Answer:
Each item on a common-size balance sheet is expressed as a percentage of sales.
Explanation:
In a Common-size balance sheet, the items of the financial statements are presented i.e assets, liabilities and the stockholder equity are reflected in a percentage of the total assets and the total liabilities & owners equity as the case may be.
Like on numerator side the asset item is there and on the denominator side the total assets are there
Answer:
need the pt srry hope you dont get made
Explanation:
Answer
b.$0 SE tax; $90,000 NII tax.
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
This is known as "excess reserves."
Many banks will choose to loan the excess reserves out to customers and earn money from the collected interest.
Answer:
b. the principal's acceptance of responsibility for an agent's activities.
Explanation:
A principal may ratify or disown the activities of a person or an agent who acts above his/her mandate. Where a principal ratify the activity of the agent, it is called agency by ratification.
Sometimes, an agent may perform or carry out activities beyond his/her mandate eventhough this is stated in the law, the principal is also empowered to ratify or disapprove such activities as there are rules governing such approval or disapproval.
Rules governing agency by ratification are ;
-There must be contractual capacity on the part of the person who is ratifying
- The person acting as agent must be intended to be seen as such
-The principal must exist at the point activity is being carried out
-The principal must have full knowledge of the material fact.
-The ratification may be implied or express.
