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Marizza181 [45]
3 years ago
12

John's son was not his agent but contracted to purchase a computer in John's name.When John learned of this,John sternly rebuked

his son but continued to use the computer for several weeks.After losing interest in the computer,John offered to return it,saying that the purchase was unauthorized.John:_______.
A) is not liable on the purchase.
B) expressly ratified the purchase.
C) is liable because all children have the apparent authority to contract for their parents.
D) ratified the purchase by John's conduct.
Business
1 answer:
umka21 [38]3 years ago
6 0

Answer:

D)

Explanation:

Based on the information provided within the question it can be said that in this scenario John ratified the purchase by John's conduct. This means that he basically gave formal consent of the purchase by not returning it immediately and instead using the computer for several weeks, which therefore makes the purchase valid.

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Crawford Company's standard fixed overhead cost is $6.00 per direct labor hour based on budgeted fixed costs of $600,000. The st
natka813 [3]

Answer:

The answer is "\$ \ 100,000 \ hours"

Explanation:

Budgeted fixed cost  = \$ 600,000  

labour hours = \frac{ \$ 6 }{hour}  

\text{overhead rate} = \frac{ \text{Budgeted fixed cost}}{labour\ hours}

                     = \frac{\$ \ 600, 000}{\$ \ 6}\\\\= \$ \ 100,000 \ hours

4 0
3 years ago
What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?
icang [17]

Answer:

a. Demand will increase.

b. Demand will increase.

c. Demand will increase.  

d. Demand will decline.

e. Demand will increase.

Explanation:

a. If small automobiles become more fashionable, people will prefer them more. This will lead to an increase in demand for autos.  

b. If there is an increase in the price of large automobiles and the price of the small automobiles remain the same, people will prefer the cheaper substitutes. This will cause the demand for small automobiles to increase.  

c. Inferior goods have a negative income effect. SO, when income declines the demand for small autos will increase and vice versa.  

d. If consumers expect the price of small autos to fall in the near future, they will hold their money to buy autos when their price fall. This will cause the current demand to fall.  

e. When the price of gasoline drops it will become cheaper to use autos. This will lead to an increase in demand for autos.

8 0
3 years ago
Read 2 more answers
You plan to visit Geneva, Switzerland in three months to attend an international business conference. You expect to incur the to
Serggg [28]

Answer:

A. 3403.75 dollars

B. 3150

C. 0.579

D. Is an attachment

Explanation:

A. We first find the premium cost

= 0.05x5000 x 1+0.06/4

= 250x1.015

= 253.75

From here we find expected dollar cost

= Exchange rate x units + premium

= 0.63x5000+253.75

= 3,403.75 dollars

B. Forward rate = 0.63

Total cost of dollar

= 0.63x5000

= 3150

C. The investor would be indifferent at 0.579

Forward rate = unit * future + premium

3150 = 5000 * future + 253.75

3150-253.75 = 5000*future

We solve and divide through by 5000

Future = 0.579

D is in the attachment

4 0
3 years ago
Mint-Microprocessors Corp. learned that its biggest competitor dropped prices dramatically in the European market. In response,
vfiekz [6]

Complete Question:

Mint-Microprocessors Corp. learned that its biggest competitor dropped prices dramatically in the European market. In response, Mint-Microprocessors decided to do the same in Asia. This resulted in the competitor minimizing its aggressive stance and returning to earlier price points. This is an example of ________ pricing.

Group of answer choices

A. prescriptive

B. dumping

C. multipoint

D. predatory

E. leader

Answer:

C. Multipoint.

Explanation:

In this scenario, Mint-Microprocessors Corp. learned that its biggest competitor dropped prices dramatically in the European market. In response, Mint-Microprocessors decided to do the same in Asia. This resulted in the competitor minimizing its aggressive stance and returning to earlier price points. This is an example of multipoint pricing.

A Multipoint pricing refers to the situation, where two or more firms compete and a firm's pricing strategy in one market (international trade) basically has an impact on the rival firm's pricing strategy in another market (international trade).

7 0
4 years ago
Acme Company’s production budget for August is 17,700 units and includes the following component unit costs: direct materials, $
tensa zangetsu [6.8K]

Answer:

a. $1,700 U

b. $3,260 F

Explanation:

a. Fixed over head budget variance = Actual fixed overhead - Budgeted fixed overhead

Actual fixed overhead = $35,700

Budgeted fixed overhead = $34,000

Fixed overhead budget variance = $35,700 - $34,000

= $1,700 U

b. Fixed overhead volume variance = Budgeted fixed overhead - Standard fixed overhead

Standard fixed overhead application rate = $2 per machine hr × 1hr

= $2

Budgeted fixed overhead = $34,000

Standard fixed overhead = Standard hours for actual output × Budgeted rate

= (18,630 units × 1hr) × $2

= $37,260

Fixed overhead volume variance

= $34,000 - $37,260

= 3,260 F

4 0
3 years ago
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