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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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The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities o

Maurinko [17]

Answer:

1.08 dollars of sales are generated from every $1 in total assets.

Explanation:

Calculate Current asset from net working capital formula:

Net Working capital = Current Assets - Current Liabilities

$2,715 = Current Assets - $3,908

Current Assets = $2,715 + $3,908

Current Assets = $6,623

Now calculate Total Assets:

Total Assets = Fixed Asset + Current Assets

Total Assets = $22,407 + $6,623

Total Assets = $29,030

We can calculate dollars' worth of sales are generated from every $1 in total assets by following formula:

Asset turnover ratio = Net Sales / Total Assets

Asset turnover ratio = $31,350 / $29,030 = 1.08

6 0

3 years ago

You are going to deposit $24,500 today. You will earn an annual rate of 5.5 percent for 8 years, and then earn an annual rate of

NeTakaya

Answer:

Future value at the end of 19 years =$63,637.94

Explanation:

<em>The Future value (FV) of an investment is the total amount (principal plus interest) that will accumulate in the future where interest is paid and compounded at a particular rate per period for a certain number of periods.</em>

This can be done using the formula below

FV = PV × (1+r)^(n)

FV- Future Value

PV- amount invested, n- number of years, r - interest rate

The amount due after 19 years would be determined in two steps

Step 1: FV of 24,500 at 5.5% for 8 years

FV = 24,500× (1+0.055)^8 =37,599.819

Step 2 : FV of 37599.81962 invested for 11 years at 4.9% p.a

FV = ? P=37,599.81, n- 11, r- 4.9%

FV = 37,599.81 × (1.049)^11= 63,637.94

Future value at the end of 19 years =$63,637.94

7 0

3 years ago

Goods are complements if an increase in the price of one causes a __________ in the demand for the other

ASHA 777 [7]

Answer: decreases

Explanation: In simple words, complementary goods are those goods which have negative relation with each other in respect of price and demand. The usage of one good is dependent on other in case of complementary relation.

For example - Petrol and petrol car are complementary goods, if the price of petrol increases the demand for petrol cars will decrease.

Hence we can conclude that the right answer to the given problem is decrease.

7 0

3 years ago

Common stock value: Constant growth The common stock of Barr Labs Inc., trades for $120 per share. Investors expect the compa

BlackZzzverrR [31]

Answer:

Dividend growth rate anticipated = 14.66%

Explanation:

Using dividend growth model we have

P ${_0}$ = $\frac{D{_1}}{K{_e} - g}$

Where P ${_0}$ = Current market price = $120

D ${_1}$ = Dividend to be paid at year end or next year = $1.37

K ${_e}$ = Expected return on equity = 15.8%

g = Expected growth rate

Now putting values we have

$120 = $\frac{1.37}{0.158 - g}$

0.158 - g = $\frac{1.37}{120} = 0.0114$

0.158 - 0.0114 = g

0.1466 = g = 14.66%

5 0

3 years ago

Goldie is a manager in a company that manufactures wrought iron furniture. She assesses the performance of the company by determ

Rainbow [258]

Answer: Partial Productivity.

Explanation:

Goldie is making use of partial productivity to evaluate her company's performance. Partial Productivity is a method of calculating productivity by comparing the total output to a fraction of the input.

Partial Productivity =

output / single input

4 0

3 years ago