answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oksanka [162]
1 year ago
6

Tommy McCartney is a sixteen-year-old high school student. He has worked forty hours per week at the local convenience store ove

r the last year, and has diligently saved $6,000 for the purchase of his first car. While visiting a local car dealership, Tommy finds the “car of his dreams,” a used yellow Camaro. Tommy walks into the dealership, announces to the dealership owner that he is “ready to buy,” negotiates $6,000 as the purchase price, and leaves the dealership a proud car owner. Over the course of the next six months, Tommy drives the Camaro eight thousand miles, wears the tires thin, dents the left front fender, and regrets his purchase. He realizes that in two short years college will beckon, and he knows that his parents cannot afford to pay for his higher education. In short, he wants his money back. On a Saturday morning, Tommy returns to the car dealership, walks into the sales office, and hands the keys to the seller, asking for the return of his $6,000. The dealer chuckles, and then his look turns stern, saying “Son, I don’t owe you anything. You’ve just learned a lesson in the ‘School of Hard Knocks.’ The car is still yours, and the money is still mine!” Who will prevail? Is it legal and/or ethical to allow Tommy to escape his contractual obligations?
Business
1 answer:
Aleks [24]1 year ago
5 0

Explanation:

First of all, the dealer should not have sold the car to the sixteen year old boy without the presence of his parents or any guardian. It is illegal to have a contract with a child who is not legally allowed to drive the car before the age of eighteen.

Now secondly if the dealer has somehow sold the car to the boy, the boy cannot come back after few months and ask for returning his money because he purchased the car, the condition of the condition of the car got worse during the whole time when car was with him, and also there is no legal clause in the agreement which allows him to demand his money back after using the car for this long time. So demanding his money back from the dealer is totally unethical as well as illegal. The dealer is true that the car is still the property of the boy and the money is still the dealer's money.

You might be interested in
What is the education level of a majority of the Power, Structural, and Technical Systems workers?
Deffense [45]
Bachelors degree is the minimum <span />
3 0
2 years ago
Read 2 more answers
Which of the following is true if the production volume​ decreases? A. average cost per unit decreases B. fixed cost per unit in
enot [183]

Answer:

B. fixed cost per unit increases

Explanation:

As we know that

If the production volume increases, the fixed cost per unit is decreases as it reflect an inverse relationship between the fixed cost per unit and the production volume

Let us take an example

Fixed cost = $20,000

Production volume = 100,000

Decrease in production volume = 80,000

So, the fixed cost per unit in the first case is

= 20,000 ÷ $100,000

= $0.2

And, the fixed cost per unit in the second case is

= 20,000 ÷ $80,000

= $0.25

Therefore, the fixed cost per unit increases

5 0
1 year ago
Which of the following statements about operations management in the service sector is most accurate? Operations management in t
VikaD [51]
Operations management in the service sector has grown more rapidly than the manufacturing sector. Operations management is the implementation aspect of management.
8 0
1 year ago
Read 2 more answers
If your credit card limit is $800 and your outstanding balance is $725, what is the largest amount you can charge on that card i
BlackZzzverrR [31]

Answer:

The correct answer is letter "C": $75.

Explanation:

The outstanding balance in a credit card represents the amount of money the account holder used out of the credit limit of the card. It also represents the debt the cardholder has with the financial institution that issued the card. The full credit limit will be available once the outstanding balance is paid off.

Thus, if the credit limit of a card is $800 and its outstanding balance is $725, the account holder can use $75 ($800-$725 = $75) for the upcoming month.

3 0
2 years ago
The 2016 balance sheet of Whole Foods Market reports operating assets of $5,489 million, operating liabilities of $2,066 million
frosja888 [35]

Answer:

Correct option is E.

Explanation:

There is not enough information to calculate the amount.

Net operating asset= Operating Assets  - Operating Liabilities

=$5489 Million - $2066 Million

=$3423 Million

Hence Average net operating assets can't be calculated by given information.

8 0
1 year ago
Other questions:
  • When government intervention makes currency worthless, this condition is called
    8·2 answers
  • Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families c
    11·1 answer
  • Poland requires 4 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. The Czech Republic r
    6·1 answer
  • An inventory decision rule states "when the inventory level goes down to 14 gearboxes, 100 gearboxes will be ordered." Which of
    12·1 answer
  • During the meeting, the manager exclaims "I am in charge" in order to initiate structure, set goals, assign tasks, and take conc
    8·1 answer
  • A corporate bond with a face value of $1,000 matures in 4 years and has a coupon rate of 6.25 percent. The current price of the
    5·1 answer
  • An article in the Wall Street Journal contained the following observation: "Every month, millions of workers leave the job marke
    13·1 answer
  • Which of the following refers to the costs of production that fluctuate depending on the number of units​ produced? A. Total cos
    11·1 answer
  • Calculate the transaction value (in $ thousands) of a theoretical company based on the information provided below. Current Share
    9·1 answer
  • Consider the P/E ratios of the following companies: Company A: 7.4 Company B: 11.3 Company C: 14.8 Company D: 9.1 Among these fo
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!