Question 5
Statement 1. Acceptance of the goods by the buyer shall discharge the seller form liability in damages for breach of any warranty in the contract of sale.
Statement 2. Where goods are delivered to the buyer, and he refuses to accept them, having the right to do so, he is bound to return them to the seller.
A)Both statements are true.
B) Only statement 2 is true.
C) Only Statement 1 is true.
D) Both statements are false
Answers
A) Both statements are true. The correct option is A. the seller has fraudulently concealed a defect or made a false statement about the goods that could not be detected upon inspection.
Statement 1 is generally true, as acceptance of the goods by the buyer usually does discharge the seller from liability for any breach of warranty in the contract of sale. This is because acceptance is seen as an indication that the buyer has examined the goods and found them to conform to the terms of the contract. However, there may be exceptions to this rule depending on the circumstances. Statement 2 is also generally true. If the buyer refuses to accept goods that have been delivered, but has the right to do so (for example, if the goods do not conform to the contract), then the buyer is obligated to return the goods to the seller. This is because the seller has not yet transferred ownership of the goods to the buyer, and the buyer has no right to keep them. When the buyer accepts the goods, it means that they have inspected them and are satisfied with their condition and quality. By doing so, the buyer waives their right to claim damages for any breach of warranty that was apparent on inspection of the goods.
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Related Questions
How do I get my computer to recognize a server?
Answers
Automatically reconnect to the server on your PC. File Explorer should be launched. Select the Computer tab and then select Map network drive. Enter the server's IP address or share name to specify the location of the shared drive, and then select the Reconnect on connection check box. Please wait while the drive is assigned.
The required details for server in given paragraph
A server is a piece of hardware or software (computer program) that provides functionality to other programs or devices, known as "clients". Servers can provide various functions, often referred to as "services", such as B. sharing data or resources between multiple clients or performing calculations for a client. A single server can host multiple clients, and a single client can host multiple servers. The client process can run on the same device or establish a network connection to a server on a different device. Typical servers include database servers, file servers, mail servers, print servers, web servers, game servers, and application servers.
Client-server systems are very often implemented according to (and often equated with) a request-response model: the client sends a request to the server, which performs an action, and sends the response to the client , usually with a result or an acknowledgment.
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These are selected 2017 transactions for Wyle Corporation: Jan. 1 Purchased a copyright for $120,000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Mar. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $54,000. Sept. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events.
Answers
Answer:
Explanation:
Workings
Note that intangible assets are amortized over the useful lifetime and not the legal life.
Copyright
Useful life = 6 years
Date of purchase = January 1
Timeline = 12 months / 1 year
Purchase price = 120,000
Amortization charges = 120,000 / 6 = 20,000
Patent
Useful life = 4
Date of purchase = Mar 1
Timeline = 10 months (March - December )
Purchase price = 54,000
Amortization charges = 54000/4 *10/12 = 11,250
Small company
Goodwill are not amortized as it has an indefinite lifetime but annually tested for impairment
Adjusting entries
Date Accounting title Debit Credit
a) Amortization of Copyright
December 31 Amortization expenses 20,000
Copyright 20,000
b) Amortization of patent
December 31 Amortization expenses 11,250
Patent 11,250
You should write down everything a speaker says when you take notes.
Please select the best answer from the choices provided
T
F
Answers
You are busy with finals and forgot to pay your credit card bill. You are charged $100 in late fees. This will likely lower your
Answers
Answer:
credit card money I think
true or false: effectively resolving negative customer experiences can actually result in greater satisfaction and loyalty than if the complaint had not occurred.
Answers
True, effectively resolving a customer's complaint can lead to more satisfaction and loyalty than if the complaint hadn't happened.
Why is it vital to address unfavorable comments?Responding quickly to bad reviews demonstrates to the client that you value and care about their feedback. Additionally, it might be the impetus that convinces someone who had a negative encounter with your company to give you another chance.
How can low customer lifetime value (CLTV) effect business?Because customers leave you after a bad customer support experience, bad customer service reduces customer lifetime value (CLTV). Business loyalty and image are intertwined, and losing devoted customers has an impact on the brand as a whole. Higher customer service expenses - Getting a new client can cost five times as much.
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Which item is important to consider when selecting a
credit card?
