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shtirl [24]
3 years ago
10

A car manufacturer advertises that the windshield in its cars is shatterproof and will not break even when hit with a strong imp

act. While an owner of one of the cars was driving home one day, a small rock hit the windshield and the windshield broke, cutting the driver. What type of warranty was breached?a) an express warrantyb) an implied warrantyc) the warranty of fitness for a particular purposed) the Magnuson-Moss warranty
Business
1 answer:
Olin [163]3 years ago
3 0

Express warranty was breached.

Option a

<u>Explanation: </u>

An express warranty is a contract by a seller to provide replacement or repair within a specified period of time for a defective product, service or component. In accordance with the federal Magnuson-Moss Warranty Act, if an item is sold for < $15 a company must make written express warranty.

For compliance with the Magnuson-Moss Warranty Act, if a product is sold for more than 15 million, a manufacturer must provide a formal specific warranty.

Description of a product or service mentioned in the commercial will set a clear promise as a precedent.

An implicit promise can take effect in the absence of expressed guarantees.

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What signs of maturity were shown towards the end of Tall Girl? Movie
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The answer is watch the movie
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2 years ago
True or false: stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the
dimulka [17.4K]

It is a false statement that the stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.

<h3>Who are stakeholders?</h3>

These are investors that has a vested interest in a company and can either affect or be affected by a business' operations and performance. Some examples of a stakeholders includes investors, employees, customers, suppliers, communities, governments, trade associations etc.

However, It is a false statement that the stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.

Read more about stakeholders

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7 0
1 year ago
Suppose a large country experiences economic growth which results in a reduced willingness to trade. The country’s terms of trad
eimsori [14]

Answer:

The correct answer is letter "B": improve; rise.

Explanation:

Terms of Trade measures the efficiency of a country's trade. It is a ratio which compares the exports of a country with its imports. It is <em>calculated by dividing the export value by the import value, and by multiplying the result by one hundred (100)</em>. A terms of trade figure higher than 100, means a country exporting goods at a higher value than its imports.

<em>Given the case that there is no willingness to trade in an economy after a growth, the most possible scenario to take place is that the trade terms will </em>improve <em>as a result of the decrease in the demand of imports and assuming the level of exports keeps at the constant level that allowed the economic growth or if it even </em>rises<em>.</em>

4 0
3 years ago
Fill in the missing numbers for the following income statement. (Input all amounts as positive values. Do not round intermediate
Strike441 [17]

Answer: See explanation

Explanation:

Sales = 747300

Less: Costs = 582600

Less: Depreciation = 89300

EBIT = 75400

Less: Taxes at 22% = 22% × 75400 = 16588

Net income = EBIT - Taxes = 75400 - 16588 = 58812

a. Calculate the OCF.

OCF will be calculated as:

= Net income + Depreciation

= 58812 + 89300

= 148,112

b. What is the depreciation tax shield?

Depreciation tax shield will be:

= Depreciation × Tax rate

= 89300 × 22%

= 89300 × 0.22

= 19646

5 0
2 years ago
Which of the following organisations is most likely to sell shares for sale to invited investors?
Vsevolod [243]

Answer:

C. Private limited company

Explanation:

Ownership in a private limited company is restricted, unlike in a public limited company. The shareholders of a private limited company are usually family members, close friends, or people with a shared interest.

A private limited company can raise capital by selling additional shares. Because becoming a shareholder in a private limited company is restricted, private companies raise capital by selling shares to existing shareholders or to invited investors.

5 0
3 years ago
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