Serges is the owner of a retail meat marketing business. without authority his managing agent borrowed $3,500 from david on serges's behalf, for use in serges's business. serges paid $200 on the alleged loan and on several other occasions told david that the full balance owed would eventually be paid. he then disclaimed liability on the debt, asserting that he had not authorized his agent to enter into the loan agreement. should david succeed in an action to collect on the loan?

Among the advantages of corporations are the ease of raising financial capital, professional management, and a. rapid promotions b. lower taxes c. limited liability d. specialization

Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?