A long-term planned approach to making investments is called

Janelle has an art collection that she wants to sell. She calls Amber and tells her to sell the art collection for her at an upc

IgorC [24]

The correct answer is D) express authority.

Janelle has an art collection that she wants to sell. She calls Amber and tells her to sell the art collection for her at an upcoming auction. Although not specifically told to do so, Amber prints flyers and distributes them to all the art galleries in the area. Amber’s actions are an example of express authority.

Express authority means that an agent has the power to make decisions and act on behalf of another person. In this case, Janelle gave Amber the authority to act in the best interests of her art collection to be promoted by her agent, The authority could be granted orally or written. WIth that faculty, Amber is supposed to do everything to promote and sell Janelle's' art collection.

The other options of the question were A) apparent authority. B) respondeat superior. C) intermediary agency.

4 0

3 years ago

Kentucky Fried Chicken claims that 90% of its orders are delivered within 10 minutes of the time the order is placed. A sample o

PtichkaEL [24]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

5 0

4 years ago

On June 1, 2022, Crane Company was started with an initial investment in the company of $26,000 cash. Here are the assets, liabi

skelet666 [1.2K]

Answer and Explanation:

For preparing the retained earning statement first we have to determine the net income or net loss which is shown below:

= Service revenue - supplies expense - Maintenance and repairs expense - advertising expense - utilities expense - salaries and wages expense

= $7,800 - $1,100 - $690 - $400 - $210 - $1,500

= $3,900

Now the preparation of the retained earning statement is presented below:

Crane Company

Retained Earnings Statement

For the month of June

Beginning balance $ -

Add: Net income $3,900

Less: Dividends ($1,521)

Ending balance $2,379

8 0

3 years ago

After working for a large firm for several years, tyler started his own landscaping design business. however, he soon ran out

Veronika [31]

Answer:

The answer is stated below:

Explanation:

Under this situation, where the Tyler, who is working in a large firm for several years, he started his own business for the same profile. But in a short period of time, the business ran out of the money and he is in a situation or condition, where he has to close the business as he unable to pay the firm expenses.

Grounded on the information, the reason of his business failure, is lack of financial planning as well as backing, which result in business unable to cover the operating cost of the business. Few years of experience of working led to inadequate knowledge of the operation cost and led to failure of his business.

6 0

3 years ago

g Red Sun Rising just paid a dividend of $2.80 per share. The company said that it will increase the dividend by 40% and 10% ove

lesya [120]

Answer:

The stock price today is $58.50

Explanation:

First, we need to determine the dividends for each year

Year _____Working _________ Dividend

0________________________ $2.80 per share

1________$2.80 x ( 1 + 40% )___$3.92 per share

2________$3.92 x ( 1 + 10% )___$4.312 per share

3________$4.312 x ( 1 + 5% )___$4.5276 per share

Now we need to calculate the present value of each years dividend to calculate the value of stock

Year _____Working ___________________ PV of Dividend

1________$3.92/( 1 + 12% )^1_____________ $3.50

2________$4.312/( 1 + 12% )^2____________$3.4375

3________[$4.5276/(12%-5%)]/( 1 + 12% )^2__ $51.5625

Now sum all of the present vlue of dividend to calculate the stock price

Stock Price today = $3.50 + $3.4375 + $51.5625 = $58.50

3 0

3 years ago