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svet-max [94.6K]
3 years ago
7

Moon, a farmer, needs to install a two thousand-pound piece of equipment in his barn. This will require lifting the equipment th

irty feet up into a hayloft. Moon goes to Davidson Hardware and tells Davidson that he needs some heavy duty rope to be used on his farm. Davidson recommends a one-inch-thick nylon rope, and Moon purchases two hundred feet of it. Moon ties the rope around the piece of equipment, puts the rope through a pulley, and with a tractor, lifts the equipment off the ground. The rope suddenly breaks and the equipment crashes to the ground where it is severely damaged. Moon files a suit against Davidson for breach of the implied warranty of fitness for a particular purpose.
1. What law has many rules governing warranties of goods?a. Uniform Transactions Codeb. Uniform Sales Codec. Uniform Commercial Coded. Uniform Goods Code2. Where do we find a statute that makes these warranties less subject to deception and more understandable?a. state lawb. federal law
Business
1 answer:
natali 33 [55]3 years ago
6 0

Answer:

Explanation:

1. is d

2. is b

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A company reports the following:
fredd [130]

Answer:

a. 15 times

b. 24.3 days

Explanation:

The computation is shown below:

a. Accounts receivable turnover

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable  

= $3,150,000 ÷ $210,000

= 15 times

b. Number of days sales in receivables = Total number of days in a year ÷ accounts receivable turnover ratio

= 365 days ÷ 15 times

= 24.3 days

7 0
4 years ago
Which is least like the others<br> Bear, badger, elephant, hamster
grin007 [14]
Elephant I would guess........
6 0
4 years ago
When the federal reserve decreases the federal funds target rate, it means that
Alex
That it increases the money supply and the inflation is higher. More money can be loaned out by the bank.
5 0
3 years ago
Following is information on an investment considered by Hudson Co. Assume the investment has a salvage value of $20,000. The com
zalisa [80]

Answer:

net present value is

$228,652.29-$200,000.00

=$28,652.29.

Explanation:

Net cashflows

Year 1= 100000

Year 2= 90000

Year 3= 95000 (75000+ 20000)

Totals= 285000

Present value at 12%

Formula for present value=

1/(1+r)^n

where r= interest rate

n= number of years

Year 1=1/(1+0.12)^1 =0.8929

Year 2=1/(1+0.12)^2= 0.7972

Year 3=1/(1+0.12)^3 =0.7118

Present value of net cash flows =

Present value × net cash flows.

Year 1= 0.8929 × 100000= $89,285.71

Year 2=0.7972 ×90000= $71,747.45

Year 3=0.7118×95000= $67,619.12

Totals = $228,652.29

Amount invested= $(200,000.00)

Net present value (NPV) is referred to as the difference between the present value of cash inflows and the present value of cash outflows over a period of time. Net Present Value is used in capital budgeting and investment planning to analyze the profitability of a projected investment or project.

Therefore, net present value is

$228,652.29-$200,000.00

=$28,652.29.

7 0
4 years ago
Anna Preston is a senior manager in a high-technology company in the United States. She has an in-depth knowledge of her company
Dmitrij [34]

Answer: SHE IS A GLOBAL BUSINESS SAVVY

Explanation: Anna preston has adequate and knowledge driven understanding of local and international business environment which has can help to enhance the organisational growth and excellent performance.

6 0
3 years ago
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