Annual Percentage Rate (APR)
Fees
The look of the credit card
th
Both APR and fees
Answers
Answer:
Both APR and fees
Explanation:
The Annual Percentage Rate -APR is the interest rate a customer pays on a credit card per year. Credit cards extend loans to the holder every time they are used. If the credit card user does not pay the full amount on the due date, it attracts interest charges. The higher the APR, the more interest a cardholder will pay. In selecting a credit card provider, APR is the most important factor to consider.
Credit card attracts other fees other the interest. These fees include Balance Transfer Fee, Foreign Transaction Fee, Annual Fee, and Cash Advance Fee. These fees affect the customer's overall cost of using the credit card. Customers should compare different credit card companies and select one with favorable fees.
In a linear programming formulation, a statement such as "maximize contribution" becomes a(n): a) slack variable b) violation of linearity c) decision variable d) objective function e) constraint
Answers
In a linear programming formulation, a statement such as "maximize contribution" becomes a(n): d) objective function.
A linear programming formulation involves the optimization of a linear objective function subject to linear constraints. The objective function represents the quantity that is being optimized, such as maximizing profit or minimizing cost. In this case, the statement "maximize contribution" would become the objective function in the linear programming formulation.
Therefore, the answer to the question is d) objective function. The objective function is a linear function of the decision variables, which are the variables that the decision maker can control, such as the quantity of each product to produce or the amount of resources to allocate to each activity.The constraints in the linear programming formulation are linear inequalities or equations that represent the limitations or requirements of the problem. These constraints may involve limitations on resources, capacity, demand, or other factors that affect the decision-making process.To solve a linear programming problem, one needs to formulate the objective function and the constraints, and then use mathematical methods to find the optimal solution that satisfies all the constraints and maximizes or minimizes the objective function.In summary, a statement such as "maximize contribution" becomes the objective function in a linear programming formulation, which is a mathematical model used to optimize a linear objective function subject to linear constraints.Know more about the linear programming
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If you want to take advantage of compound interest, what should you do when an investment produces interest?
A. Use the interest to pay your bills.
B. Reinvest the interest.
C. Put the interest in a savings account.
D. Put the interest in a checking account.
Answers
Answer: B. Reinvest the interest.
Explanation: Although the rest of the options seem valid, the best option you have is to reinvest the interest. You'll ultimately make more using the side cash you've received. Also, it's correct on Edge.
I hope this helped!
Good luck <3
The best choice you have is to reinvest the interest, Using the extra money you've been given, you'll ultimately make more money. On Edge, it is accurate as well. Hence option B is correct .
What is Compound Interest ?The yearly interest rate is raised to the number of compound periods minus one, and the starting principal amount is multiplied by both of these factors. The resulting value is subsequently deducted from the loan's entire original amount.
Formulas for Compound Interest
Formula for Monthly Compound Interest. Twelve times a year are used to calculate interest that is compounded monthly.
Formula for Quarterly Compounding. Four times a year are used to calculate interest that is compounded quarterly.
Formula for Daily Compound Interest. compute interest in daily basis
Formula for Annual Compound Interest interest will be compute once in a year.
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For the following situation, which value should be applied in valuation from a seller's perspective if there is a legal dispute?
Scenario 2: Sales of an entity in a forced buyout
Group of answer choices
A: None of these values
B: Fair Market Value
C: Debt Value
D: Fair Value
Answers
Option B is correct. In the event of a legal dispute, the fair market value from the seller's point of view should be used for valuation.
Fair Market Value (FMV) means that both the buyer and seller have a reasonable knowledge of the asset, act in their own best interests and are not subject to undue pressure. The price at which the product is sold at A reasonable period of time to complete the transaction.
Given these conditions, the market value of an asset should represent an accurate assessment or estimate of its value.
Definitions of this term are generally accepted in tax law, bankruptcy law and the real estate market. Market value is the price at which an asset could be sold on the open market if certain conditions are met.
Prerequisites are: Participants are aware of all the facts, have sufficient time to act in their own interest, be free from coercion to buy or sell, and make decisions.
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Give an example of where you would use a credit card versus a debit card. List the pros and cons of each for this purchase you are thinking of. Describe why you would use one form of payment versus the other?
