Carey decided to incorporate her business under the name yStar Inc Before yStar was incorporated, Carey signed a contract in the name of yStar, Inc to have some office space remodeled. Which statement is correct?
a. yStar is liable on the contract because the contract was signed in its name.
b. yStar becomes liable on the contract as soon as it is incorporated.
c. yStar is liable on the contract if the contractor knows that the corporation does not yet exist.
d. yStar will be liable on the contract only if the corporation adopts the contract.
d
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Companies that go global confront several major risks. Describe three of these risks
What will be an ideal response?
Daniels Company entered into a direct-financing lease with Old 7 Corporation, which called for seven annual rentals of $3,500 at an interest rate of 1 . percent. The payments are to be paid at the end of each year. The lease also contained a bargain purchase option allowing Old 7 to purchase the asset for $2,500 after making the seventh annual rental payment. What was the cost of the asset?
a. $17,104 b. $18,473 c. $25,631 d. $27,000
Hedging for currency risk is only for large businesses with established international operations.
Answer the following statement true (T) or false (F)
Which of the following questions does NOTlead a respondent?
a. What level of health care, if any, should the Federal government guarantee for people who cannot afford to buy private insurance? b. What level of health care should the Federal government provide for people who can-not afford to buy private insurance? c. Should parents who cannot afford to buy health insurance be banned from seeking emergency room care for their children? d. Should the Federal government provide a health care program for parents of young children who cannot afford to buy private insurance?