Clinton investors company, as landlord, entered into a three-year lease with the clifton park learning center as tenant. the lease was executed by bernie watkins who represented himself as the treasurer of the learning center. on may 31, 1984, the day before the lease term began, watkins signed a rider to the lease. he again signed as treasurer of the tenant, identifying the tenant as "the clifton park learning center, inc." watkins had not consulted an attorney regarding the formation od the corporation. he mistook the reservation of the business name with the secretary of state for the filing of a certificate of incorporation. on february 11, 1985, a certificate of incorporation was filed. by march 1986, the learning center had become delinquent in rental payments and other fees in the amount of $18,103. clinton sued watkins and the learning center for the amounts due. watkins claimed that only the corporation was liable. decide. [clinton investors co. v. watkins, 536 n. y.s. 2nd 270 (a. d. 1989)]

Which of the following best describes a fractional reserve banking system? a. a banking system in which a large portion of the bank's assets are digital money rather than bills and coins. b. a banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals. c. a banking system in which banks have only partial control over the interest rates they charge on loans. d. a banking system in which net worth is calculated by subtracting a fraction of liabilities from assets. 2b2t

The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing company: work in process inventory $0 raw materials inventory $ 28 comma 100 finished goods inventory $ 40 comma 600 additional data: 1. actual manufacturing overhead for january amounted to $ 65 comma 000. 2. total direct labor cost for january was $ 63 comma 400. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no. 151, for which total direct labor charges were $ 5 comma 200 (1 comma 300 direct labor hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 700. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 300. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for january?

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?