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pantera1 [17]
1 year ago
5

Kenneth purchased a car from his local dealership, Quartent Cars. However, since the car was not available in the color that Ken

neth favored, the sales contract stipulated that Kenneth could immediately pick up the car of his preferred color from a nearby warehouse. The warehouse was owned by Mr. Henderson. Kenneth received the document of title for the car upon payment and presented it to Mr. Henderson a week later. But Mr. Henderson informed Kenneth that the car was damaged during a fire at the warehouse. What role does Mr. Henderson fulfill in the contract?\
Business
1 answer:
asambeis [7]1 year ago
4 0

Answer:

Mr. Henderson is the bailee

Explanation:

In contract law, the bailee is the person or organization that receives possession of a property or products by a contract of bailment. The contract of bailment requires that the bailee returns the property or products back to the bailor (person or organization that gave them the property) when required. The bailee is responsible for safe keeping the property or products handed to them as part of the contract of bailment.

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What aspect of America were William Watts and Lloyd Free referring to when they labeled it "the country of individualism par exc
Murljashka [212]

Answer:

The emphasis that Americans place on economic self-reliance and free markets

Explanation:

The United States was founded under the principles of liberalism, whether legal, political, or economic.

In America, most people believe that free markets are the best way to organize the economy of a country, and that individual self-reliance can result in personal economic success.

7 0
2 years ago
Which individual is a producer?
Ronch [10]

Answer:

To be considered as a producer, we need to create some sorts of goods or services and exchange it with the customers in order to obtain some sort of financial gain. I believe that a host who seats customers in a busy restaurant would be considered a producer because he is providing a service to consumers.

Hope this helps!

7 0
1 year ago
Read 2 more answers
A manufacturer sells lamps at six dollars each and sells 3000 each month. For each one dollar that the price is increased, 1000
shtirl [24]

Answer:

Explanation:

Given:

Selling price of 1 lamp = $6

Cost price of 1 lamp = $4

Units sold per month = 3000

Let $T be the selling price set by the lamp seller.

Number of sold lamps per month = 3000 − (T − 6) × 1000

= 9000 − 1000 × T.

Monthly profit = (9000 − 1000p) × (T − 4)

= −1000T^2 + 13000T − 36000.

Obtaining the derivative,

dS/dT = −2000T + 13000

and setting it to zero

−2000T + 13000 = 0

T = -13000/-2000

optimal selling point, T = $6.5.

5 0
2 years ago
Read 2 more answers
Presented here are liability items for Windsor, Inc. at December 31, 2017. Accounts payable $329,700 FICA taxes payable $16,380
ANTONII [103]

Answer and Explanation:

The preparation of liabilities section of Windsor, Inc's balance sheet is shown below:-

                                      Balance Sheet

                    Windsor, Inc. at December 31, 2017

Liabilities

Current liabilities

Notes payable  1 May                   $16,380

Accounts payable                         $329,700

Unearned rent revenue                $504,000

Interest payable                             $84,000

FICA taxes payable                        $16,380

Income taxes payable                     $7,350

Sales tax payable                             $3,570

Total current liabilities                                       $961,380

Long Term Liabilities  

Bonds payable                                $1,890,000

Note payable                                   $168,000

Discount on bonds payable           ($86,100)

Total Long Term Liabilities                              $1,971,900

Total Liabilities                                                $2,933,280

7 0
1 year ago
Theo currently owns 700 shares of JKL, which is an all-equity firm with 320,000 shares of stock outstanding at a market price of
valentina_108 [34]

Answer:

correct option is c. 43.75

Explanation:

given data

share own = 700

stock outstanding = 320000

market price = $25

interest and taxes =  $160,000

debt = $500,000

interest = 7%

loan = 7.5 percent interest

to find out

How many shares of JKL stock must Theo sell to unlever

solution

first we get here no of share that repurchased is express  as

no of share =  \frac{debt}{market\ price}     ..............1

no of share =  \frac{500000}{25}

no of share = 20,000 shares

sell = share own × ( no of share ÷ stock outstanding  )    .................2

sell = 700 × \frac{20000}{320000}

sell = 43.75 shares

so correct option is c. 43.75

6 0
2 years ago
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