The correct statement regarding the contract provision for preinspection payment is (C) It does not impair a buyer's right of inspection or his remedies.
The provision for preinspection payment does not prevent the buyer, Johnston, from inspecting the goods or exercising his remedies if the goods are nonconforming. Despite making the payment prior to inspection, Johnston still has the right to inspect the cotton and take appropriate action if it does not meet the agreed-upon quality.
Johnston's remedy because the cotton was nonconforming is (B) Damages measured by the difference between the value of the goods delivered and the value of conforming goods.
Since the cotton delivered was of a lower quality than specified in the contract, Johnston can claim damages based on the difference in value between the nonconforming goods and the value of conforming goods.
Johnston can resell the cotton in a (A) private sale. He is not required to give McHugh reasonable notice of his intention to resell the cotton. Johnston can sell the nonconforming cotton through a private sale without notifying McHugh.
The contract provision for preinspection payment does not waive the buyer's rights, Johnston's remedy for the nonconforming cotton is damages based on the difference in value, and he can resell the cotton in a private sale without notifying McHugh.
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1. The contract provision for preinspection payment does not impair a buyer's right of inspection or his remedies. (C)
2. Johnston's remedy because the cotton was nonconforming is damages measured by the price paid plus the difference between the contract price and the cost of buying substitute goods. (C)
3. Johnston can resell the cotton in a private sale but only after giving McHugh reasonable notice of his intention to resell. (B)
1. The contract provision for preinspection payment does not affect a buyer's right to inspect the goods or exercise their remedies if the goods are nonconforming.
Even though Johnston paid before inspection, he still had the right to inspect the cotton and demand return of his payment when he discovered it was not the agreed No. 1 quality. Therefore, option (C) is correct.
2. Johnston's remedy because the cotton was nonconforming is not specific performance or damages measured by the difference between the value of the goods delivered and the value of conforming goods. Instead, he is entitled to damages measured by the price paid plus the difference between the contract price and the cost of buying substitute goods.
This is because the nonconforming cotton does not meet the agreed quality and Johnston should be compensated for his loss. Therefore, option (C) is correct.
3. Johnston can resell the cotton in a private sale but only after giving McHugh reasonable notice of his intention to resell. This is because he rejected the nonconforming goods and tendered them back to McHugh. Johnston has the right to resell the goods and mitigate his damages.
However, he should give McHugh reasonable notice to give them the opportunity to cure the defect or agree to the resale. Therefore, option (B) is correct.
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When buyers, real estate brokers, and mortgage leaders were dishonest about the ability of people to pay their mortgages, it led to:
When buyers, real estate brokers, and mortgage leaders were dishonest about the ability of people to pay their mortgages, it led to a housing market bubble and ultimately a financial crisis.
When buyers, real estate brokers, and mortgage lenders were dishonest about the ability of people to pay their mortgages, it led to an increased number of high-risk loans being approved. This, in turn, contributed to the housing market crash and the subsequent financial crisis.
This dishonesty included providing false or misleading information about income, employment status, and credit history, which allowed people to obtain mortgages they could not afford. As a result, many homeowners defaulted on their mortgages, leading to a wave of foreclosures and a significant decline in property values.
The consequences of this dishonesty were severe and long-lasting, affecting not just the housing market but the entire economy.
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What does making a good decision mean?? How can I make a good decision?
Answer:
A good decision is one that is made deliberately and thoughtfully, considers and includes all relevant factors, is consistent with the individual’s philosophy and values, and can be explained clearly to significant others.
Ways to make good decision:
Set Aside Time to Reflect on Your MistakesStop Thinking About the ProblemFrame Your Problems In a Different WayIdentify the Risks You TakeTake Note of Your OverconfidenceTalk to Yourself Like a Trusted FriendLabel Your EmotionsAcknowledge Your ShortcutsConsider the Oppositewhy planning is important before starting a business?
Answer:
So you can get ready to know 'how to make your business good'
If you don't plan, then you'll forget to setup something is may be important
Explanation:
Hope this helps :)
What is the amount of money the Hardys will need to deposit annually (rounded to the nearest two decimal places) to achieve their down-payment goal
To determine the amount of money the Hardys will need to deposit annually to achieve their down-payment goal, they should consider factors such as the desired down-payment amount, the timeframe for saving, and the interest rate.
By dividing the desired down-payment amount by the number of years they have to save, the Hardys can calculate the annual deposit needed.
