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Tju [1.3M]
3 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:
Ivan3 years ago
4 0

Answer:

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

Explanation:

none needed

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An investor enters into a short oil futures contract when the futures price is $15.5 per barrel. The contract size of 100 barrel
Nikolay [14]

Answer:

$150

Explanation:

Calculation to determine How much does the investor gain or lose if the oil price at the end of the contract equals $14.0

Using this formula

Gain or Loss =(Futures price- Ending contract)*Contract size

Let plug in the formula

Gain or Loss=$15.5 per barrel- $14.0* 100 barrels

Gain or Loss=$1.5*100

Gain or Loss=$150

Therefore How much does the investor gain or lose if the oil price at the end of the contract equals $14.0 will be $150

3 0
3 years ago
Which of these is true of the items in Column B in relation to Column A?
katen-ka-za [31]

Answer:

B. They are wants related to needs in Column A

Explanation:

The question is incomplete!!!

Please refer the complete question below:

Which of these is true of the items in Column B in relation to Column A?

Column A- water, safe housing, shirt

Column B- coffee, beach house, designer blouse

Answer Explanation

Needs are based on physiological, personal, or socio-economic requirements necessary for you to function and live, like water, safe housing, etc in Column A

Wants are a means to fulfilling our need like coffee, beach house, etc in Column B

3 0
3 years ago
Read 2 more answers
Used in noncollusive oligopolistic markets, the practice of a dominant firm to signal upcoming price changes to other firms in t
Harlamova29_29 [7]

Used in noncollusive oligopolistic markets, the practice of a dominant firm to signal upcoming price changes to other firms in the industry is known as price leader.

<h3>What is oligopoly market?</h3>

This is a market structure, whereby few players are having advantage over others in the same industry.

Oligopoly occurs when most products or services are provided by only a few large companies or business.  In other words, it is a market structure where a few large firms dominate an industry; which are airlines, oil and computers.

Here, economy in a country or all around the world is controlled by big business, and therefore small or emerging business cannot compete due to high costs and loyalty of customers to important branches or producers.

Learn more about oligopoly market here: brainly.com/question/13635083

#SPJ1

4 0
2 years ago
he most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet Sales 91,200
klio [65]

Answer:

The sustainable Growth Rate is 15.46%

Explanation:

Return on equity= (Net income/Equity Shareholder's Fund) * 100

= ($19,789 / $83,200) * 100

= 23.78%

Payout ratio is 35%.

Therefore, Retention Rate is 65% or 0.65

Sustainable Growth Rate = Return on Equity * Retention Rate

= 23.78% * 0.65 =

= 0.2378 * 0.65

= 0.15457

= 15.46%

Thus, the sustainable Growth Rate is 15.46%

5 0
3 years ago
A project has an initial cost of $6,900. The cash inflows are $850, $2,400, $3,100, and $4,100 over the next four years, respect
monitta

Answer:

Thus, payback period is = 3 years and 1.61 months

Explanation:

Payback period is the time it will take the project cash flows to recover the initial investment. The payback period for the project in question will be,

<u>Year</u>       <u>Cash flow</u>      <u>Remaining Amount</u>

1               850               (6900 - 850) = 6050

2              2400             (6050 - 2400) = 3650

3              3100              (3650 - 3100) = 550

As the year 4 cash flow is 4100, we know that the amount will be recovered in year 4. However, we will calculate the exact period or months in year 4 that it will take to recover total initial investment assuming that cashflow occurs at constant rate through out the year.

Time = 550 / 4100 * 12 = 1.61 months

Thus, payback period is = 3 years and 1.61 months

4 0
3 years ago
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