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hichkok12 [17]
2 years ago
10

Replay Sports Stores and SportsPower Products, Inc., enter into a contract for a sale of trampolines. SportsPower Products is a

merchant who deals in goods of the kind sold. Under the UCC, an implied warranty of merchantability arises _________.
A) automaticallyB) only if the buyer asks for such a warranty.C) only if the seller expresses such a warranty.D) only in conjunction with lease contracts, not sales contracts.
Business
1 answer:
Schach [20]2 years ago
8 0

Answer:

A) automatically

Explanation:

Under the regulation created by the Uniform Commercial code, all merchants are expected to provide their goods with reasonable level of quality.

 Even if those merchant do not directly stated that they will provide warranty, they're required to exchange the goods if the customers can proof that the goods are below reasonable level of quality. This is the reason why it's called 'implied' warranty.

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Block Island TV currently sells large televisions for $360. It has costs of $280. A competitor is bringing a new large televisio
dezoksy [38]

Answer:

B ($227.27)

Explanation:

Before the competitor arrived

Annual cost = $280 × 100,000 = $28,000,000

Annual sales = $360 × 100,000 = $36,000,000

Annual profit = $36,000,000 - $28,000,000 = $8,000,000

When the competitor arrived

Quantity sold annually increases by 10% = 100,000 + (100,000×0.1) = 100,000 + 10,000 = 110,000

Annual sales = $300 × 110,000 = $33,000,000

Target cost to make a profit of $8,000,000 = ($33,000,000 -$8,000,000)/110,000 = $25,000,000/110,000 = $227.27

5 0
2 years ago
Zumbahlen Inc. has the following balance sheet. How much total operating capital does the firm have?
satela [25.4K]

Answer: the operating capital is $40.00

Explanation:

operating capital is also known as working capital. it is the value of running a business on daily basis. it is also the value of short term resources available for use in daily activities.  it is current assets minus current liabilities of a business.

current assets = cash + inventory + account  receivable + short term investment = 20+50+20+60= 150

current liabilities = accruals + account payable + notes payable=50+30+30=110

operating capital = 150 - 110 = 40

6 0
2 years ago
6) Discuss the following statement: "Good research is deductive in nature."
GrogVix [38]
No it is not good in nature!!!!!
5 0
1 year ago
At the end of the day, the cash register tape shows $1,000 in cash sales but the count of cash in the register is $1,035. The pr
creativ13 [48]

Answer:

correct answer is C. Credit to Cash Over and Short for $35

Explanation:

given data

cash sales = $1,000

cash in register = $1,035

solution

we actual cash per the count is  $1,035

Cash account will be debited by the same

and Sale account will be credit to extent

and difference in count of cash and the cash register tape as

difference in count of cash = $1035 - $1000

difference in count of cash = $35

so correct answer is C. Credit to Cash Over and Short for $35

3 0
2 years ago
Buyer Maria and seller Doug are closing on June 1. Maria’s mortgage loan is $927.86, and $871.86 will go to interest in the firs
ikadub [295]

Answer:

$842.74

Explanation:

Data provided in the question:

Loan amount = $927.86

Interest for the first month = $871.86

Now,

Daily interest rate for 30 days =  \frac{\textup{Interest for a month}}{\textup{Total number of days in a month}}

or

=  \frac{\$871.86}{30}

=  $29.06

Now,

Doug owns the closing day,

Therefore,

Maria will pre-pay interest for 29 days i.e June 2 - 30,

= Daily interest × Number of days

= $29.06 × 29

= $842.74

4 0
2 years ago
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