Answers
Answer:
Credit Cards vs. Debit CardsCredit cards and debit cards typically look almost identical, with 16-digit card numbers, expiration dates, and magnetic strips, and EMV chips.1 Both can make it easy and convenient to make purchases in stores or online, with one key difference. Debit cards allow you to spend money by drawing on funds you have deposited at the bank. Credit cards allow you to borrow money from the card issuer up to a certain limit in order to purchase items or withdraw cash.
Explanation:
Pros of Using Credit CardsCredit cards can offer certain advantages over debit cards, though they can also have some downsides. Here’s a closer look at the pros and cons of spending with credit cards.
Build credit historyWarranty and purchase protectionsFraud protectionCons of Using Credit CardsThe main drawbacks of using credit cards involve debt, credit score impacts, and cost.
Spending can lead to debtCredit score impactsInterest and feesPros of Using Debit CardsDebit cards can have both upsides and downsides, just like credit cards.
Avoid debtFraud protectionsNo annual feeCons of Using Debit CardsSimilar to credit cards, the biggest downsides of using debit cards involve credit score impacts and cost.
No rewardsWon’t build creditFeesA company sells 800 units at $16 each, has variable costs of $12 per unit, and fixed costs of $1,200. Income is $
Answers
Assuming a company sells 800 units at $16 each, has variable costs of $12 per unit. The after-tax income is $1,200.
After-tax incomeUsing this formula
After-tax income=(Selling units×Selling price)-[(Variable costs×Selling price)+Fixed costs]×(1- tax rate)
Let plug in the formula
After-tax income=(800 units× $16 each)-[(800 units × $12 each)+$1200]×(1-.40)
After-tax income=$12,800-($9,600+$1,200)×0.60
After-tax income=$12,800-$10,800×0.60
After-tax income=$2,000×0.60
After-tax income=$1,200
Inconclusion the after-tax income is $1,200.
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What is legal citizenship defined as
Answers
Answer:
does this help?
Explanation:
Citizenship is defined in the first clause of the first section of the Fourteenth Amendment as: All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and the State wherein they reside.
1.All illegal acts are also immoral true/ false. Give one example.
Answers
Answer:
false
Explanation:
Just because something is immoral does not make it illegal and just because something is illegal it does not make it immoral. Not all immoral acts are illegal.
please mark me brainliestWhich of the following taxpayers is not eligible for a qualified business income deduction?
a.
Leroy's Hot Dog Restaurant, a sole proprietorship
b.
Kallie who is employed by Dillards Department Store
c.
Tom, a Uber driver who is self-employed.
d.
Sandra, a general partner of a large accounting firm.
2.Eagle Company, a partnership, had a short-term capital loss of $10,000 during the current year. Aaron, who owns 25% of Eagle, will report $2,500 of Eagle’s short-term capital loss on his individual tax return.
A. true
B. false
Answers
1. The taxpayer who is not eligible for a qualified business income deduction is Kallie. The correct option is b. ; 2. The correct option is B. false
Let's go through questions one by one:
1. The taxpayer who is not eligible for a qualified business income deduction is b. Kallie who is employed by Dillards Department Store.
This deduction is available to owners of pass-through entities such as sole proprietorships, partnerships, and S-corporations, but not to employees. The correct option is b,
2. The correct answer is B. false. Aaron, as a partner in Eagle Company, will report his share of the partnership's short-term capital loss on his individual tax return.
So, if he owns 25% of Eagle, he will report 25% of the $10,000 short-term capital loss, which would be $2,500.
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$200 a month for car insurance geico is that normal?
Answers
A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.
Complete the statements based on the information.
The individuals in the study are
.
The variable in the study is
.
Answers
Answer:
The individuals in the study are people who visit the breakfast bufftet.
The variable in the study is the number of times a peraon visits the buffet in six months.
The Complete statements based on the given information, “A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.” are:
The individuals in the study are people who visit the breakfast buffet.
The variable in the study is the number of times a person visits the buffet in six months.
What is information?
Information is data that helps in analyzing a situation or an event or anything which can be calculated, measured, and analyzed. Information can be in any form such as in form of numbers, facts, figures, analyses, statements, and so on. in today’s era of information technology, information is considered the new fuel which is driving the whole world at the same time.
