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Illusion [34]
2 years ago
6

Liability for contracts formed by an agent depends on how the principal is classified and on whether the actions of the agent we

re authorized or unauthorized.
a. true
b. false
Business
1 answer:
charle [14.2K]2 years ago
7 0
<span>Liability for contracts formed by an agent depends on how the principal is classified and on whether the actions of the agent were authorized or unauthorized. Principals are classified as disclosed, partially disclosed or undisclosed.

A liability contract is used when someone is liable for causing bodily harm or injuries to another person. These are contracts and legally binding documents. If someone id undisclosed, they don't share all of the information. Disclosed is when the information is fully shared. Partially disclosed is when someone says they have a principle but do not disclose all of the information. 
</span>
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$16,281$⁢16,281 is invested, part at 15%15% and the rest at 13%13%. If the interest earned from the amount invested at 15%15% ex
aleksandr82 [10.1K]

Answer:

Ans. The amount invested at 13% was $1,595.97 and $14,685.03 were invested at 15%

Explanation:

Hi, you can solve this by using 2 equations, so let X be the portion of the money invested at 15% and Y be the amount invested at 13%. So the equation for the whole amount is:

X+Y=16,281

Now, the problem says that the money that you earn by investing at 15% exceeds the money received as interest in your investment of 13% by $1,995.27, this leads us to the second equation.

0.15X=0.13Y+1995.27

Now, to make it a little more friendly, we just have to go ahead and divide everything by 0.15, so we get.

X=0.8667Y+13,301.8

Now, in our first equation, we substitute X fo 0.8867(Y)+13,301.8 and we will see this.

0.8667Y+13,301.8+Y=16,281

Now, we solve for Y

1.8667Y=16,281-13,301.8

Y=\frac{2,979.2}{1.8667} =1,595.97

So the money invested at 13% was $1,595.97 therefore, the money invested at 15% was $16,281 - $1,595.97 = $14,685.03

And we can check this results like this. The money invested at 15% will return an amount of:

14,685.03*0.15=2,202.75

And the money invested at 13% will return

1,595.97*0.13=207.48

Substracting, we would found that the difference is:

2,202.75-207.48=1,995.27

Best of luck.

5 0
3 years ago
HELP IM TIMED!!!!!!!!!
lutik1710 [3]

Answer:

F

Explanation:

7 0
3 years ago
Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of
Ghella [55]

Answer:

Diane Corporation

The amount of current liabilities is:

=  $106,600.

Explanation:

a) Data and Calculations:

Total assets $ 550,000

Total noncurrent assets 352,000

Liabilities: Notes payable (8%, due in 5 years) 21,000

Accounts payable 51,000

Income taxes payable 14,000

Liability for withholding taxes 4,000

Rent revenue collected in advance 9,000

Bonds payable (due in 15 years) 100,000

Wages payable 9,000

Property taxes payable 5,000

Note payable (10%, due in 6 months) 14,000

Interest payable 600

Common stock 250,000

Current liabilities:

Accounts payable                                $51,000

Income taxes payable                           14,000

Liability for withholding taxes                4,000

Rent revenue collected in advance      9,000

Wages payable                                      9,000

Property taxes payable                         5,000

Note payable (10%, due in 6 months) 14,000

Interest payable                                       600

Total current liabilities =                 $106,600

b) Current liabilities represent the debts that Diane owes creditors within the current accounting period.  They have short-term duration or are due to be repaid within the next 12 months.

3 0
3 years ago
Bessie is at the grocery store and is trying to remember some of the things she needs to buy. She is in the cleaning products ai
Anna007 [38]

Answer: Actual state

Explanation: In simple words, The actual state refers to the way in which a rational consumer actually satisfies his or her needs and wants.

In the given case, Bessie is sure that she has the same product left at home however she does not have any proof. Bessie decides to not purchase the good she already has one, thus, despite of not having a proof she decides to satisfy her wants by not purchasing the bottle.

Hence the correct option is C .

7 0
3 years ago
Who was the researcher who identified three types of travelers on a continuum
irinina [24]
Stanley Plog was the researcher who identified 3 types of travelers
7 0
3 years ago
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