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Neporo4naja [7]
3 years ago
8

Dependable Appliances, Inc. and Elain enter into a contract for a sale of kitchen appliances. Dependable, a merchant who deals i

n goods of the kind sold, notes that its goods come with an implied warranty of merchantability. Under the UCC, this means that the goods are reasonably:a. fit for the buyer’s particular purpose.b. fit for the ordinary purpose for which such goods are used.c. suitable for resale at an acceptable price.d. the best quality that money can buy.
Business
1 answer:
Anuta_ua [19.1K]3 years ago
6 0

Answer:

B) fit for the ordinary purpose for which such goods are used.

Explanation:

An implied warranty of merchantability means that the products sold should fulfill an ordinary buyer's expectations and should be fit for the purpose intended.

All products carry an implied warranty of merchantability unless expressly disclaimed or identified as a sale "with all faults" or "as is".

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Commercial paper. ​ Criss-Cross Manufacturers will issue commercial paper for a​ short-term cash inflow. ​ Criss-Cross must rais
Olenka [21]

Answer:

Proceeds from Commercial paper $48,035.92

Discount rate on commercial paper 3.93%

Explanation:

Calculation to determine the proceeds from each​paper

First step is to calculate 182 days rate

182 days rate = 0.082 * 182/365

182 days rate= 0.040887671

Now let calculate the Proceeds from Commercial paper using this formula

Proceeds from Commercial paper = Par value * 1/(1+i for time of issue)

Let plug in the formula

Proceeds from Commercial paper =$50,000 *1/(1+0.040887671)

Proceeds from Commercial paper=$48,035.92

Therefore The proceeds from commercial paper is $48,035.92

Calculation to determine the discount rate on the commercial​paper

First step is to calculate the Discount

Discount = $50,000-$48035.92

Discount=$1,964.02

Now let calculate the Discount rate on commercial paper

Discount rate on commercial paper =$1964.02./50000

Discount rate on commercial paper = 0.039282*100

Discount rate on commercial paper= 3.93%

Therefore the Discount rate on commercial paper is 3.93%

6 0
3 years ago
Walter opens a motorcycle repair shop where he will not only repair motorcycles, but will also offer custom paint jobs, accessor
beks73 [17]
Make a profit...............
5 0
3 years ago
Julie Lambert has a large consulting practice. New clients are required to pay one-half of the consulting fees up front. The bal
chubhunter [2.5K]

Answer: cash, earned consulting revenue

Explanation:

Lambert account for the cash gotten from clients through cash, earned consulting revenue. After several business has been done there would be an account of how payments where made, from this, records can be taken how cash where being payed through the records of transfers and payment.

7 0
3 years ago
Consider the following cash flow items:
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Answer:

b. Pay utility costs. Purchase equipment to be used in operations

Only . Purchase equipment to be used in operations

Explanation:

Investing activities are the second main category of net cash activities listed on the statement of cash flows and consist of buying and selling long-term assets and other investments. In other words, this is the net amount of cash received and paid during an accounting period for long-term assets and investments. You can think of these activities like the money a company uses to invest in itself or the money it makes from its investments.

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3 years ago
What is the difference of communism and socialism?<br><br>​
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Communism there is No private ownership,central government,No class Distinction, Production for basic needs.


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3 years ago
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