⦁ Which of the following is a disadvantage of a sole proprietorship?

When a principal is unidentified Group of answer choices the agent and principal will be jointly and severally liable on the con

Alja [10]

Answer:

The correct answer is letter "A": the agent and principal will be jointly and severally liable on the contract.

Explanation:

Principal-agent relationships born because of the need for principals of contracting agents acting on their behalf. While interacting with third parties, the principal can take one of the three (3) following roles: <em>fully disclosed principal, unidentified principal, </em>and <em>undisclosed principal</em>.

An unidentified principal, <em>also called jointly and severally liable principal, is unknown by third parties. The third party knows the agent represents another party but the identity of that other party is a mystery.</em>

4 0

3 years ago

The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent un

olga_2 [115]

Answer:

21,000 units

Explanation:

The computation of the number of units started during November in the department is shown below:-

Number of units started during November in the department = units completed and transferred out + units in the ending work in process inventory - units in the Beginning work in process inventory

= 22,000 + 4,000 - 5,000

= 21,000 units

Therefore we have applied the above formula.

4 0

3 years ago

Logistics is the process of coordinating the flow of goods, services, and information among all members of the supply chain. Gro

Molodets [167]

This is true about about logistics. It is the process of coordinating the flow of goods, services, and information among all members of the supply chain.

<h3>What is the importance of logistics?</h3>

In the business and the supply world, logistics is very important for the reasons that have been listed below:

It helps to increase customer satisfaction.
It helps in the control of a businesses inventory.
It increases efficiency in the business place.
It helps to lower rates.

Read more on logistics here: brainly.com/question/23177203

8 0

2 years ago

What role can the private sector play in poverty alleviation?

cupoosta [38]

Through employment and engaging communities thru comprehensive business models, the private sector can play a significant role in poverty alleviation.

As it brings community members into the value chain thus making it a more sustainable relationship, this approach is makes it different from just social corporate responsibility.

4 0

3 years ago

Read 2 more answers

Several line items and account titles are listed below. For each, indicate in which of the following financial statement(s) we w

Ainat [17]

Answer:

a. Cash asset - Balance Sheet (BS) and Statement of Cash Flows (SCF)

Cash is recorded as an asset in the balance statement and derived from the statement of cash flows.

b. Expenses - Income statement (IS)

Expenses are deducted from revenue in the income statement to come up with Net Income.

c. Non-cash assets - Balance Sheet (BS)

Non-cash assets are recorded in the balance sheet as all assets are.

d. Contributed capital - Balance Sheet (BS) and Statement of stockholders' equity (SE)

Contributed capital from shareholders will appear in the equity section of the balance sheet and in the statement of equity.

e. Cash outflow for capital expenditures - Statement of Cash Flows (SCF)

This is a Cashflow statement entry under Investing activities.

f. Retained earnings - Balance Sheet (BS) and Statement of stockholders' equity (SE)

Retained earnings will go into the balance sheet and the statement of equity.

g. Cash inflow for stock issued - Statement of Cash Flows (SCF) and Statement of stockholders' equity (SE)

Cash inflow from stock issued will be recorded in the financing section of the cashflow statement as well as in the statement of stockholder equity.

h. Cash outflow for dividends - Statement of Cash Flows (SCF) and Statement of stockholders' equity (SE)

Cash outflow from dividends issued will be recorded in the financing section of the cashflow statement as well as in the statement of stockholder equity.

i. Net income - Income statement (IS), Statement of Cash Flows (SCF) and Statement of stockholders' equity (SE)

Net income is derived from the Income statement and used in the statement of cashflow as well as the equity statement.

6 0

3 years ago