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igomit [66]
3 years ago
10

At an auction, Ben bids on a 1957 Chevy coupe, believing that it is worth more than the price asked. When the car proves to need

more repairs than Ben estimated, and thus is worth less as is, Ben is:
Business
1 answer:
Rainbow [258]3 years ago
4 0

Answer: still liable on the bid

Explanation:

You might be interested in
Which terms is defined as a conflict of interest between the corporate shareholders and the corporate managers?
AysviL [449]

Answer: Agency problem

Explanation:

Agency problem  is the issue rises when the agents fails to display appropriate interest of principles.This interest conflict usually occurs between the organisation's stakeholder and management.

In this situation,manger is the person who usually acts as the agent for providing best interest to the stakeholder to increase their wealth and benefit.But if failure in this case occurs , then conflict is experienced between both the parties.

4 0
3 years ago
On December 29, 2005, BJ Co. sold an equity security investment that had been purchased on January 4, 2004. BJ owned no other ma
sineoko [7]

Answer:

AFS 2004 market price decline exceeded 2005 market price recovery

No No

The security cannot be classified as available-for-sale because the unrealized gains and losses are recognized in the Income Statement. Unrealized gains and losses on available-for-sale securities are recognized in owners' equity, not earnings.

The second part of the question is somewhat ambiguous. The 2004 price decline could exceed or be exceeded by the 2005 price recovery. The loss in the first year is not related in amount and does not constrain the realized gain in the second year.

The way to answer the question is to read the right column heading as implying that the earlier price decline must exceed the later price recovery. With that interpretation, the correct answer is no.

For example, assume a cost of $10 and a market value of $4 at the end of the first year. An unrealized loss of $6 is recognized in earnings. During the second year, the security is sold for $12. A realized gain of $8 is recognized-the increase in the market value from the end of the first year to the sale in the second year. Thus, the market decline in the first year did not exceed the recovery in year two. (It could have exceeded the recovery in year two but there is no requirement that it must.)

Explanation:

3 0
3 years ago
ompany X and company Z are planning to merge their business into one and are seeking regulatory approval. What is the most likel
ArbitrLikvidat [17]

Answer: The newly created firms is able to take advantage of economies of scale.

Explanation:

A merger is an agreement whereby two companies come together and pool their resources together in order to form one company and achieve same organizational goals.

One main reason why companies merge together is in order to achieve economies of scale. This is the reduction in cost as a result of the expansion and increase in production level.

4 0
3 years ago
explain the factors that makes marketing and important business activity towards economic development of a nation ​
V125BC [204]

Marketing is promoting and selling goods and services. On a national level, it is promoting and selling the outputs or products of one country to another country.

4 0
3 years ago
On December 31, 2018, a company had assets of $34 billion and stockholders' equity of $28 billion. That same company had assets
Orlov [11]

Answer:

131.6%

Explanation:

Total assets is $50 billion

Liabilities = 50-stock holder equity which is $12 billion

= 50-12

= $38 billion

Therefore the debt to assets ratio can be calculated as follows

= 50 billion/38 billion

= 1.3157×100

°= 131.6

Hence the debts to assetsrayion is 131.6%

7 0
3 years ago
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