In our newly networked world, reading is:

Palmer goes to a truck dealership and asks for a truck capable of handling a 5000-pound load. He makes it clear that it is up to

MA_775_DIABLO [31]

Answer:

B. Implied warranty of fitness

Explanation:

An implied warranty of fitness for an specific purpose refers to the fact that if the seller of a product knows that the product will be used for an specific purpose and that the buyer is purchasing that product for that using it that way, then an implied warranty of fitness is formed. In this case, the seller knew that Palmer was going to carry 5,000 pounds in the truck and therefore, by offering a certain truck to Palmer, an implied warranty of fitness was formed stating that the truck could carry that load.

5 0

4 years ago

Review three online articles that describe characteristics of a good investment opportunity. write a one - paragraph summary of

qwelly [4]

Answer:

1. Ownership Investments

Ownership investments are the most volatile and profitable class of investment. The following are examples.

Stocks

Owning stock means owning a portion of a company. It may be a miniscule stake, but it's ownership.

More broadly speaking, all traded securities, from futures to currency swaps, are ownership investments. Investors purchase them in order to share in the profits, or because they will increase in value, or both.

Some of these investments, such as stocks, come with the right to a portion of the company's value. Others, such as futures contracts, come with the right to carry out a certain action that will benefit their owners.

2. Let’s face it, starting a business can be expensive. Few entrepreneurs have the cash on hand to get the ball rolling without some outside help. If you’re starting a small business or looking to grow your business, you may seek financing through a traditional loan, a microloan, or cash from your friends and family. You can also seek funding from investors which is why it’s important to understand what investors look for before investing.

Remember that investors are fundamentally different from lenders, and you’ll need to consider that when you decide what kind of funding you want. Lenders give you money and you repay it with interest. Investors give you money in exchange for ownership of part of your business. Their investments may come with restrictions–that you have to get approval for transactions over a certain dollar amount, for example, or that you have to set up an independent Board of Directors. And investors have certain rights, too, which you should discuss with your lawyer before jumping in.

Investors can be a great thing for your business. First, an investor isn’t demanding repayment every month because it’s not a loan. An investor can also be a reliable source for business advice and may have a strong business network that you can draw on. But this isn’t free money – your investors will have certain expectations.

If you do decide that you want to seek funding from investors, how do you draw them in? What is it that makes them decide to put money into a business?

3. As an investor, you have a lot of options for where to put your money. It’s important to weigh types of investments carefully.

Investments are generally bucketed into three major categories: stocks, bonds and cash equivalents. There are many different types of investments within each bucket.

Here are six types of investments you might consider for long-term growth, and what you should know about each. Note: We won’t get into cash equivalents — things like money markets, certificates of deposit or savings accounts — as those types of investment accounts are less about growing your money and more about keeping it safe.

Explanation:

6 0

3 years ago

The relationship between the price of a good or service and the quantity demanded of that good or service described by the law o

Klio2033 [76]

This relationship described between the price and the quantity demanded is known as the <u>Price Elasticity of Demand (PED). </u>

<h3>What is the Price Elasticity of Demand?</h3>

It is a measure that shows the relationship between the price of a good and the quantity demanded of it.
Shows how sensitive quantity demanded is to a change in price.

When the PED is less than 1, it means that a change in price doesn't affect the quantity demanded as much. When it is more than 1, a change in price will lead to an even higher change in quantity demanded.

In conclusion, this is the Price Elasticity of Demand.

Find out more on PED at brainly.com/question/9235198.

8 0

3 years ago

For the coming year, Crane Inc. is considering two financial plans. Management expects sales to be $301,770, operating costs to

ra1l [238]

Answer:

increase in ROE due to plan B = 26.44% - 20.55% = 5.89%

Explanation:

currently EBIT = $301,770 - $266,545 = $35,225

TIE ratio = EBIT / interest expense

Plan A:

interest expense = ($200,000 x 25%) x 8,8% = $4,400

TIE ratio = $35,225 / $4,400 = 8

net income (assuming no taxes) = $30,825

ROE = $30,825 / $150,000 = 20.55%

Plan B:

TIE ratio = 4 = $35,225 / interest expense

interest expense = $35,225 / 4 = $8,806.25

total debt = $8,806.25 / 8.8% = $100,071

equity = $99,929

net income = $35,225 - $8,806.25 = $26,418.75

ROE = $26,418.75 / $99,929 = 26.44%

increase in ROE due to plan B = 26.44% - 20.55% = 5.89%

6 0

3 years ago

Metlock enters into an agreement with Traveler Inc. to lease a car on December 31, 2019. The following information relates to th

Setler [38]

Answer:

Dec. 31, 2016

Dr Right use Asset $15,270

Cr To Lease Liability $15,270

Dec. 31, 2017

Dr Interest expense $1,221.6

Dr Lease liability $4,431.22

Cr Cash $5,652.82

Dec. 31, 2017

Dr Amortization expense$5,090

Cr To Right-of-use Asset $5,090

Dec. 31, 2018

Dr Interest expense $867.10

Dr Lease Liability $5,071.36

Cr To Cash A/c $5,935.46

Dec. 31, 2018

Dr Amortization expense $5,090

Cr To Right-of-use asset A/c $5,090

Explanation:

Date Particulars Debit ($) Credit ($)

Dec. 31, 2016

Dr Right use Asset $15,270

Cr To Lease Liability $15,270

Dec. 31, 2017

Dr Interest expense

($15,270 × 8% borrowing rate) $1,221.6

Dr Lease liability

($5,652.82 - $1,221.6) $4,431.22

Cr Cash $5,652.82

(To record interest expense)

Dec. 31, 2017

Dr Amortization expense (Asset value /Estimated useful life $15,270/ 3) $5,090

Cr To Right-of-use Asset $5,090

(To record amortization of the Right-of-use asset)

Dec. 31, 2018

Dr Interest expense

(($15,270 - $4,431.22) × 8%) $867.10

Dr Lease Liability $5,071.36

Cr To Cash A/c $5,935.46

(To record interest expense)

Dec. 31, 2018

Dr Amortization expense ($15,270 / 3) $5,090

Cr To Right-of-use asset $5,090

(To record amortization of the right-of-use asset)

4 0

3 years ago