Beryl is a purchasing agent for Cable & Wire Corporation. Doyle, a Cable & Wire corporate officer, gives Beryl written authority to buy for the firm as much copper as necessary. The next day, Doyle calls Beryl and tells her to buy only a certain quantity of copper and no more. Beryl shows the written authority to Earth Resources Inc., and enters into a contract to buy more than the quantity specified by Doyle. Earth Resources ships the order to Cable & Wire. Is Cable & Wire liable to Earth Resources under the contract? Is Beryl liable? In each case, if so, why? If not, why not?
Answers
The authority to purchase given by a corporate officer to a purchasing agent provides that the purchasing agent has implied authority to purchase goods that are within the regular scope of the corporation's business. Thus, if the agent exceeds her authority and purchases goods outside the scope of the corporation's regular business, she may be personally liable for the purchase.
The written authority given to Beryl by Doyle is known as express authority. Beryl was authorized to purchase as much copper as necessary on behalf of the company under the terms of the written authorization. According to the doctrine of implied authority, Beryl has the right to purchase copper, but only within the usual course of business.Cable & Wire will be liable to Earth Resources for the contract because Doyle gave Beryl the written authority to purchase as much copper as necessary, which Earth Resources relied on when they entered into the contract with Beryl.
When Beryl entered into a contract with Earth Resources to buy copper beyond the quantity specified by Doyle, it was within the scope of her express authority. Therefore, Cable & Wire will be held liable for the purchase because Beryl was authorized to make the purchase.As a result of the excess copper purchase, Beryl may be personally liable for the breach of her duty to Cable & Wire if Cable & Wire decides to sue her. Beryl would be liable because she exceeded her express authority by purchasing an excessive quantity of copper beyond what Doyle instructed. Therefore, in this situation, Cable & Wire will be liable, but Beryl may also be held personally responsible for the purchase.
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Related Questions
What is a difficulty with using gold as money?
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Answer:
Gold money lacks most of these: It's not very durable, is hard to transport, is easy to counterfeit and is a variable store of value
Differentiate the differences between a Vickrey auction and an
English auction?
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Which qualifications are most helpful for Early Childhood Development and Services Careers? Check all that apply
independence
computer skills
physical strength
financial skills
adaptability
teaching skills
Answer: physical strength, adaptability, and teaching skills
Answers
Answer:
C, E, F
Explanation:
got it right
Answer:
C,E,F
Explanation:
The other guy was right so I had to assure you it was right
An S corporation does not recognize a loss when distributing assets that are worth less than their basis. a) True b) False.
Answers
b) False. An S corporation does recognize a loss when distributing assets that are worth less than their basis.
When an S corporation distributes assets with a fair market value lower than their adjusted basis, it results in a loss for the corporation. This loss can be recognized and used to offset other income or gains of the S corporation, reducing its taxable income. It is important to note that shareholders of the S corporation may have limitations on deducting the loss on their personal tax returns. Loss refers to a financial outcome where the expenses or costs incurred by an individual, business, or entity exceed the revenue or income generated. It represents a negative result in terms of financial performance. Losses can occur in various contexts, such as in business operations, investments, or personal finances. In business, losses can result from factors such as low sales, high expenses, inefficient operations, or unfavorable market conditions. They can impact profitability and financial stability, and businesses often aim to minimize or mitigate losses through strategic planning, cost control, and risk management.
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can anyone please help me please
Answers
Answer:
1. extracurricular
2. cocurricular
3. curricular
4. curricular
5. cocurricular
Explanation:
1. Daniel doing community service by cleaning up outdoor trails is an extracurricular activity because it doesn’t have nothing to do with his academics/school.
2. Debra participating in a hospital program for nursing students is cocurricular because she is practicing techniques she learned in her nursing class.
3. Rhett taking a foreign language class at his middle school is curricular because this is a class Rhett takes at school.
4. You are correct. Ernestina taking a photography class in school is curricular because this class takes place at her high school.
5. Brant joining a student organization for future teachers is cocurricular because he is studying to be a teacher.
how i get the premium version for free i dont want to pay i need to pass summer school
Answers
Which one earns higher interest?
A. Savings Account
B. CD (Certificate of Deposit)
Answers
Answer:
B
Explanation:
The specific interest rates offered by savings accounts and CDs can vary greatly depending on the financial institution, the amount deposited, and the length of the deposit term, so it's important to compare rates from different banks and credit unions to determine which one is the better option for a particular individual.
a canadian broker-dealer has some clients who move to florida for the winter. the agent who services their accounts wants to be able to contact them when they are in florida. which statement is true?
