Answer:
Express Warranty
Explanation:
Express Warranty -
It is a type of agreement by the seller in order to provide the replacement or repair the product , any service or component ,which is faulty , with in a given period of time frame , is known as express warranty .
The consumer gets the guarantee about the goods or service and feel secure about the purchase .
Hence , from the question , the term according to the given statement of the question is express warranty .
Answer:
internal secondary research data
Explanation:
Answer:
Explanation:
Net worth is the difference between a person's (assets - liabilities)
Based on the balance sheet equation; Assets = Liabilities + Equity , meaning that Assets - Liabilities = Equity .
With the above two equations, Net worth = Equity = $56,000
Debt-to- Equity ratio = Debt/ Equity
<em>Note: $80,000 mortgage will not be included as debt to avoid double counting error since it is is a pay towards a home(asset) already incorporated in the $56,000 net worth.</em>
So, D/E = 13,000 / 56,000
D/E = 0.2321