Todd Gunderson found in his attic a Woody Woodpecker watch in its original box. It had a price tag on it for $4.50. The watch was made in 1945. Todd brought the watch to an antiques dealer and sold it for $32. What was the percent of increase in price? (Round to the nearest hundredth percent.)
Q: “O” verbally leased his house and lot to “L” for two (2) years at a monthly rental of P2,500.00 a…
A: A contract is a legally binding document that states all the materialistic information regarding the…
Q: Chris owes the bank $30. His friend Morgan owes the bank $18 Which inequality correctly expresses…
A: A -18>-30
Q: Fifteen years ago, Roop Industries sold $400 million of convertible bonds. The bonds had. a 40-year…
A: (a) The premium is the percentage excess of the conversion price of the stock over the stock price…
Q: If the third person is prevented from fixing the price by fault of the seller or buyer, the party…
A: a. True So there's an agreement to sell product here on aspects that currently the cost is added to…
Q: On a beautiful Saturday in October, Francie decides to take the twenty-mile ride from her home in…
A: The given case relates to consumer credit or requirements of disclosure.
Q: A contractor has agreed to build a home for Jane for $300,000. Early in the construction of the…
A: Case Summary: A contractor will cost $300,00 for the construction of the home from Jane. But she…
Q: Khabua books for a hotel facility and pays in advance. The hotelier tells him nothing more than the…
A: Khabua booked a hotel by paying in advance .As usual the hotel staff did not mention the safety of…
Q: Smith, the owner of a craft boutique, spotted Mary's hand-carved bookends at a crafts fair. She told…
A: Promises are usually not enforceable within the the court of law .Promises doesn't involve any quite…
Q: the concept of “d/b/a,” or “doing business as.” Does a person who uses this designation when signing…
A: The Concept of “d/b/a,” or “doing business as.: Generally, if you operate your business in the names…
Q: Danny sells his second-hand car to BB Auto Traders, a used car dealer. During the verbal…
A: A contract can be referred to as a legal document which is established or drawn at the least between…
Q: On 2nd March 2020, the GTV advertised a promotion sale for Dabe Limited stating that the Company’s…
A: Serlom should be aware of unrealistic practices of the companies these days to attract the customers…
Q: Henrietta wrote a check 1o Belk for $948 she knew her checking account had less than $36 and that…
A: False pretenses are those claims made or implied especially and are not supported by facts. These…
Q: Aisha runs a small home-made snack that sells many small cookies which she sells to the customers…
A: In this case, Aisha runs a small snack business at home and she also sells to customers as well as…
Q: 5. Your company purchases a water solution containing 3 chemicals A, B, and C. A recent shipment of…
A: The question is related to checking the shipment of 10000 kgs amounting to P1125 with respect to…
Q: Donald met Daisy at the Mall. Donald saw that Daisy had a brand new Apple tablet in her hand, he…
A: A valid agreement or non valid agreement is discussed as follows
Q: Brian a 16-year-old, purchased a pool table with all of the accessories. Three weeks later, Brian…
A: A contract is nothing but the legally binding agreement that states and administers the rights,…
Q: 1. You are the owner of an automobile tire wholesaler. You agree to sell a container of tires for…
A: No, an individual will not accept the promissory notes as a payment for the products. John, an…
Q: Seller entered into a contract to sell goods at a contract price of $2,000. At the delivery date,…
A: This question belongs under the Sales Act. In this case, the buyer was expecting the goods will be…
Q: Ed win sells a sofa to Jack for $800. Edwin and Jack both know that the sofa is in Edwin’s…
A: In a contract, every term of the condition must be clearly represented.
Q: Janie, a minor from a rather affluent family, purchases a Samsung Galaxy Note for $3,000 at the age…
A: Janie purchased a Samsung Galaxy Note for $3,000 and started using it. After some time she decided…
Q: A contract to sell, even if accepted by the buyer is not an absolute sale. B. FALSE A. TRUE -…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: David M. Fox was a distributor of tools manufactured and sold by Matco Tools Corporation (Matco).…
A: Transfer of property means passing the duties and responsibilities connected with the issue of…
Q: Explain to Sean, Conor, and Riona if they have a valid contract to purchase Ciara’s car, giving full…
A: In the case study, Sean made a counteroffer, that got dismissed and later acknowledges the first…
Q: The Accounting department sent a letter enclosing the purchase invoice, to the seller of their…
A: I believe the correct option is b) The sales manager will receive a copy of this letter.
