1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Artist 52 [7]
3 years ago
14

Barnes agrees with Morgan to enter into the management of a new subdivision of residential housing. Morgan appoints Barnes as hi

s manager for the duration of the development program. During the course of the construction, Barnes decides to use funds specified for the subdivision for an office space project that Barnes alone has been interested in completing. Morgan is very angry on learning of Barnes' actions and terminates the agency. Barnes insists that the agency cannot be terminated in this manner. Is Barnes correct?
Business
2 answers:
Ratling [72]3 years ago
6 0

Answer:

Barnes is correct

Explanation:

The agency can be terminated by mutual agreement prior to giving the other party notice, since the office is part of the project means that diverting funds to a complete a part of a project before it's scheduled time does not warrant termination of agency except stated in the legal binding contract.

Georgia [21]3 years ago
4 0

Answer:

No

Explanation:

Morgan appointed Barnes to manage a new subdivision. Barnes has been permitted to transact all affairs in connection with the subdivision. Therefore, Barnes is a general agent. In some situations, either party to an agency relationship has the authority to end that relationship at any time. So, Morgan has the power to terminate the agency

You might be interested in
Why is it important to manage your income? HELPPPPPP ASAPPPPPPP!!!!!
Free_Kalibri [48]
Knowing your income will help you create a budget that allows to pay for living expenses
5 0
3 years ago
How could the federal reserve encourage banks to lend out more of their reserves?
natta225 [31]
Had to look for the options and here is my answer.
How the Federal Reserve could persuade banks to lend out more of their reserves is by REDUCING THE DISCOUNT RATE. The Federal Reserve is known to be the central bank of the United States which regulates the financial activities of the nation and how this affects their economy. Hope this helps.
5 0
3 years ago
How will the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wh
ExtremeBDS [4]

How will the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wholesale company?

A general ledger account is used to record transactions that a company has. A trial balance has all of the general ledger accounts listed shows all of the debits and credits that a company has faced. A retail store will have smaller product transactions over a wholesale store due to the wholesale store selling in bulk. There will likely be more credits and debits for a retail store whereas a wholesale store may have more debits as they are less likely to have returns.

How will they differ for a hospital or a government unit?

A hospital or government unit will have vastly different general ledger reports due to the type of agency they are. These transactions will deal more with insurance or big dollar companies rather than individuals on a smaller scale. A trial balance is not a financial statement but it used to show balances that an organization has.

7 0
3 years ago
Credit Card #1
o-na [289]

Based on the information given, it can be deduced that the annual percentage rate (APR) is 24%.

The annual percentage rate simply means the yearly interest that's generated by a sum that's charged to a borrower. In this case, the APR is 24% after 6 months.

Also, the credit cards that have an annual fee will be credit card 2 and 3. It can also be deduced that the grace period is the same for the three credit cards while credit 3 has a membership.

If one pays the credit card bill on time and the balance each month, the best credit card is credit card 1. Lastly, when one has a balance from time to time credit card 1 is still the best.

Learn more about APR on:

brainly.com/question/2772156

8 0
2 years ago
Development lp is a limited partnership that invests in residential real estate projects. Its limited partners include more than
FrozenT [24]

Ethan loses his limited liability if he participates in the firm’s management.

<h3>Who is a Limited Partner?</h3>

A limited partner can be described as a part-owner of a limited partnership business who does not involve in the management of the partnership business.

The liability for the company's debts of a limited partner is limited to the amount invested in the business.

Limited partners are frequently referred to as "silent partners."

A limited partner is different from a general partner.

A general partner refers to a partner that is in charge of the day-to-day operations of the company, takes investment decisions on behalf of the company, and has unlimited liability for the company's debts and liabilities.

Therefore, Ethan will lose his limited liability if he participates in the firm’s management as he has become a general partner.

Learn more about limited partnership here: brainly.com/question/9244934.

8 0
2 years ago
Other questions:
  • Help!!!!!
    15·1 answer
  • Which of the following is a good marketing tactic for reaching out to cold prospects?
    7·2 answers
  • What is the best definition of elasticity in economics? Elasticity of supply measures how the amount of a good changes when the
    8·1 answer
  • Some companies may restrict what types of perfume or cologne may be worn in their workplace.
    9·2 answers
  • Tanner takes out a loan today and repays the loan with eight level annual payments, with the first payment one year from today.
    13·1 answer
  • Write a persuasive essay on "Why We Should Start a Family Business?"
    10·1 answer
  • A bank currently has $150 million in "hot money" deposits against which it wants to hold an 80 percent reserve and $90 million i
    10·1 answer
  • Marketing strategy of strepsils company
    11·1 answer
  • The adjustment for overapplied overhead ______ net income.
    8·1 answer
  • the creation of new products and production methods that completely destroys the market positions of firms that are wedded to ex
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!