All categories

1 year ago

When an employer hires an employee to enter into contracts on behalf of the employer, a ______ relationship typically exists.

1 answer:

6 0

When an employer hires an employee to enter into contracts on behalf of the employer, an agency relationship typically exists.

An agency relationship exists between an employer and the employee, when the former authorizes the latter to act on his behalf, including to enter into contracts and agreements.

The employer is called the principal, and the employee is called the agent. These arrangements are made with the consent of both parties, and the principal is bound by what his agent does.

Agency relationships are essential for firms that do business globally. This is because the principal, through the agent, is able to be in more than one place at a time, thereby expanding the scope of their business.

To learn more about agency relationships: brainly.com/question/15129864

#SPJ4

You might be interested in

Answer pleaseee I want fastly

lapo4ka [179]

Explanation:

Hey there!!!

Your required answer is option D.

Because, when you engage or serve others for money or salary or wage it is termed as wage employment.

Hope it helps...

5 0

2 years ago

At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally

stiks02 [169]

Answer:

Effect on income= $0

Explanation:

Because the company has excess capacity and it is a special offer that would not affect normal sales, we will not include the fixed costs.

Effect on income= total sales revenue - total variable cost

Effect on income= 24*4,960 - (20 + 4)*4,960

Effect on income= $0

8 0

2 years ago

Wells Company's delivery truck, which originally cost $70,000, was destroyed by fire. At the time of the fire, the balance of th

beks73 [17]

Answer:

D) $17,500 gain.

Explanation:

Wells Company should record the following transactions:

Dr Cash account 40,000
Dr Accumulated Depreciation Vehicles account 47,500
Cr Vehicle account 70,000
Cr Gain on Disposal account 17,500

$40,000 in cash was received and the accumulated depreciation balance should equal to zero, therefore they must be debited.

The vehicles account balance should equal zero and the rest is gain on disposal, therefore they must be credited.

4 0

3 years ago

Corporation has found that % of its sales in any given month are credit sales, while the remainder are cash sales. Of the cred

Reika [66]

Answer:

Some information is missing, specifically the % of credit sales. Similar questions use 80%, so I will use that %. Also, November sales were $85,000 and December sales were $115,000.

<h2> Cash collections budget</h2>

January February March

Cash sales $30,000 $26,000 $35,000

Collection from Nov. sales $16,320

Collection from Dec. sales $36,800 $22,080

Collection from Jan. sales $24,000 $48,000 $28,800

Collection from Feb. sales $20,800 $41,600

Collection from March sales $28,000

Total cash collections $107,120 $116,880 $133,400

3 0

3 years ago

Match each stage in the policy process with its description.a. agenda settingmany different groups will come up with plans to fi

morpeh [17]

A) Agenda Setting: In Agenda setting, a policy formulation problem is recognized. It is then moved to a list of things to do within government.
B) Policy Formulation: Different groups will brainstorm plans to fix the problem.
C) Policy Adopting: At this stage government will adopt the policy, that will be address the problem.
D) Policy evaluation: Government and the general public are given the policy, they review it. It is then that they decide if it should be continued, altered, or cancelled.

4 0

3 years ago