<u>Calculation of ending retained earnings balance after closing:</u>
The balance in ending retained earnings after closing can be calculated as follows:
Balance in retained earnings account before closing $297,000
Add: Revenues $185,000
Less: Expenses $103,700
Less: Dividends $18,000
Ending retained earnings balance after closing = $360,300
Hence, The balance in ending retained earnings after closing is <u>$360,300</u>
Answer:
Undisclosed principal
Explanation:
Am undisclosed principal in an agency relationship is one whose existence is not known to the third party. The third party believes they are making the transaction with the only agent involved in the transaction.
In this instance Sarah believed she was selling to Alice and was not aware Alice has a principal (Harold). In her mind she sold the land to Alice and no other person.
It was at the point where Harold said he no longer wanted the land that Alice told Sarah about him. At this point the contract between Harold and Alice had been terminated
Answer:
The correct answer is c. do to satisfy customers
Explanation:
Creating a customer-centered culture is mandatory for any business. Customer care has never been more important. Today, a dissatisfied customer has the ability to share their opinions on social networks or the Internet and negatively affect our business.
Many businesses are failing to provide a correct experience. Creating a satisfactory experience in our clients, through cultivating and helping to develop a relationship with our company, is an opportunity not insignificant. Creating these types of relationships can help positive opinions have greater reach and diffusion.
Most couples get engaged to marry before they actually get married. At one time, such an agreement to marry was considered a legally binding contract and if the engagement was broken without lawful justification, the person responsible could be sued for damages for breach of promise
Answer:
1. Market control by many small firms.
2. Difficult entry.
3. Mutual interdependence.
Explanation:
An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
1. Market control by many small firms.
2. Difficult entry.
3. Mutual interdependence.
