Which of the following would be a breach of the implied warranty of merchantability?
a. A knife that cuts its user when slicing a bagel
b. A radio that does not pick up FM signals
c. A match that burns a spot in the carpet when accidentally dropped
d. A watch that does not keep accurate time after getting wet
b
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An act of sexual harassment violates a victim's civil rights if it is unwelcome and "sufficiently severe" and ________.
A. Creates role ambiguity for employees B. Empowers only selected few employees C. Sets unfair labor standards D. Creates abusive working environment E. Interferes with employees' privacy
A company purchased bonds on July 1, 2021, for $274,885. This price represents a market rate of 6% on bonds that have a face amount of $250,000, have a stated rate of 8%, pay semiannual interest, and mature in 6 years. Calculate the amortized cost of the bonds as of December 31, 2021.
A. $266,638. B. $276,638. C. $273,132. D. $264,885.
A bank fails when the value of its ________ falls below the value of ________, causing the bank to become insolvent
A) reserves; required reserves B) loans; secondary reserves C) securities; deposit liabilities D) assets; liabilities
Duncan had revenues of $900,000 in March. Fixed costs in March were $480,000 and profit was $60,000. Answer the following questions:a. What was the contribution margin percentage?b. What monthly sales volume (in dollars) would be needed to break-even?c. What was the margin of safety for March?
What will be an ideal response?