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saul85 [17]
4 years ago
9

Haskins is an officer of a real estate development firm. Haskins purchased a piece of property in a rural area of Arizona with t

he idea of building resort homes there. The firm has always had board resolutions for purchases of property (as is common practice) but there was no resolution for this property purchase. The other officers in the firm have learned of the value of the property and are concerned that the firm may not own the property. Which of the following statements is true?
a. The firm can ratify Haskin's actions and take over the contract.
b. The firm cannot ratify the contract unless Haskins had express authority to buy land.
c. If the firm ratifies the contract, the effect is that Haskins is released from liability on it.
d. none of the above
Business
1 answer:
oksano4ka [1.4K]4 years ago
3 0

Answer:

A) The firm can ratify Haskin's actions and take over the contract.

Explanation:

Hanskin's was not explicitely allowed to buy the property in Arizona, but he did it with the intention of increasing the amount of assets that the real estate company holds.

The board of directors should simply take over the contract as long as it is profitable (it most likely is), and analyze whether to change its policies about property purchasing or not, because requiring a board resolution for each one of them can make the process slow and increase opportunity costs.

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Apisco Tiger Inc. has a 6.6 percent semi-annual coupon bond outstanding. There are 183 days from the last coupon date to the nex
hram777 [196]

Answer:

Calculate the dirty price.

Here, coupon interest is compounded semiannually. Hence, divide coupon rate by 2.  

Dirty Price = Bond Clean Price + Accrued Interest

Dirty Price = Bond Clean Price +(Face Value X Coupon Rate/2 X Day Count/ Total Days

Dirty price = 1026 + (1000 x 6.6%/2 x 74/183)

Dirty price = $1,039.34

5 0
3 years ago
The present value of a perpetuity of 6,500 paid at the end of each year plus the present value of a perpetuity of 8,500 paid at
Kipish [7]

Answer:

$10,340

Explanation:

The computation of k is shown below;

Rate per quarter  = 6% ÷ 4  = 1.5%

In the case when perpetuity paid every year, the effective rate is

= (1 + 1.5%)^4 - 1

= 6.136%

Now Effective rate in the case when perpetuity paid every 5 years

= (1 + 1.5%)^(4 × 5) - 1

= 34.68%

Now

The present value of Both perpetuities = $6,500 ÷ 6.13635506249994% + $8,500 ÷ 34.6855006550052%

= $130,431.99

Now

annuity =k

Number of Periods=25

effective rate = 6.13635506249994%

Annuity k =PV ÷ ((1 - (1 + r)^-n) ÷ r

= $130,431.99 ÷ ((1-(1 + 6.13635506249994%)^-25) ÷ 6.13635506249994%

= $10,335.84

= $10,340

6 0
3 years ago
Multinational forces interact with a variety of entities requiring unified actions. These entities include, but are not limited
vaieri [72.5K]

Answer:

d. intergovernmental organizations (IGOs)

Explanation:

Multinational forces cannot interact with for-profit relief agencies or local media agencies that require unified actions. The reason behind not choosing those agencies is that the agencies cannot command as a unified action. Multinational forces can only interact with the international government organization. Therefore, option D is the correct answer.

7 0
3 years ago
​Lakeside, Inc. estimated manufacturing overhead costs for the year at $ 375 comma 000​, based on 180 comma 000 estimated direct
Sloan [31]

The Manufacturing Overhead for the year was​   $18,000 overallocated.

Explanation:

  • Lakeside, Inc. estimated manufacturing overhead costs for the year at $ 375 comma 000​, based on 180 comma 000 estimated direct labor hours. Actual direct labor hours for the year totaled 191 comma 000. The manufacturing overhead account contains debit entries totaling $ 391 comma 000.
  • The Manufacturing Overhead for the year was​ $18,000
  • there are basically two types of business overhead which are  administrative overheads and the manufacturing overheads.
  • Overhead expenses includes the following examples,
  • the  accounting fees,
  • advertising, insurance,
  • interest rates,
  • legal fees,
  • labor work,
  • rent, repairing,
  • supplies, taxes,
  • telephone bills,
  • travelling expenses, etc.

7 0
3 years ago
When asked what the concept "New Year's" meant to Holly, she mentioned the following: party, holiday, new beginning, football, f
Radda [10]

Answer:

semantic memory

Explanation:

Semantic memory is the general knowledge that an individual has accumulated over the years, it involves experience related to one's culture. Semantic memory is one of the two categories of explicit memory.

It is not a specific and personal memory.

Holly's general knowledge of New year is party, holiday, new beginning, football, fun, resolution, and winter.

Episodic memory in the other hand is specific and personal recollection of an event.

3 0
3 years ago
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