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3 years ago

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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To reconcile the number of physical units using the weighted average method of process costing, one must determine whether the u

Shkiper50 [21]

For one to be able to reconcile the number of physical units using the weighted average method of process costing, one must determine if the units were completed or still in process at the end of the period.

<h3>What is weighted average method?</h3>

The weighted average cost method is known to be a kind of process that tends to divides the cost of goods that is available using the sale by the number of units that is present for sale.

Conclusively, To find a weighted average, one has to multiply all the number by its weight, then add all the results together.

learn more about weighted average method from

brainly.com/question/26595359

8 0

2 years ago

In year 1 the price level is constant and the nominal rate of interest is 6 percent. But in year 2 the inflation rate is 3 perce

LiRa [457]

The nominal interest rate will rise by 3%.

Nominal interest rate is the sum of real interest rate and inflation rate. Real interest rate is interest rate that has been adjusted for inflation. Inflation is the persistent rise in general price levels.

Nominal interest rate in year 2 = real interest rate + inflation rate

6% + 3% = 9%

Nominal interest rate in year 1 = 6%

Change in nominal interest rate = 9% - 6% = 3%

To learn more, please check: brainly.com/question/21323568

6 0

2 years ago

Suppose that in the U.S. consumer market, the demand for credit cards is increasing. As the demand for credit cards increases, w

Anna [14]

Answer:

Both equilibrium quantity and interest rate will shift to the right.

Explanation:

A shift to the right on those two factors candidates a general increase in the market.

As a demand for a certain product increase, The producer will match it up by increasing the supply of that product in order to accommodate as many consumers as possible. This will cause the equilibrium between demand and supply increased.

As the consumers base grow, there will be more competitors show up to offer the credits for the customers. This will make the potential income that credit providers decreased. As a response, it is very common for them to raise the interest rates for the credit.

8 0

3 years ago

Can anyone thats good in accounting help me please!

prohojiy [21]

Answer:

Explanation:

4 0

4 years ago

Wanda Sotheby purchased 145 shares of Home Depot stock at $149 a share. One year later, she sold the stock for $53 a share. She

NemiM [27]

Answer:

Total return investment % = -0.641 or -64.1%

Explanation:

Given:

Number of share = 145 shares

Purchase price = $149 per share

Sale price = $53

Commission on purchase = $39

Commission on sale = $46

Dividend received = $128

Computation:

Purchase value of share = [Number of share × Purchase price] + Commission on purchase

Purchase value of share = [145 × $149] + $39

Purchase value of share = $21,605 + $39

Purchase value of share = $21,644

Sale value of share = [Number of share × sale price] - Commission on sale

Sale value of share = [145 × $53] - 46

Sale value of share = $7,639

Total return = Sale value of share - Purchase value of share + Dividend received

Total return = $7,639 - $21,644 + $128

Total return = - $13,877

Total return investment % = - $13,877 / $21,644

Total return investment % = -0.641 or -64.1%

6 0

3 years ago