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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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Which of the following is true about finding the present value of cash flows? Finding the present value of cash flows tells you
antiseptic1488 [7]

Answer: The statement 2, "Finding the present value of cash flows tells you how much you need to invest today so that it grows to a given future amount at a specified rate of return." Is <u>TRUE.</u>

Explanation: "Finding the <u>FUTURE VALUE </u>of cash flows tells you what a cash flow will be worth in future years at a specified rate of return." is the definition for FUTURE VALUE.

6 0
3 years ago
Beverly works at a specialty kitchen store. The manufacturer of a brand of gourmet mustard that is sold through her store pays h
Leto [7]

Answer: A spiff

Explanation:

Spiff is actually a form of slang to refer to someone who receives an incentive for selling an item to customers on behalf of a vendor. This motivates the seller to push the vendor's items (sell them) onto its (seller's) customers. The incentive usually comes in the form of a bonus and is paid out immediately.

In this question the gourmet mustard manufacturer is the vendor, and Beverly is the seller. Beverly receives $1 for every jar of mustard she sells, which is the bonus. This motivates her to keep selling these jars on behalf of the manufacturer (vendor). This payment is immediate, as she receives it everytime she sells a jar of mustard.

5 0
3 years ago
Fox Co. had 120,000 shares of common stock outstanding at January 1. On July 31, it issued 60,000 additional shares of common st
balu736 [363]

Answer:

180 000 common stock shares outstanding

Explanation:

preference shares are not used in calculating earning per share. Earning per share is the part of the firm's profit that is attributed to common stock shares. It is an indicator of financial strength of a company. It also shows the intrinsic value of the company's shares. This can be used to determine if a share is overvalued or under valued in the equity market.

The company  has 120, 000 common stock shares and issued additional 20,000 common stock shares totaling 180,000 common stock shares.

8 0
3 years ago
Refer to the information in Homework 2 Question 2: Ross derives utility from only two goods, chocolates (x) and donuts (y). His
Margaret [11]

Answer:

The total effect is 35 out of which income effect is 15 and substitution effect is 20.

Explanation:

Ross has an income of $1440.

The price of chocolates (Px) is $10 and donuts (Py) is $9.

The utility function is given as

U = 0.5xy

Before price rise, Budget line:

1440 = 10x + 9y,

Consumption is optimal when

\frac{MUx }{ MUy} = \frac{Px}{Py} = \frac{10}{9} = 1.11

0.5y / 0.5x= 1.11

y = 1.11x

Substituting in budget line,

1440 = 10x + 9y = 10x + 9(1.11x)

1440 = 10x + 9.99x

19.99x = 1440

x = 72

y = 1.11x = 79.92 = 80

After price rise,

Py = 16.

New budget line:

1440 = 10x + 16y,

Price ratio

\frac{Px}{Py } =  /

=\frac{10}{16}

= 0.625

And,

\frac{MUx}{Muy} = \frac{0.5y}{0.5x} = 0.625

\frac{y}{x}  = 0.625

y = 0.625x

Substituting in new budget line: 1440 = 10x + 16y

1440 = 10x + 16(0.625)x

1440 = 20x

X = 72

Y = 0.625x = 45

So, total effect (TE)

= Decrease in consumption of y

= 80 - 45

= 35

With previous (x, y) bundle,

U = 0.5xy

U = 0.5 x 72 x 80

U = 2880

Keeping utility level the same & substituting,

y = 0.625x in utility function:

28800 = 0.5xy

2880 = 0.5\ \times\ 0.625x

2880 = 0.3125x^{2}

x^{2}  = \frac{2880}{0.3125}

x^{2} = 9216

x = \sqrt{9216}

x = 96

Now, putting the value of x,

y = 0.625\ \times\ x

y = 0.625\ \times\ 96

y = 60

Substitution effect (SE)

= 80 - 60

= 20

Income effect

= TE - SE

= 35 - 20

= 15

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san4es73 [151]

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Corresponds to an agreement between two or more companies, where there is an independent partnership for sharing organizational resources, such as technology, market and knowledge.

Therefore, through the partnership with Lyft, GM is already entering an innovative and expanding market, developing its positioning strategy for the future.

Find out more about strategic alliance here:

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6 0
1 year ago
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