1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pantera1 [17]
3 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]3 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.

You might be interested in
Tom needs a new washing machine. A new one costs $400. He decides to save and buy one next year. All other factors being equal,
TiliK225 [7]

Answer:

$416

Explanation:

Washing Machine price = $400

Inflation Rate = 4%

So, Price Rise = (4/100) x 400

= $16

New Raised Price after Inflation = Old Price + Price rise due to inflation

= 400 + 16

= $416

8 0
4 years ago
Some lenders let you prove you can borrow money responsibly even if you don't have a credit history.
AysviL [449]

Answer:

pretty sure true if they are very generous

Explanation:

plz give brainliest i just need 3 more until expert ! plz plz plz

6 0
3 years ago
Read 2 more answers
Which of the following statements concerning capital structure theory is NOT CORRECT?
Pani-rosa [81]

Answer: D. Under MM with corporate taxes, rs increases with leverage, and this increase exactly offsets the tax benefits of debt financing.

3 0
3 years ago
a $250,000 loan is to be amortized over 8 years, with annual end-of-year payments. which of these statements is correct
Maksim231197 [3]

The correct option in this case is:

d) The proportion of each payment that represents interest as opposed to repayment of principal would be lower if the interest rate were lower.

What is loan amortization?

Loan amortization means that loan principal would be repaid gradually alongside interest over the 8 years period rather than an interest only loan where the principal is repaid at the end of loan period.

In this case, the portion of annual payment that is in respect of interest would be much lower when the interest rate on the loan is lower rather than when the interest rate is higher.

Find out more about loan amortization on:brainly.com/question/19755003

#SPJ1

Full question:

A $250,000 loan is to be amortized over 8 years, with annual end-of-year payments. Which of the following statements is CORRECT?

a) The proportion of interest versus principal repayment would be the same for each of the 8 payments.

b) The annual payments would be larger if the interest rate were lower.

c) If the loan were amortized over 10 years rather than 8 years, and if the interest rate were the same in either case, the first payment would include more dollars of interest under the 8-year amortization plan.

d) The proportion of each payment that represents interest as opposed to repayment of principal would be lower if the interest rate were lower.

e) The last payment would have a higher proportion of interest than the first payment

8 0
2 years ago
The entry to record the use of direct materials in production would include a A. credit to Finished Goods Inventory. B. debit to
earnstyle [38]

Answer:  

B. debit to WIP inventory

Explanation:

The journal entry to record the usage of direct material in production is

Work in Process Inventory                                  Dr.

     To Raw Material Inventory

(Raw materials consumed recorded)

Raw material inventory is an asset. It's consumption should reduce it's balance. A debit increases an asset's balance while a credit reduces it's balance.

Work in process, like raw material is an inventory account i.e an asset. A debit increases their balance whereas a credit reduces it.

Here, raw materials i.e direct material have been issued for production, which would reduce their balance and increase the balance of work in process as finished goods are yet to be made.

3 0
4 years ago
Other questions:
  • Which of the following is a normative economic statement? The poverty rate hit a new high last year and income distribution also
    8·1 answer
  • Uestion 5 a producer for a cable news show is feeling insecure. she complains to her boss that she isn't very smart and that she
    10·1 answer
  • The payments a business makes for investing in capital expenses are known as : A) profits
    8·2 answers
  • Business activities on the cash flow statement can be classified into 3 groups:_____.
    5·1 answer
  • What app can I use to give a reponse to others feedback​
    6·1 answer
  • Good governance provides assurance and confidence that rules are being followed; governance exists for the purpose of providing
    7·2 answers
  • In the equation Mv = PYR, P represents:
    14·1 answer
  • Which of the following statements accurately describes a flexible budget​ variance?
    12·1 answer
  • Karl Jahaz Corp., an automobile company, has many business units across the globe. Although the company has reached saturation i
    13·1 answer
  • The payroll accountant for Candor, Incorporated was found to have issued payroll checks in the name of several terminated employ
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!