Which of the following is true of how an implied warranty of merchantability is created?
A) It is made by the buyer or lessee.
B) It is implied by law if the seller or lessor is a nonmerchant.
C) It is implied by law if the seller or lessor is a merchant.
D) It has to be explicitly expressed in a contract.
C
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Crafted Jewels is a jewelry manufacturer that sells its designs to various jewelry retailers. The retailers often complain that the company's online store acts as a competitor and reduces their profitability
What type of conflict is this? Briefly explain.
After assessing a negative message, a quick response should be made based on what?
A) Automated reputation analysis feedback B) A public relations plan C) Stakeholder feedback D) Advice from experts such as the legal department E) Comments from the online community
The comparison of a company's financial condition and performance to a base amount is known as ________.
What will be an ideal response?
Best Bagels, Inc. (BB)
currently has zero debt. Its earnings before interest and taxes (EBIT) are $130,000, and it is a zero growth company. BB’s current cost of equity is 13%, and its tax rate is 25%. The firm has 30,000 shares of common stock outstanding selling at a price per share of $25. Refer to the data for . Now assume that BB is considering changing from its original capital structure to a new capital structure with 40% debt and 60% equity. This results in a weighted average cost of capital equal to 11.7% and a new value of operations of $833,333. Assume BB raises $333,333 in new debt and purchases T-bills to hold until it makes the stock repurchase. BB then sells the T-bills and uses the proceeds to repurchase stock. How many shares remain after the repurchase, and what is the stock price per share immediately after the repurchase? Remaining shares; Stock price after repurchase A. 18,000; $27.78 B. 19,400; $29.44 C. 20,800; $31.51 D. 21,800; $34.34 E. 23,500; $35.71