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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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The practice of making false statements about a property in order to lower its value and increase the buyer’s profit is called:
ArbitrLikvidat [17]

Answer:

Blockbusting

Explanation:

The practice of making false statements about a property in order to lower its value and increase the buyer’s profit is called Blockbusting. Blockbusting is the method of convincing landlords to sell estate cheaply, which was done by the U.S. property agents and construction developers and they do this by developing terror in the people that people with different racial and class will be soon relocating in the neighborhood and hence benefiting via reselling at a more expensive cost.

3 0
2 years ago
W.C. Cycling had $55,000 in cash at year-end 2013 and $25,000 in cash at year-end 2014. The firm invested in property, plant, an
Vera_Pavlovna [14]

Answer:

This question requires us to calculate cash flows from operations and net income. Each of them is calculated as follow.

Cash flows from operations

Cash flow from operation comprises of cash generated or spend on core business related purchase and sale. It will be calculated as follow.

Cash from operations = 25,000 - 100,000 =($ 75,000).

Net income

Net income will be calculated using simple cashflow equation given below.

Closing cash balance = opening cashflow + net income + depreciation + cash flow from operations + cash flow investment + cash flow finance

25,000 = 55,000 + net income + 10,000 - 75,000 - 250,000 + 170,000

Net income = 115,000

7 0
3 years ago
Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One c
Mars2501 [29]

Answer:

D the demand for tarot card readers has increased.

Explanation:

At constant supply, price of goods or services tend to increase as demand increases. In this case, the demand for the services has increased, meaning that demand for tarot card reading has increased relative to the supply of the service. This has resulted in an increase in price of the service.

8 0
2 years ago
A couple has decided to increase their income from investments for when they retire in twenty years. Which is the best way they
algol13

Answer:

to enroll in a 401k and investing in the stock market.

Explanation:

According to my research on investment strategies, I can say that based on the information provided within the question their best options to accomplish their goal would be to enroll in a 401k and investing in the stock market. The 401K is a retirement fund that grows over years and the stock market also provides a decent ROI for your money, especially stocks like the S&P 500 which are the safest options and grow steadily over years.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
Read 2 more answers
What earns interest and allows unlimited ATM use
Vesna [10]
Interest-bearing checking account.
3 0
2 years ago
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