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Sergio039 [100]
3 years ago
7

Serges is the owner of a retail meat marketing business. Without authority his managing agent borrowed $3,500 from David, on Ser

ges's behalf, for use in Serges's business. Serges paid $200 on the alleged loan and on several other occasions told David that the full balance owed would eventually be paid. He then disclaimed liability on the debt, asserting that he had not authorized his agent to enter into the loan agreement. Should David succeed in an action to collect on the loan?
Business
1 answer:
cupoosta [38]3 years ago
3 0

Answer:

slattxiana

Explanation:

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mina [271]
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In a perfectly competitive​ market, all of the following statements are true​ except: A. Marginal revenue is the same as price.
Rashid [163]

Answer: Marginal revenue is equal to price times quantity

Explanation:

A perfectly competitive market is a market where there's a large number of both the producers and the consumers have full and symmetric information.

In a perfectly competitive​ market, the marginal revenue is the same as price and the marginal revenue curve is the same as the demand curve facing sellers.

It should be noted that the statement that the marginal revenue is equal to price times quantity is incorrect. The total revenue is equal to price times quantity.

6 0
3 years ago
Consider the following financial statement for Heir Jordan Corporation. HEIR JORDAN CORPORATION Income Statement Sales $ 48,500
sp2606 [1]

Answer:

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................<u>41,400</u>

Taxable income $ 14,000...............<u>16,800</u>

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................<u>10,920</u>

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Explanation:

Consider the following financial statement for Heir Jordan Corporation.

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................<u>41,400</u>

Taxable income $ 14,000...............<u>16,800</u>

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................<u>10,920</u>

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Pay out ratio is 31.87% of Net income which is derived by Dividends/Net Income

4 0
3 years ago
Glace has a ______ consistency. A. creamy B. jelly-like C. watery D. thick
kari74 [83]
Glace has a glossy surface, and when frozen, appears like hard gelatin. I would have to say it is D. Thick.

Hope that helps!
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Answer:

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Explanation:

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2 years ago
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