To calculate the annual deposit, the Hardys should divide their desired down-payment amount by the number of years they have to save. For example, if their down-payment goal is $50,000 and they plan to save for 5 years, the annual deposit would be $10,000 ($50,000 divided by 5). This calculation assumes no interest or investment returns.
If the Hardys want to factor in interest, they should consider a higher annual deposit to account for the growth needed to reach their goal. Additionally, it's important to round the annual deposit to the nearest two decimal places for accurate planning.
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• In Chapter 10, read the "Reading EnergyGuide Labels" section and complete
the following questions:
1. What types of products have an energy-efficiency rating (EER)?
2. Why might a consumer want to know the estimated yearly energy costs
for operating an appliance?
The types of products have an energy-efficiency rating (EER) are:
The EER is the cooling capacity (in British thermal units (Btu) per hour) divided by the power input (in watts).
Why might a consumer want to know the estimated yearly energy costs for operating an appliance?
Without energy monitoring, the customer will be unable to identify inefficiencies in their company or home and efficiently correct the issue.
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Answer:
1Air conditioners, heat pumps, furnaces, and boilers
2 Having the estimated cost allows a consumer to make intelligent cost comparisons over time with different models of a product.
Explanation:
trust me
If the economists' argument is correct that rent controls do more harm than good, why have rent controls existed in so many u.s cities? Discuss who directly benefits from instituting and maintaining rent controls besides the renters who occupy the lower-cost housing.
Rent controls have existed in many U.S. cities due to various factors, despite economists' arguments that they do more harm than good.
Besides benefiting lower-cost housing renters, other stakeholders who directly benefit from rent controls include local politicians seeking voter support, tenant advocacy groups pushing for tenant rights, incumbent renters in rent-controlled units, social equity advocates addressing income inequality, labor unions indirectly benefiting from increased consumer spending, and local economies through potential economic stimulus.
While these groups benefit from rent controls in the short term, economists caution that the long-term consequences, such as reduced housing supply and diminished investment incentives, outweigh these advantages and can negatively impact overall housing affordability.
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What other images are used on this site, and how do they relate to what the company is selling?
Any website's content strategy is incomplete without images. The greatest pictures are displayed well above fold and serve as both decorative elements and educational tools.
Why are pictures crucial for businesses?The most effective strategies for improving the performance of your content is visual and video material. When content is accompanied by an image, viewers are 80% as inclined to interact with it and 64% more inclined to remember what you read or heard. There you have it, then. To advertise your business, you must use photos. This image might show someone is using your product or show the results of your service. This product graphic makes it easier for potential buyers to understand how your good or service can help them.
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In general, business writing should be _____.
Business writing is important in the business community. The writing style and material must be specific in order to elicit a meaningful reaction and be expressive in nature.
What is a company definition in a nutshell?
A business is described as a company or organisation that engages in commercial, industrial, or professional activity. Companies can be either for-profit or non-profit organisations. Limited liability firms, sole proprietorships, corporations, and partnerships are all examples of business structures. The introduction to the business plan provides a basic summary of the business plan, including a brief company description, aims and objectives, and the reason for launching the firm.
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Give an example of a single product with several market segments?
The goal of the marketing discipline is to recognise and cater to the specific needs of various market segments. Marketers categorise prospective clients using research...
How do you spell Recognise in the UK?
The goal of the marketing discipline is to recognise and cater to each segment's particular demands. Marketers classify prospective customers using research...
There are two English words for this: recognise and recognise. British English (used in the UK/AU/NZ) is where recognise is most commonly used, while American (US) English (en-US) is where recognise is most frequently used ( en-GB ).
/ (rknaz) / verb (tr) to perceive (a person, creature, or thing) as being the same as or belonging to the same class as something previously seen or known; to know again. to acknowledge the need for (something); to accept or be aware of (a fact, duty, issue, etc.).
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Why are entrepreneurs essential to the success of a free enterprise economy?
Answer:
they help the market respond to changing prices and consumer preferences.
Explanation:
Entrepreneurs are themselves an important ‘factor of production’ and an essential aspect of a functioning free market economy. Importance of entrepreneurs Free market evolution. Entrepreneurs are important in a free market because they help the market respond to changing prices and consumer preferences.
If country A has a comparative advantage in the production of good X over country B, then: _______________
a. country A should not trade with country B.
b. the domestic opportunity cost of producing X in country A is higher than in country B.
c. the domestic opportunity cost of producing X in country A is lower than in country B.
d. the domestic opportunity cost of producing X in country A is higher or lower than in country B.
