Answer:
<em>Brian prevails because the product has a warranty for some months or years.</em>
Explanation:
Therefore, <em>Ibtiha, though did not know about the defectiveness of the Ice Cream Maker sold to Brian is bound by law to replace or repair the defect device depending on what was contained in the warranty.</em>
<em />
A warranty is a type of guarantee, usually a written guarantee for a product, that a manufacturer or similar party makes regarding the condition of its product. It also refers to the terms and situations in which repairs or exchanges will be made if the product does not function as originally described or intended.
However, a warranty holds the maker of the product responsible to repair or replace a defective product or its parts, thereby Brian prevails as Ibtihal will be made to comply with the provisions of the warranty.
The equilibrium price is $0.5 while the equilibrium quantity is 8.5
From the Demand data that we have in this question,
Slope = 3
Intercept = 10
The demand equation
D = -3p + 10
D = 10 - 3p
The supply data
Slope = 5
Intercept = 6
Supply equation
S = 6 + 5p
D = S
This is because at equilibrium, <u>supply = demand</u>
Therefore,
10-3P = 6+5P
collect like terms
10-6 = 3p+5p
4 = 8p
Divide through by 8
Equilibrium price = $0.5
The equilibrium quantity
D = 10 - 3*0.5
= 10-1.5
= 8.5
Therefore from the calculation, the equilibrium price is $0.5 and the equilibrium quantity is 8.5
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Answer: 1. $690 (favorable)
2. $9045 (favorable)
Explanation: These can be computed as follows :-
Labor rate variance = Actual labor cost - (standard rate * actual hours)
= $139,380 - ( $20.1 * 6900 hours )
= $690 (favorable)
.
Labor efficiency variance = ( Actual hours - standard hours ) * (standard rate )
= [6900 hours - (1500 units * 4.3 hours) ] * ($20.1)
= $9045 (favorable)
The most important difference of the two or between
businesses in the profit and nonprofit organizations is that in terms of nonprofit
organizations, the organization owners does not make money, while the profit
organizations—it makes money for the organizations’ owners.