Answers
This statement is True: Some of the clientele of a Canadian broker-dealer relocate to Florida during the winter.
What does a broker-dealer do?Since State B has retail clients, a regional broker-dealer would have to register there as a broker-dealer. A broker-dealer (B-D) is an individual or company who trades securities for their own account or on behalf of their customers.
Since the majority of stock brokerages function as both agents and principals, the term "broker-dealer" is used to define them in terms of U.S. securities laws. A broker/dealer is a business that manages securities for insurance firms as well as connects buyers and sellers of insurance.
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the principal of a mortgage loan is the
a. down payment minus the closing costs minus the purchase price
b. purchase price plus the closing costs minus the down payment
c. down payment plus the closing costs plus the down payment
d. purchase price minus the closing costs minus the down payment
Answers
The down payment less the closing charges less the purchase price is the mortgage loan's principle.
What does a mortgage look like in its simplest form?When you enter into a mortgage with a lender, you give the lender the right to seize the property if they are unable to make the loan amount back plus the interest. You might be able to get a mortgage loan that will enable you buy a new house using the worth of the an existing home as security.
Why do individuals use mortgages?Mortgage loans assist people in financing the purchase of real estate by taking a small portion of the property's overall worth as payment. How Do Mortgages Work A mortgage is a loan used to pay for the upkeep of a home, piece of land, or other kinds of rental properties.
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what is the best job to make a hole lot of money
Answers
Answer:
drop shiping
Explanation:
it's the perfect job
When both debit and credit amounts have been posted to an account, what determines whether the balance is a debit or a credit?.
Answers
Answer:
Whenever the debits in an account exceed the credits, the balance is a debit. Whenever the credits in an account exceed the debits, the balance is a credit.
Explanation:
the length and Length breadth and height of a room in a house are 8m 6m and 4m respectively the house on a decides to paint the four walls of the room at the cost of ,0.04 square of wall how much will the owner spend in painting the walls
Answers
Answer:
\(Cost\ of\ 112m^2 = 4.48\)
Explanation:
Given
Dimension
\(Length= 8m\)
\(Breadth = 6m\)
\(Height = 4m\)
Cost per \(m^2\) = 0.04
Required
Determine the total cost to paint 4 walls
First, we need to calculate the area of the 4 walls.
\(Area = 2*(Length * Height) + 2 *(Breadth * Height)\)
Substitute values for Length, Breadth and Height
\(Area = 2*(8m* 4m) + 2 *(6m* 4m)\)
\(Area = 2*(32m^2) + 2 *(24m^2)\)
\(Area = 64m^2 + 48m^2\)
\(Area = 112m^2\)
Cost per \(m^2\) = 0.04.
\(Cost\ of\ 112m^2 = 112 * 0.04\)
\(Cost\ of\ 112m^2 = 4.48\)
Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
(Cosmetology)
Select the correct answer.
Ethical violations can result in the loss of a license or certification.
A.
True
B.
False
Answers
Answer:
true
Explanation:
the united states is an outlier from its traditional competitors in which demographic way?
Answers
The United State stands out demographically from its traditional competitors due to its higher birth rate, resulting in a younger population on average.
The demographic way in which the United States is an outlier from its traditional competitors is that it has a higher birth rate than most other developed countries. This means that the United States has a younger population on average than its traditional competitors.
What are traditional competitors?
Traditional competitors refer to countries that have similar economic development and are therefore in direct competition with the United States. These countries include Japan, Germany, France, and the United Kingdom. These countries have many similarities in terms of demographics and economic development. For example, they all have aging populations and low birth rates.
What is demographic?
The term demographic refers to the study of human populations in terms of their size, structure, and distribution. This includes factors such as age, gender, ethnicity, income, and education level. Demographic data can be used to understand population trends and make predictions about future population growth and development.
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which statement best explains the relationship between points A and B?
Answers
donated assets should be recorded on the balance sheet at what amount? multiple choice question. zero fair value book value of the donor net realizable value
Answers
Donated assets should be recorded on the balance sheet at a Zero Fair Value of the donor.
What are Donated Capital Asserts?Donated capital assets are a type of gift given to an entity. Assets are resources which a company uses in its business operations.
What is Fair Market Value?A Fair market value refers to the price of the product which can be sold in an open market, assuming that both the buyers and sellers have reasonable knowledge of the assets. Fair Market Value is different than the market value and appraised value.
Fair markets are most commonly used in real estate market and tax settings. Insurance companies uses fair market value to claim certain payouts. Fair market value are also often used in taxation. Municipal property taxes are based on Fair market value of the owner's property.
