Answer:
A. Gained value compared to the Italian lira because inflation was higher in Italy.
Explanation:
Because the banks were down
Answer: True
Explanation:
Under Agency Law in relation to employment, the salesperson is acting as an agent of the owner of the store and as such is their representative. As their representative, it is assumed that whatever they are selling is from the Owner whom they represent and as such can be binding on the owner.
This is why the Agent must act in the best interest of the owner because the owner could be held negligent for the actions of their agents. For instance, a salesperson will not be sued for a faulty equipment that caused harm but the store can.
Answer:
B) requires that dividends not paid in any year must be made up in a later year before dividends are distributed to common shareholders.
Explanation:
In cumulative feature of preferred stock, the preference shareholders have priority of shareholders over common shareholders in the year subsequent to the year in which the dividend is not distributed. All other options given in the question are incorrect.
Answer:
$25,000
Explanation:
The computation of the financial advantage or disadvantage of accepting the outside supplier’s offer is shown below:
But before that first we have to compute the relevant cost for 25,000 units which is given below:
= (Direct material per unit + Direct labor per unit + Variable manufacturing overhead per unit × number of units manufactured) + (Fixed manufacturing overhead × number of units manufactured × remaining portion applied)
= ($3.9 + $8 + $2.10) × 25,000 units + ($6 × 25,000 units × 1 ÷3)
= $400,000
Now
Financial Advantage (disadvantage) of accepting the outside offer is
= (Relevant cost at 25,000 units - per part price × number of units manufactured) + (Annual rental amount)
= ($400,000 - $18 × 25,000 units) + $75,000
= $25,000
Since this amount comes in positive which signifies the financial advantage
