Doug is the owner of a chain of shoe stores. He hires Ray to be the manager of a new store, which is to open in Grand Rapids, Michigan. Doug, by written contract, agrees to pay Ray a monthly salary and 20 percent of the profits. Without Doug’s knowledge, Ray represents himself to Carl as Doug’s partner, showing Carl the agreement to share profits. Carl extends credit to Ray. Ray defaults. Required:
Discuss whether Classen can hold Daniel liable as a partner.

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.