Answer:
The statement is not an express warranty, because it doesn't involve a negotiation of terms between Salazar and Mitsubishi. It is an employee of the company that imploy Salazar to bring the car should the car gives problem, and didn't involve an agreement between the two parties ( Salazar and Mitsubishi)
Explanation:
What is express warranty?
An express warranty arises from the parties’ negotiations in a sales transaction. Express warranties are often included in the written terms of a contract. An “express” warranty by a seller is created by:
Any statement of fact or promise relating to the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the statement or promise.
Any description of the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the description.
Any sample or model, which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the sample or model.
An express warranty may be created even if the seller does not use formal words such as “warranty” or “guarantee,” and even if the seller does not have a specific intention to make a warranty. However, an express warranty is not created merely because the seller makes a statement as to the value of the goods, or as to seller’s opinion of the goods. Generally, statements made by a seller during the course of contract negotiations are treated as statements of fact, unless it can be shown that the buyer could only have reasonably considered the statement to be an opinion.
Answer:
<em>zero economic profits; lesser or smaller</em>
Explanation:
<em> Long-run is basically comes in form when the cost which is been spent by the industry remains equal to the money which has been earned by the industry.</em>
<em>If every firm in the industry will be adopt costly antipollution devices, then the firm will be earn </em><u>zero economic profits</u><em> and the industries will able to produce in </em><u>lesser or smaller</u> <em>quantity of outcome. </em>
Answer:
When ASI Inc. declared a dividend of $20,000,000, its market value increased from $8 ... Competitors have found it extremely difficult to imitate Gene Electronics Inc.'s ... CEO of JustFixIt Inc., a firm that merges technology with commercial hardware. She has been struggling with the decision to allocate her resources for the ...
Explanation:
Answer:
The theory of national comparative advantage
Explanation:
The theory of National comparative advantage developed by Micheal porter, emphasizes on the importance of country's factors such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.
It focuses on key concepts such as Firm Strategy, Structure and Rivalry; Factor Conditions; Demand Conditions; and Related and Supporting Industries.
Micheal porter opined that any company’s ability to compete in the international arena is based mainly on these interrelated set of location advantages that certain industries in different nations posses.
Answer: 150%
Explanation:
Based on the question,
Direct materials = $400 + $200 = $600
Direct labor cost = $300 + $500 = $800
Overhead = Closing WIP - Direct material cost - Direct labor cost
= $2600 - $600 - $800
= $1200
The predetermined overhead rate based on the direct labor will be calculated as:
= Overhead / Direct labour cost
= $1200/$800
= 1.50
= 150%