BUSINESS HIGH SCHOOL

Oceanic Vessels, Inc., and Pacific Harbor Company enter into a contract for a sale of a boat. Oceanic is a merchant who deals in goods of the kind sold. The goods are defective. Under the UCC, the implied warranty of merchantability is breached a. only if Oceanic did not know about andcould not have discovered the defect.
b. only if Oceanic did not know about the defect.
c. only if Oceanic knew about or could have discovered the defect.
d. regardless of what Oceanic knew or could have discovered

Answers

Answer 1
Answer:

Answer:

D). Regardless of what Oceanic knew or could have discovered


Related Questions

COLLEGE

Activity-based costing considers ________ to be the fundamental cost object.

Answers

Activity-based costing considers activities to be the fundamental cost object.

Hope this helps :)
~Davinia.
MIDDLE SCHOOL

Why is it important to take a college entrance exam

Answers

You may know college admission tests by name — the SAT, SAT Subject Tests and the ACT. These tests, also called college entrance exams, are designed to measure students' skills and help colleges evaluate how ready students are for college-level work.

HIGH SCHOOL

France and England both produce wine and cloth under conditions of constant opportunity costs. France can produce 150 barrels of wine if it produces no cloth or 100 bolts of cloth if it produces no wine. England can produce 50 barrels of wine if it produces no cloth or 150 bolts of cloth if it produces no wine. When international trade takes place, each country specializes in the production of the good in which it has a comparative advantage—1 barrel of wine exchanges for 1 bolt of cloth—and France exports 50 units of wine. We can conclude that France produces ________ units of wine and ________ units of cloth and that France consumes ________ units of wine and ________ units of cloth.A)150; 100; 100; 100B)150; 0; 100; 50C)150; 0; 50; 50D)0; 100; 50; 50

Answers

Answer:

The correct answer is option B.

Explanation:

France can produce 150 barrels of wine or 100 bolts of cloth.

England can produce 50 barrels of wine or 150 bolts of cloth.

The opportunity cost of producing a barrel of wine for France

=

= 0.66 bolts of cloth

The opportunity cost of producing a barrel of wine for England

=

= 3 bolts of cloth

France has a lower opportunity cost for producing wine, so we can say it has a comparative advantage in producing wine.

The opportunity cost of producing a bolt of cloth for France

=

= 1.5 barrel of wine

The opportunity cost of producing a bolt of cloth for England

=

= 0.33 barrel of wine

England has a lower opportunity cost for producing cloth, so we can say it has a comparative advantage in producing cloth.

1 barrel of wine exchanges for 1 bolt of cloth and France exports 50 units of wine.

France produces 150 barrels of wine and 0 units of cloth. France consumes 100 units of wine and 50 units of cloth.

HIGH SCHOOL

A sale of treasury stock may result in a decrease in paid-in-capital. All decreases should be charged to the Paid-In-Capital from Sale of Treasury account.a. true b. false

Answers

Answer:

b. false

Explanation:

A loss making treasury stock sale will decrease the paid-in-capital account by the amount of loss only.

In case of Loss

                           Dr.     Cr.

Cash                   xxx

Paid-In -Capital  xxx

Treasury                      xxx

In case of Profit

                           Dr.     Cr.

Cash                   xxx

Paid-In -Capital           xxx

Treasury                      xxx

As Paid-In-Capital account is part of equity account and it has credit balance. Hence Paid-In-Capital balance will only be reduced in case of loss making treasury shares sale.

HIGH SCHOOL

Chloe has a​ $15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is 3 percent what is the real interest rate paid on the​ loan?

Answers

Answer:

5 percent

Explanation:

The nominal interest rate is defined as the interest rate before adjusting for inflation. It is the interest rate stated by lenders when issuing out loans. Inflation erodes the strength of a currency. For depositors to profits from their savings, the nominal rate must be greater than the inflation rate.

The difference between the nominal rate and the inflation rate is the rear rate of return. The rear rate is the actual gain or the cost of borrowing or savings. For chloe, the real rate is the amount the lender will be earning from the personal loan advanced to her. It is the nominal rate adjusted for inflation. The rate is 8 percent, minus 3 percent.

COLLEGE

As a small business owner in today’s economy, what three financial reports would you use on a regular basis? What information would you find on each statement? What decisions might each statement help you make? Please provide specific examples.

Answers

Answer: Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Explanation:

Balance Sheet or the statement of Financial Position  is a report that shows the assets that your business owns against your equity and liabilities. This report can help you make asset purchasing decisions or decisions about how to fund the acquisition of new assets.

Profit and Loss Statement: shows a detail of the income your business has earned, the expenses you incurred to earn this income and your profit/loss. This report can help you figure out if your expenses are too high or the prices you charge for your goods/services are too low.

Cash Flow Statement: shows your liquidity position at different points during a financial period. This report is important as it allows you to see periods when you may need an extra inflow of funds to keep your business operational and can help you decide when to apply for bank loans or whether to delay the purchase of some assets.

HIGH SCHOOL

Which of the following is not an example of income? wages food tips allowance.

Answers

Among the following the one which is not an example of income is Food. Thus the correct option is B.

What is income?

An income is referred to as the amount gained by the individual on behalf of getting any work done. This income is an asset of an individual. The income helps an individual to increase their purchasing parity and standard of living.

An example of income is wages which are received by an individual on daily basis as remuneration. Allowance is also referred to as Income which is gained by an individual for profit gain. A tip is also a form of income given when the customer is satisfied with the service.

Income is an entity's ability to save and spend money over a certain period of time. For maintaining financial stability and making purchases as expenses, this is vital.

Therefore, option B is appropriate.

Learn more about income, here:

brainly.com/question/2386757

#SPJ6

Answer:food

Explanation:Which of the following is not an example of income?

COLLEGE

4) During 1995, the Mexican peso exchange rate rose from 5.33 peso/$ to 7.64 peso/$. At the same time, US inflation was approximately 3% in contrast to Mexican inflation of about 48.7%. a. By how much did the nominal value of the peso change during 1995

Answers

Answer:

The real exchange rate was 7.69 pesos per dollar

while the nominal value changed to 7.64 from 5.33

a total increase of 2.31

Explanation:

We solve for the real exchange rate by multipling the spot exchange by the foreing inflation and dividing by the national inflation

HIGH SCHOOL

Suppose the market for tortillas is initially in equilibrium, but then the equilibrium wage rate and the equilibrium quantity of labor both increased. What happened in the market for tortilla?

Answers

Answer:

The supply of tortillas decreased

Explanation:

Random Questions