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vodomira [7]
3 years ago
12

Bob is the owner of Apartments Complex. Betty is his manager. Bob informs all tenants in writing as part of their lease that ren

t may ONLY be paid to Bob and not to Betty. However, over the years, tenants pay Betty directly who gives the rent to Bob. Bob never objects. What types of agency authority does Betty have
Business
1 answer:
Keith_Richards [23]3 years ago
7 0

Answer: perceived relationship

Explanation:

An agent is referred to as someone who is given authority by the principal and acts in his or her behalf and the agent is also under the control of such person.

From the question, the principal is Bob while Betty is his agent. The relationship that exist in thus case is the perceived relationship which means that the third party that us, the tenants in thus case believe that an agent is authorised by the principal to do a particular work such as collection of rent in this case but in reality thus doesn't exist. They ate not meant to pay to the manager in this case but they acted based on their perception and since the principal didn't complain, they continued doing it.

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The asymmetric information problem _____
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The correct answer is letter C
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Quill Manufacturing Business makes two models of marking pens. The requirements for each lot of pens in the three manufacturing
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Explanation:

Say, X and Y is the is the fliptop and tiptop quantity respectively, then

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7 0
3 years ago
Matt purchased a 20-year par value bond with an annual coupon rate of 8% compounded semiannually for a price of 1722.25. The cou
finlep [7]

Answer:

(b) 1440

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As the coupon rate of 8% is greater than the yield to maturity (YTM) of 6% annually, the bond is selling at a premium. Hence, the bond will be called at the earliest i.e. 15 years.

Coupon = Call Price * Semi-annual coupon rate = X * [0.08 / 2] = X * 0.04

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Current Price of bond = Coupon * [1 - (1 + YTC)-call date] / YTC + Call Price / (1 + YTC)call date

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  • 1,722.25 = [X * 0.04] * 19.60 + [X * 0.41]

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  • 1,722.25 = X * 1.194

  • X = 1,722.25 / 1.194
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3 years ago
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