Solve the Problem -After Spending $2150 for Tables and $3750 for Chairs a for Chairs

question 120

Multiple Choice

Solve the problem
-After spending $2150 for tables and $3750 for chairs a convention center manager finds that the Furniture cost 4% more than last year. Find the amount that he spent last year on tables and chairs. Round to the nearest dollar.

• A) $6146
• B) $236
• C) $3906
• D) $5673

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Definitions:

Ultra Vires

Acts performed by a corporation that are beyond the scope of its charter or legal authority.

Redress

The act of correcting a wrong or giving compensation for a harm done.

State of Incorporation

The specific state within the United States in which a company is legally registered to do business.

Statutory Close Corporation Supplement

A legal provision allowing a closely held corporation to operate with less formal procedures than are required of other corporations.