Answer:
The firm's accounts receivable period is 23.25 days
Explanation:
Accounts receivable period = 365 / Account receivable turnover ratio
When Account receivable turnover ratio = Net sales / Account receivables
Account receivable turnover ratio = 118,280 * 365 days/ 2,750,000
Account receivable turnover ratio = 15.698
Hence, Account receivable period = 365 / 15.698
Account receivable period = 23.25 days
Answer:
The answer is: C) lose because he will not be able to prove reliance on the misrepresentation.
Explanation:
In order for Larson to be able to rescind the contract, he would have to prove that he had reasonable reliance that Robert Redford owned that specific car. Reasonable reliance refers to a person believing something to be a fact, which any other person could reasonably believe in as well.
But exactly how could he prove that someone else might also believe that the car was previously owned by Robert Redford? I find it very doubtful that he can prove that.
Answer: Sequential Interdependence.
Explanation:
Sequential Interdependence in a
organization is the dependence of a department on another department in that organization for resources or machines that they have just concluded using. Sequential Interdependence also explains the reliance of a department on the information that directly emanates from another department.
Answer: Limited partner.
Explanation:
A limited partner is part of the ownership of a partnership business, whose liability in the business, can't go beyond his capital invested into the business.
The partner who bears much of the liability of a partnership business is the general partner, which is the more active business owner.
