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3 years ago

Mutual agency means:_______.

Business

1 answer:

valkas [14]3 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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Paper Co. had net income of $70,000 during the year. Dividend payment was $10,000. The followinginformation is available:Mortgag

Marina CMI [18]

Answer:

net cash provided by operating activities 60,000

Explanation:

net income 70,000

Change in working Capital

Increase Inventory (40,000)

Increase Account payable 30,000

Net change in working capital (10,000)

net cash provided by operating activities 60,000

The working capital is the current asset and current liabilities.

the dividend, bonds and mortgare are not operating activities.

the securities are considered cash.

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3 years ago

If you were to design a range of athletic shoes for various sports activities, what key factors would you consider during the de

vichka [17]

Answer:

Key factors:

Customers

Quality of shoes

Brand (trained with a pro before or used by a pro)

modeling expenses

Explanation:

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3 years ago

Boise Timber co. computes its break-even point strictly on the basis of cash expenditures related to fixed costs. Its total fixe

stellarik [79]

Answer: 1,125,000

Explanation:

Break even point simply means when the total cost and the total revenue are equal.

Firstly, we need to calculate the cash related fixed cost for Boise Timber Co. This will be:

= Total fixed cost - Depreciation

= $6,000,000 - (25% × $6,000,000)

= $6,000,000 - (0.25 × $6,000,000)

= $6,000,000 - $1,500,000

= $4,500,000

The cash break-even point will be:

= $4,500,000/$4

= 1,125,000

8 0

3 years ago

In margin buying you borrow shares to sell now and buy back the shares later and return those. True or False

kotegsom [21]

Answer:

False

Explanation:

When you buy on margin you are borrowing money from your broker in order to purchase securities. The advantage of buying on margin is that you can purchasing a larger amount of stocks, but that also increases the risk of your investment as well as the potential returns.

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3 years ago

4. Why do people sometimes use credit to pay for items instead of just using cash?

olganol [36]

Most people wanted to build there credit up that’s why they use credit cards

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3 years ago