Considering the situation described above, if country A has a comparative advantage in producing good X over country B, then: the domestic opportunity cost of producing X in country A is lower than in country B.
What is Opportunity Cost?Opportunity cost is often used in economics to describe the profit lost when one choice or option is taken over another.
What is Comparative Advantage?Comparative Advantage is the term used to describe the economy's capacity to produce a specific good or service at a lower opportunity cost than its trading competitors.
Therefore, given that country A has a comparative advantage in producing good X over country B, this equates to country A having a lower opportunity cost than country B.
Hence, in this case, it is concluded that the correct answer is option C.
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3. Describe the purpose of the SEC. (1-4 sentences 2.0 points)
Answer:
The Securities and Exchange Commission (SEC) is a federal body tasked with safeguarding investors from fraud and ensuring the market's fairness and efficiency in the United States. One of its key objectives is to require all types of investments to be disclosed to both small and large firms.
The Securities and Exchange Commission (SEC) was established in 1934 to enforce the 1933 Securities Act. It was created, in large part, to fill the void left by the absence of a government regulatory body to regulate the U.S. stock markets during a period of significant financial volatility. It was shortly broadened to include the 1940 Investment Advisers Acts as well. Today, the agency is responsible for enforcing and amending federal securities laws, as well as coordinating U.S. securities regulations with other countries.
Explanation:
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
What does deficit spending require a government to do?
lay off workers
cut taxes
take on debt
hire more workerscy
Answer:
c. TAKE ON DEBT
Explanation:
A deficit spending require a government to: C. take on debt.
What is deficit spending?A deficit spending can be defined as a situation in which the expenditure of government exceed the amount of money generated as revenues over a fiscal period.
This ultimately implies that, deficit spending typically occurs when government's expenditure is greater than its revenue over a specific period time.
Consequently, government tends to resort to borrowing or taking debt when there is deficit spending in its budget.
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EPA is part of how to avoid this type of risk?
compliance
operational
strategic
financial
Answer:
A.compliance
Explanation:
Deciding how many parts to order from a vendor is an example of what type of decision? (A) tactical decision (B) strategic decision (C) operational decision (D) all of the above
The decision of how many parts to order from a vendor is an example of an operational decision. Operational decisions are made at the lower levels of an organization and are concerned with day-to-day activities and processes. Option C
These decisions are typically made by managers who are responsible for ensuring that the organization's resources are effectively utilized to achieve its objectives.
Tactical decisions, on the other hand, are made at the middle management level and are concerned with implementing the strategic decisions made by senior management. These decisions are focused on specific projects and programs and are usually short-term in nature.
Strategic decisions, on the other hand, are made by senior management and are concerned with setting the overall direction of the organization. These decisions are typically long-term in nature and have a significant impact on the organization as a whole.
Therefore, while the decision of how many parts to order from a vendor is not a strategic decision, it may be influenced by strategic decisions made at the senior management level. Additionally, tactical decisions may also be involved in the process of determining how many parts to order. Option C
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Which group tried to learn American Indian languages and customs?
What programs are always running when your computer is turned on? Enter the names of the programs in the space provided.
Answer:
The French
Explanation:
Edge babyyyyy
Today, most salespeople are well-educated, well-trained professionals who work to build and maintain long-term customer relationships by teaching their customers, assessing their needs, and organizing the companyâs efforts to solve customer problems.
a. True
b. False
Answer:
b. False
Explanation:
The above is false because sales people are supposed to build and maintain long term relationships with their customers by listening to and assessing their needs and not teaching their customers. Sales people create a concerted effort towards solving those needs experienced by their customers.
A salesperson represent the image of the company he or she is selling for, hence must be professional and well trained because the company gets profit through his interactions with the customers. This means that before the company gets profit, customers must be satisfied because these salespeople act as critical link between the company and its customers.
Compute the degree of operating leverage at a particular level of sales and explain how it can be used to predict changes in net operating income.
The degree of operating leverage at a particular level of sales is calculated by dividing the contribution margin by net operating income.
The degree of operating leverage (DOL) is a multiple that evaluates how much a company's operating income changes in response to changes in sales.
Companies with a high proportion of fixed costs (or costs that do not change with production volume) to variable costs (costs that change with production volume) have greater operating leverage.
The DOL ratio helps analysts determine the impact of a change in sales on a company's earnings or profit.
The sensitivity of net operating income to percentage changes in sales is measured by the degree of operating leverage.
