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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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Suppose the market wage for cashiers increases from $7 per hour to $9 per hour.As a result, Pat, who is a cashier, now works fiv
Anton [14]

Answer:

Income

Explanation:

Suppose the market wage for cashiers increases from $7 per hour to $9 per hour. As a result, Pat, who is a cashier, now works five more hours per week. On the other hand Chris, who is also a cashier, now works five fewer hours per week.Chris's behavior illustrates the <u>Income</u> effect of a wage increase.

As the income increases, few individual prefer to work fewer hours as now they are able to maintain target by working fewer than at previous wage rate. These people prefer leisure over higher income and want to settle down with limited income. These people  may have a backward bending individual labour supply curve – they may choose to work fewer hours when the wage rate rises.

8 0
3 years ago
The Board of Governors of the Federal Reserve a. members are appointed to four-year terms by the President and confirmed by the
Digiron [165]

Answer:

Option  B

Explanation:

In simple words, The seven board members shall be selected by the president of the usa for a phased period of 14 years. The governing board regulates the operation of the federal reserve system and imposes a wide range of financial and consumer lending rules.

Through statute, the president of the usa may select the Board of Directors to have "equal reflection of the political , economic, manufacturing and business concerns and the regional sections of the nation." The country is split into 12 Federal Reserve constituencies and no two administrators may come from the very same Region.

6 0
3 years ago
A company purchases and uses 40000 gallons of materials for which they paid $3 a gallon. The materials price variance was $90000
iogann1982 [59]

Answer:

the standard price per gallon is $5.25

Explanation:

the computation of the standard price per gallon is given below;

Materials Price Variance = Actual Quantity × (Standard Price - Actual Price)

$90,000 = 40,000 × (Standard Price - $3)

$2.25 = Standard Price - $3

Standard Price = $5.25

Hence, the standard price per gallon is $5.25

The same should be considered

4 0
3 years ago
The separate condensed balance sheets of Patrick Corporation and its wholly owned subsidiary, Sean Corporation, are as follows:
Simora [160]

Answer:

Patrick Corporation Group

a. The amount of total assets is:

=  $1,544,000.

b. The amount of total stockholders' equity that should be reported is:

= $1,136,000.

Explanation:

a) Data and Calculations:

BALANCE SHEETS December 31, 2017

                                              Patrick        Sean          Consolidated

Cash                                    $70,000     $70,000           $140,000

Accounts receivable (net)   146,000       38,000             184,000

Inventories                           100,000      46,000             168,000

Plant and equipment (net) 622,000    262,000            884,000

Investment in Sean             470,000           -                       -

Goodwill                                                                           168,000

Total assets                     $1,414,000 $424,000        $1,544,000

Accounts payable                176,000     90,000            266,000

Long-term debt                   102,000     40,000            142,000

Common stock ($10 par)   340,000      64,000           340,000

Additional paid-in capital                        14,000

Retained earnings            796,000     216,000          796,000

Total liabilities and

 shareholders' equity  $1,414,000  $424,000      $1,544,000

b) Total stockholders' equity after consolidation is calculated as:

Common stock ($10 par)   340,000

Retained earnings             796,000

Total equity =                 $1,136,000

5 0
3 years ago
Grace called a team meeting at her company to go over the results of her marketing research. Before walking through the results,
bearhunter [10]

Answer:

sorry,I don't know the correct answer

5 0
3 years ago
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