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4 years ago

Mutual agency means:_______.

Business

1 answer:

valkas [14]4 years ago

6 0

Answer:

.E) A partner can commit or bind the partnership in any contract within the scope of the partnership business.

Explanation:

.E) A partner can commit or bind the partnership in any contract within the scope of the partnership business.

Mutual agency means that rights of all partners and authority committed or bind the partnership in any contract representing the business operations.

Any partner can act on behalf of the others and acts of each of the partners is binding for all the partners.

Choices A, B ,D are all characteristics of partnership but not mutual agency.

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Last year Electric Autos had sales of $165 million and assets at the start of the year of $280 million. If its return on start-o

ohaa [14]

Answer: 16.9697%

Explanation:

Sales = $165 million

Assets in beginning of year = $280 million

Assets return on start of the year = 10%

$Return\ on\ Net\ Assets =\frac{Operating\ Profit}{Net\ Assets}\times 100$

$\frac{Return\ on\ Net\ Assets\times Net\ Assets}{100} =Operating\ Profit$

$\frac{10\times 280}{100} =Operating\ Profit$

Operating Profit = 28

$Operating\ Profit\ Margin = \frac{Operating\ Profit}{Sales\ revenue}$

$Operating\ Profit\ Margin = \frac{28}{165}\times 100$

= 16.9697%

8 0

3 years ago

Annie is working in an organization where her paycheck reflects how many hours she has worked with each paying client. For her,

konstantin123 [22]

Answer:

A. Expectancy theory

Explanation:

Expectancy theory asserts that people make certain choices because they are motivated by what they expect the result of their choices will be.

Annie's view of her pay as very fair and motivating is as a result of her desire to work more hours with clients. Meaning her mediation of the outcome or result (number hours spent) motivates Annie.

4 0

3 years ago

_______is the income that is produced through the sales function of an organization to sell products and/or services to customer

bulgar [2K]

Answer:

Revenue

Explanation:

Revenue is the income generated from normal busniss operations and includes discounts snd deductions for returned merchandiss

6 0

4 years ago

Using the following information please prepare a schedule of cost of goods sold and calculate the value of ending inventory and

adell [148]

Answer:

Ending inventory= $110,000

COGS= $100,000

Explanation:

Giving the following information:

Beginning inventory=2,000 units for $10 per unit.

Purchases:

June 30, 2019= 5,000 units at cost of $20 per unit.

September 30, 2019= 3,000 units for $30 per unit.

On December 1, 2019 the company sold 6,000 units.

Using the FIFO (first-in; first-out) inventory method, the value of ending inventory is calculated using the cost of the last units incorporated into inventory.

Ending inventory in units= 10,000 - 6,000= 4,000

Ending inventory= 3,000*30 + 1,000*20= $110,000

COGS= 2,000*10 + 4,000*20= $100,000

7 0

3 years ago

Wallace and Melissa live in a small rural community of just over 15,000. They want to purchase a home and start a small home-bas

xz_007 [3.2K]

Answer:

These are the options for the question:

Rural Economic and Community Development (RECD)
VA
FHA
Cal-Vet

And this is the correct answer:

Rural Economic and Community Development (RECD)

Explanation:

Of the four options listed in the question, the Rural Economic and Community Development is the most appropriate.

The RECD is a program that helps rural communities set up businesses and proper through loans, financial help, grants, technical assistance, and so on. This would be the best option for Wallace and Melissa to obtain a loan.

The VA and Cal-Vet are agencies aimed at veterans, and Wallace and Melissa are not veterans.

The FHA would also be an option, but as it is not specifically designed for rural communities, it's best if Wallace and Melissa go to the RECD first.

5 0

3 years ago