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Dvinal [7]
3 years ago
9

Holly comes into Matthew's bicycle shop to learn about the Easy Ride bicycle she saw in his newspaper ad. Matthew shows her the

floor sample of the bicycle and says that it is designed to shift and brake more easily than her current model does. She decides to purchase one. Matthew gets a box from the back of the shop and sells it to her, stating that it contains the bicycle Holly wants. Based on his statements, which of the following is not an express warranty created by Matthew:
a. that the bike conforms to the floor sample he showed to Holly.
b. that the bike conforms to the highest industry safety standards.
c. that the bike conforms to his description of the Easy Ride.
d. that the bike conforms to his promise about the bicycle's shifting and braking ability.
Business
1 answer:
andreev551 [17]3 years ago
8 0

Answer: b. that the bike conforms to the highest industry safety standards.

Explanation:

An express warranty simply refers to the agreement by a seller of a particular product to provide a replacement or repair for a product when it's faulty within a certain period of time.

Based on his statements in the question, the option that is not an express warranty created by Matthew is that the bike conforms to the highest industry safety standards.

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Banks primarily use the money in savings accounts to
slamgirl [31]

Answer:

provide loans to consumers.

Explanation:

Banks use the money savings accounts to issue loans to customers. The loans issued become assets to the banks.  A Bank make profits by charging higher interest on the loans than the interests they offer on savings. The interest charged on loans is the main source of revenue for the banks.

Banks loan out to businesses and households to finance investments and consumption. Savings accounts become a pool to collect funds that businesses can borrow to finance their expansion. Individuals also borrow for consumption and personal development

7 0
3 years ago
​Josiah, Inc. provides the following information for​ 2017:Net income​$350,000Market price per share of common stock​$50 per sha
AURORKA [14]

Answer:

Earnings per share for 2017 = $1.707

Explanation:

Earnings per share relates to the specific period, that how much on each individual share the earnings has been during the period.

Therefore, if there is change in number of equity shares average is taken, for that.

Equity on 1 Jan 2017 = 160,000 shares

Equity on 31 December 2017 = 250,000 shares

Average = \frac{160,000 + 250,000}{2} = 205,000

Earnings per share for 2017 = \frac{Net\ Income}{Average\ number\ of\ shares}

= \frac{350,000}{205,000} = 1.707

Earnings per share = $1.71 (Rounded off)

7 0
4 years ago
Stech Co. is issuing $9 million 12% bonds in a private placement on July 1, 2017. Each $1,000 bond pays interest semi-annually o
STALIN [3.7K]

Answer:

Expected selling price =$ 1,271.81

Explanation:

<em>The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.</em>

<em>These cash flows include interest payment and redemption value</em>

The price of the bond can be calculated as follows:

Step 1

<em>PV of interest payment</em>

coupon rate - 12%, yield - 8%, years to maturity- 10 years

Semi-annual coupon rate = 12%/2 = 6%

Semi-annual Interest payment =( 6%×$1000)= $60

Semi annual yield = 8%/2 = 4%

PV of interest payment

= A ×(1- (1+r)^(-n))/r

A- interest payment, r- yield - 4%, n- no of periods- 2 × 10 = 20periods

= 60× (1-(1.04)^(-10×2))/0.04)

= 60× 13.59032634

=$815.41

Step 2

<em>PV of redemption value (RV)</em>

PV = RV × (1+r)^(-n)

RV - redemption value- $1000, n- 2×10 r- 4%

= 1,000 × (1+0.04)^(-2×10)

= $456.38

Step 3

<em>Price of bond = PV of interest payment + PV of RV</em>

= $815.41 + $456.38

= $ 1,271.81

Expected selling price =$ 1,271.81

5 0
3 years ago
What is the total cost to move products between work centers A and D, and between work centers B and C combined
tino4ka555 [31]

Answer:

More than $0 but less than or equal to $100.

Explanation:

The transportation cost is $2.

Load summary is AB = 12, AC = 25, AD = 12, BC = -19, BD = 21, CD = 34.

The total cost to move product between A and D and B and C combined is ;

A and D = 12 * $2 = $24

B and C = 19 * $2 = $38.

7 0
3 years ago
Beef is a normal good. You observe that both the equilibrium price and quantity of beef have fallen over time. Which of the foll
VARVARA [1.3K]

Answer:

C. New medical evidence has been released that indicates a negative correlation between a person’s beef

Explanation:

The demand for a normal good reacts to price changes as per the law of demand. A reduction in price results in an increased demand for the normal good. If the consumer's income increase, the demand rises.  Normal goods are contrasted by inferior goods whose demand reduces with an increase in consumer's income.

A reduction in equilibrium price and quantity for beef could be caused by an increase in the price of beef, reduced incomes, or negative news concerning beef in the market. From the option available, the news concerning the correlation between life expectancy and beef consumption is most likely to affect demand.  As a normal good, the demand for beef will decrease because consumers will consider it a low-quality product.

3 0
3 years ago
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