Chelene had been a caregiver for Marta’s elderly mother, Janis, for nine years. Shortly before Janis passed away, Chelene convinced her to buy Chelene’s house for Marta. Janis died before the papers were signed, however. Four months later, Marta used her inheritance to buy Chelene’s house without having it inspected. The house was built in the 1950s, and Chelene said it was in "perfect condition." Nevertheless, one year after the purchase, the basement started leaking. Marta had the paneling removed from the basement walls and discovered that the walls were bowed inward and cracked. Marta then had a civil engineer inspect the basement walls, and he found that the cracks had been caulked and painted over before the paneling was installed. He concluded that the "wall failure" had existed "for at least thirty years" and that the basement walls were "structurally unsound." Using the information presented in the chapter, answer the following questions.
1. Can Marta avoid the contract on the ground that both parties made a mistake about the condition of the house? Explain. 2. Can Marta sue Chelene for fraudulent misrepresentation? Why or why not? What element (or elements) might be lacking?. 3. Now assume that Chelene knew that the basement walls were cracked and bowed and that she hired someone to install paneling before offering to sell the house. Did she have a duty to disclose this defect to Marta? Could a court find that Chelene's silence in this situation constituted misrepresentation? Explain.

By using the price elasticity of demand formula, the quantity of messenger bags that would be sold per week is 240 messenger bags.

Mathematically, the price elasticity of demand can be calculated by using the following formula;

Price elasticity of demand = (Q₂ - Q₁)/[(Q₂ + Q₁)/2]/(P₂ - P₁)/[(P₂ + P₁)/2]

For the change in price, we have:

Change in price, ΔP = P₂ - P₁

Change in price, ΔP = $44 - $36

Change in price, ΔP = $8

From the midpoint formula, the midpoint price is given by:

Midpoint price, P = (P₂ + P₁)/2

Midpoint price, P = ($44 + $36)/2

Midpoint price, P = $80/2

Midpoint price, P = $40

For the change in quantity, we have:

Change in quantity, ΔQ = Q₂ - Q₁

Change in quantity, ΔQ = Q₂ - 400

From the midpoint formula, the midpoint quantity is given by:

Midpoint quantity, Q = (Q₂ + Q₁)/2

Midpoint quantity, Q = (Q₂ + 400)/2

Midpoint quantity, Q = 0.5Q₂ + 200

Now, we would substitute the parameters into the formula for price elasticity of demand:

-2.5 = (Q₂ - 400)/8 × 40/0.5Q₂ + 200

Evaluating the above, we have:

-2.5(0.5Q₂ + 200) = 5(Q₂ - 400)

-1.25Q₂ - 500 = 5Q₂ - 2000

5Q₂ + 1.25Q₂ = 2000 - 500

6.25Q₂ = 1500

Q₂ = 1500/6.25

Q₂ = 240 messenger bags.

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Complete Question:

The current price of canvas messenger bags is $36 each and sales of the bags equal 400 per week. If the price elasticity of demand is -2.5 and the price changes to $44, how many messenger bags will be sold per week? Use the midpoint formula.

Answer:

Explanation:

FAvI is a small automotive parts manufacturer in Hallencourt, France. In addition to other products, it is the European leader in the production of key components for gearboxes (manual transmissions) in such cars as Renault, Peugeot, Citroen, Fiat, Opel, Audi, volvo, and volkswagen. Employing about 400 people, this société anonyme

This technology, which was first employed in missile detection systems and then in weather analysis, is currently used in sports, where it records a large number of data points from the players, clubs, bats, sticks, pucks, and balls.

Technology is the application of knowledge to the attainment of realistic objectives in a repeatable manner. The term "technology" can also refer to the end results of such endeavours, encompassing both material instruments like machinery or utensils and immaterial ones like software.

Technology is the application of knowledge to the attainment of realistic objectives in a repeatable manner. The term "technology" can also refer to the end results of such endeavours, encompassing both material instruments like machinery or utensils and immaterial ones like software.

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Answer:

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Explanation:

yes I will

Answer:

2. Sales forecasts $475,000

3. Ben needs 5 more hours

Explanation:

2.

The sales are $500,000. The trend is a 5% reduction in the current year sales figure for next year's performance.

The sales forecast for next year will be a decrease of 5% of this year sales.

next sales  will be $500,000 less 5%

Therefore, the next sales forecast will be 95% of $500,000

=95/100 x $500,000

=0.95 x $500,000

=$475,000

Forecasts will be $475,000

3.

Ben requires 20 hours of continuous training.

