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kotegsom [21]
3 years ago
15

After retiring from Jones Corp., a partnership founded by Megan Jones and other partners, Megan grew tired of staying at home an

d started visiting the firm's place of business. The other partners would introduce her to prospective customers as "My partner, Ms. Jones," or "Our partner, Ms. Jones." Megan did not bother to correct anybody about this. She was introduced in this manner to Tiffany, a new customer. Relying on the idea that Megan was a partner, Tiffany entered into a contract with Jones Corp. Which of the following statements is true of Megan if Jones Corp. does not fulfill its obligations?
A. Megan will not be liable as she did not make any claims to partnership.
B. Megan will be liable because she failed to correct the statement when she was being introduced as a partner.
C. The partner who introduced Megan will be liable, but Megan will not be liable.
D. Megan will not be liable as she has withdrawn from the partnership agreement by retiring and she is no more an actual partner.
Business
2 answers:
lana [24]3 years ago
8 0

Answer:

The Correct option is <u>"B"</u>

Explanation:

Any person who by arguments verbal or written or by behavior characterize himself, or wittingly documents himself to be drawn, to be a companion in a very secure, is responsible as a companion in this organization to any person who has on the religion of one such illustration specified credit to the organization, whether or not the individual signifying himself or drawn to be a companion will or doesn't understand that the illustration has extended the individual therefore providing credit.

frez [133]3 years ago
4 0

Answer:

Megan will not be liable as she did not make any claims to partnership  ( A )

Explanation:

After retiring from Jones Corp Megan can be fondly(unofficially) called our partner or my partner by her former partners/colleagues and cannot be held liable by law. therefore if Jones Corp does not fulfill an obligation/business to a client whom Jones Corp introduced Megan to as a partner Megan cannot be held responsible as a partner this is because she did not formally claim to be a Partner WHEN INTRODUCED TO THE CLIENT.

It is the duty of an client or customer to perform due diligence before investing or going into business with any organization.

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Ahat [919]

Answer:

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3 0
3 years ago
Community Manufacturing Inc. developed the following standard costs for direct material and direct labor for one of their major
hammer [34]

Answer:

Particulars               Standard                           Actual

                      Qty     Rate   Amount       Qty      Rate   Amount

Materials     2,000     26     52,000      2,200     24       52,800

Labor          1,000       14     14,000       1,050     14.75    15,487.50

Actual output                                   10,000.00    

Materials required (10000*0.20) = 2,000.00

Labor hrs required (10000*0.1) =    1,000.00

1. May's direct material price variance

= (SP-AP)*AQ

= (26 - 24*)2200  

= 4,400 F      

2. May's direct material quantity variance

= (SQ-AQ)*SP  

= (2,000 - 2,200)*26

= 5,200 U

3. May's direct labor cost variance

= Standard Cost - Actual Cost

= 14,000 - 15,487.50

= 1,487.50 U

4. May's direct labor rate variance

= (SR-AR)*AH  

= (14 - 14.75)*1,050

= 787.50 U

5. May's direct labor efficiency variance

= (SH-AH)*SR

= (1,000 - 1,050)*14

= 700 U

6 0
3 years ago
Bering rock acquires a granite quarry at a cost of $590,000, which is estimated to contain 200,000 tons of granite and is expect
eimsori [14]
<span>The expense would be $112,100. After putting 38,000 over 200,000 tons (38000/20000), dividing this would provide you with the percentage of rock removed. Which is 0.19, after which you would multiply this by 590,000 which would you bring you to the expense for removal.</span>
3 0
3 years ago
In 2016, the Neverland had a population of 8,200 and real GDP of 210,500. Neverland had 5% growth in real GDP per person. In 201
igomit [66]

Answer:

c.226,416

Explanation:

Calculation for what was real GDP in the Neverland in 2019

First step is to calculate real GDP per capital

Real GDP per capital=210,500/8,200

Real GDP per capital=25.6707

Second Step is to calculate Real GDP per person

Real GDP per person=(1+0.05)*25.6707

Real GDP per person=1.05*25.6707

Real GDP per person=26.954235

Last step is to calculate the real GDP in the Neverland in 2019

Using this formula

Real GDP in the Neverland in 2019=Real GDP per person* Population

Let plug in the formula

Real GDP in the Neverland in 2019=26.954235*8,400

Real GDP in the Neverland in 2019=226,416

Therefore the real GDP in the Neverland in 2019 will be 226,416

6 0
3 years ago
Read 2 more answers
What does the growth in both nominal and real GDP reflect?
Reil [10]

Answer:

GDP or GLP

Explanation:

GDP afcorse GDP it is the correct answer and I am 100% I am sure

6 0
3 years ago
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