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kumpel [21]
3 years ago
10

Marco was a furniture buyer for Wellart Department Stores. Marco was authorized to enter into contracts worth up to $50,000. Mar

co entered into a contract with Frank's Furniture to purchase $100,000 worth of dining room furniture. If Wellart refuses to honor the contract and Frank's sues:
Business
1 answer:
Whitepunk [10]3 years ago
8 0

Answer:

Frank's will win, as Marco had implied and/or apparent authority.

Explanation:

Frank's will win, as Marco had implied and/or apparent authority.

Express authority is the authority which the principal has expressly given to the agent whether in a written or orally form.

Implied authority ( it can as well be described as usual authority) is the authority of an agent to acts which are reasonably incidental to and necessary for the effective performance of his duties.

So relating the above to the situation at hand, Mark acted based on the authority given to him by Wellart Department Stores. It was an implied authority.

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The human resource manager of one of Hershey Foods' production facilities has been noticing an increase in absenteeism among ass
Vilka [71]

Answer:

Job rotation is beneficial to the company in terms of productivity and would reduce the leave of absence workers in Hershey Foods production facility.

It would promote flexibility of employees and keep employees interested into staying with the company/organization which employs them as well as taking their designated tasks seriously.

8 0
4 years ago
In a global context, economic development is _________________ correlated with the level and efficiency of financial markets and
o-na [289]

Answer:

Highly

Explanation:

In a global context, economic development is highly correlated with the level and efficiency of financial markets and institutions.

Financial markets can be defined as any marketplace where the trading of securities occurs.

Types of financial markets includes:

1. Money market

2. Foreign exchange market (forex)

3. Bond market

4. Over the counter market

5. Stock market

Economic development refers to the process by which a state improves the economic, political, and social well-being of its citizens. It involves structural transformation, technological innovation and industrial upgrading which will increase labor productivity and improvements in infrastructure.

Stages of economics development includes:

1. Traditional stage

2. Pre-condition for take off stage

3. Take off stage

4. Drive to maturity stage

5. Age of high mass consumption stage

Answer:

Highly

Explanation:

In a global context, economic development is highly correlated with the level and efficiency of financial markets and institutions.

3 0
3 years ago
WILL MARK BRAINLIEST!
Ray Of Light [21]

Answer:

What are the two primary ways you can make tax payments? You can make tax payments by having it set up to be automatically withdrawn from your bank account, or you can pay your taxes directly by sending in a check or calling to set up a payment arrangement on the taxes owed.

What is one other way you can pay? The other way to pay your taxes is to have your refund directly sent to them until your balance is paid in full.

3- If you can’t pay immediately, what is one course of action you can take? What are the criteria?

Again, one course of action to pay your taxes is to have your refund directly sent to bureau that you owe. The criteria is that you get penalized and the state can charge you extra interest rate fees if not paid by a certain time

Explanation:

3 0
3 years ago
Narrow Falls Lumber has total assets of $913,600, total debt of $424,500, net sales of $848,600, and net income of $94,000. The
Black_prince [1.1K]

Answer:

The firm's sustainable growth rate is 13%.

Explanation:

The firm's sustainable growth rate can be calculated using the following formula:

Sustainable growth rate = Retention Rate * Return on Equity ............. (1)

Where;

Dividend payout ratio = 30%, or 0.30

Retention rate = 1 - dividend payout ratio = 1 - 0.30 = 0.70

Shareholder's equity = Total assets - Total debt = $913,600 - $424,500 = $489,100

Return on equity = Net income / Shareholder's equity = $94,000 / $489,100 = 0.19

Substituting the relevant values into equation (1), we have:

Sustainable growth rate = 0.70 * 0.19 = 0.13, or 13%

Therefore, the firm's sustainable growth rate is 13%.

3 0
3 years ago
As the attrition loss in a process increases, what happens to the yield?
sp2606 [1]

Answer:

The yield decreases

Explanation:

6 0
3 years ago
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