Q: A man named Bob Smith believes that he is Santa Claus (who delivers presents to all the children…
A: The state of Bob Smith proposes that he is weakened because of his belief that he is Santa Claus. It…
Q: A) Does the behavior of the salesperson, Rodny, constitute deception? If it constitutes deception…
A: The Case: Ben purchased a used Laptop from Smart store during the sales period. He asked the…
Q: Mary, a keen pottery collector, saw a notice for an auction at James Pottery Limited on September…
A: Contract law defines the legal agreement between individuals, businesses, or others. Thus, it binds…
Q: Sandeep purchased a water filter from an authorized distributor of one of the known water filter…
A: Case Summary: Individual S purchased a water filter from an authorised distributor who is one of the…
Q: J is injured in an accident on K’s premises. K has a commercial general liability policy with a…
A: A Commercial General Liability (CGL) strategy shields your business from monetary misfortune if one…
Q: Marge sold her car to Rupert, her very good friend on credit for $100,000. He paid down $30,000, but…
A: The current situation is a case of transfer of moveable property which comes under Transfer of…
Q: Theresa booked a ticket with AirMalay to fly her from Kuala Lumpur to Melbourne on the 1st December…
A: given, Theresa booked a ticket with AirMalay to fly her from Kuala Lumpur to Melbourne on the1st…
Q: Michael built a calculator (which graphs) using plans Michael found posted on the internet, but he…
A: Case Summary: A calculator is built up by M which is not constructed as per the plan. M sold…
Q: A sales representative in a shopping centre handed Karl a flyer promoting a style cut and shave for…
A: A business flyer is just a banner or a single sheet that is presented to highlight a business…
Q: Donald met Daisy at the Mall. Donald saw that Daisy had a brand new Apple tablet in her hand, he…
A: Legal The term legal can be defined as all activities done by an individual or an institution…
Q: You offered to sell your automobile to Wil for P100,000.00. After inspecting the automobile, Wil…
A: A perfectly contract is a contract which is formed where there is a valid offer by the offeror and…
Q: Tom Taylor, the Sales Manager, was told by his boss, Carl Bauer, to take an order from a new…
A: Tom should understand the concept of batches and batch status. He should find a batch, create a…
Q: In the case of a contract for sale by sample there is an implied condition of all the following…
A: Let us go option by option. A : That the goods will be free from any defect, rendering them…
Q: On March 17, Peckham bought a new car from Larsen Chevrolet for $16,400. During the first one and…
A: There are two parties that are involved in this case- Seller Buyer The seller is Larsen Chevrolet.…
Q: Salma went to a lovely pet to buy kibbles. She took 2 packs of kibbles and brought the the counter.…
A: An offerer is a person who presents an offer that needs to be fulfilled. On the other hand, an…
Q: A. the contract is void ab initio because Bob lacked capacity to contract due to his intoxication B.…
A: A- option A is correct - the contract is void ab initio because Bob lacked capacity to contract due…
Q: A man named Bob Smith believes that he is Santa Claus (who delivers presents to all the children…
A: The state of Bob Smith proposes that he's weakened due to his dream that he's Santa Claus, and out…
Q: Discuss the rights of each party and determine which party is in the best position to prevail
A: Solution: This case is regarding secured transaction, it is a loan or credit transaction in which…
Q: Carol White ordered a $225 pair of contact lenses through an optometrist. White, an emancipated…
A: Infancy
Q: Gardner-Denver is the largest manufacturer of ratchet wrenches and their replacement parts in the…
A: Price discrimination is a kind of selling strategy under which a seller sells the same and identical…
Q: What is a shipment delivery obligation? what is a destination obligation? what if the facts are…
A: Note: "Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Carol offers to sell her personal computer to Bob for $200. Bob says that he will buy the computer…
A: A contract is said as an agreement that must be between two or more parties. The contract must be…
Q: Choose the right answer 6. (Sale of Goods) Amira bought a big oven yesterday. Today her little…
A: Note: We'll answer the first question since the exact one wasn't specified. Please submit a new…
Q: L.L. Bean sends a catalogue to Olivia. A letter addressed to Olivia is attached to the cover of the…
A: The price negotiation process can be defined as a process whereby two parties come together to reach…
Q: A contract of sale of a lot stipulates that the "payment of the full consideration based on a survey…
A: Note- We are authorized to answer one question at a time, since you have not mentioned which…
Q: Albert has won two tickets in a raffle to see the latest movie at the cinema. The market price of a…
A: Market price is the current or the ongoing price at which a buyer purchases a product or service…
Q: Salem Supply Co. sells new and used gardening equipment. Ben Buyer purchased a slightly used riding…
