Mary buys a new toaster for $500. the toaster's label bears a disclaimer stating that the manufacturer is not liable for consequential damages. one morning while mary is using the toaster, it emits sparks and damages the electrical wiring in the kitchen. the electrician tells mary that the toaster malfunctioned and that the cost of repairs in her kitchen would amount to $2,000. what amount of monetary damages can mary likely recover from the manufacturer of the toaster

Benning manufacturing company is negotiating with a customer for the lease of a large machine manufactured by benning. the machine has a cash price of $980,000. benning wants to be reimbursed for financing the machine at a 9% annual interest rate. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. determine the required lease payment if the lease agreement calls for 10 equal annual payments beginning immediately. 2. determine the required lease payment if the first of 10 annual payments will be made one year from the date of the agreement. 3. determine the required lease payment if the first of 10 annual payments will be made immediately and benning will be able to sell the machine to another customer for $68,000 at the end of the 10-year lease.