Answer:
Credit Purchases $36,000.
Credit Sales Discounts $500.
Credit Merchandise Inventory for the beginning balance $5,000.
Explanation:
Answer:
The correct answer is He may rescind the contract because Ann violated her duty of loyalty.
Explanation:
The duty of loyalty, as the obligation of any agent to put the interests of their principal before their own, constitutes one of the most fundamental rules (rectius, standard or general clause) of Private Law. Its realization is also one of the most difficult tasks assigned to scholars, not only to jurists but also to moral philosophers, economists, psychologists and biologists. Cooperation between human beings requires “being able to trust” that those whom we use to extract the advantages of specialization behave loyally when the conditions in which the hiring is carried out are not ideal. Under ideal conditions, the possibility that a contracting party may prevail over its interests over those of the counterparty is ideal to produce damages to the counterparty. The counterparty simply will not enter into the contract if the price does not cover the risks associated with the conflict. But we do not use the expression "conflict of interest" to mean that, in bilateral contracts, the parties normally have opposite interests. There has to be a typical situation in which the other party cannot protect itself by denying consent to the conflicting claim of the other. Typically, when the object of the contract includes the provision of information or advice or the performance of an order on behalf of another. Not in all these cases a duty of loyalty is imposed on the person who informs, advises or carries out the order. If the person who receives the information, the advice or the person in charge of the management can protect himself against the possibility that the person who reports, advises or executes the order prevails his own interest over that of the principal, there is no need to impose a duty of loyalty.
Answer:
option c
Explanation:
In simple words, An incidental recipient refers to the third party benefiting from a deal with two certain parties, however it is never meant to support a third party. Accordingly, that third party has no legal protection underneath the deal in the agreement. Thus, from the above we can conclude that the correct option is C.
Answer:
1. Concept/Idea generation
2. Commercialization
Explanation:
The whole concept of idea generation is basically hinged on identifying and/or spotting a particular problem. The task here is how an apt individual will suggest solutions to the identified problem, while having in mind that people will pay for such. Thus, to be effective at this, individual must operate at an impressive level of product solving skills activities. Problem solving involves combination of critical thinking and evaluation tools and could take considerable timing and resources where necessary.
Commercialization is the procedure an entity undertake to market and/or sell a product to earn a price and ultimately profit. This represents the final phase of a development process. It also involves the combination of critical tools to ensure a successful outing. Various marketing mix /strategies could be adopted here. A critical appraisal could also be noted in a bid to detail the whole performance of the product in subsequent undertakings.
Answer:
B) false
Explanation:
Absorption based costing (ABC) is best suited for companies that have wide overheads and diverse activities, i.e. need several cost pools. ABC allocates costs and resources to activities and the drivers are assigned to each activity, so the more complex processes are the ones that benefit the most from ABC.
