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Ket [755]
3 years ago
11

A parents' group in a small town formed an unincorporated association to run a little league soccer team. Alex was elected presi

dent of the association and was authorized to order some equipment and custom uniforms for the team from City Sports, their local sporting goods store at a cost of $1,000. When the uniforms arrived, the store owner called Alex and asked him to come pick up and pay for the uniforms. Alex told the owner that the group had so many problems coordinating a schedule that the association no longer existed and they didn't need the uniforms. The owner could not sell the custom uniforms to anyone else so City Sports sued Alex for the contract price.Which of the following is true?
Business
1 answer:
Keith_Richards [23]3 years ago
6 0

Answer:

The only person liable for the goods purchased is Alex because he was the person that made the purchases.

Explanation:

Alex is to be held liable because he was authorized to make the purchase. A single member of an unincorporated association is liable for the debts of the organization if they are given authorization to execute a specific act which is seen in this case here.

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If Congress ends an investment tax credit that used to subsidize domestic investment, how would this affect the market for loana
marin [14]

Answer: Demand will fall, Interest rates will fall

Explanation:

The investment tax credit would have encouraged more companies to seek loanable funds in order to embark on investment opportunities because they would be taxed less. This increase in demand in the market for loanable funds would have led to rates rising to keep up with demand.

If Congress were to end this credit, the incentive to invest and avoid tax would be gone. Companies would therefore demand less loanable funds and with this drop in demand there will be a drop in interest rates as well to entice people to borrow at the lower rates.

3 0
3 years ago
With the standard burger without a bun, the bottom bun items go on the _____ and the top bun items go on the ______
Olegator [25]

With the standard burger without a bun, the bottom bun items go on the right and the top bun items go on the left.

Place the baking sheet in the oven or toaster and close the door. Keep an eye on the buns and remove them after 30 seconds or when they begin to brown.

French fries should be cooked for about two and a half to three minutes. Shake the frying basket well before dipping it into the oil. Shake regularly to prevent sticking.

Burger "all the way" order includes lettuce, pickles, tomatoes, grilled onions, grilled mushrooms, ketchup, mustard, and mayonnaise.

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6 0
1 year ago
Loss leaders are poorly managed retail companies of outlets. true or false.
Amanda [17]
False. Loss leaders are products that are sold at or below cost in order to lure you into the store.
6 0
3 years ago
Read 2 more answers
MG Lighting had sales of 500 units at $100 per unit last year. The marketing manager projects a 15 percent decrease in unit volu
kakasveta [241]

Answer:

The answer is: Projected net sales for this year are $45,254

Explanation:

The current total sales for MG Lighting are $50,000 (= 500 units x $100 per unit).

Next year their products will have a $10 increase (10%), so the unit price will be $110.

Due to the price increase, the number of units sold will decrease by 15%, to a total of 425 units.

MG Lighting total sales will be $46,750. Approximately 3.2% of the total sales will be returned (equivalent to $1,496).

MG Lighting net sales for this year should be $45,254 (= 46,750 - $1,496)

6 0
4 years ago
Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His
Alinara [238K]

Answer: $132,000

Explanation:

Oscar's new basis on the building will be the basis of the old building plus any additional investment he added.

This is the because there is no gain on the $140,000 he received because it was an Involuntary Conversion amount and he reinvested it into another building within a period of 2 years.

As there is no gain, the building will retain it's original basis but will add any amount outside the involuntary replacement cost of the building.

The Additional basis will be,

= Cost of building - Insurance

= 142,000 - 140,000

= $2,000

The Basis for the new building is,

= 130,000 + 2,000

= $132,000

3 0
3 years ago
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