FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

A sold a hardware business to B for $10,000 plus 20 percent of the net profits from the business for five years. A demanded to

A sold a hardware business to B for $10,000 plus 20 percent of the net profits from the business for five years. A demanded to serve as a management consultant to the business with certain veto rights to ensure that no asset of the business was dissipated by the buyer. What was the relationship between A and B?

Step by Step Solution

★★★★★

3.51 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Here A sold hardware business to B for 10000 plus 20 ... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizations Behavior, Structure, Processes
Organizations Behavior, Structure, Processes

Authors: Gibson, Ivancevich, Donnelly, Konopaske

14th Edition

978-0-07-81126, 9780077470289, 78112664, 0-07-811266-4, 77470281, 978-0078112669

More Books

Students explore these related Accounting questions

Question

Dream Homes, a US based MNC, started its Indian operations with opening of few stores in its nascent phase. In recent times, it started running nationwide stores in India selling range of home-based...

Answered: 3 weeks ago

Question

What is the relationship between GDP and the business cycle? How can you use information about the business cycle when making a decision about a large purchase?

Answered: 3 weeks ago

Question

What is the relationship between stress and personality? What aspects of personality might tend to increase stress? Decrease it?

Answered: 3 weeks ago

Question

Barnaby is a farmer who receives two-thirds of his total income from the sale of oranges. After two consecutive years of early frosts that destroyed his orange harvest, Barnaby found himself deep in...

Answered: 3 weeks ago

Question

In a 25C room, hot coffee in a vacuum flask cools from 75C to 50C in 8 hours. Explain why you predict that its temperature after another 8 hours will be 37.5C.

Answered: 3 weeks ago

Question

The unit cell for tin has tetragonal symmetry, with a and b lattice parameters of 0.583 and 0.318 nm, respectively. If its density, atomic weight, and atomic radius are 7.30 g/cm3, 118.69 g/mol, and...

Answered: 3 weeks ago

Question

Let A and B be two events in a sample space such that P(A) = 0 and P(B) = 0. Use the results of Exercise 5 to show that P(A B) = 0, P(AB) = 0, P(AB) = 1.

Answered: 3 weeks ago

Question

On December 31 of last year, the balance sheet of Korab Company had Accounts Receivable of $149,000 and a credit balance in Allowance for Uncollectible Accounts of $10,150. During the current year,...

Answered: 3 weeks ago

Question

Write a program by C# programming language that has the following: static void Main(stri aras) tes // Declare the Inter variables and, as "cx" and "cols // 7/ Get the values of the "C" and "col from...

Answered: 3 weeks ago

Question

A binary mixture of mole fraction zj is flashed (o conditions T and P, Fur one of the following determine: the equilibrium mole fractions x1 and y1 of the liquid and vapor phases formed, the molar...

Answered: 3 weeks ago

Question

Item 5 (6 points) List three email protocols from Chapter 1: Email protocol Does it Send or Receive email? Feature Email is stored until a client requests delivery

Answered: 3 weeks ago

Question

The weights of 5 squash (in pounds) are 10,17,17.5,18.5, and 19.5. The sample weights have a mean of = 16.5. The accepted population standard deviation for this type of squash is = 1.25. 1) What is...

Answered: 3 weeks ago

Question

2.2 The Ministry of Works and Transport approaches you and wants your professional advice regarding the Memorandum of Understanding on the Development and Management of the TransKalahari Corridor....

Answered: 3 weeks ago

Question

A member tells you that she was recently hospitalized. She received a bill from a collection agency, even though she did not receive a bill from the hospital. She is worried this will affect her...

Answered: 3 weeks ago

Question

Boeing's recent results highlighted the case for the stock but perhaps not in the way many investors might think. In truth, they were mixed. However, Boeing's management has conservatively guided...

Answered: 3 weeks ago

Question

Two dietary drinks are used to supply protein, carbohydrates, and vitamin C. The first drink provides 2 units of protein, 5 units of carbohydrates, and 7 units of vitamin C in each liter. The second...

Answered: 3 weeks ago

Question

2. The following activities took place in the work in process inventory account during April: Beginning balance Direct materials used s 15, 000 120,000 Total manufacturing labor incurred in April was...

Answered: 3 weeks ago

Question

A superior criticized a sales manager for selling high-revenue, low-profit items instead of lower-revenue but higher-profit items. The sales manager responded, My income is based on commissions that...

Answered: 3 weeks ago

Question

In what ways does organizational culture influence a companys effectiveness and performance?

Answered: 3 weeks ago

Question

The chapter focuses on the perspective of the employee in discussing the psychological contract. From the employers perspective, what is generally expected from employees in terms of the contract?

Answered: 3 weeks ago

Question

What is the relationship between employee satisfaction and customer satisfaction?

Answered: 3 weeks ago

Question

Chen Group sponsors a defined benefit pension plan for its employees. On January 1, 2019, the following balances related to this plan (amounts in thousands). Plan assets (fair...

Answered: 3 weeks ago

Question

Lemke SA sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2019 and 2020. Instructions a. Prepare a pension worksheet...

Answered: 3 weeks ago

Question

Kramer Co. has prepared the following pension worksheet (amounts in $). Unfortunately, several entries in the worksheet are not decipherable. The company has asked your assistance in completing the...

Answered: 3 weeks ago

Previous Question Next Question