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Neko [114]
3 years ago
5

Ralph, the owner of a medium-sized business operated as a sole proprietorship, gives his vice-president, Wanda, authority to hir

e a new manager for the firm. Ralph gives Wanda detailed instructions about the salary she can contract to pay, but tells her that under no circumstances can she make commitments regarding the new manager's pension. Wanda contracts to hire Nick for the new managerial position. But to get Nick to sign up, she has to make certain specific pension commitments to him. Some years later, Nick sues Ralph for failing to fulfill the pension commitments. Which of the following is true in this case?
a. Ralph has no liability, because he expressly told Wanda that she didn't have authority to bind him on pension matters.
b. Ralph is bound on the basis of Wanda's apparent authority.
c. Ralph is bound on the basis of Wanda's implied authority.
d. Ralph is bound on the basis of Wanda's actual authority.
Business
1 answer:
Roman55 [17]3 years ago
4 0

Answer:

b. Ralph is bound on the basis of Wanda's apparent authority.

Explanation:

Since in the question it is mentioned that wanda to hire nick for the managerial question but for that she wants to do certain pension commitments

Now After some years, nick sues ralph for the fulfill the pension commitments so here the ralph would be founded based on the authority of Wanda

So the option b is correct

And, the rest of the options would be incorrect

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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that fa
serious [3.7K]

Answer:

Over-applied overheads=  $54,800.00

Explanation:

<em>Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.</em>

<em>As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred</em>.

Overhead absorption rate = budgeted Overhead/Budgeted labour hours

                                           = $360,000/30,000 direct labour hour

                                            <em>= $12 per hour</em>

<em>Absorbed overhead= OAR× actual labour hours</em>

                                 =  12×  36,000

                                     =  432,000.00

<em>Over absorbed(applied) overhea</em>d = is the difference between actual overhead and absorbed

                                $432,000.00 -  $377,200

                               Over-applied overheads=  $54,800.00

7 0
3 years ago
Bruce is trying to contact the purchasing agent for starbucks coffee in order to sell them his new "bruce's blend" of coffee. ho
ss7ja [257]
Assistant to Bruce and filter the calls to stop the unwanted calls requested by Bruce
5 0
4 years ago
On January 1, Carmen Industries bought a parcel of land for use in its operations by paying the seller $100,000 in cash and sign
sasho [114]

Answer:

$550,000

Explanation:

The computation of the cost of the land is shown below:

= Cash paid + note payable amount + legal fees incurred + sales commission charged + surveying fees + appraisal fee

= $100,000 + $400,000 + $19,000 + $25,000 + $1,000 + $5,000

= $550,000

For computing the cost of the land we added all the cost given in the question as it is related to the land

7 0
3 years ago
What is the factor affect the net export of a country
Tamiku [17]

The factor that affect the net export of a country include:

  • domestic and foreign incomes
  • relative price levels
  • exchange rates
  • foreign trade policies etc

<h3>What is a net export?</h3>

This refers to the the difference between the monetary value of a nation's exports and imports over a certain time period.

In conclusion, the net export is derived after the deduction of the total import from the total export in a year.

Read more about net export

<em>brainly.com/question/21205765</em>

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3 0
2 years ago
Fabiola is an accountant with Rovers and Associates, a law firm in downtown Memphis. The firm maintains a checking account with
Lelu [443]

Answer:

C) Drawer

Explanation:

A drawer is an individual or institution that issues and signs a bill of exchange instructing a bank or drawee to pay the specified amount to the payee. The drawer is the person who writes and signs a cheque to a third party or payee. In a situation where the cheque is to pay oneself, the drawer is the same as the payee.

Rover and Associates is the drawer. The law firm issues the cheques instructing Portris Bank to pay the office manager the amount stated in the cheque.  The office manager is an employee of Rover and Associates. The cheque may be written to Rover and Associates. If that is the case, Rover and Associates is first the drawer and the then the payee. Portis bank is the drawee.

7 0
4 years ago
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