How does a non-binding price ceiling impact equilibrium price and quantity in a competitive market?

Ahmed, a lawyer, sold his car to Carlos. Has an implied warranty of merchantability been created by this transaction? No, becaus

GuDViN [60]

Answer:

A. No, because Ahmed is not a merchant.

Explanation:

Implied warranty of merchantability is a law in contract which states that when there is a transaction between a seller (the merchant), and a buyer, there is an unwritten guarantee from the seller, that the product meets up to the ordinary standards of care. This means that the goods must be fit to do what the merchant says it will do. Therefore, if the seller finds it defective, he could return it to the seller. and if the seller refuses to make a change, a legal case could be established. The merchant by law is a wholesaler or retailer, who sells goods in which he has expertise or special skills.

Ahmed in the question could be argued in court to not be a merchant of cars and as such, has no expertise with which he can make a guarantee for the car being sold to Carlos.

5 0

3 years ago

An individual client purchased his residence 5 years ago for $200,000. For 3 of the last 5 years, the client rented out the prop

AlladinOne [14]

Yes the answer is 500,000 dollrs

7 0

3 years ago

You estimate you'll need $200,000 per year for 25 years starting on your 65th birthday to live on during your retirement. Today

Rudiy27

Answer:

$66,909

Explanation:

Calculation for How much must each deposit be (rounded to the nearest $10)?

First step is to calculate the PV using financial y

N= 25

PMT= 200,000

FV= 0

i/y= 9

PV= ?

Hence,

PV= 2,141,322

Now let How much must each deposit be by finding the PMT using financial calculator

N= 15

FV= 2,141,322

PV=0

i/y= 9

PMT= ?

Hence,

PMT=$66,909

Therefore How much must each deposit be is $66,909

4 0

3 years ago

Deere company holds a $10,000 note receivable dated july 1, 2015, with 10% interest. what adjusting entry is needed on decemb

Ket [755]

<span>b. debit interest receivable for $500 and credit interest revenue for $500
</span>

7 0

3 years ago

The expected rate of return for a stock whose next dividend is "DIV1", that has a required rate of return "r" and expects to gro

Tema [17]

Answer:

The correct answer is r=(DIV1/P0)+g

Explanation:

The expected rate of return for a stock is usually the dividend yield added to capital gains yield.

Dividend yield is the percentage of the share's price that the company pays to shareholders as dividends and the formula is the dividends divided by the share price, hence in this scenario it DIV1/PO

On other hand,capital gains yield is the percentage increase of the share price over time. In other words, the share price growth rate,which is a market expectation of the company's performance.The g given in the question depicted this.

Without mincing words,the expected rate of return on the stock is dividends yield(DIV1/P0) plus the capital gains yield(g)

6 0

3 years ago