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uysha [10]
3 years ago
8

Able, on behalf of Pix Corp., entered into a contract with Sky Corp., by which Sky agreed to sell computer equipment to Pix. Abl

e disclosed to Sky that she was acting on behalf of Pix. However, Able had exceeded her actual authority by entering into the contract with Sky. If Pix wishes to ratify the contract with Sky, which of the following statements is correct?A. Pix must notify Sky that Pix intends to ratify the contract.B. Able must have acted reasonably and in Pix’s best interest.C. Able must be a general agent of Pix.D. Pix must have knowledge of all material facts relating
Business
1 answer:
Ludmilka [50]3 years ago
7 0

Answer:

D) Pix must have knowledge of all material facts relating

Explanation:

If the contract is beneficial for Pix, then they will want to ratify it. Unless Sky is aware that Able was not authorized to sign contracts on behalf of Pix, they probably wouldn't even tell them about what really happened. Although, Pix will want to know all material facts relating to the contract at the time it is ratified in order to verify if it is really good for them.

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Bryant Company has a factory machine with a book value of $90,000 and a remaining useful life of 5 years. It can be sold for $30
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Answer:

The old factory machine should be replaced will result in lower cost

Explanation:

In file.

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3 years ago
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Which of the statements is not true about a bank run? Fears leading to bank runs can be self-fulfilling. There was a wave of ban
Mnenie [13.5K]

Answer:

Bank runs are bad for the bank affected and usually good for the bank's competitors

Explanation:

A bank run happens when bank depositors withdraw their money deposited due to fear of the bank's solvency.

Bank runs can work as a self fulfilling prophecy. For example, if there a rumour that a bank is insolvent and it is not, depositors would start withdrawing their monies. This would eventually lead to the bank being insolvent.

Bank runs affect other banks and can lead to the collapse of the whole financial system. Bank runs occurred during the great depression

Bank runs led to the establishment of deposit insurance. The aim of deposit insurance is to increase the confidence of depositors in banks because depositors know their deposits are insured

7 0
3 years ago
On January 1, 2024, Bear Cove Co. issued its 11% bonds in the face amount of $3,000, which mature on January 1, 2034. The bonds
Brums [2.3K]

Answer: The bond carrying value is approximately $3,332

Explanation:  

Given that

Year    Int. Expense(A)   Interest pmt(B)  Pre. amortization    Bonds carrying val

          9% of previous      11% of face              B-A                    Issue price - prem

          carrying value            value                                                         Amort

0                     0                           0                         0                         $3,385

1            (0.09×3385)         (0.11×3000)          (330 - 304.65)      (3,385 - 25.35 )

                $304.65               $330.00                $25.35                   $3,359.65

2          (0.09×3,359.65)    (0.11×3000)          (330 - 302.37)   (3,359.65-27.63)

                $302.37               $330.00                $27.63                  $3,332.02

The bond carrying value is approximately $3,332

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When comparing a retail business to a service business, the financial statement that changes the most is the a.statement of cash
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When comparing a retail business to a service business, the financial statement that changes the most is the  b.balance sheet.

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Political economists investigate how economic ideas such as capitalism, socialism, and communism work in the real world. Any economic theory's fundamental component is a methodology used to guide the distribution of a limited quantity of resources in a way that benefits the greatest number of people.

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