A: As per the case, Person B has purchased a stolen mower and police has handed over it to its actual…
Q: Manuel loves to grill, so he recently purchased a new gas grill online from Costco. The grill…
A: MANAGEMENT: Management is the process of planning, organizing, staffing, directing, and controlling,…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 1. The men's department had sales of $60,000 for December. During the month, the buyer reduced prices of 38 suits from $695 to $445 and that of 20 suits from $550 to $287. What was the markdown percent for the month? Present your answer with a %-sign, rounded to two decimal places (i.e. 19.47%). 2. A giftware buyer received 36 crystal clocks that retailed for $79 each. Five clocks sold at that price before a special sales event. The remaining 31 clocks were marked down to $58. Nineteen of the clocks were sold during the sale, and the remaining clocks were marked to the original $79 price. The remaining clocks were eventually sold at full price. Calculate the net markdown percent. Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%). 3. Alma, a sales associate, receives a 20% employee discount. Because she was the top sales associate of the month, Alma was given an additional 10% discount for the month of March. During March, Alma purchased a…James sold his home for $379,000. If the real estate commission was 5.5%, how much commission did he have to pay? O $20,845 to the listing broker. O $10,422.50 to the listing broker and $10,422.50 to the selling broker. O $45.845 to the listing agent. O $20.845 to the buyer's broker.12 The appraiser valuation Independence obligates appraisers to perform their duties in a manner free from outside influence through which of the actions. A) Encouraging a target value B) withholding payment from an appraiser C) Asking the appraiser to substantiate a value D) Communication directly between the loan officer and the appraiser
- Which of the following factors may an underwriter consider an asset? A) The borrower's children B) The borrower's marital status C) Trust funds that the borrower owns D) Credit cards that the borrower previously ownedD) The title company decides which index type the ARM will use when an applicant closes the loan, and the index type generally will change after loan closing. A Loan Estimate is considered expired and is permitted to be revised by the creditor without additional justification if the consumer indicates an intent to proceed with the transaction more than: A) 1 business day after the Loan Estimate was provided. B) business days after the Loan Estimate was provided. C) 7 business days after the Loan Estimate was provided. D) 10 business days after the Loan Estimate was provided.16) Goods means every kind of immovable property other than actionable claims and money. a) True b) False 17) Faiz meets Farhan, a car dealer and tells him that he wants a car that can move 20km/liter. Farhan promotes one of the cars in the showroom and says that it suits the purpose. Faiz buys the car by relying on Farhan's representation. Subsequently Faiz finds that the car can move 15km/liter. The above situation is an example of breach of warranty. a) True b) False
- Mike Patton worked in advertising for Bungle, Inc. When customers paid with cash for their purchases, Mike would slip a $5 bill into his pocket. At the end of the night, Mike would add up the money in his pocket and create a false refund for that amount. What type of scheme is this an example of? Lapping Larceny at the point of sale Sales skimming Larceny at the depositYour insured lives in an apartment but takes a temporary position in another city and must store some major furniture items in a storage warehouse until he/she returns. In the interim the unfurnished apartment is sublet to a friend. Subsequently, the warehouse is broken into and some of your insured's furniture is stolen. What would a Tenants Comprehensive policy pay? OA) The actual cash value or replacement cost of the property stolen less the policy deductible, subject to the 10% limitation on property temporarily removed. OB) Nothing. The loss is not covered. OC) The actual cash value or replacement cost of all the personal property stolen, less the policy deductible, subject to the policy limit. OD) That proportion of the loss which the value of the property at the warehouse bears to the total value of all of his/her personal property.i). Store manager MIze company’s car for personal purpose because he is the only person that monitor the movement and usage of the car. ii). Ali corporation booked revenues earlier than it should have because it was at risk of missing analyst estimates. Explain what the 2 types of fraud committed in the situation.
- The children's buyer licensed tee shirt order was invoiced on June 25 for $10,600. The terms on the order were 8/10 EOM. How much should the buyer pay if the order is paid on time by the due date?Alberto sold a lot. Data relating to the sale of the lot are as follows: Fair market value P10,000,000 12,000,000 6,000,000 Selling price Cost What are the amounts subject to the following 11. income taxS 2 the uncertain nature of health status gives rise to the demand for insurance coverage among persons who afe risk averse true false