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steposvetlana [31]
3 years ago
10

Pell is the principal and Astor is the agent in an agency coupled with an interest. In the absence of a contractual provision re

lating to the duration of the agency, who has the right to terminate the agency before the interest has expired?
A. Pell: Yes; Astor: Yes
B.Pell: No; Astor: Yes
C. Pell: No; Astor: No
D. Pell: Yes;
Business
1 answer:
Verdich [7]3 years ago
3 0

Answer: B. Pell: No; Astor: Yes.

Explanation: According to Termination of agency law:

-An agent is entitled to renounce his power by refusing to act or by notifying the principal that he will not act for the principal.

The agent can terminate the agency first in absence of contractual agreement relating to the provision of duration of contract.

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Windsor Inc. had beginning inventory of $11,700 at cost and $19,700 at retail. Net purchases were $130,016 at cost and $169,800
Ulleksa [173]

Answer:

$24,779

Explanation:

In order to calculating the ending inventory using the conventional retail inventory method. we required to do the following computations which are shown below:

Using cost method

Goods available for sale:

= Beginning inventory + Purchases

= $11,700 + $130,016

= $141,716

Using retail method

Ending inventory

= Beginning inventory + Purchases  + Net markups - Net markdowns - sales revenue

= $19,700 + $169,800 + $101,00 - $6,800 - $157,900

= $34,900

Now

Cost to retail ratio = $141,716 ÷ ($19,700 + $169,800 + $101,00)

                              = $141,716 ÷ $199,600

                               = 0.71

So,

Estimated ending inventory at cost:

= Estimated ending inventory at retail × Cost to retail ratio

= $34,900 × 0.71

= $24,779

3 0
2 years ago
Kiano, a telecommunications equipment manufacturer, manufactures PDAs (P), wireless handsets (H), and blackberrys (B). They have
a_sh-v [17]

Answer:

Explanation:

Please check the attached file below to see answer to the given question

6 0
3 years ago
You are the chief financial officer​ (CFO) of Gaga​ Enterprises, an edgy fashion design firm. Your firm needs $ 19 million to ex
QveST [7]

Answer:

- Financial​ institutions, such as investment​ banks, provide expertise in the acquisition of funds.

- The investment banking institution will allow the Gaga Enterprises CFO to raise more money at a lower cost per dollar raised

Explanation:

In the given scenario we want to compare help in raising capital using a financial institution versus raising it directly in the financial​ markets.

When raising capital using financial markets it is more expensive because the company will need to give out ownership rights in the company when they sell shares.

However when financial institutions provide the capital, there is a lower cost per dollar raised compared to sale of shares.

Also financial institutions act as financial advisors to their clients. So they will provide expertise in the acquisition of funds.

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The journal entry to close revenue accounts includes
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Answer:

debiting the revenue accounts and crediting Cash.

d.

Explanation:

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3 years ago
44) Which type of annuity pays an amount per year to you and your spouse until the last one dies?
Andreas93 [3]
The right answer for the question that is being asked and shown above is that: "c. Joint and survivor annuity." The type of annuity pays an amount per year to you and your spouse until the last one dies is that of <span>c. Joint and survivor annuity</span>
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