So far, he has done 900 minutes.

900 minutes is equivalent to 900/60 hours

=15 hours.

To complete the study, Ben requires 20 hrs -15 hours

=5 more hours

According to the circular flow model, the consumers buy finished products from firms in the product market.

Option D is the correct answer.

The flow of income through the economy of a country is described by an economic model called the circular flow model.

In the product market, the circular flow of funds is initiated from the household sector like consumers and ends in the business sector, that is, the firms, companies, or organizations. It simply means the flowing of money from consumers to firms when consumers purchase products from retailers.

Therefore, the purchase of products by consumers from firms in the product market under the circular flow model

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Answer:

$800

Explanation:

Double-declining-balance method is also known as reducing balance method.

Depreciation Expense = 2 × SLDP × BVSLDP

Where,

SLDP = 100 ÷ Number of Useful Life

         = 100 ÷ 10

         = 10 %

Year 1

Depreciation Expense = 2×10%×($5,400 - $400)

                                      = $,1000

Year 2

Depreciation Expense = 2×10%×($5,400 - $400- $,1000)

                                      = $800

The price level will rise less and real GDP will rise more as a result of the supply-side effect of the reduction in tax rates.

Expanding government spending, lowering taxes, or increasing government transfers are examples of expansionary fiscal policy instruments. Any of these actions will raise the level of prices, employment, and aggregate demand.

When the government adopts an expansive policy, lowers tax rates, and boosts spending on goods and services, the economy is likely to experience an increase in both income and spending. However, expansionary fiscal policy is debatable because it is likely to raise the level of public debt.

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Answer:

Exhibit: Production Possibilities Curves 2 Capital goods E C A P B Consum er goods Assume that a nation is operating on production possibilities curve CD. Economic growth is best illustrated by a shift from curve CD to curve AB.

Explanation:

The given statement is false. The correct statement is given below:

The communication process begins with a messenger, also known as the person who sends the message to the receiver.

Communication is important to the lifestyles and survival of human beings as well as to a business enterprise. it's miles a way of making and sharing thoughts, information, perspectives, statistics, and feelings from one vicinity, man or woman, or organization to another. communique is the crucial component of the Directing characteristic of manipulation. communique is the act of giving, receiving, and sharing statistics -- in different words, speaking or writing, and listening or studying. precise communicators pay interest carefully, communicate or write clearly, and respect awesome evaluations.

Anyone has a unique verbal exchange fashion, a manner in which they interact and change facts with others. There are four easy conversation patterns: passive, aggressive, passive-competitive, and assertive.

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There are rules to follow when making sales. If the buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the front porch, the agent should;

The response of a listing agent who approaches a potential listing only to find a Confederate flag flying from the front porch is that;

Real estate agents are known to be business people and so thy are not social engineers. But if the agent believes the flag stand for racist attitudes that will hinder or enter the transaction and result in lowering of interest in the property, it is best to stop the listing.

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Answer:

The application scope of the database is very wide, such as the student information management system, course selection system, as well as the telecommunications department payment system, statistical system, and online game account management, etc., can be said that the current software, especially the network application software, is to use the database

Answer:

A database program would probably be used to track purchases on a commercial website.

Explanation:

A database is the heart of a business information system and provides file creation, data entry, query and reporting functions.

Answer:

$27 trillion.

Explanation:

Answer: d. Bekah was still exempt from the SEC’s reporting requirements.

Explanation:

Here are the options:

a. Indeterminable with current information

b. Bekah was required to register with the SEC, but not required to report information to

c. Bekah was required to begin reporting information to the SEC.

d. Bekah was still exempt from the SEC’s reporting requirements.

The Dodd-Frank Act is a comprehensive bill which places very strict regulations on the banks and lenders in order to help protect the consumers and also help in the prevention of economic recession

Based on the scenario in the question, Bekah will still be exempt from the SEC’s reporting requirements because in the Dood-Frank Act, it was stated that advisers that are only working in the same state with their clients are exempted from reporting requirements with the Security Exchange Commission.

Explanation:

I hope it helps I did it in power point presentation

a) Credit Inventory for $517,800

b) Debit Inventory for $66,800

c) Credit Accounts Receivable (or Trade Receivables) for the same amount

(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:

Debit Accounts Receivable (or Trade Receivables) for $854,200

Credit Sales Revenue for $854,200

Debit Cost of Goods Sold for $517,800

Credit Inventory for $517,800

The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.

(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:

Debit Sales Returns and Allowances for $109,800

Credit Accounts Receivable (or Trade Receivables) for $109,800

Debit Inventory for $66,800

Credit Cost of Goods Sold for $66,800

The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.

