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Tju [1.3M]
2 years ago
9

Amy and Lester are partners in operating a store. Without consulting Amy, Lester enters into a contract to purchase $10,000 of m

erchandise for the store. Amy says she did not authorize the order and that she could have purchased the same merchandise for $7,000. Amy refuses to pay for the order. The vendor sues the partners. a. Must the partnership pay for the merchandise? If yes, how much? b. Assuming the partnership is a general partnership, can Amy's personal assets be taken to pay for the merchandise?
Business
1 answer:
Ivan2 years ago
4 0

Answer:

Amy and Lester are both weird so that's your answer.

Explanation:

none needed

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Answer:

The answer is $86,167.57 (to 2 decimal places)

Explanation:

In this question, we are to calculate the present value of a certain amount that is compounded semiannually, and after 10 years, yields a future value of $200,000. To calculate this, we will use the formula for calculating present value as follows:

PV = FV ÷ (1+\frac{r}{n})^{n*t}

where:

PV = present value = ???

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r = interest rate in decimal = 8.6% = 0.086

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Therefore,

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3 0
2 years ago
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Suppose that the federal administration plans to fight a deep, ongoing recession with a nationwide plan of increasing infrastruc
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When the government spends on infrastructural development such as the scenario described in the text, they are engaging in a form of spending known as Government Investment. This will increase the amount of G in the aggregate demand model.

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<u>C</u>

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