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List 3 components of markey environment
Answers
Changes in project management planning are made to accomplish all of the following except: A. Track all changes that are to be implemented
B. Review, evaluates, and approve/disapprove proposed changes formally
C. Identify expected effects of proposed changes on schedule and budget
D. Reflect scope changes in baseline and performance measures
E. Change the stakeholder of the project.
Answers
Changes in project management planning are made to accomplish all of the following except E. Changing the stakeholder of the project.
Project managers must track all changes that are to be implemented, review, evaluate, and approve/disapprove proposed changes formally, identify expected effects of proposed changes on schedule and budget, and reflect scope changes in baseline and performance measures.
Changes in project management planning occur frequently throughout a project's life cycle due to unforeseen circumstances, stakeholder requests, or new information. Project managers must assess and analyze the impact of proposed changes on the project's scope, schedule, budget, and quality.
They must also communicate these changes to all stakeholders to ensure everyone is aware of the project's status and any deviations from the original plan.
It is important to note that changes should not be made without proper evaluation and consideration of their impact. Making changes without considering the consequences can negatively affect the project's success. Therefore, project managers must implement a formal change management process to manage changes effectively and minimize risks.
Therefore the correct option is E. Change the stakeholder of the project.
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1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300, $310, 320, $330, $350 and $390 a week. What is the average wage paid?
Answers
solution :
sum of dollar =200+220+280+300+310+320+330+
350+390
Now,
average =total sum of all dollar
total sum of worker
=2370
9
=263.333#
A grandmother sets up an account to make regular payments to her granddaughter on her birthday. The grandmother deposits $20,000 into the account on her grandaughter's 18th birthday. The account earns 2.3% p.a. compounded annually. She wants a total of 13 reg- ular annual payments to be made out of the account and into her granddaughter's account beginning now. (a) What is the value of the regular payment? Give your answer rounded to the nearest cent. (b) If the first payment is instead made on her granddaughter's 21st birthday, then what is the value of the regular payment? Give your answer rounded to the nearest cent. (c) How many years should the payments be deferred to achieve a regular payment of $2000 per year? Round your answer up to nearest whole year.
Answers
(a) The value of the regular payment is $1,769.45 if the first payment is made on her granddaughter's 18th birthday.
(b) The value of the regular payment is $1,969.67 if the first payment is made on her granddaughter's 21st birthday.
Given, Amount deposited in the account on her granddaughter's 18th birthday = $20,000Interest rate = 2.3% compounded annually Regular payments = 13We have to find the value of the regular payment.
a) The present value of the 13 payments is $20,000 (initial deposit). Using the present value formula, we can calculate the regular payment:
$20,000 = P(1 - (1 + 0.023)^-13 / 0.023)P = $1,769.45
Therefore, the value of the regular payment is $1,769.45 if the first payment is made on her granddaughter's 18th birthday.
b) If the first payment is made on her granddaughter's 21st birthday, then the present value of the 12 payments is:
$20,000(1 + 0.023)^3 = $22,530.03
Using the present value formula, we can calculate the regular payment:
$22,530.03 = P(1 - (1 + 0.023)^-12 / 0.023)P = $1,969.67
Therefore, the value of the regular payment is $1,969.67 if the first payment is made on her granddaughter's 21st birthday.
c) To achieve a regular payment of $2,000 per year, we need to find the number of years for which the payments should be deferred. Using the present value formula, we get:
$20,000 = P(1 + 0.023)^n(1 - (1 + 0.023)^-13 / 0.023)
Where P = $2,000 and n is the number of years for which the payments should be deferred.
Solving for n, we get:
n = 8.83 years therefore, the payments should be deferred for 9 years (rounded up to the nearest whole year) to achieve a regular payment of $2,000 per year.
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true or false Resource owners must feel that their incomes are large enough so that they will continue to supply resources
Answers
Answer:
True.
Explanation:
Which of these is a recent technology that a business information manager might evaluate and recommend to their boss?
OA Al
OB. phishing
OC. ransomware
OD talk boxes
Answers
Of the options provided, the recent technology that a business information manager might evaluate and recommend to their boss is "Talk Boxes" (OD).
Talk Boxes refer to a communication tool or device that allows for voice-based interaction, often through voice commands or voice-activated systems.
They can be utilized for various purposes, such as customer service, voice-controlled automation, or interactive voice response systems. Evaluating and recommending new communication technologies is within the scope of a business information manager's role to improve efficiency and enhance customer experience. Options A, B, and C (Al, phishing, ransomware) are not technologies that a business information manager would typically evaluate or recommend, as they relate to cybersecurity threats or general terms unrelated to recent technologies.
