All categories

3 years ago

What is the difference between an authorized dealer and an agent?

Business

1 answer:

Bess [88]3 years ago

7 0

Answer:

<u>the main difference is in their commissions</u>

<u>Explanation:</u>

An authorized dealer is a term to describe anyone who is independent of a particular business (company), and yet sell the products or services of the business to their customers. In such case, the authorized dealer adds their own margin to cover their costs and profit.

However, an agent is an intermediary appointed by a business to negotiate with customers on behalf of the company (business). Hence, the company or business pays the agents commissions on the sales they make.

You might be interested in

Transaction Entries and Adjusting Entries Deluxe Building Services offers janitorial services on both a contract basis and an ho

sammy [17]

Answer:

Jan.1

Dr Cash $ 42,000

Cr Unearned Service Revenue $42,000

Jan.31

Dr Unearned Service Revenue $ 7,000

Cr Service Revenue $ 7,000

Jan.31

Dr Account Fees Receivable $1,000

Cr Service Revenue $1,000

Explanation:

Preparation of Journal Entries

Jan.1

Dr Cash $ 42,000

Cr Unearned Service Revenue $42,000

(To record 6 month contract)

Jan.31

Dr Unearned Service Revenue $ 7,000 (42,000*1/6)

Cr Service Revenue $ 7,000

(To record january service fees earned on contract)

Jan.31

Dr Account Fees Receivable $1,000 ($40hours*$25 per hour)

Cr Service Revenue $1,000

(To record unbilled service fees at January 31)

8 0

3 years ago

in the context of in-house software development options, the choice between developing versus purchasing software often is call

Dafna11 [192]

The answer is "build or buy decision".

A build-or-buy decision is the demonstration of picking between assembling an item in-house or acquiring it from an outer provider. In a build-or-buy decision choice, the most critical elements to consider are a piece of quantitative examination, for example, the related expenses of generation and whether the business has the ability to create at required levels.

8 0

3 years ago

Explain the factor that determine an individual personality

Stella [2.4K]

Answer:

Heredity, physical environment, culture and particular experiences

3 0

2 years ago

Jacob impresses his friends by stating that he just cast four votes in the election of the board of directors of Epic Electronic

dusya [7]

Options: A. Preferred B. Cumulative preferred C. Registered D. Common.

Answer:D. Common

Explanation: Common stocks are stocks which are sold either through the Stock markets or through public offerings which gives the owner a partial right to the ownership of the firm.

Common stocks owners have certain rights in Organisations which include the RIGHT TO VOTE, THE RIGHT TO ENJOY DIVIDEND etc.

Common stock is the type of stock which the majority of the investors in a corporation own.

8 0

4 years ago

A customer opens an account and tells the broker to do whatever is prudent. what should the broker do?

Yakvenalex [24]

The broker should obtain a signed power of attorney from the customer.

A broker is someone or firm who arranges transactions between a buyer and a dealer for a fee whilst the deal is done. A broker who additionally acts as a supplier or as a buyer will become a foremost party to the deal.

In general, before transacting customs enterprise on behalf of a customer, a customs broking is needed “to obtain a legitimate energy of attorney to accomplish that.” 19 C.F.R. 141.46. Neither CBP statutes nor regulations further elaborate as to whether or not digital signatures are accredited to execute a POA.

A power of attorney is a written document signed and recounted by way of one person (the essential) authorizing another man or woman (the lawyer in fact or agent) to behave on their behalf. The law, in particular, provides that the strength of a lawyer may additionally confer authority upon behavior banking transactions on behalf of the most important.

Learn more about power of attorney here brainly.com/question/20397360

#SPJ4

8 0

2 years ago