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Andreyy89
3 years ago
6

Rudy and his publisher require Katherine's expertise in writing a chapter of a book that will be published under Rudy's name. Th

ey sign a contract in which Katherine agrees to write the chapter. If Katherine then delegates her obligation to write the chapter to Dana, the delegation.
Business
1 answer:
Brilliant_brown [7]3 years ago
4 0

Answer:

The delegation is not effective and valid since the original contract was based on personal skills and it involves personal services.

Katherine's personal expertise is required to write the chapter and Dana does not necessarily possess the same expertise or skills as Katherine does.

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$2.4 million

Explanation:

The total assets of the firm are funded by both debt and equity,hence, the total assets is the same as total equity plus total debt based on the accounting equation formula below:

total assets=equity+debt

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debt can be  derived using the debt ratio as shown thus:

debt ratio=debt/total assets

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debt=40%*$4 million

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equity=$4 million-$1.6 million

equity =$2.4 million

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