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Lostsunrise [7]
3 years ago
14

[Disappointing Boat Purchase] Ava went to purchase a new boat. She wanted a boat she could use in a nearby lake and also take to

the coast for use in ocean waters. Ava saw a boat she liked in the showroom. She showed the boat to Brock, the sales representative at the dealership, and stated that she wanted a boat for both lake usage and ocean usage. Brock told her that the dealership had the best boats in the state, that the engine was great in the boat she liked, and that she would have no problem with steering or with the carburetor. He said nothing about whether or not the boat was an appropriate vessel for ocean waters. Ava purchased the boat. She immediately began to have significant problems with it. The engine did not perform adequately, and there were problems with the steering and carburetor. Additionally, Ava attempted to take the boat onto ocean waters and had significant difficulty. She later discovered that it was not an ocean-going vessel. It was only appropriate for lake usage. Which of the following is true concerning Brock's statement that the boats at the dealership were the best in the state?
Business
1 answer:
LekaFEV [45]3 years ago
8 0

Answer:

Implied warrenty

Explanation:

The sale itself constituted an implied warranty of merchantability but not an express warranty or a warranty of fitness for a particular purpose.

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The American Recovery and Reinvestment Act, signed by President Barack Obama in 2009, aimed at: Group of answer choices providin
Zielflug [23.3K]

Answer: Stimulating the aggregate demand in the economy.

Explanation:

When former President Obama took over the governing of the nation in 2009, the country was in the midst of one of the worst global depressions that it had ever been through. Employment was high and aggregate demand was low.

President Obama therefore embarked on an expansionary fiscal policy by passing the American Recovery and Reinvestment Act which was to target certain sectors of the economy with the view of increasing investment in those sectors and consumption so that Aggregate demand can be stimulated in the economy as those two things are components of Aggregate demand.

8 0
3 years ago
Wendy has been in business for four years, all of which have been profitable. She thinks she can successfully sell part of her c
fgiga [73]

Answer:  

The correct answer is: additional capital to expand her business.

Explanation:

Stock offering implies a company issuing shares to be traded publicly. While it allows firms to get extra funds for research, development of new products or expansion of the business, it also implies the company meeting with several requirements that the exchange where the shares are going to be traded ask for.

8 0
3 years ago
Parkside pool reports net sales of $625,000, gross profit of $275,000, and net income of $15,000. the company's cost of goods so
taurus [48]
The company's cost of good sold is $350,000. The cost of good sold is a cost which directly attributed to the inventory sold by a company. Gross profit is a portion of income which created by the selling of inventory ignoring other expense besides the cost of good sold. From the company's data, we can find the cost of good sold by finding the difference between net sales and gross profit, therefore the formula we have to use is "Cost of good sold = Net sales - gross profit".
4 0
3 years ago
Assume that as part of Hilton’s interview process, the company asks applicants how they would behave in hypothetical, hospitalit
ruslelena [56]

The interview in Hilton's process would be considered a situational interview, which is structured.

<h3>What is a situational interview?</h3>

This is a type of interview where the people that are being interviewed are asked hypothetical questions.

The questions that they are asked is usually to get to know how they would behave in given situations.

Read more on interviews here: brainly.com/question/6967429

4 0
3 years ago
Machinery purchased for $64,200 by Sheridan Co. in 2016 was originally estimated to have a life of 8 years with a salvage value
ArbitrLikvidat [17]

Answer:

Sheridan Co.

a. It is not necessary to correct the prior year's depreciation.  Depreciation is an accounting estimate and does not require the adjustment of prior year's accounts when there is a correction in its estimates.

b. Entry to record depreciation for 2021:

Debit Depreciation Expense $4,387

Credit Accumulated Depreciation $4,387

To record the depreciation expense for the year.

Explanation:

a) Data and Calculations:

Purchase of machinery in 2016 = $64,200

Original estimated useful life = 8 years

Salvage value = $4,280

Depreciation amount = $59,920 ($64,200 - $4,280)

Depreciation expense per year = $7,490 ($59,920/8)

Accumulated depreciation for 5 years = $37,450

Net book value = $26,750 ($64,200 - $37,450)

Remaining estimated useful life = 5 years

Salvage value = $4,815

New depreciable amount = $21,935 ($26,750 - $4,815)

Depreciation expense per year = $4,387 ($21,935/5)

4 0
3 years ago
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