.”
</span><span>Fact 2: The written contract, which the parties later signed, disclaimed all warranties, express and implied.
</span><span>Fact 3: After installation the computer produced only random numbers and letters, rather than the desired accounting information
The express warranty is given in Fact 1 where the Sales Rep promised that the system was "A-1" and "perfect". There is a breach in express warranty here IF the written contract also expresses the same promises.
However, the written contract </span>disclaimed all warranties, express and implied. AND BOTH PARTIES SIGNED THIS CONTRACT. It implies that the buyer has read through the contract and has agreed with what is written in the contract. Thus, they can't file a suit against BB for breaching an express warranty since the written and signed contract has already disclaimed all warranties.
Answer:
Explanation below.
Explanation:
The recommendation that I will give or propose is that the agreement must have a legal backing.
This is the best recommendation that a wise person can proposes. It is a show of height of stupidity when an individual go into conjunction with another person without any written agreement that is backed legally. This because, when there is a problem in the future, the documents will be a way to solve it.
The other secondary option is written and signed agreement with video recording. This is not as good as the one mentioned above, but can still be considered as an alternative.
Option A is correct
If someone buys a car, he can sell it later when he needs some money. He can also sell the car if the car becomes obsolete or useless. In the leasing contract, the car will not be owned by the lessee (or the user). So, the lessee cannot sell the car but can use only for the specified period of time. Only the lessor can sell the car and get some money.
Therefore, from the given options, the benefit of the buying vs leasing is that the buyer can sell the car later to get some money back.
Answer:
1. Asset turnover times.
=1.31 times
2. Return on assets. = 7.9%
3. Return on common stockholders’ equity =10.5%
Explanation:
Asset turnover
Asset turnover indicates how efficient a business in the use of asset to generate sales. The higher the number of times the better.
Asst turnover = Turnover /Total asset
= 757,500/577,100
=1.31 times
Return on Asset
Return on asset is measure of the percentage of asset earned as income. The higher the better
Return on assets = Net income/Assets
= 45,500/577,100× 100
= 7.9%
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<em>Return on Equity</em>
This measures the proportion of equity investment earned as net income. The higher the better
Return on Equity = Net income/Equity
Return on commons stockholders
= 45,500/433,400 × 100
=10.5%
