In Lee v. R&K Marine, where a boat that Lee bought became unusable after only three years when it fell apart, and the seller had expressly disclaimed all warranties, the court held:
a. Lee was out of luck as warranties do not apply to personal watercraft b. Lee was out of luck because the seller properly disclaimed warranties c. the seller could not disclaim warranties for reasonable repairs
d. the seller could not disclaim warranties that evade industry standards of quality e. none of the other choices
b
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Lincoln Corp received advance payments from customers during 2016 of $10,000 . At December 31, 2016, $1,000 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2016, the balances in the Unearned Service Revenue and Service Revenue accounts will be Unearned Service Revenue Service Revenue
a. $ 1,000 $ 9,000 b. $ 1,000 $10,000 c. $11,000 $ 1,000 d. $ 9,000 $10,000
Pegasus writes about its target market and demographics in the ________ section of its marketing plan
A) executive summary B) implementation C) situation analysis D) strategy E) tactics
Osprey Company is considering purchasing a new summer camp in the mountains of North Carolina for $3,000,000. The new facility will generate annual net cash inflows of $500,000 for ten years. Specialists estimate that the facility will remain useful for ten years and have no residual value. The company uses straight-line depreciation, and its stockholders demand an annual return of 10% on investments of this nature.
Requirements
1. Compute the payback, the ARR, the NPV, the IRR, and the profitability index of this investment.
2. Recommend whether the company should invest in this project.
_______________________________ include quotas, domestic subsidies, discriminatory government procurement policies, and regulations such as import licensing and product standards.
Fill in the blank(s) with the appropriate word(s).