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faust18 [17]
3 years ago
11

The agency relationship is a fiduciary relationship and is based upon trust

Business
1 answer:
mario62 [17]3 years ago
4 0

Answer:

True

Explanation:

Trust must exist between the agent and the client, and the agent should remain loyal to his or her client.

Agency relationships exist when an agent (a person) acts for or on behalf of his client (also referred to as the principal).

This type of relationship can only exist as long as mutual trust exists between the agent and his client.

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The following chart describes opportunities and challenges in the external environments that surround businesses. Which of the f
Sidana [21]

Answer:

Identity theft is a challenge in the technological environment of businesses, while the desire for green living presents opportunities for new businesses in the global environment.

Explanation:

Database present cannot be a challenge in the context of the global environment. Therefore, it is incorrect.

E-commerce, by no means, is a costly technology. It is a cost-effective technology. Therefore, it is also incorrect.

Identify theft is a challenge but war and terrorism cannot satisfy the global environment. So, it is wrong.

Identify theft is a challenge while green living presents opportunities for new businesses in the global environment. Therefore, it is the correct option.

3 0
3 years ago
Sales taxes tend to be __________ because low income individuals tend to spend more of their income.
ki77a [65]

Answer:

Regressive.

Explanation:

Sales tax is regressive as it mostly collected from poor or low income consumer, as they spend most of thier income and hardly save money or efford for luxury goods. Sales tax is very important source of revenue for the government, however, it impact heavily on low income people. Low income consumer spend most of the income than consumer with income, which create gap or imbalance between poor and rich.

7 0
3 years ago
________ is the amount an employee earns before payroll withholding is performed.
Allisa [31]

Answer:

I think the answer is net pay

3 0
3 years ago
Read 2 more answers
On January 1, Snipes Construction paid for earth-moving equipment by issuing a $320,000, 3-year note that specified 4% interest
kvv77 [185]

Answer:

$294,803.84

Explanation:

The computation of the equipment and the note is shown below:

Rate = 7% and the time = 3 years

Cash flow                Table Value Amount        Present Value

Par (Maturity) Value 0.81629       $320,000        $261,212.80

Interest (Annuity)

($320,000 × 4%)          2.6243    $12,800                $33,591.04

Price of equipment                                  $294,803.84

The 0.81629 is

= 1 ÷ 1.07^3

And, the 2.6243 is the PVIFA factor

6 0
3 years ago
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following fina
7nadin3 [17]

Answer:

Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2020. Owner Santana Rey contributed $31,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $4,100 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)

Explanation:

3 0
3 years ago
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