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Delicious77 [7]
3 years ago
13

Deepwater Dredging Company holds itself out to others as being a corporation but makes no attempt to incorporate. Estuary Marina

signs a contract with Deepwater that is not performed. Estuary Marina files a suit against the firm. The court will likely hold that Deepwater is:
Business
1 answer:
evablogger [386]3 years ago
3 0

Answer:

a corporation by estoppel or de facto corporation.

Explanation:

A corporation by estoppel is when a person has dealings with a company like it is a corporation. Doing business with an estoppel coporation means that one has admitted that company as a coporation.

From, the question above, it can be seen thta Estuary marina dealt with deepwater dredging company as a corporation and that means that Estuary marina has admitted to Deepwater dredging as a corporation.

As a result of Deepwater dredging company's failure to perform tthe contract, the court can only hold that Deepwater Dredging is a corporation by estoppel or de facto coporation.

Cheers.

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You wish to buy a cabin in 15 years. TODAY, the cabin costs $150,000. You believe the price of the cabin will inflate at 4% annu
vfiekz [6]

Answer:

I will need to invest 64,669.73 dollars now.

Explanation:

We will calcualte the future value of the cabin considering the inflation:

Principal \: (1+ inflation )^{time} = Amount

Principal 150,000.00

time  15 years

inflation 0.04000

150000 \: (1+ 0.04)^{15} = Amount

Amount 270,141.53

Then we calculate the present value of the lump sum at 15 years discounted at 10% which is the yield of the funds

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  270,141.53

time   15 years

rate  0.10

\frac{270141.53}{(1 + 0.1)^{15} } = PV  

PV   64,669.73

we would need to deposit 64,669.73 today to get enough cash to purchase the bcabin in 15 years.

5 0
3 years ago
Blake Company has $15,000 cash at the beginning of June and anticipates $50,000 in cash receipts and $34, 500 in cash disburseme
rodikova [14]

Answer:

balance of the loan  = $4500

correct option is d. $4, 500

Explanation:

given data

cash at the beginning = $15,000

cash receipts = $50,000

cash disbursements = $34, 500

minimum cash balance = $10,000

maintains = $20,000

company owes = $15,000

to find out

balance of the loan

solution

we get here first excess that is

excess = $15,000 + $50,000 - $34, 500

excess = $30500

so used to loan replay will be here as

used to loan replay  = $30500 - $20,000

used to loan replay  = $10500

so balance of loan will be here

balance of the loan  = $15,000 - $10500

balance of the loan  = $4500

correct option is d. $4, 500

6 0
3 years ago
Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity.
Lady_Fox [76]

Net change in assets =  15,000+ 75,000

= $90,000

<h3>1-Receive payment of $12,000 owed by a customer</h3>
  • No effect on asset
  • No effect on liability
  • No effect on equity
<h3>2-Buy $15,000 worth of manufacturing supplies on credit</h3>
  • Assets increase by $15,000
  • Liabilities increase by $15,000
  • No effect on equity
<h3>3-. Purchase equipment for $44,000 in cash</h3>
  • No effect on asset
  • No effect on liability
  • No effect on equity
<h3>4-Issue $75,000 in stock</h3>
  • Assets increase by $75,000
  • No effect on liability
  • Equity increases by $75,000

To learn more about assets visit the link-

brainly.com/question/13848560

#SPJ4

5 0
2 years ago
You got ______ utility from eating the 1st pie than eating the 3rd pie.
Oksana_A [137]
You got a utility..........
6 0
3 years ago
Read 2 more answers
What is the difference between a sole proprietorship and an LLC?
kotegsom [21]

Sole proprietorship is owned by one person. Why LLC is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation

7 0
3 years ago
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