Business, 18.12.2019 02:31 whiteshawn02

Paul, who runs a retail jewelry store, went with jane, to whom he was engaged to be married, to a wholesale jewelry store. paul had no express, written agreement with jane by which she was his agent. the wholesaler jeweler, pam, asked paul if jane was buying for him. paul did not want to embarrass jane so he nodded in agreement. a few minutes later paul whispered to jane, outside the hearing of the wholesaler, that she should not make any purchases. paul and jane had a big disagreement over money that evening, and jane broke off their engagement. the next day jane went back to the wholesale jeweler and purchased a string of pearls for $2,000. jane also purchased a fur jacket for $3,000 from a store, owned by harry, that was next door to the jewelry store. she told harry that paul wanted a fur for a model in his store and that paul would be glad to pay harry for the jacket. which of the following is the most likely result if pam, the wholesaler jeweler, sues paul for the price of the pearls? a. pam will lose because it was her responsibility to ask paul for written documentation that jane was his agent. b. pam will win only if she can show that through reasonable investigative efforts on her part jane cannot be located. c. pam will win assuming that she can prove that she reasonably believed, based on paul's conduct, that jane was acting as his agent. d. pam will win only if she can show that jane has no assets with which to pay for the necklace. e. pam will lose unless it can be established that jane at some time in the past had actual authority to act as paul's agent.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:00

Case in point 2.4 attaway airlines, part two back at attaway airlines, the morning meeting ended with no agreement between dan esposito and molly kinnon. in fact, a new issue arose. molly now says that the new accounting system is entitled to the highest priority because the federal government soon will require the reporting of certain types of company-paid health insurance premiums. because the current system will not handle this report, she insists that the entire accounting system is a nondiscretionary project. as you might expect, dan is upset. can part of a project be nondiscretionary? what issues need to be discussed? the committee meets again tomorrow, and the members will look to you, as the it director, for guidance.

Answers: 1

Answer

Business, 22.06.2019 12:50

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400

Answers: 3

Answer

Business, 22.06.2019 15:00

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Answers: 3

Answer

Business, 22.06.2019 19:00

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?

Answers: 1

Answer

You know the right answer?

Paul, who runs a retail jewelry store, went with jane, to whom he was engaged to be married, to a wh...

Questions