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When given an Income Statement, Balance Sheet, and Cash Flow Statement, how would you calculate the following in excel:
DuPont Analysis. Break down your company’s Return on Equity, ROE, into the 3-part DuPont Equation for each year. Comment on what factors caused changes in your company’s ROE over the time period.
Answers
To calculate the DuPont Analysis and break down a company's Return on Equity (ROE) into the three-part DuPont Equation in Excel, you need to analyze the company's Income Statement, Balance Sheet, and Cash Flow Statement. The three components of the DuPont Equation are Profit Margin, Asset Turnover, and Equity Multiplier. Analyzing changes in each component over time can help identify factors influencing the company's ROE.
To perform DuPont Analysis in Excel, follow these steps:
Retrieve the necessary financial statements, including the Income Statement, Balance Sheet, and Cash Flow Statement, for each year of analysis. Calculate the Profit Margin by dividing Net Income by Total Revenue. This ratio measures how efficiently the company generates profits from its sales.
Calculate the Asset Turnover by dividing Total Revenue by Average Total Assets. This ratio indicates how effectively the company utilizes its assets to generate sales. Calculate the Equity Multiplier by dividing Average Total Assets by Average Shareholders' Equity. This ratio shows the leverage or financial structure of the company.
Calculate the ROE by multiplying the Profit Margin, Asset Turnover, and Equity Multiplier. The formula for ROE is: ROE = Profit Margin x Asset Turnover x Equity Multiplier.
By analyzing changes in each component of the DuPont Equation over time, you can identify factors influencing the company's ROE. For example, an increase in Profit Margin may indicate improved cost management or pricing strategies. An increase in Asset Turnover may suggest increased efficiency in utilizing assets. Changes in the Equity Multiplier can be influenced by factors such as debt financing or stock buybacks.
In conclusion, DuPont Analysis allows for a comprehensive breakdown of a company's ROE by analyzing the Profit Margin, Asset Turnover, and Equity Multiplier. Examining changes in these components over time can provide insights into the factors impacting the company's ROE, including profitability, asset utilization, and financial leverage.
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cash receipts journals
Answers
Answer: theyre handy!
Answer:
cool lol
Explanation:
I need two answers please by 2pm today.
Are you motivated more by intrinsic rewards (satisfaction, sense of accomplishment, etc.) or by extrinsic rewards (money, bonuses, etc.)?
Answers
Intrinsic rewards can be more satisfying to a worker than extrinsic ones, because internal motivation is something natural that does not depend on external stimuli.
How does an employee get motivated?There is a set of characteristics that helps in motivation in the work environment. Intrinsic rewards correspond to job satisfaction. To be achieved, the employee needs to feel valued and fulfilled with their responsibilities at work.
Extrinsic rewards are related to external motivations, such as a good salary and bonuses.
Therefore, motivation is essential in the workplace, as it stimulates employee productivity, satisfaction and integration.
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Who is most likely to threaten the security of a business?
A. Only employees
B. Outsiders who were once employees
C. Only outsiders
D. Both employees and outsiders
Answers
Answer:
B. Outsiders who were once employees.
Minik rosing and robert frei have argued that life likely existed as far back as 3.7 billion years ago. they base this claim on:________
Answers
Minik rosing and Robert Frei have argued that life likely existed as far back as 3.7 billion years ago. They base this claim on the presence of biomarkers in rocks of that age.
“Biomarkers” or “chemical fossils” are herbal compounds with a particular carbon skeleton that can be associated with a stated biological precursor. Some biomarkers are synthesized by way of the usage of a confined extensive kind of organisms at the same time as others are extensively allocated.
These biomarkers encode information about historic biodiversity, meal chain institutions, and environmental situations. They're recorders of detail biking, sediment and water chemistry, oxidation-reduction conditions, and temperature histories.
There are three maximum vital kinds of biomarkers: biomarkers of exposure, effect, and susceptibility. A biomarker of publicity is an exogenous chemical or its metabolite(s), or the made from an interaction among a xenobiotic agent and some goal molecule or cell this is measured in a compartment inside an organism.
