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ale4655 [162]
3 years ago
7

Perry, a buyer for Superior Products Company, a manufacturer of bulletin boards and other office supplies, visits a lumberyard a

nd is shown samples of cork by Monica, a salesperson. Perry agrees to buy a certain quantity based on Monica's statement that the shipment will match a selected sample. The statement is:________
a. an express warranty.
b. an implied warranty.
c. a warranty of title.
d. puffing
Business
1 answer:
Volgvan3 years ago
5 0

Answer:

The correct answer is letter "A": an express warranty.

Explanation:

An express warranty is an arrangement established by a buyer and a seller so that the seller is in charge of repairs of a good sold by the seller in case it presents failures under certain circumstances. The warranty covers the product for a specified time in the contract and must be written in case the purchase value of the product is higher than $15.

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Assume that the short-run cost and demand data given in the tables below confront a monopolistic competitor selling a given prod
sesenic [268]

Answer:

<u>$35</u>

<u>Explanation</u>:

Note the formula:

Total revenue (TR)= Price (P) x Q and Marginal revenue (MR) = Change in TR / Change in Q

<u>Total Revenue for 2 units of output sold</u>

= 2 x $50 = $100

<u>Total Revenue for 3 units of output sold</u>

= 3 x $45 = $135

<u>The Marginal Revenue=</u>

Change in TR (135-100) / Change in quantity (3-2)

= $35/1

= <u>$35</u>

Therefore, the Marginal Revenue If the firm sells 3 units of output, will be $35.

7 0
2 years ago
1. Which of the following events would make it more likely that a company would call its outstanding callable bonds? a. The comp
muminat

Answer:

The answer is letter C

Explanation:

Market interest rates decline sharply.

6 0
3 years ago
2. Explain two ways that an informational interview is different from a job interview 3. Describe two ways that an informational
stiv31 [10]
Informational interview is were you get information like for example how people on talk shows interview people.... a job interview is to not get information but its to get a job... one way its benefitial is that one you get information and two it helps you to understand things from their point to view... two questions i would ask in an informational interview would be ''whats your point of view'' and ''whats something you would want people to know about this that they don't already know... hope this helps!!! :)
5 0
2 years ago
What is the smallest graduation on an english vernier caliper
Snowcat [4.5K]

Decimal Reading Vernier Scale. 1/40th of an inch is subdivided into 25 by the vernier to read to one- thousandth. One inch is first divided into ten, and then 40 graduations. Each smallest graduation on the main beam repre- sents .025

4 0
3 years ago
A firm has sales of $1,220, net income of $226, net fixed assets of $544, and current assets of $300. The firm has $101 in inven
Nady [450]

Answer:

11.97%

Explanation:

Common size statement value of inventory is where all accounts are expressed as a percentage of total assets.

Total assets = Net fixed assets + Current assets

= $544 + $300

= $844

Common size statement value of inventory = Inventory ÷ Total assets

= $101 ÷ $844

= 0.1197

= 11.97%

4 0
2 years ago
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