Answer:
The correct answer is D. Profit is the financial gain from business activity minus expenses.
Explanation:
For example a company whose business activity is selling chairs has sold 10 chairs in a month at 10 dollars each which it has bought in 6 dollars (per chair). The company has incurred 5 dollars as admin expenses and had paid 10 dollars to commercial bank as interest. So what is company profit?
Calculation.
The profit will be 25$ as shown below.
Sales (10*10) 100
Purchase (10*6) (60)
Admin expense (5)
Financial expense (10)
Profit 25
Answer: Expert power
Explanation: Expert power is the personal power based on expert knowledge whereby the associates or another member of the company clearly have the awareness that the individual's skill and extensive experience will help in solving a particular problem or in decision-making. The person with such power is not necessarily a manager, it could be an employee who has the specialist abilities and proficiency that the others do not have.
However, this type of power gives the person holding it a high reputation and he or she gains some level of trust and respect from the managers, coworkers and the company as a whole.
Question:
An express warranty is created when a seller:
A) makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.
B) uses descriptive terms as a part of the bargaining process, but the buyer does not take it into consideration when making the purchase.
C) sells goods meant for use for ordinary purposes.
D) avoids using a sample or model as the basis for the contract.
Answer:
The correct choice is A)
An express warranty is created in the contract when a supplier makes a promise concerning the goods that the buyer can hold on to as an incentive to purchase the product.
Explanation:
For example, if a consumer buys a Laptop online, but when it arrives the item is the wrong specifications, wrong color, or is dented or damaged in anyway, an <em>express warranty</em> might entitle the consumer to a refund or replacement.
This warranty usually is stated upfront prior to or during the execution of the sales transaction.
Cheers!
Answer: 7.43%
Explanation:
The yield to maturity simply refers to the total return that is expected on a bond as long as the bond is held till it matures.
In this case, since the investor is indifferent between this municipal bond and an otherwise identical taxable corporate bond, the yield to maturity of the corporate bond will be:
4.83% = Corporate bond YTM × ( 1- 35%)
4.83% = Corporate bond YTM × 65%
Corporate bond YTM = 4.83% / 65%
Corporate bond YTM = 0.0483/0.65
Corporate bond YTM = 7.43%
The yield to maturity of the corporate bond is 7.43%
Answer:
$102,240
Explanation:
List price $94,000
Less list price credit term(2%×$94,000)$1,880
Balance $92,120
Add: Discount period $7,800
Delivery charges $940
Labor cost $1,380
Total cost $102,240
Therefore the total cost of Hunter's equipment is $102,240
