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sesenic [268]
2 years ago
7

When a principal is partially disclosed Group of answer choices the agent and principal will be jointly and severally liable on

the contract. the agent and principal will be only jointly liable on the contract. only the principal can be liable. only the agent is liable.
Business
1 answer:
vlabodo [156]2 years ago
8 0

The correct answer is the agent and principal will be jointly and severally liable on the contract.

In general, an agent is not accountable for contracts made; the principal is. However, the agent will be held culpable if he is not or only partially revealed, if the agent lacks or exceeds authorization, or if the agent entered into the transaction in a personal role.

When an agent works on behalf of the principle in interactions with a third party, a contractual relationship is formed between the main and the third party, and the agent is not personally accountable.

Therefore, the correct option is the agent and principal will be jointly and severally liable on the contract.

To know more about principal agent liability click here:

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SEU Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.88 every year in perpetuity. If the req
ZanzabumX [31]

Answer:

Current stock price = $1.040

Explanation:

We know,

Current preferred stock price = Preferred dividend ÷ Expected rate of return

Given,

Expected rate of return = 4.69%

Preferred dividend = $4.88

Current preferred stock price = ?

Putting the values into the formula, we can get

Current preferred stock price = $4.88 ÷ 4.69%

Or,Current preferred stock price = $1.040.

Therefore,  the current preferred stock price is $1.040.

5 0
3 years ago
_____________segmentation differentiates among heavy users, medium users, light users, and nonusers of a specific product, servi
tatiyna

Usage rate segmentation differentiates among heavy users, medium users, light users, and nonusers of a specific product, service, or brand.

A rate is a special ratio in which the two terms are in different units. For example, if a 12 oz can of corn costs 69 cents, the price is 69 cents for 12 oz. This is not a ratio of two equal units, such as B. Shirt. It is the ratio of two unequal units: cents and ounces.

A rate is a ratio that compares quantities in different units. Fees are common in everyday life. Grocery and department store prices are approximate. Tariffs are also used to pay for gasoline, tickets to movies and sporting events, and hourly and monthly fees.

Learn more about rate here

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7 0
1 year ago
Nolan Dry Cleaners has determined the following about its​ costs: Total variable expenses are $40,000​, total fixed expenses are
blondinia [14]

Answer:

Operating income= 40,000

Explanation:

Giving the following information:

Total variable expenses are $40,000​, total fixed expenses are $30,000, and the sales revenue needed to break even is $40,000.

Sales= operating income + fixed costs + variable costs

Sales= 40,000 + 30,000 + 40,000= 110,000

Operating income:

Sales= 110,000

Variable costs= 40,000

Gross profit= 70,000

Fixed costs= 30,000

Operating income= 40,000

3 0
3 years ago
The cost of a completed job in a job-order costing system typically consists of the actual direct materials cost of the job, the
kondaur [170]

Answer:

True

Explanation:

For computing the cost of the completed jobs in a  job-order costing system we have to consider the actual direct materials cost,  actual direct labor cost, and the manufacturing overhead cost applied.

In mathematically,  

The total cost of completed job = Direct Material cost + Direct labor cost + manufacturing overhead cost

Therefore, the given statement is true

3 0
3 years ago
“To persuade my audience that drinking and driving laws should be stricter” aims for:
ArbitrLikvidat [17]
The correct answer is B
7 0
2 years ago
Read 2 more answers
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