Determine how a percentage change in sales volume affects profits at any given level of sales.
Sensitivity is higher because of a lower net income, increased fixed expenses, and increased commissions.
Hence, The degree of operating leverage at a particular level of sales is calculated by dividing the contribution margin by net operating income.
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If a person wants to work from home in the Business, Management and Administrative careers, what is required?
O a cubicle to keep the person on task
0 a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers
Answer:
proper technology to keep the person connected
Explanation:
Working from home entails accessing the office remotely. The employee gets connected to the company's private network while at home. A good internet connection is required for the employee to be connected to the office systems while at home.
Apart from connectivity, they may need a virtual private network application to access the company's private network. The employee's home computer will need configuration to access office applications. Proper technology is, therefore, required to keep an employee connected.
Answer:
C) proper technology to keep the person connected
Explanation:
Which factor does NOT determine the price elasticity of demand?
the slope of the supply curve
the proportion of the budget spent on the item
the time available to adjust to price changes
the number of available substitutes
The factor that does NOT determine the price elasticity of demand is the slope of the supply curve.
The price elasticity of demand is determined by the responsiveness of the quantity demanded to changes in price, which is affected by factors such as the proportion of the budget spent on the item, the time available to adjust to price changes, and the number of available substitutes.
The proportion of the budget spent on the item is an important factor in determining the price elasticity of demand. When a larger proportion of the budget is spent on the item, the demand tends to be more elastic, meaning that consumers are more likely to adjust their consumption in response to changes in price.
Additionally, the time available to adjust to price changes also affects the price elasticity of demand. When consumers have more time to adjust to price changes, the demand tends to be more elastic.
Finally, the number of available substitutes is also a key factor in determining the price elasticity of demand.
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A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $5 million at the end of one year, $10 million at the end of two years, and $15 million at the end of three years. Option C will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option D will give the firm $21 million at the end of one year, nothing at the end of two years, and $9 million at the end of three years. Which of these options has the highest present value if the rate of interest is 5 percent
Answer:
The answer is "Option D".
Explanation:
Using the formula for calculating present value:
\(= \frac{Future \ value}{(1+r)^n}\\\\\)
that's why "Option D" is correct.
Proponents of "no taxation without representation" claimed that although trade regulation was a legal means for parliament to raise revenue, direct internal taxes such as the stamp act were an illegitimate extension of parliamentary power. True or false?.
Proponents of "no taxation without representation" claimed that although trade regulation was a legal means for parliament to raise revenue, direct internal taxes such as the stamp act were an illegitimate extension of parliamentary power. The given statement is false.
What did no taxation without representation mean?
A population that is compelled to pay taxes to a government authority without having any input on that government's policy is referred to as having taxation without representation. "Taxation without representation is tyranny," was the catchphrase used by American colonists to rebel against their British overlords.
Who first said no taxation without representation?
"Taxation without representation is tyranny," the phrase that became an anti-British catchphrase before the American Revolution, is generally attributed to James Otis around 1761 and reflects the resentment of American colonists at being taxed by a British Parliament to which they did not elect representatives.
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A medium of exchange is:
A. a measure by which prices are expressed
B. an asset that is used to settle future debts
C. the thing traded when barter takes place.
D: an object that sellers will accept as payment
Reserves are __________.
A. gold in a bank's vault plus its gold at federal reserve banks
B. cash in a bank's vault plus its its gold at federal reserve banks
C. cash in a bank's vault plus the cash carries by its customers
D. cash in a bank's vault plus its deposits at federal reserve banks.
The amount of reserves that a bank must keep on hand is determined by the legally required reserve ratio. Excess reserves are funds that a bank has beyond the required reserves.
A medium of exchange is: D: an object that sellers will accept as payment. Reserves are D: cash in a bank's vault plus its deposits at federal reserve banks. A medium of exchange is an object that is widely accepted in exchange for goods and services. Mediums of exchange are objects that are widely accepted in exchange for goods and services. They help facilitate transactions by providing a common unit of value. A medium of exchange is, therefore, an object that sellers will accept as payment. A medium of exchange may be a physical object such as money or a digital token used to make purchases online or in a store. Money is the most commonly used medium of exchange. Money is also used as a store of value and a unit of account. Reserves refer to the funds that a bank keeps on hand to satisfy withdrawals, meet its daily operational needs, and maintain the legally required reserve ratio. Reserves include deposits that a bank holds at a Federal Reserve Bank and cash that is held in a bank's vault. Reserves are a way to ensure that a bank has sufficient funds to meet its customers' demands for withdrawals. Reserves are classified as either required or excess. The amount of reserves that a bank must keep on hand is determined by the legally required reserve ratio. Excess reserves are funds that a bank has beyond the required reserves.
