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3 years ago

6

If an agent has no authority but nevertheless contracts with a third party, the principal can be held liable on the contract. tr

ue or false

1 answer:

enyata [817]3 years ago

6 0

The answer is true i hope this helps

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When the carrying cost of inventory is expressed as a percentage: A. it is usually the same as the borrowing cost of the organiz

dimaraw [331]

Answer:

Option E It is multiplied by the material unit cost to calculate the per unit carrying cost.

Explanation:

The reason is that the carrying cost which is also known as holding cost is the cost of holding a unit material for a year and this can be calculated as:

Holding Cost is also given in percentage of material price and is calculate by multiplying it with the material unit cost to calculate the holding cost per unit per year.

So the option E is correct.

5 0

3 years ago

Is a notary public required to purchase an error and ommission policy

Kaylis [27]

Answer - Keep in mind a notary errors and omissions insurance policy is a must-have coverage if you are a notary. According to state laws, the notary public has unlimited financial liability if he or she causes the public harm as a result of an error or omission.

6 0

3 years ago

Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. T

Dmitry_Shevchenko [17]

Answer:

Explanation:

A common sized income statement is a method of financial statement that express every line item on a financial statement as a percentage of sale for the ease of financial analysis

Tannenhill's % Industry average

Revenue 2,480,000 100 100%

Cost of Goods 1,587,200 64 70

Gross profit 892,800 36 30

Selling expenses 545600 22 17

Admin expenses 198400 8 7

Total ope. Expe. 744000 30 24

Ope. Income 148600 6 6

Other Revenue 49600 2 2

198400 8 8

Other Expenses 24800 1 1

PBIT 173600 7 7

Income Tax 74400 3 5

Net Income 99200 4 2

7 0

2 years ago

Is the type of competition that occurs in a competitive market without identical producers.

amm1812

Answer:

Monopolistic

Explanation:

The type of competition that occurs in a competitive market without identical producers is a monopolistic one.

8 0

3 years ago

On January 1, 2021, Clark Corporation sold an $800,000, 7% bond issued for $767,320. The bonds are to pay interest quarterly and

serg [7]

Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.

<h3>What is the total cost of borrowing?</h3>

The total cost of borrowing includes the bond discounts and the interest expenses.

In this case, the total cost of borrowing is $344,702.87. However, this is only the pre-tax cost.

<h3>Data and Calculations:</h3>

Face value = $800,000

Interest rate = 7%

Bonds proceeds = $767,320

Bonds discounts = $32,680 ($800,000 - $767,320)

Maturity period = 5 years

Market rate = 8%

Interest payment = quarterly

Quarter interest expense = $14,000 ($800,000 x 7% x 1/4)

N (# of periods) = 20 (5 x 4)

I/Y (Interest per year) = 8%

PMT (Periodic Payment) = $14,000 ($800,000 x 7% x 1/4)

FV (Future Value) = $800,000

<u>Results:</u>

PV = $767,297.13

Sum of all periodic payments = $280,000 ($14,000 x 20)

Total Interest = $312,702.87

Total cost of borrowing = $344,702.87 ($32,680 + $312,702.87)

Thus, Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.

Learn more about the total cost of borrowing at brainly.com/question/25599836

6 0

1 year ago