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Please help me with this data table
Answers
a) The assets of Pretty Pet Groomers as at June 30, 2022, are as follows:
Cash $15,500
Accounts Receivable $11,000
Grooming Supplies $5,000
Equipment $18,000
Total assets = $49,500
b) The liabilities of Pretty Pet Groomers as at June 30, 2022, are as follows:
Accounts Payable $8,000
Notes Payable $15,000
Total liabilities =$23,000
c) The owners' equity of Pretty Pet Groomers as at June 30, 2022, is $26,500.
What is the owners' equity?The owners' equity is the difference between the total assets and the total liabilities at a particular point in the financial period.
Thus, the balance sheet equation or formula, Assets = Liabilities + Owners' Equity can be used to determine any of the perimeters.
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assume the beta for the stock market in general is 1.0 and the beta for world-wide television productions is 2.4. if the stock market increases in value by 10 percent, what is the expected increase in value for the world-wide productions stock? group of answer choices 14 percent 48 percent 24 percent 20 percent 12 percent
Answers
24 percent, Assume that World-Wide Television Productions' beta is 2.4 and that the beta for the stock market as a whole is 1.0. The predicted rise in value for the World-Wide Productions shares is 24% if the stock market appreciates by 10%.
Consider the stock market as a network of stock exchanges where investors and traders may buy and sell shares of publicly listed corporations. This is a simple way to think about the stock market. A procedure known as an initial public offering allows private firms to list shares of their stock on a market (IPO). The investment includes real-time trading of the stocks of the firms, making it also referred to as a "stock market." Primary and secondary stock markets are two different categories. Please be aware that it only deals in shares, whereas the stock market deals in bonds, derivatives, and foreign exchange, and that both markets operate in different ways.
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list and explain the types of
automatic feeders
please will give brainliest to urgent answers
Answers
Answer:
Six Types of Feeder Systems for Automated Assembly
Step feeder: used to feed small cylindrical or spherical parts.
Elevator feeder: able to feed simple parts at varying rates.
Flex feeder: uses vision-guided robots for part selection.
Linear feeder: the system uses vibrations to move parts.
Centrifugal feeder: a modular feeder that is adaptable for different parts.
Jen is investing in a partnership with Lisa. Jen contributes equipment that originally cost $65,000, has accumulated depreciation of $20,000, thus giving it a book value of $45,000, and has a fair value of $52,000. The entry to record Jen’s initial contribution to the partnership includes a
Answers
Answer:
Debit to equipment for $52000
Explanation:
Based on the information given we were told that Jen had a fair value of the amount of $52,000. This means that the Journal entry to record the initial contribution to the partnership will tend to include a DEBIT TO EQUIPMENT FOR THE AMOUNT OF $52,000 which is the fair value amount.
Debit to equipment for $52,000
how much does one person spend on groceries a month?
Answers
Answer:
About $386.92 per month.
Explanation:
when a seismic wave crosses a boundary, it will change directions in the process of
Answers
Answer:
try refraction
Explanation:
hope it helped! :)
Answer:
When a seismic wave crosses a boundary, it will change directions in the process of Refraction.
Explanation:
Refraction is the change in direction and speed that a wave will carry when it passes from one medium to another.
When a seismic wave travels through the interior of the Earth, the direction in which it will go is determined by speed.
Refraction has an important role in this process. The deeper the place where the wave moves, the faster it will travel. What refraction does is that the path that the body waves will follow curves upwards.
In this case, refraction is the transition between the earth's mantle and the nucleus.
what were capital resources in the kingdom of mocha
Answers
Answer:
Bartering and the use of natural resources
Explanation:
It is correct
Why do I want to represent my school at homecoming?
Need help answering this question
#homecomingcourt
Answers
Answer: por que quieres la igualdad
Explanation: no entendi mucho la pregunta
Supply-chain management includes operations management, supply management, logistics, and channel management activities.
a. true
b. false
Answers
Supply-chain management includes operations management, supply management, logistics, and channel management activities. This statement is True.
It guides the group's efforts toward achieving specific, pre-established goals. “Management” is the process of cooperating with and working through others to effectively achieve organizational goals by using limited resources efficiently in a changing world.
First identified by Henri Fayol as the Five Elements, there are now four generally accepted management functions that include these necessary skills.
The definition of control is the way something is handled, the care is taken, the ability to oversee, or the responsibility to a company or group. An example of control is how a person handles personal finances. An example of management is concerned about handling fragile things.
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