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2 years ago

What warranty is created when a merchant affirms that the goods meet certain standards of quality, description or condition?

Business

1 answer:

Karo-lina-s [1.5K]2 years ago

8 0

Answer:

An express warranty

Explanation:

Express warranties can be made in writing, orally or even inferred by the salesperson's conduct. Even if the salesperson made a mistake by offering an express warranty, it is still valid. An express warranty states that a good or service will specifically be a certain way, or perform in a certain way. When a salesperson shows a model of the good, that is considered a express warranty that the good will be the same as the model.

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Reynolds Manufacturers Inc. has estimated total factory overhead costs of $95,000 and expected

Jobisdone [24]

Answer:

The correct answer is D

Explanation:

Computation of allocation of factory overhead cost for the Job NO 117:

Now, computing the rate of overhead allocation as:

Pre- determined rate of overhead allocation = Estimated aggregate overhead / estimated number of labor hours

where

Estimated aggregate overhead is $95,000

Estimated number of labor hours is 9,500 hours

Putting the values above:

= $95,000 / 9,500 hours

= $10 per hour.

Computing the overhead cost to be allocated to Job No 117 as:

Overhead cost to be allocated to Job No 117 = Number of direct labor hours × pre- determined rate of overhead

where

Number of direct labor hours is 2,300 hours

Pre- determined rate of overhead allocation is 10 per hour

Putting the values above:

= 2,300 hours × $10 per hour

= $23,000

8 0

3 years ago

You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and th

EastWind [94]

Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
$A= P(i(1+i)^n)/((1+i)^n-1)$

In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months

A. monthly payment amount
$A= P(i(1+i)^n)/((1+i)^n-1)$
$= 20000(.1/12(1+.1/12)^60)/((1+.1/12)^60-1)$
$=424.98$ to the nearest cent

B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So
EAR=(1+i/12)^12-1
=(1+0.1/12)^12-1
=0.104713
=10.4713% (effective annual rate)

7 0

3 years ago

Mr. Smith, a cash-basis, calendar-year taxpayer, owns a duplex. He lives in one unit and rents the other unit to an unrelated in

Angelina_Jolie [31]

Answer:

Mr. Smith’s rental expense for this insurance policy is

A. $30

Explanation:

Premiun 360

N 3

year 120

From July to December 60

Duplex insurance e/one 30

5 0

2 years ago

A decade after world war i ended, a significant event occurred that caused consumer sales resistance, corporate budget cutting a

natta225 [31]

The Great Depression

6 0

2 years ago

Another name for economic resources is?

AlladinOne [14]

Answer:

As far is I know, the anwser is B

7 0

3 years ago

Read 2 more answers