Most manufacturers of vehicles equipped with diesel engines allow what type of biodiesel?

Two stockbrokers, in clear violation of the rules of their employer, sold worthless stocks to unsuspecting customers. There was

ZanzabumX [31]

Answer: Yes they did.

Explanation:

Apparent Authority refers to a scenario where a Agent is assumed to have the power to act on behalf of a Principal regardless of if said authority had not being expressly given whether implicitly or otherwise.

It is worthy of note that this power is only valid if the third party in the transaction assumes from the conduct of the agent, that they have such powers to act.

It is stated in the text that there was no question that the brokers had the actual or implied authority to sell the stock meaning that the Principal had not done enough to show that the agents did not have the Authority to act as they did. For this reason, they can indeed be sued under the Principle of Apparent Authority.

7 0

3 years ago

Red Blossom Corporation transferred its 40 percent interest to Tea Company as part of a complete liquidation of the company. In

kogti [31]

Answer:

The amount of gain that Red Blossom recognize in the exchange is $322500 and its basis in the land it receives is $635000.

Explanation:

Red Blossom recognize the gain

= Fair market value of land – corporation basis

= $635000 - $312500

= $322500

Basis of Land = Fair market value

= $635000

$322500 gain recognized and a basis in the land of $635000

Therefore, The amount of gain that Red Blossom recognize in the exchange is $322500 and its basis in the land it receives is $635000.

8 0

3 years ago

Suppose your New Year resolution is to get back in shape. You are considering various ways of doing this: you can sign up for a

Law Incorporation [45]

Answer:

The answer is: I would do a cost benefit analysis to try to determine which option is the best.

Explanation:

In a cost-benefit analysis you examine the pros and cons of taking an action. You estimate all the costs involved in taking that action and all the possible benefits (or profits) that you will receive by taking that action.

A company will usually perform cost benefit analysis to try to decide which investments to make. For instance, I have $1 million to invest in different projects, my cost benefit analysis should tell me in which projects I should invest that return the largest profit.

If you are trying to decide how can you lose weight more efficiently, you would first estimate the costs of each activity. How much time you are going to spend? How much you have to pay or are they free?

Then you also estimate what benefits you might get form doing each activity. How much weight can I lose by doing each one? Can I save money by doing them? Will I enjoy doing it?

After you have estimated all possible outcomes, you will be able to decide which, if any, activity or activities you should do to lose some weight.

3 0

3 years ago

The term structure of interest rates is upward sloping for all bond types. A certain AAA-rated non-callable 10-year corporate bo

saul85 [17]

Answer:

B) A callable AAA-rated corporate bond with a 15-year maturity

Explanation:

Base on the scenario been described in the question, a non- callable 10-years corporate bond has been issued at a 6.15 percent promised yield the bond which has higher promised yield will be a callable AAA-rated corporate bond with a 15-year maturity period. This is so because, it has a higher promised yield .

6 0

4 years ago

On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Ja

Marina86 [1]

Answer:

Required 1.

Jan 1

Cash $30,000 (debit)

Capital $30,000 (credit)

Jan 2

Rent Expense $2,450 (debit)

Cash $2,450 (credit)

Jan 3

Supplies $2,200 (debit)

Accounts Payable $2,200 (credit)

Jan 4

Accounts Payable $850 (debit)

Cash $850 (credit)

Jan 5

Cash $14,940 (debit)

Fees Earned $14,940 (credit)

Jan 6

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Cash $2,050 (credit)

Jan 7

Salaries Expenses $2,000 (debit)

Cash $2,000 (debit)

Jan 8

Supplies Expense $1,100 (debit)

Supplies $1,100 (credit)

Jan 9

Capital $3,200 (debit)

Cash $3,200 (credit)

Required 2

Cash = $ 34,390 (debit)

Capital = $ 26,800 (credit)

Rent Expense $2,450 (debit)

Supplies = $ 1,100 (debit)

Accounts Payable = $ 1,350 (credit)

Fees Earned $14,940 (credit)

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Salaries Expenses $2,000

Supplies Expense $1,100

Required 3.

Debit Credit

Cash $ 34,390

Capital $ 26,800

Rent Expense $2,450

Supplies $ 1,100

Accounts Payable $ 1,350

Fees Earned $14,940

Automobile Expenses $1,580

Miscellaneous expenses $470

Salaries Expenses $2,000

Supplies Expense $1,100

Totals $43,100 $43,100

Required 4.

a. Amount of total revenue recorded in the ledger = $14,940

b. Amount of total expenses recorded in the ledger = $7,600

c. Amount of net income for January = $7,340

Required 5.

Increased by $4,140

Explanation:

Calculation of T - Account Balances

Cash $30,000 - $2,450 - $850 + $14,940 - $2,050 - $2,000 - $3,200 = $ 34,390 (debit)

Capital $30,000 - $3,200 = $ 26,800 (credit)

Rent Expense $2,450 (debit)

Supplies $2,200 - $1,100 = $ 1,100 (debit)

Accounts Payable $2,200 - $850 = $ 1,350 (credit)

Fees Earned $14,940 (credit)

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Salaries Expenses $2,000

Supplies Expense $1,100

Calculation of total expenses recorded in the ledger.

Rent Expense $2,450

Automobile Expenses $1,580

Miscellaneous expenses $470

Salaries Expenses $2,000

Supplies Expense $1,100

Total $7,600

Calculation of net income for January.

Sales Revenue $14,940

Less Expenses ( $7,600)

Net Income / (Loss) $7,340

Calculation of increase or decrease in owner’s equity for January.

Net Income / (Loss) $7,340

Less Drawings ($3,200)

Change $4,140

Therefore, Owners Equity Increased by $4,140

8 0

3 years ago