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3 years ago

12

Something that people want will almost always be somewhat scarce (no matter how much of it physically exists) because __________

.

1 answer:

Nitella [24]3 years ago

7 0

All things humans unlimitedly want will always be scarce no matter how much it physically exists.

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Windsor, Inc. just began business and made the following four inventory purchases in June: June 1 138 units $828 June 10 184 uni

Liono4ka [1.6K]

Answer:

$1,150

Explanation:

Given the above information, the value of the inventory method on June 30, using LIFO method would be calculated as;

= $828 + [ ($1,288 ÷ 184) × (184 - 138) ]

= $828 + (7 × 46)

= $829 + $322

= $1,150

Therefore, the ending inventory on June 30, using LIFO method is $1,150

7 0

3 years ago

Consumer Goods Corporation sells products that are poorly made. Tina, who has never bought a product from Consumer Goods, files

kolbaska11 [484]

Answer: Tina doesn't have a standing

Explanation:

From the information given in the question, we are told that Consumer Goods Corporation sells products that are poorly made.

We are further told that Tina, who has never bought a product from Consumer Goods, files a suit against the firm alleging that its products are defective.

The firm could ask for dismissal of the suit on the basis that Tina doesn't have a standing. This is because Tina has never bought their goods before and therefore shouldn't be alleging that the product of the company is bad. Assuming Tina has bought their products before, then it'll have been harder for the firm to ask for dismissal.

3 0

3 years ago

Heidi purchases an original work by one of her favorite sculptors from an art dealer for $8,000. After three months of waiting f

Dominik [7]

The remedy that Heidi has in this scenario is <u>D. Heidi is entitled</u> to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.

<h3>What are the remedies for breach of contract?</h3>

Some of the legal remedies available to a party whose contract is <u>breached</u> are:

Compensatory damages
Specific performance
Contract rescission
Restitution.

<h3>Answer Options:</h3>

A. Heidi has no recourse in this scenario, because she accepted delivery of a non-conforming good.

B. Heidi may sue the art dealer for specific performance and require the dealer to secure the original sculpture in any way possible.

C. Heidi is only entitled to recover the money that she paid for the sculpture.

D. Heidi is entitled to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.

Thus, based on the scenario, Heidi is entitled to Compensatory damages, which award the plaintiff the monetary value of what she either lost or incurred because of the breach.

Learn more about Compensatory Damages at brainly.com/question/4395083

#SPJ1

8 0

2 years ago

If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year, Find the amount in the bank after 14 y

Harlamova29_29 [7]

Answer:

1. Interest compounded annually = $18,049.74

2. Interest compounded quarterly = $18,493.77

3. Interest compounded Monthly = $18,598.16

4. Interest compounded continuously = $18,651.19

Explanation:

First let me state the formula for compound interest:

The future value of a certain amount which is compounded is the total amount (Principal + interest) on the amount of money, after compound interests have been applied, and this is shown below:

FV = PV $(1+\frac{r}{n} )^{n*t}$

where:

FV = Future value

PV = Present value = $7,000

r = interest rate in decimal = 0.07

n = number of compounding periods per year

t = compounding period in years = 14

For interests compounded continuously, the Future value is given as:

FV = PV × $e^{r*t}$

where

$e$ is a mathematical constant which is = 2.7183

Now to calculate each on the compounding periods one after the other:

1. Interest compounded annually:

here n (number of compounding periods annually) = 1

Therefore,

FV = 7,000 × $(1+\frac{0.07}{1})^{14}$

FV = 7,000 × $1.07^{14}$ = $18,049.74

2. Interest compounded quarterly:

here, n = 3 ( there are 4 quarters in a year)

FV = 7,000 × $(1+\frac{0.07}{4} )^{4*14}$

FV = 7,000 × $1.0175^{56}$ = $18,493.77

3. Interest compounded Monthly:

here n = 12 ( 12 months in a year)

FV = 7,000 × $(1+\frac{0.07}{12} )^{12*14}$

FV = 7,000 × $1.005833^{168}$ = $18,598.16

4. Interests compounded continuously:

FV = PV × $e^{0.07 * 14}$

FV = 7,000 × 2.66446 = $18,651.19

3 0

3 years ago

A corporate coupon bond of 6.9 percent is callable in five years for a call premium of one year of coupon payments. Assuming a p

bagirrra123 [75]

Answer:

$1,069

Explanation:

Data provided in the given question

Future value = $1,000

Coupon bond = 6.9%

Time period = 5 years

The computation of price paid is shown below:-

Amount Paid = Principal Amount + Call premium

= $1,000 + 6.9% × $1,000

= $1,069

Therefore, for calculating the amount paid we simply add principal amount add call premium.

3 0

3 years ago