Belinda and Franco are partners in a jewelry business. Without Franco's knowledge, Belinda buys a ring from Janice for $2,200 . Janice has no reason to question the transaction since she is a regular customer of the store and assumes Belinda has authority to buy her ring. When Franco finds out he is furious and does not want to honor the agreement. Which of the following is TRUE?
a. Belinda acted with absolute authority and the partnership must honor the transaction.
b. Belinda acted with actual authority and the partnership must honor the transaction.
c. Belinda acted with implied authority and the partnership must honor the transaction.
d. Belinda acted with apparent authority and the partnership must honor the transaction.
d
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Assume that a business's balance sheet reports total assets of $500,000 and total liabilities of $300,000. Now assume that $20,000 of net fixed assets (net plant and equipment) are written off due to technological obsolescence. All else the same, what is the total equity of the business after the write-off.
A. $200,000 B. $190,000 C. $180,000 D. $170,000 E. There is insufficient information given to answer this question.
Victor has determined that along the share-development path, his business should perform at a 90% level of product awareness, 75% in intentions to purchase, 75% in product availability, and 65% in rate of purchase
If the share potential index for Victor's business is 30%, at what level of product preference should his business perform? A) 52% B) 60% C) 73% D) 91% E) 82%