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IrinaVladis [17]
3 years ago
7

Beck was the general manager of Chilkoot Lumber Co. Haines sold fuel to the company. To persuade Haines to sell on credit, Beck

signed a paper by which he promised to pay any debt the lumber company owed Haines. He signed this paper with his name followed by "general manager." Haines later sued Beck on this promise, and Beck raised the defense that the addition of "general manager" showed that Beck, who was signing on behalf of Chilkoot, was not personally liable and did not intend to be bound by the paper. Was Beck liable on the paper?
Business
1 answer:
Gre4nikov [31]3 years ago
5 0

Answer:

No

Explanation:

Beck was the general manager of company. By signing the company's document, actually company is liable to pay that amount not individual. The claim that Haines make is incorrect as any liability is supposed to be beared by company. The claim that Beck made is correct. because he wrote general manager which means he is an employee of that company. So, liability falls on company rather than individual.

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Zielflug [23.3K]
I believe the correct answer from the choices listed above is option C. During an OSHA inspection, you <span> have the right to talk to the inspector privately. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span>
3 0
3 years ago
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Mary buys an annuity that promises to pay her $1,500 at the end of each of the next 20 years. The appropriate interest rate is 7
alina1380 [7]

Answer:

PV= $15,291.74

Explanation:

Giving the following information:

Annual cash flow= $1,5000

Number of years= 20

Interest rate= 7.5%

To calculate the present value, first, we need to determine the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {1,500*[(1.075^20) - 1]} / 0.075

FV= $64,957.02

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 64,957.02/(1.075^20)

PV= $15,291.74

7 0
3 years ago
The CEO of Sam's Club, Rosalind Brewer, reports to Walmart's CEO, C. Douglas McMillon, who as corporate executive oversees Walma
sdas [7]

Answer:

The correct answer is strategic business unit.

Explanation:

Strategic business unit refers to the set of activities carried out by a company for which a common and different strategy can be established from the rest of the company's activities. This strategy is autonomous from the rest, but it is not entirely independent since all the strategies of the different strategic business units are linked within the company's global plans.

6 0
3 years ago
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Tony's Beach T-Shirts has fixed annual operating costs of $75,000. Tony retails his T-shirts for $14.99 each and the variable co
Andreyy89

Answer:

$112.425

Explanation:

breakeven is

first we need to understand the concept of breakeven:

breakeven in sales makes reference to the amount of revenue in dollars at which a company has a profit of zero ($0.00). covering the underlying fixed expenses of a busines

with this concept we have that :

Total Costs   = fixed annual operating cost + variable cost + sold units

Revenue = Total Costs

14.99 * sold units = 75,000 + 4.99 * units

10 * sold units = 75,000

breakeven  = 7,500  units

now we can have the breakeven in dollars doing the convertion

breakeven = breakeven in units * prices

breakeven= 7,500 units * $14.99/unit  

breakeven = $112,425

8 0
3 years ago
The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a buil
Lana71 [14]

Answer:

Cash flows from operating activities section

                                                                  Amount in $  

Net income                                             210,000.00    

Depreciation                                              62,500.00        

Change in Accounts Receivable              -2,400.00

Change in Inventories                              13,500.00  

Change in Prepaid Expenses                 -600.00

Change in Accounts Payable                      3,800.00  

Change in Salaries Payable                    <u>     -750.00</u>

Cash flows from operating activities    <u> 286,050.00</u>    

Explanation:

The operating activities includes net income, depreciation and changes in current assets and current liabilities. The depreciation as a non-cash item is added back in the cash flows statement.

An increase in current assets represents an outflow of cash hence the negative value and vice versa. The increase in current liabilities represents an inflow of cash hence it is positive and vice versa. Below are the changes.

                                          Amount in $   Amount in $   D ifference

Change in Accounts Receivable  71,000    73,400       (2,400.00)

Change in Inventories                140,000    126,500   13,500.00  

Change in Prepaid Expenses    7,800       8,400      (600.00)

Change in Accounts Payable  62,600    66,400      3,800.00  

Change in Salaries Payable             9,000       8,250      (750.00)

7 0
4 years ago
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