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:
Profit
Explanation:
Profit goals is very essential in business in order to meet the set target. It is important to set a profit goals under to have a good returns for the business as well as the investors involved, it gives an insight to device the best strategy for great returns financially. theoretically, profit goals= summation of all sales / Units of sales
It should be noted that Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set profit goals.
Answer:
42 days.
Explanation
Note: The full question is attached as picture below
Account receivable turnover ratio = $612,000 / $70,422
Account receivable turnover ratio = 8.69
Account collection period = 365 / 8.69
Account collection period = 42.00230.
Thus, the firm’s sales uncollected for year is 42 days.
Answer:
D) democratic
Explanation:
A democratic leadership style is a type of leadership where a leader asks for the inputs of emoloyees in making decisions and the final decision made by the leader is based on the inputs of members.
Jared's boss allows his staff to give inputs but he makes the ultimate decision .
In an autocratic leadership style, the leader doesn't take any input from employees when making decisions.
Laissez faire is a type of leadership style where employees are given a free rein in the company.
