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Ganezh [65]
3 years ago
13

When does a corporation become a party to contracts made by the person forming a corporation?

Business
1 answer:
saul85 [17]3 years ago
7 0

Answer:

They become part of a contract when the agents, personnel, and officers bind the contract of the cooperation by law.

Explanation:

the law that binds the contract is called agency law or cooperate law.

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In the example in the video, why would American companies be hurt when trying to sell goods in Europe affected?
diamong [38]

Answer:US goods would be more expensive

Explanation:

6 0
4 years ago
First City Bank pays 9 percent simple interest on its savings account balances, whereas Second City Bank pays 9 percent interest
MatroZZZ [7]

Answer:

Amount which is earned from bank B will be $7444.21

Explanation:

We have given principal amount P = $7500

Rate of interest r = 9 %

We have to find the interest after 8 years

Total amount after 8 year is given by

A=P(1+\frac{r}{100})^n=7500\times (1+\frac{9}{100})^8=7500\times 1.99256=$14944.21

So the amount which he earn more = $14944.21 - $7500 = $7444.21

4 0
3 years ago
The Charmatz Corporation has a central copying facility. The copying facility has only two​ users, the Marketing Department and
kobusy [5.1K]

Answer:

Total cost for Operations Department = 92,548

Explanation:

Dual-rate method is a method of allocating costs in which two cost functions are used. Typically, the two functions are a fixed-cost function and a variable-cost function.

First calculate allocation rate for fixed cost for Operations Department

Fixed cost  = 60000

Budgeted copies = 310000

Fixed allocation rate = 60000 ÷ 310000

                                  = $ 0.1935483870967742‬ per copy............eq(2)

Variable cost = $ 0.05 per copy............ eq(1)

Actual usage by Operations department was 380000 copies.

Multiply this amount with allocation rates calculated in eq(1) and e1(2).

Actual fixed cost = 0.1935483870967742 × 380000

                            = 73548

Actual variable cost = 0.05 × 380000

                                  = 19000

Total cost for Operations Department = 73548 + 19000

                                                                = 92,548

6 0
4 years ago
5. Suppose economies A and B have the same initial level of GDP per capita at $15,000, and each economy begins with a constant g
jekas [21]

Answer:

56

Explanation:

The rule of 70 can be used to determine the amount of years it would take the GDP of a country to double given its growth rate

Number o year for GDP to double = 70 / growth rate of country

for country A = 70 / 5 = 14 years

for country B = 70 / 1 = 70 years

70 years - 14 years = 56 years

5 0
3 years ago
Select the correct point on the graph. Which point on the graph indicates the lowest quantity supplied of goods? 9.00 8.00 Price
disa [49]

Answer:

It would be A

Explanation:

3 0
3 years ago
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