1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksivusya [100]
3 years ago
6

Eleonore and Henry form a partnership to operate a horseback-riding business. The two partners file a duly executed statement of

authority indicating that only Eleonore has the authority to buy and sell horses on behalf of the partnership. James, a regular customer who was unaware of the statement of authority, asks Henry if he can buy one of the horses from the partnership. Henry agrees to sell James a horse. When Eleonore finds out about the sale, she is furious, and demands that Henry retrieve the horse from James. Is Henry's sale of the horse binding
Business
1 answer:
malfutka [58]3 years ago
4 0

Answer:

Yes, because Henry had authority to sell the horse

Explanation:

In the given scenario Henry had apparent authority to sell the horse.

Apparent authority is the ability of an agent to act on behalf of a principal even though this is not clearly stated out. It is as a result of a third party assuming the agent has such power.

James rightly assumed Henry had the power to sell the horse.

So the sale of the horse is binding on Eleonore.

You might be interested in
The decision-making tool that leverages a map of alternatives with a quantifiable utility, or relative value, assigned to each i
olga2289 [7]

Answer:

Decision tree

Explanation:

The decision tree provides the alternatives and allocated the value and weight for each and every alternative in order to become easier to take the decision that depend on the amount and weight allocated to each alternative

It helps in decision making

So as per the given situation the decision tree is the answer

Hence, the second option is correct

4 0
2 years ago
t is now time for jay to complete his tax return. jay is 28 years old and is in a relationship with sandra, planning to get marr
vagabundo [1.1K]

$2,860.50

Tax liability is the total amount of tax that people and companies owe to the federal, state, and local governments in a specific time frame. Tax liabilities are short-term obligations for firms that are listed on a balance sheet and paid off within a year.

<h3>What is accounting for tax liability?</h3>

The amount of taxes you owe is known as your tax liability. For those who are working, determining their income tax on Form 1040 normally only requires them to examine the year's tax tables.

On a company's balance statement, deferred long-term liability costs are listed with other long-term loans. They are listed on income statements as losses or expenses. Deferred tax obligations are one type of deferred long-term liability charge.

To learn more about accounting for tax liability refer to:

brainly.com/question/6646339

#SPJ4

8 0
1 year ago
When discussing time-value-of-money it is necessary to understand some key terminology. Which of the following terms refers to a
Elanso [62]

Answer:

C. Ordinary annuity

Explanation:

The ordinary annuity is the sequence amount of an equivalent lump sum containing a fixed amount of money to be paid or earned at the end of each term. Periods here can be in weekly, monthly, semi-annual or semi-annual, or annual. The number should be the present value

Thus, the appropriate choice is c.

Therefore, all the remaining options are wrong

5 0
2 years ago
A census is a regularly-occurring and official count of a particular population. Census data available at the United States Cens
spin [16.1K]

Considering the demographic information analysis, the Census data available at the United States Census Bureau website are an example of "<u>public information."</u>

<h3>What is Public Information?</h3>

Public Information is a term that is used to describe any information that is made available to the public regardless of the nature or format of the information.

<h3>Census Data as a Public Information</h3>

Given that Census data are posted to the United States Census Bureau website where anybody from anywhere in the world can access the information, this is an example of Public Information.

Hence, in this case, it is concluded that the correct answer is option D.<u> </u><u> </u>Public Information.

Learn more about Public Information here: brainly.com/question/2177649

4 0
2 years ago
Melbourne Company uses the perpetual inventory system and LIFO cost flow method. Melbourne purchased 2,300 units of inventory th
blagie [28]

Answer:

$32,550

Explanation:

LIFO means last in first out. It means that it is the last purchased inventories are the first to be sold.

Total inventory = 2,300 + 2,400 = 4,700

Ending inventory = 4700 - 2600 = 2,100

The ending inventory would be the first purchased inventory

Ending inventory = 2100 x $15.50 = $32,550

I hope my answer helps you

8 0
2 years ago
Other questions:
  • Suppose that Bobo purchases 1 pizza per month when the price is $19 and 3 pizzas per month when the price is $15. What is the pr
    6·1 answer
  • The stockholders’ equity section of Jun Company’s balance sheet as of April 1 follows. On April 2, Jun declares and distributes
    11·1 answer
  • Kristi's Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this tr
    12·2 answers
  • Nevada company paid to the state $1,800 in sales tax that it had previously collected from customers. what type of transaction w
    11·1 answer
  • Select all that apply.
    14·1 answer
  • Critical Thinking: You are at a party, and the friend you came with has had several drinks. He appears to be sober and shows no
    10·1 answer
  • The channel of distribution consists of ___________, who provide transportation and storage of goods as they are distributed fro
    14·1 answer
  • Electronics World Inc. paid out $29.7 million in total common dividends and reported $342.3 million of retained earnings at year
    5·1 answer
  • Which situation best illustrates the concept of elastic demand for a product?
    15·2 answers
  • Assume that Cane normally produces and sells 62,000 Betas and 82,000 Alphas per year. If Cane discontinues the Beta product line
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!