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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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Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:August 2 10 units w
mel-nik [20]

Answer:

COGS= $158.4

Explanation:

Giving the following information:

August 2: 10 units were purchased at $12 per unit

August 18: 15 units were purchased at $14 per unit

August 29: 12 units were sold.

First, we need to calculate the weighted-average purchasing price:

weighted-average purchasing price= [(10*12) + (15*14)]/25

weighted-average purchasing price= $13.2

COGS= 12*13.2= $158.4

5 0
3 years ago
On April 1, Otisco, Inc. paid Garcia Publishing Company $1,548 for 36-month subscriptions to several different magazines. Otisco
SSSSS [86.1K]

Answer:

advertizing expense 387 debit

    prepaid expense       387 credit

--to record expired advertizing at year-end ---

Explanation:

1,548 is the value of 36 months

from April to December 31th 9 months has expired thus:

1,548 x 9/36 = 387 expired advertizing

we will decrease our prepaid and post the advertizing expense for the expired amount

the prepaid is considered an asset as we have the right to receive advertize of our product and brand for the term of the contract thus, to decrease it we credit

the expense as decrease our equity will be debited

4 0
3 years ago
For marketing to occur, there must be two or more parties with unsatisfied needs. Dr. Pepper Snapple Group distributes Country T
Len [333]

Answer:

The answer to this question is

b. people with a desire for a beverage other than soda or water

Explanation:

The "second" party needed for marketing to occur in this case are people who are in need of the product produced by Dr. Pepper Snapple Group. (I.e the customers ) however, the type of customer that Dr. Pepper Snapple group will seek to have are customer with a desire for a beverage other than soda and water because it's price is comparable to that of soft drink.  Which implies that customer with no interest in that kind of  product will not buy but will rather stick with their preference for soft drinks since it is the same price with the new product by Dr. Pepper Snapple group.

Hence, Dr. Pepper Snapple group  will need to have people with a desire for a beverage other than soda or water  for marketing to occur.  

6 0
3 years ago
Read 2 more answers
If the marginal propensity to consume is equal to 0.85, then a $500 increase in disposable income leads to a:
AlekseyPX

The question is incomplete. The complete question is stated below.

If the marginal propensity to consume is equal to 0.85, then a $500 increase in disposable income leads to a:

a. $400 increase in consumption spending

b. $75 increase in consumption spending

c. $425 increase in personal saving

d. $75 increase in personal saving

Answer:

If a $500 increase causes an increase of $425 in consumer spending, the rest of $75 is the increase in personal saving. Thus, option D is the correct answer.

Explanation:

The marginal propensity to consume or MPC is the percentage of the additional income that will be used for consumption spending. It is a concept that is used to calculate how much of an increase in income will be used in consumption and saving. The formula to calculate MPC is,

MPC = Change in consumer spending / Change in income

0.85 = Change in consumer spending / 500

500 * 0.85 = Change in consumer spending

Change in consumer spending = $425

If a $500 increase causes an increase of $425 in consumer spending, the rest of $75 is the increase in personal saving.

8 0
3 years ago
You just made the last monthly payment on a 30 year mortgage -- the house is yours! In your joyous moment, you calculate how muc
makkiz [27]

Answer:

$112,807

Explanation:

To calculate the amount of money you borrowed, you have to use the formula to calculate the present value:

PV=FV/(1+r)^n

PV= pressent value

FV= future value= 647,514

r= rate= 6%

n= number of periods of time= 30

PV=647,514/(1+0.06)^30

PV=647,514/(1.06)^30

PV=647,514/5.74

PV=112,807

According to this, you originally borrowed $112,807 for this house.

5 0
3 years ago
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