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pantera1 [17]
2 years ago
5

Kenneth purchased a car from his local dealership, Quartent Cars. However, since the car was not available in the color that Ken

neth favored, the sales contract stipulated that Kenneth could immediately pick up the car of his preferred color from a nearby warehouse. The warehouse was owned by Mr. Henderson. Kenneth received the document of title for the car upon payment and presented it to Mr. Henderson a week later. But Mr. Henderson informed Kenneth that the car was damaged during a fire at the warehouse. What role does Mr. Henderson fulfill in the contract?\
Business
1 answer:
asambeis [7]2 years ago
4 0

Answer:

Mr. Henderson is the bailee

Explanation:

In contract law, the bailee is the person or organization that receives possession of a property or products by a contract of bailment. The contract of bailment requires that the bailee returns the property or products back to the bailor (person or organization that gave them the property) when required. The bailee is responsible for safe keeping the property or products handed to them as part of the contract of bailment.

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A single bond with a face value of $1,000 has a stated annual interest rate of 7.6%. The last bond traded on this day was 98.45%
Anestetic [448]

Answer:

$984.50

Explanation:

Cost of bond at closing = Par value * % Bond traded last

Cost of bond at closing = 1000 * 98.45%

Cost of bond at closing = $984.50

Thus,  the cost of bond at closing is $984.50

5 0
2 years ago
An electronics store has a current inventory of 50 stereo systems. The lowest priced stereo system in the store sells for $800,
hammer [34]

Answer:

B) 32  

Explanation:

let H = number of expensive high price stereo systems

let L = number of less expensive low price stereo systems

H + L = 50

3,000H + 800L = 110,000

H = 50 - L  (now replace)

3,000 (50 - L) + 800L = 110,000

150,000 - 3,000L + 800L = 110,000

150,000 - 110,000 = 3,000L - 800L

40,000 = 2,200L

L = 40,000 / 2,200 = 18.18 ≈ 18 lower priced stereo systems

H = 50 - 18 = 32 higher priced stereo systems

(3,000 x 32) + (800 x 18) = 96,000 + 14,400 = 110,400

Even though the answer is not exact, if you had 33 high cost stereo systems, your inventory's cost = $112,600 which is $1,600 off

3 0
3 years ago
A farmer purchases a new type of corn seed that will reduce her need for pesticides by two-thirds. The new seed is only slightly
Snezhnost [94]

Answer: Chicken fever

Explanation: I don't know i was guessing but ill look it up fo you

3 0
2 years ago
Lukow Products is investigating the purchase of a piece of automated equipment that will save $400,000 each year in direct labor
KIM [24]

Answer:

The intangible benefits will be required to have a value of $ 100 000.

Explanation:

To calculate the return on the equipment (ROI) we consider the profit/saving it contributes over the cost of the equipment.

Currently we have a save to costs of $400000 (increases revenue) and a cost of $2500000.

Our current return on the asset is 400/2500 * 100 which equates to 16%.

Management requires a rate of return of 20% thus the intangible benefits need to make up 4%

we can determine the dollar value by determining 20% of the cost of equipment. 2500 * 20% = 500 ( using thousands, $ ' 000)

500 - 400 = 100.

The value of the intangible assets will be required to be $ 100 000.

If we add this into the ROI formula we now have 500 / 2500 * 100 = 20%.

Thus management's requirement is now met

8 0
3 years ago
A woman cut her own fabric and sewed her own dress in the what era?
My name is Ann [436]

Answer:

18th and 19th Century

Explanation:

7 0
3 years ago
Read 2 more answers
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