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
sesenic [268]
4 years ago
9

Patricia hires Albert to sell Patricia's expensive sports car. Albert agrees on a sale with Zeke, who wants to purchase the car

for its powerful engine and well-kept condition. Albert does not disclose Patricia's identity to Zeke. Albert also does not disclose the fact that Albert is an agent for someone else. Zeke tenders the purchase price to Albert, but Patricia refuses to deliver the car as agreed. In this situation: a. Patricia is bound to perform. b. Patricia is not bound to perform because the agency relationship was not disclosed. c. Patricia is not bound to perform because Patricia's identity was not disclosed.
Business
2 answers:
OLEGan [10]4 years ago
5 0

Patricia is not bound to perform because the agency relationship was not disclosed.  Due to the details not being disclosed about Patricia's identity, shes not bound to perform her full duties. When working on a business deal it is necessary to provide any and all details about who you are to the other person in the transaction.

quester [9]4 years ago
4 0
The correct option is this: PATRICIA IS NOT BOUND TO PERFORM BECAUSE PATRICIA'S IDENTITY WAS NOT DISCLOSED.
During the course of selling the car to Zeke, Albert did not disclose that he is not the owner of the car neither did he mention Patricia name, which means that, Patricia is not a party to the contract. Therefore, because Patricia is not a party to the contract she is not bound to perform at all.<span />
You might be interested in
An increase in the price of a good causes a decline in demand for A. inferior goods. B. its substitutes. C. normal goods. D. its
ivolga24 [154]

Answer:

D. its complements.

Explanation:

A complement is a good or service used in conjuncture with another good. Therefore, if there is a decrease in the demand for a particular good, its complements will also see a decrease in demand. By the general supply and demand rule, an increase in the price of a good causes a decline in its demand and, therefore, causes a decline in demand for its complements.

6 0
3 years ago
Question 4
SashulF [63]

1. The calculated capital budgeting techniques yielded the following results:

A. Accounting Rate of Return (AROR) is <u>28%</u>.

B. Payback Period Technique (PBP) is <u>5 years</u>.

C. Net Present Value Technique (NPV) is <u>RM33,588</u>.

D. Profitability Index (PI) is <u>1.056</u>.

2. The project should be accepted based on the positive results above.

3. The importance of capital budgeting techniques lies in the fact that they aid capital decision-making by measuring their probable outcomes.

<h3>What are capital budgeting techniques?</h3>

Capital budgeting techniques are capital investment evaluation tools.

Some of the capital budget tools include the Payback Period, Discounted Payment Period, Net Present Value, Profitability Index, Internal Rate of Return, and Modified Internal Rate of Return.

These capital budgeting techniques help management to evaluate capital projects and to choose investment strategies.

<h3>Data and Calculations:</h3>

Investment cost = RM600,000

Cost of capital = 12%

            Net Cash Flows      PV Factor     Present Value

Year 0     RM600,000               1              (RM600,000)

Year 1       RM100,000           0.893                  89,300

Year 2            110,000            0.797                  87,670

Year 3            121,000            0.712                   86,152

Year 4            133,100            0.636                 84,652

Year 5            146,410            0.567                  83,014

Year 6    RM400,000            0.507              202,800

Present value of cash flows =                 RM633,588

Net Present Value                                      RM33,588

Total Net Cash Flows = RM1,010,510

Average Net Cash flows = RM168,418 (RM1,010,510/6)

Accounting Rate of Return = Average Income/Initial Cost

= 28% (RM168,418/RM600,000 x 100)

Payback period = 5 years

NPV = Initial Investment - PV of net cash flows

= RM33,588

Profitability Index = Present value of cash flows/Initial Cost

= 1.056 (RM633,588/RM600,000)

Learn more about capital budgeting techniques at brainly.com/question/17159659

#SPJ1

8 0
2 years ago
The first three activities of the human resource management (hrm) process are about ________
victus00 [196]
The first three activities of the human resource management human resource management process ensure that competent employees are identified and selected. The final three activities of the human resource management process ensure that the organization retains competent and high-performing employees. In addition, in organizations, affirmative action programs ensure that protected classes are retained and their opportunities are maintained.
6 0
3 years ago
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job orde
FromTheMoon [43]

Answer:

Lock-Tite Company

1. Cost of direct materials used = $186,000

2. Cost of direct labor used = $265,000

3. Cost of goods manufactured = $ 625,400

4. Cost of goods sold = $652,800

4. Gross profit = $747,200

5. Underapplied overhead = $29,500

Explanation:

a) Data and Calculations:

                             

Inventories           April 30    May 31

Raw materials    $43,000    $52,000

Work in process   10,200        21,300

Finished goods   63,000       35,600

Raw materials

Account Titles               Debit           Credit

Beginning balance    $43,000

Cash                           210,000

Factory overhead                            $15,000

Goods in Process                            186,000

Ending balance                              $52,000

Goods in process

Account Titles               Debit           Credit

Beginning balance     10,200

Raw materials          186,000

Factory payroll        265,000

Factory overhead    185,500

Finished Goods Inventory             625,400

Ending balance                                 21,300

Factory Payroll

Account Titles               Debit           Credit

Cash                      $345,000

Factory Overhead                           $80,000

Goods in Process                            265,000

Finished goods

Account Titles               Debit           Credit

Beginning balance     63,000

Goods in Process    625,400

Cost of goods sold                     652,800

Ending balance                             35,600

Factory Overhead

Account Titles               Debit           Credit

Raw materials          $15,000

Factory payroll          80,000

Cash                        120,000

Goods in Process                            $185,500

Balance                                               29,500

Income Statement (Partial)

Sales                           $1,400,000

Cost of goods sold         652,800

Gross profit                   $747,200

4 0
3 years ago
When you were 10 years old, your grandparents put $500 into an account for you paying 7 percent interest. now that you are 18 ye
scZoUnD [109]

Formula for CI = p (1+r/100)t

Substituting the given values, we get

Cl = 500 ( 1 + 7 / 100) 8

<span>Cl = 859 .09</span>

<span>The answer is 859.09</span>

8 0
3 years ago
Other questions:
  • Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had a credit balance
    6·1 answer
  • One way to avoid _______ is to choose a large enough sample size.
    5·1 answer
  • The deep-rooted and pervasive beliefs and stereotypes held by chinese car buyers toward different brands illustrate the importan
    8·1 answer
  • If you are a producer and need to determine Q*, what rule do you use to determine Q*? (Q* = equilibrium quantity)
    12·1 answer
  • Isaac Inc. began operations in January 2018. For certain of its property sales, Isaac recognizes income in the period of sale fo
    6·1 answer
  • Susan participates in a Section 403(b) plan at work that includes loan provisions. Susan has recently enrolled in college and ha
    5·1 answer
  • Your friend Scotty informs you that in 2019 he received a tax-free reimbursement of some medical expenses he paid in 2018. Which
    10·1 answer
  • g On January 1, 2020, Marigold Company issued 10-year, $1,890,000 face value, 6% bonds, at par. Each $1,000 bond is convertible
    5·1 answer
  • The Mill Flow Company has two divisions. The Cutting Division prepares timber at its sawmills. The Assembly Division prepares th
    12·1 answer
  • Suppose a bank has checkable deposits of $100,000 and the required reserve ratio is 20 percent. If the bank currently has $100,0
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!