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
Elden [556K]
3 years ago
6

Bo Borg is the vice president of purchasing for Crater Corp. He has authority to enter into purchase contracts on behalf of Crat

er, provided that the price under a contract does not exceed $2 million. Dent, who is the president of Crater, is required to approve any contract that exceeds $2 million. Borg entered into a $2.5 million purchase contract with Shady Corp. without Dent’s approval. Shady was unaware that Borg exceeded his authority. Neither party substantially changed its position in reliance on the contract. What is the most likely result of this transaction?
Business
1 answer:
g100num [7]3 years ago
7 0

Answer: Crater will be bound because of Borg's apparent authority.

Explanation:

Crater Corp. will be bound to the contract since Bo Borg has the apparent authority as the acting Vice President of purchasing. Even though he went over the agreed amount that was over 2 million in the contract. Since the Shady company was unaware that he had exceeded his authority the contract will stay in place. If Shady company had of known that he did not have the final say and needed approval the result of the transaction would of been different.

You might be interested in
Suppose Turkey has exports of 2 billion Turkish​ Lira, while its imports are 2 billion Turkish Lira. Calculate​ Turkey's "Index
Damm [24]

Answer:

40%

Explanation:

The index of openness measures how much a country is exposed to international trade. It is calculated by this formula:

Index of Openness= (Exports(X)+Imports (M))/GDP

Index of Openness= (2 billion+2 billion )/10 billion

Index of Openness= 0,4*100=40%

5 0
4 years ago
The income tax saved by using lifo instead of fifo is equal to the​ ________ times the income tax rate.
marshall27 [118]
C. cost of the ending inventory
3 0
3 years ago
What are some characteristics of an informal group?
Nana76 [90]

Answer:

Hajj and Umrah packages which are not

5 0
3 years ago
Your grandmother has been putting $1,000 into a savings account on every birthday since your first (that is, when you turned one
lukranit [14]

Answer:

The amount in the account on the  18th birthday = $ 25,645.41

Explanation:

<em>The investment can be described as an ordinary annuity. An ordinary annuity is a series of equal periodic cash flows that  occur for a certain number of years</em>

<em>The amount the invest will accrue principal plus interest is known as the f</em><u><em>uture value</em></u><em> of the annuity</em>

It is determined as follows:

<em>FV = A ×  ( (1+r)^n -1  ) / r</em>

FV - ?,  A = 1000.  r - 4%- 0.04, n - 18

FV = 1,000× ( ( (1.04)^(18) - 1 )/ 0.04

    = 1,000 ×  25.64541288

    = $ 25,645.41

The amount in the account on the  18th birthday = $ 25,645.41

5 0
3 years ago
Ted's company has recently reorganized. He has been reassigned into a new role for which he feels unprepared, and he is not sure
Paul [167]

Answer:

These are the options for the question:

  • Peer pressure
  • Personality conflict
  • Climate of mistrust
  • Fear of failure

And this is the correct answer:

  • Fear of failure

Explanation:

Ted is afraid of failing at his new role, he is suffering from fear of failure. This is because Ted was accustomed to completing a set of tasks specific to his previous position in the company.

Now that the company has reorganized, he has been given a new position, and new tasks to complete, and he does not feel at ease at first, likely because he lacks first-hand experience with some of the tasks.

4 0
3 years ago
Other questions:
  • Managers establish a shared vision in order to motivate and inspire a group movement toward that vision. select one:
    15·1 answer
  • Heap Corporation is considering an investment in a project that will have a two year life. The project will provide a 10% intern
    7·1 answer
  • What are the elements of the circular relationship in managing a sales call?
    10·1 answer
  • A subtle form of racial discrimination in housing is​ "racial steering." racial steering occurs when real estate agents show pro
    14·1 answer
  • Explain whether each of these expenses of a textile mill is a fixed cost or a variable cost, and why. (a) repairs to a leaking r
    5·2 answers
  • What is implied when the total cost of producing Q1 and Q2 together is less than the total cost of producing Q1 and Q2 separatel
    6·1 answer
  • Which of the following is a good condition for bottom-up estimating? A. When the project involves strategic decision making B. W
    13·2 answers
  • A manufacturer reports the following costs to produce 10,000 units in its first year of operations:
    9·1 answer
  • If the owner contributes $19,400 and net income is $15,900, how much did the owner withdraw (owner, withdrawals)
    9·1 answer
  • Why do companies have to study their environtment first before venturing into new businesses ?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!