Answer:
D) win, because locke had apparent authority to bind the partnership.
Explanation:
Apparent authority refers to an an agent (in this case Locke) that has the power to act on behalf of a principal (the partnership), even though that power has not been expressly granted. The principal's conduct must imply that it has granted that power to the agent in order for a third party to reasonably believe it.
In this case Locke is a partner, so he is part owner of the partnership, that is why Gage reasonably believed that he had the power to place the order. Usually if the agent (Locke) had apparent authority, the principal (the partnership) will be liable for his actions.
Answer: Issued dividends while maintaining a constant number of outstanding shares of stock
Explanation:
A negative cashflow is meant to indicate that cash has left the company. If this is in relation to the owners then it either means that the company has repurchased shares or paid out dividends.
From the options, the correct answer would be that the company issued dividends while maintaining a constant number of outstanding shares of stock. This would be reflected in the Financing section of the Cashflow statement.
Answer:
Zack's adjusted gross income
His adjusted gross income is equal to his gross income minus eligible deductions.
Adjusted gross income (AGI) = gross income - deductions for AGI
= $74,000 - $5,000
= $69,000
Zack's taxable income
His taxable income is equal to his AGI minus itemized deductions minus tax prepayments minus tax credits.
Taxable Income = $69,000 - $2,500 - $8,400
= $58,100
Answer:
Interest = $75.90
Principal = $347.64
Explanation:
First find the payment that is required per month. It will be an Annuity payment as the present value of the loan is given.
The loan is for 5 years compounded monthly so period is;
= 5 years * 12 months
= 60
Interest = 4/12
Present Value of Annuity= Payment * (1 - (1 + r) ^ -n)/r
23,000 = Payment * (1 - ( 1 + 4/12%) ^ -⁶⁰)/ 4/12%
23,000 = Payment * 54.304
Payment = 23,000/54.304
= $423.54
Interest Payment is;
= 4/12% * 23,000
= $75.90
Amount going towards Principal;
= 423.54 - 75.90
= $347.64
Answer:
Option C
Explanation:
It is given that the Hillary has received the check of $ 5,000 on the last week of the December.
Therefore,
Under constructive receipt she is taxed on income at the time the check is received or made available to Hillary i.e on the last year.
Thus, She will be taxed on $ 5000 for the last year
Hence, the correct answer is option (C)