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a proinf On July 1, 2025, ABC Ca. pays $12,000 to BFD Co. for a 1-year insurance pollicy. Both companies have fiscal years ending December 31 . For ABC Co. fournalize the entry on July 1 and the adjusting entry on December 31 .
Answers
ABC Co. accurately reflects the portion of the insurance policy that has been utilized during the fiscal year ending December 31, 2025, and properly matches the expense with the corresponding period of coverage.
On July 1, 2025, ABC Co. pays $12,000 to BFD Co. for a 1-year insurance policy. The initial entry on July 1 would involve debiting the Prepaid Insurance account by $12,000 and crediting the Cash account for the same amount. This records the payment made by ABC Co. for the insurance coverage.
On December 31, when ABC Co.'s fiscal year is coming to an end, an adjusting entry needs to be made to reflect the portion of the insurance policy that has been used up or expired. Assuming the policy covers the period from July 1, 2025, to June 30, 2026 (covering two fiscal years), six months of coverage will have expired by December 31, 2025.
To adjust for the expired insurance coverage, ABC Co. would debit the Insurance Expense account for $6,000 (half of the total payment made) and credit the Prepaid Insurance account for the same amount. This recognizes the expense incurred during the fiscal year and reduces the prepaid asset accordingly.
By making this adjusting entry, ABC Co. accurately reflects the portion of the insurance policy that has been utilized during the fiscal year ending December 31, 2025, and properly matches the expense with the corresponding period of coverage.
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What refers to the study of your strengths and weakness and the identification of your area of interest?
Answers
Answer:
Personality inventory
Explanation:
What is the primary responsibility of a customer service representative?
O making sales
O assisting customers
O handling transactions
O analyzing data
Answers
Answer:
assisting customers
Explanation:
ECONOMICS
Determine whether each characteristic describes a sole proprietorship, a general partnership, or a corporation. Note that a characteristic may apply to more than one type of business structure.(2 points)
Answers
The characteristic that describes a sole proprietorship makes a corporation sole proprietor. Option B. This is further explained below.
What is a sole proprietorship?Generally, a sole proprietorship is simply defined as a kind of unincorporated firm in which the earnings are reported and taxed by the owner as a part of his or her personal income.
In conclusion, Individuals who hold single proprietorships are responsible for all financial obligations of the company.
When two or more individuals work together to run a company, they are said to be "in partnership."
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Answer: Stocks may be issued to generate income- Corporation
There are 1 or more owners-Sole Proprietorship, General Partnership, Corporation
Liability is unlimited or can be unlimited-Sole Proprietorship, General Partnership.
3. Which of the following is not a characteristic of a good citizen?
obeying laws
being informed about key issues
using natural resources wisely
owning property
Answers
Answer:
Owning property
Explanation:
Its the only one that affects solely 1 person rather than benefit the community as a whole
Which of these is NOT part of the promotional mix?a. Personal Sellingb. Advertisingc. Public Relationsd. Customer Profiles
Answers
The components that are not part of the promotional mix is customer profiles. Hence, the correct option is (D).
What Is The Promotional Mix?The promotional mix is one of the marketing efforts that can be carried out by companies by combining advertising, public relations, direct marketing, and personal selling, to sales to be able to increase demand for goods or services produced by companies. Using an appropriate and targeted promotional mix can increase company profits and achieve company goals. The use of this promotional mix will usually be carried out more intensely when the company creates new goods or services.
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Assume that the currency-deposit ratio is 0.5. The Federal Reserve carries out open-market operations, purchasing $1 million worth of bonds from banks. This action increased the money supply by $2 million. What is the reserve-deposit ratio
Answers
The reserve-deposit ratio refers to the amount of reserves that banks are required to hold against their deposits. The currency-deposit ratio is 0.5, which means that for every dollar deposited, 50 cents are held as currency and the remaining 50 cents are kept as deposits.
When the Federal Reserve carries out open-market operations and purchases $1 million worth of bonds from banks, it injects $1 million of reserves into the banking system. Since the reserve-deposit ratio is not provided, we cannot determine how much of the newly injected reserves banks will hold as excess reserves and how much they will lend out.
However, we are given that the action increases the money supply by $2 million, which suggests that banks have lent out $1 million of the newly injected reserves. This implies that the reserve-deposit ratio is 0.5 or lower, as banks must hold at least 50% of deposits as reserves. Therefore, the reserve-deposit ratio in this scenario is likely to be between 0 and 0.5.
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