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option D is the correct answer.
A medium of exchange is an object that sellers will accept as payment. Reserves are cash in a bank's vault plus its deposits at federal reserve banks.What is a medium of exchange?A medium of exchange is an object that sellers will accept as payment. This is the main answer. An asset that is used to settle future debts is called a unit of account. The thing traded when barter takes place is called a commodity. A measure by which prices are expressed is called a standard of value. Therefore, option D is the right answer.Reserves are cash in a bank's vault plus its deposits at federal reserve banks.
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how to calculate cost of sales and gross profit
Helppppppppppppp
Why is engaging communication a two-way process?
Why are words alone not enough to communicate effectively?
Answer:
Explanation:
You need 2 people to have a conversation, not just words. You can’t just be in and empty room and just talk. You need someone else to talk to you.
Which of the following is a service fee? an amount of money a bank charges?
O an amount of money a bank charges for the use of an account.
O an amount of money charged as interest on a credit card balance.
O a fee charged when there is not enough money in a checking account to cover a check.
O the minimum balance a bank requires to be deposited to opening a checking account.
^I am thinking D, but I am not certain. Could someone check please? Thanks!
Answer:an amount of money a bank charges for the use of an account.
Explanation:
When someone charges you money for them to do something it is called a service fee
Why can you win a presidential election without winning the most individual votes?
Answer:
Because of Electoral College system
Explanation:
Answer:
You can win when you get more electoral college votes than your opponent. The first to 270 votes wins the race.
Explanation:
(hope this helps :P)
The opportunity to gain a foothold in the snack cracker industry had just been found. Britney Marr, an account executive manager for Baked Wheat Industries had developed an interest in wheat crackers two months ago when one of her newly hired account execs, Amy Bender, had convinced her about the high margins and promising future associated with that market. Marr had always believed that if you do your homework in hiring the best people then it only makes sense to listen to their recommendations and implement their suggestions. Marr had given her approval to Bender to explore opportunities to move into this promising new market. This morning, Bender had reported that the Jackson Corporation had severed its contract with Feel Good Crackers Incorporated. Apparently, the Feel Good salesman had shared sensitive information about Jackson at a cocktail party. Bender had already established a good relationship with Feel Good buyers and so recognized this as an opportunity to expand her market into wheat crackers. Marr's management style reflects a belief in:_____.a) theory Y.
b) developing her employees through control.
c) grieving theory.
d) all of these.
e) none of these.
Answer:
The correct answer is the option A: Theory Y.
Explanation:
To begin with, the name of "Theory Y" is refered to the theory develop by Douglas McGregor in 1960 who encouraged the human part of the organization and always believed in the management of talent in order to obtain the best of every organization. Therefore that this theory stated that the people of the organization are the most important part of it and the very reason why the organization can be the best or the worst at its job. Moreover, it says that the person who is the manager and administrates the employees must given them good space to work in terms of physical and psychological environment so that the individuals can give the best of them to complete every task at their best.
At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $400 (credit) before adjustment. The balance of Accounts Receivable is $15,000. The company estimates that 10% of accounts will not be collected over the next year. What adjustment would Mercy Cosmetics record for Allowance for Uncollectible Accounts?
Credit Bad Debt Expense $1,100 adjustment will bring the balance of Allowance for Uncollectible Accounts to a more accurate reflection of the potential uncollectible accounts.
Mercy Cosmetics would need to make an adjusting entry to increase their Allowance for Uncollectible Accounts balance to reflect the estimated 10% of accounts that will not be collected over the next year.
The estimated amount of uncollectible accounts can be calculated as $15,000 x 10% = $1,500.
Since the balance of Allowance for Uncollectible Accounts is currently at $400 (credit), the adjusting entry would be to debit the account by $1,100 ($1,500 - $400) to increase the balance to $1,100 (debit).
The journal entry to record this adjusting entry would be as follows:
Debit Allowance for Uncollectible Accounts $1,100
Credit Bad Debt Expense $1,100
This adjustment will bring the balance of Allowance for Uncollectible Accounts to a more accurate reflection of the potential uncollectible accounts, ensuring that the company's financial statements are more reliable.
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