(c) The journal entry to record the payment received by Windsor Company on March 12th would be:

Debit Cash (or Bank) for the amount received from Wildhorse Company

Credit Accounts Receivable (or Trade Receivables) for the same amount

The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.

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Answer:

C. Corporation- partnership - Sole Proprietorship

Explanation:

Corporation- partnership—Sole Proprietorship is the diagram arranges the types of business organizations from the most complicated to start to the least complicated to start. Hence, option C is correct.

Partnership is the deal between the two person or party to start the business, partnership can be legally registered or can also start without the partnership agreement.

In partnership the investment is invested by both the partners that and the profit and loss is divided into equally.

Thus, option C is correct.

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Answer:

C

Explanation:

LRAS would shift left because there would be fewer workers available to produce goods at any given price. however sras is capable of shift left and right.

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Answer:

handsome

Explanation:

beautifuljvc htibccy yfxhnnoln bddgjnnjkk vftnnbhhc basic

Answer:

no

Explanation:

the airport would be liable because the fire truck blowing a tire and hitting the pole was the direct cause. not the failure of the landing gear

Answer:

$150.000

Explanation:

consolidated goodwill be reported for 2020 is $150.000

A U.S. parent company's foreign equity accounts are translated into dollars using the historical rate or average rate based on the company's discretion. Thus, the given statement is false.

Equity accounts serve as a financial representation of a company's ownership. Equity may arise from payments made by a company's shareholders or through residual income produced by the company. Equity is kept in several sorts of accounts due to the various sources of equity capital. All equity accounts have natural credit balances, with the exception of the treasury stock account.

A firm has either been incurring losses or has issued more dividends than it has available through retained earnings if the retained earnings account has a debit balance. Corporations frequently employ the following equity accounts. Total shareholders' equity is comprised of a number of different kinds of equity accounts. Common stock, preferred stock, contributed surplus, extra paid-in capital, retained earnings, other comprehensive earnings, and treasury stock are some of the accounts that make up this group.

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Answer:

Operational

Explanation:

Operational is the answer

Answer: D, 230.77

Explanation: Market equilibrium is found when the demand curve and supply curve intersect, meaning that you can set the equations of the respective lines equal to each other in order to find Q, or quantity.

300-9Q = 200 + 4Q

Q = roughly 7.7

With equilibrium quantity found, you can now plug the value into either the equation for the demand or supply curve and come out with your equilibrium price:

300 - 9(7.7) = 200 + 4(7.7) = roughly 230.77

Answer: The Firefox address bar displays the URL web address for the page that you are visiting.

Explanation:

Answer:

The Firefox address bar displays the URL web address for the page that you are visiting.

Explanation:

Answer:

Conover, Inc.

Income Statement (unadjusted)

For the year ended December 31, 202x

Revenues:

Expenses:

Operating income                                        $3,120

Explanation:

sales revenue = $9,500 + $1,620

interest revenue = $10

salaries expense = $6,210

utilities expense = $1,800

Accrual accounting states that revenues and expenses must be recognized during the periods that they actually occur and not necessarily when a cash inflow/outflow takes place. This is why next year insurance expense is not included even though the company paid for it during this year, nor is deferred revenue included.

Answer:

Peridot should report net cash outflows from investing activities of: $46 million

Explanation:

Peridot Corporation

Statement of cash flows (extract)

                                                                       $ in millions

Purchase of machinery                                            ($36)

Proceeds from sale of land                                         70

Cash paid to acquire office equipment                    (80)

Net cash flows from investing activities              ($46)

Note that reacquired common stock belongs to financing activities section of the cash flows, while gain from sale of land and investment revenue belong to operating activities section of the cash flows

Cost of goods sold under the FIFO cost flow assumption (using a periodic inventory system) was $2,750.

Sales during the year = 500 units

Beginning inventory = 250 units at a cost of $5 per unit

Cost of goods sold in beginning inventory = 250 x $5 = $1,250

Because FIFO (First in, first out) method assumes all of the older inventory is sold first,

So, 250 units of Purchase 1 (out of total 400 units) would have been sold.

Cost of goods sold in Purchase 1 = 250 x $6 = $1,500

Total cost of goods sold under the FIFO cost flow assumption (using a periodic inventory system) = $1,250 +$1,500 = $2,750

Companies use the first in, first out (FIFO) method to calculate the cost of goods sold or COGS. The FIFO method assumes that the products which are purchased first by the company are the products which are sold first.

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