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Svetach [21]
2 years ago
13

Sarah smith works as a laser technician for a local dermatology center consisting of physicians operating under a partnership ag

reement. sarah purchased supplies through the mail from a medical supply facility totaling $5,000. she signed the contract agreeing to pay for the supplies in her name, sarah smith. a few weeks later the dermatologists became embroiled in a bitter dispute regarding profits and terminated the partnership. unfortunately, the partners were not aware of the debt owed to the medical supply facility; and the bill remained unpaid. sarah received a bill from the supply company for $5,000. is she liable to the medical supply company, and why or why not?
Business
1 answer:
ser-zykov [4K]2 years ago
6 0

Answer:

Yes, Sarah is liable for the $5,000 bill since she ordered the supplies and signed the contract using her own name.

She is responsible for the money owed to the medical supply facility, but if this purchase practice was common and happened before, she can also demand that the former partners pay her back.

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Kelly decides to stop studying for a math test and spend the last 1/2 hour of study time working on her public speaking presenta
AVprozaik [17]
<h2>Answer:</h2>

Im not 100% sure, but I think the answer is: <u>A. Resources should be used efficiently</u>

<h2 /><h2>Explanation:</h2>

Kelly is studying for her math test and then she realizes that she still need to work on her public speaking project and she only has half of an hour to study, so this is an example of <u>Limited Resource</u> which in this case, <u>The Limited Resource is Time.</u>

<u>So that is how I got to the conclusion that the answer is A.</u>

<h2>Hope this helped! Good luck and have a great day!</h2>
7 0
1 year ago
Read 2 more answers
A simple index of three stocks have opening values on day 1 and day 8 as shown in the table below. What is the rate of change of
AnnZ [28]
The correct answer is letter B)-11.4% (APEX)
8 0
2 years ago
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Teams with high levels of ______ and ______ deal with task conflict better than those without these characteristics.A. extravers
ozzi

Teams with high levels of openness and emotional stability deal with task conflict better than those without these characteristics.

When you are able to be open about your feelings and keep them stable (emotional stability) dealing with conflict becomes easier. When you are emotionally stable, you are able to understand that emotions will arise during various activities and it's okay to experience different emotions as long as they don't derail you from what you need to accomplish.

6 0
2 years ago
Service Revenue for the year = $80,000. Of this amount, $70,000 is collected during the year and $10,000 is expected to be colle
galina1969 [7]

Answer:

Net Cash Inflow from Operating Activities = $16,000

Explanation:

In the given information, it is not provided that cash is paid or not for Supplies, thus, assumed it was paid at the time of acquisition, and not in the current period when it is only charge to expense.

In that case, Cash generated from operating activities using direct method, shall be:

Cash flow from Operating Activities

Cash revenue collected = $70,000

Cash collected in advance = $2,000

Total cash inflow = $72,000

Cash paid for salaries = - $35,000

Cash paid for advertising expense = - $10,000

Cash paid for utilities = - $11,000

Total Cash outflow = - $56,000

Net Cash Inflow from Operating Activities = $16,000

6 0
1 year ago
Sales are $1.44 million, cost of goods sold is $570,000, depreciation expense is $144,000, other operating expenses is $294,000,
anygoal [31]

Answer:

Times Interest earned ratio is 4.41 times

Explanation:

Times interest earned ratio measure the business capability to pay the interest over its liabilities from its current earning.

As interest expense value is not given it is calculated by the net of Earning before interest and tax and Income before tax

Net Income = Addition to Retained Earning + Dividend Paid = $133,100 + ( 84,000 x $1 ) = $133,100 + $84,000 = $217,100

Income before tax = $217,100 x 100% / ( 100% - 35%) = $334,000

Earning before interest and tax = Sales - Cost of goods sold - depreciation expense - other operating expenses = 1,440,000 - 570,000 - 144,000 - 294,000 = $432,000

Interest Expense = Earning before interest and tax - Income before tax = $432,000 - 334,000 = $98,000

Times Interest earned ratio = Earning before Interest and tax /  Interest expense = $432,000 / $98000 = 4.41 time

4 0
1 year ago
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