Futterman operated a cotton factory and employed Dana Marra as a general purchasing agent to travel through the southern states to purchase cotton. Futterman telegraphed Marra instructions from day to day as to the price to be paid for cotton. Marra entered a cotton district in which she had not previously done business and represented that she was purchasing cotton for Futterman. Although directed by Futterman to pay no more than $0.25 per pound, Marra bought cotton from Anderson at $0.30 per pound, which was the prevailing offering price at that time. Futterman refused to take the cotton. Under these circumstances, which of the following is true?
A. The negation of actual authority to make the purchase effectively eliminates any liability for Futterman.
B. Futterman is not liable on the contract.
C. Marra has no potential liability.
D. Futterman is liable on the contract.
Answers: 3
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Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.
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You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?
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Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%
Answers: 3
Futterman operated a cotton factory and employed Dana Marra as a general purchasing agent to travel...
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