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Komok [63]
3 years ago
9

Jane decided to incorporate her business under the name of Star, Inc. Before Star was incorporated, Jane signed a contract with

a contractor in the name of Star, Inc., to have some office space remodeled. Which statement is correct?
A. Star is automatically liable on the contract because the contract was signed in its name.
B. Star becomes automatically liable on the contract as soon as it is incorporated.
C. Jane is not liable on the contract because she is a promoter.
D. Star will be liable on the contract only if it adopts the contract.
Business
1 answer:
BARSIC [14]3 years ago
7 0

Answer:

D. Star will be liable on the contract only if it adopts the contract.

Explanation:

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Michael company issued 8% bonds with a par value of 1,000,000 receiving 20,000 premium on the interest date 5 years later, after
sattari [20]

Answer:

option D - $22,000 gain

Explanation:

the gain can be calculated by using the following relation

Face Value + Unamortized Premium - Purchase Price = gain

where,

Face Value - $1,000,000

 Unamortized Premium - 60% x $20,000

Purchase Price - 99% x $1,000,000

putting all value to get gain or loss on the retirement

= $1,000,000 + (60% x $20,000) - (99% x $1,000,000)

=  $22,000 gain

6 0
3 years ago
The Acme Widget Company has found that if widgets are priced at s 389, then 1000 will be sold. They have also found that for eve
kvv77 [185]

Answer:

See the explanation below.

Explanation:

a. The number of widgets that will be sold

Let y represent the number of widgets that will be sold, and and we already have x as price of widget, we therefore have:

y - 1,000 = (-600/10) * (x - 389)

y - 1,000 = -60 * (x - 389)

y = 1,000 - [60 * (x - 389) ]

y = 1,000 - 60x + 23,340

y = 24,340 - 60x

b. The revenue generated by the sale of widgets

Let R represent Revenue, therefore we have:

R = xy

R = x(24,340 - 60x)

R = 24,340x - 60x²

c. The cost of producing just enough widgets to meet demand

Let C represent total cost, we therefore have:

C = 8,000 + 97.25y  

C = 8,000 + 97.25(24,340 - 60x)

C = 8,000 + 2,367,065  - 5,835x

C =  2,375,065  - 5,835x

d. The proft from selling widgets

Let P represent profit, we therefore have:

P = R - C

P = 24,340x - 60x²  - (2,375,065  - 5,835x)

P = 24,340x - 60x²  - 2,375,065  + 5,835x

P = - 60x²  + 30,175x - 2,375,065

e. Find the price that will maximize profits from the sale of widgets

Profit is optimum when dP/dx = 0

Therefore, we have

0 = - 120x + 30,175

120x = 30,175

x = 30,175/120 = $251.46

4 0
3 years ago
Can you describe cody's current financial position as good average or poor
Slav-nsk [51]
The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....

If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.

Assets                                            Liabilities
TV-                    250                         student  loan          2600
Mp3 Player       200                         credit card 1             850                                  Laptop              750                         credit card 2           1200                                  Game system   250                         loan from parents     200                                   watch                200                         truck                       3200                                   Checking Account       560                                                                                        Savings Account 1      945                                                                                  Savings Account 2   3400                                                                                      TOTAL                 $  6555               TOTAL              $8050                LOSS $-1495                          
8 0
3 years ago
Lin is making a presentation about road safety and wants to add images of road signs.
Studentka2010 [4]

Answer:

I dont get what this is asking

Explanation:

This is not a question

3 0
3 years ago
In addition to providing home mortgages, large commercial banks have specialized in providing short-term funds to mortgage banki
I am Lyosha [343]

Answer:

warehousing

Explanation:Warehouse financing as a type of financing   is the process whereby manufacturers or producers  take loan and the collateral for the loan taken are their goods/ items. The collateral   which is the goods or commodities are held in high regards or trust by a third party  who serves as a trustee holds the goods on the lender's behalf. s. an approved agent can also be used.

Warehouse financing is importantly necessary as it provides manufacturers with better and favorable loan terms , cost effective and  an adequate repayment plan also as a merit to its use.

4 0
3 years ago
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