1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
For volume and lift in a blowdry style, similar to a roller set, the recommended tool is a:
weqwewe [10]
For volume and lift in a blow dry style, a round brush can be used.
8 0
3 years ago
What is not the best speed control option to use when approaching a stale green traffic light? a. maintain speed b. apply brake
romanna [79]

Answer:

c

Explanation:

A stale green light is light that is about to turn yellow because it has been green for a while

Cover brake involves taking ones foot off the accelerator and hovering it over the brake pedal.

Cover brake is necessary when there is a stale green light in case there is a need to stop suddenly or reduce speed

6 0
3 years ago
Mr. Bailey would like to gift $515,000 (FMV) of appreciated property (basis $200,000) to his son. Mr. Bailey doesn't want to use
Oliga [24]

Answer:

He should set a grantor retained annuity trust (GRAT).

Explanation:

Mr. Bailey would be the grantor that transfers the asset into the GRAT, but retains the right to receive annuity payments for a number of years. The IRS has set a minimum annuity corresponding to the Section 7520 rate, during the last two years the rate has varied from 2-3%. When the trust expires (pays all the annuities), the beneficiary gets the asset tax free.

Since the grantor is giving up an asset but in exchange is receiving an annuity form it, there is no applicable gift tax, it is called a zeroed-out GRAT.

This type of grant makes sense only if the grantor believes that the future value of the asset will be higher than the current value, since the annuity is based on the current value. In this case, Mr. Bailey would receive payments based on a $200,000 value, but the property's fair market value is already higher and should increase as time passes.

7 0
3 years ago
__________ argues that the productivity of workers will increase if they are paid more, and so employers will often find it wort
Triss [41]

Answer:

Efficiency wage theory

Explanation:

Efficiency wage theory was first postulated by Alfred Marshall, where he viewed compensation to workers as based on their efficiency.

Companies use efficient wage to reduce staff turnover, as staff are motivated to stay because of wages that are above the industry standard.

It is also a way to reduce cost mostly in industries where the cost of staff replacement is high.

6 0
3 years ago
Company A sold merchandise with a list price of $4,200 and costing $2,300 on account to Company B.
kompoz [17]

Answer: d. The invoice amount is greater than $3,300 and less than $3,400.

Explanation:

The terms of the sale are FOB destination, 2/10, n/30. This means that company B will get a 2% discount if they pay in 10 days, if not, they will have to pay in 30 days.

The goods were sold at a list price of $4,200.

Company B returned $750 according to the Credit memo from Company A.

This reduces the transaction amount by that credit memo,

= 4,200 - 750

= $3,450

It is stated that Company B paid within the discount period which was 10 days so they get the discount for a total balance of,

= 3,450 * (1 - 2%)

= $3,381

The answer therefore is option D.

7 0
3 years ago
Other questions:
  • You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 27% mar
    9·1 answer
  • You are ready to buy a house, and you have $20,000 for a down payment and closing costs. Closing costs are estimated to be 4% of
    9·1 answer
  • NEED HELP , por favor???
    14·2 answers
  • If you cannot identify the author of a document on the web, you should try to determine the sponsoring organization for the docu
    9·1 answer
  • If a congressional leader passes a bill favorable to a particular pharmaceutical firm, then resigns to take a consultant positio
    14·1 answer
  • For a monopoly, the socially efficient level of output occurs where marginal revenue equals marginal cost. average revenue equal
    7·1 answer
  • Gina, a minor, enters into a contract to buy a tractor from herb, an adult. the deal is set aside. restoring herb to the positio
    6·1 answer
  • The company can manufacture either two food processors per machine hour or three espresso machines per machine hour. The​ compan
    15·1 answer
  • If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many
    15·1 answer
  • According to our records, the account "2UgLy" was removed for breaking many of our guidelines. This includes posting spam/unhelp
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!