Answer:
The correct answer is letter "A": an express warranty.
Explanation:
An express warranty is an arrangement established by a buyer and a seller so that the seller is in charge of repairs of a good sold by the seller in case it presents failures under certain circumstances. The warranty covers the product for a specified time in the contract and must be written in case the purchase value of the product is higher than $15.
Answer:
The correct answer is letter "B": Economies of agglomeration; corresponding diseconomies.
Explanation:
Economies of agglomeration refer to a type of economy in which companies are located one close to another to take advantage of their core competencies. This economic structure typically helps businesses to reduce relocation and delivery costs increasing their profits but in some other cases, the costs could increase if some of the firms lost their economies of scale.
Thus, <em>metropolises in the U.S. must find ways to boost the benefit of economies of agglomeration minimizing the negative effects of the diseconomies of scale in which some firms might fall.</em>
Answer:
$2,500; $1,500
Explanation:
Given that,
Total amount invested = $4,000
Let the amount invested at 2% be x,
and the amount invested at 3% be (4,000 - x)
Interest earned = $95
Time period = 1 year
Simple interest = Principle × Interest rate × Time period
$95 = (x × 0.02 × 1) + [(4,000 - x) × 0.03 × 1)
$95 = 0.02x + 120 - 0.03x
$95 = -0.01x + 120
0.01x = 120 - 95
0.01x = 25
x = 2,500
Therefore,
Amount invested at 2% = x = $2,500
Amount invested at 3% = (4,000 - x)
= 4,000 - 2,500
= $1,500
Answer:
$2,500
Explanation:
Loan amount = $5,000
The car was auctioned for $3,000 and the parties involved in the auction transaction has to be paid before net income can be recognized.
Auction amount = $3,000
Less; Repo Man's Fee = ($200)
Attorney's Fee = ($300)
Net amount = $2,500
Loan amount = $5,000
Less net amount = ($2,500)
Loan Balance = $2,500
