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marta [7]
4 years ago
15

When Nancy's aunt left for her annual Christmas vacation, she left Nancy in charge of her coffee shop. During this time, there w

as a riot in the city and the door of the café got damaged. Under such circumstances, Nancy can make necessary repairs if she cannot reach her aunt for further instructions because she has:_________.
A. express authority.
B. power of attorney.
C. apparent authority.D. inherent agency power
Business
1 answer:
lesantik [10]4 years ago
3 0

Answer:

inherent agency power

Explanation:

pls mark brainliest

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Income Statement Wayne Corporation had the following revenue and expense account balances (in millions) for a recent year ending
stiv31 [10]

Answer:

                                       Income Statement

Revenue                                                                 $24,698

Expenses

Salaries and employee benefits      $8,815

Purchased Transportation                $1,203

Fuel Expense                                     $3,228

Rental and landing fees                     $1,748

Depreciation Expense                       $925

Maintenance and repairs expense   $1,573

Provision for income taxes                $805

Other expense (revenue) net            <u>$4,995</u>

Total Expenses                                                        <u>$23,292</u>

Net Income                                                               <u>$1,406</u>

5 0
3 years ago
If the price of money (e.g., interest rates and equity capital costs) increases due to an increase in anticipated inflation, the
goldenfox [79]
It may be true but double check
7 0
3 years ago
Hawke Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019 $
sdas [7]

Answer:

2019:- 62000 Income ; 2020:- 24000 loss ;  2021:- 43000 Income

Explanation:

Assets - Liabilities = Capital   (Closing / Opening both)

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

(Opening Capital = 1st Jan , Closing Capital = 31st Dec) here

2019

Closing Capital = Closing Assets - Closing Liabilities  

400000 - 250000 = 150000

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

= 150000 - 100000 + 12000 =  62000 Income

2020

2020 Opening Capital = 2019 Closing Capital = 150000

Closing Capital =  Closing Assets - Closing Liabilities  

460000 - 300000 = 160000

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

160000 - 150000 - 34000 = 24000 loss

2021

2021 Opening Capital = 2020 Closing Capital = 160000

Closing Capital =  Closing Assets - Closing Liabilities  

590000 - 400000 = 190000

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

190000 - 160000 + 25000 - 12000 = 43000 Income

4 0
3 years ago
On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the
Arada [10]

Answer:

The correct answer is:

Debit: Account receivable $5,800

Credit: Sales revenue $5,800

Debit: Cost of goods sold $4,000

Credit: Merchandise inventory $4,000

Explanation:

On 1st May

Upon sale of inventory on credit

Debit: Account receivable $5,800

Credit: Sales revenue $5,800

On 1st May

To record cost of goods sold of merchandise inventory:

Debit: Cost of goods sold $4,000

Credit: Merchandise inventory $4,000

5 0
4 years ago
ane is planning to offer a Groupon for inner tube rentals that she will distribute on hot, sunny, summer days by the river that
sweet [91]

Probability assigned:|

x 30 60 120 180

P(x) .10 .40 .40 .10

Answer:

Jane

Price of Groupon for a revenue of $300 is:

$3

Explanation:

a) Data and Calculations:

Expected Sales volume:

Number of Tubes  x   30     60      120     180

Probability P(x)           .10     .40      .40      .10

Expected values          3      24       48       18

Total = 93 tubes

Groupon price = $300/93 = $3.23

b) Jane's price for each Groupon will be the rent revenue per day divided by the expected number of tubes to rent daily.  The expected number of tubes is derived by multiplying each expected number of tubes by its probability and then summing up the results.

6 0
3 years ago
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