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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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________ occurs when a product's performance is below expectations and the consumer is dissatisfied. Group of answer choices A.P
Stella [2.4K]

Answer:

B.

Explanation:

Negative disconfirmation of expectations occurs when a product's performance is below expectations and the consumer is dissatisfied. This can occur for a large number of reasons , including wrong target market, beter competition, and even bad pricing strategy or some of the many possible reasons. This disconfirmation is negative, which is posited to decrease post-purchase or post-adoption satisfaction

6 0
3 years ago
Steven lives in a big city where there is a shortage of parking. He has a parking spot in his driveway where he parks his car. W
DENIUS [597]

Answer:

The correct answer is option C.

Explanation:

The opportunity cost of any economic decision is the cost of giving up its alternative. We are aware that we have limited resources with alternative uses and we have to use these resources to satisfy alternative needs and wants. In order to increase spending resources on one thing, we need to decrease spending on its alternative.  

Here, the parking spot on the driveway can be used for personal use or can be used for renting. The opportunity cost of using the spot for personal parking is the money that could have been earned by renting it to others.

5 0
3 years ago
Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of acti
Jobisdone [24]

Answer and Explanation:

The preparation of the report showing the company revenue and spending variance is shown below:

                                     Cryan Jeep Tours

                       Revenue and Spending Variances

                           For the Month Ended May 31

Particulars    Actual Results Flexible Budget Revenue & Spending Variances

Guests             507                          507

Jeeps              192                           192

Revenue        $82,854                   $104,949               $22,095 U    (A)

                                                     (507 ×$207)

Expenses:    

Tour guide wages $32,357           $31,104                  $1,253 U

                                                    (192 × $162)

Vehicle expenses $20,140            $25,846                $5,706 F

                                         ($5,500 + 507 × $14 + 192 × $69)

Administrative expenses $7,388   $8,591                   $1,203 F

                                              ($2,000 + 507 × $13 )

Total expense   $59,885                $65,541                 $5,656 F   (B)

Net operating income $22,969      $39,408               $16,439 U  (A - B)

We simply deduct all expenses from the revenues so that the net operating income could come  

8 0
3 years ago
Situation I On January 1, 2020, Bramble, Inc. signed a fixed-price contract to have Builder Associates construct a major plant f
Burka [1]

Answer:

$88,920  

Explanation:

capitalized interest = weighted average accumulated expenditure for the year x interest rate of the loan = $889,200 x 10% = $88,920

Capitalized interest can be added to the basis of the new building that is being constructed. This way, the building's depreciable value will increase.  

8 0
3 years ago
During its most recent fiscal year, Dover, Inc. had total sales of $3,340,000. Contribution margin amounted to $1,570,000 and pr
MariettaO [177]

Answer:

d) $1,065,000

Explanation:

5 0
3 years ago
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