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3 years ago

The legal authority of a salesperson normally is:

Business

2 answers:

Dvinal [7]3 years ago

6 0

Answer:

to solicit orders and get ratification and acceptance from his or her employer.

Explanation:

Legal authority is defined as the a provision of the law that carries the force of the law including statutes, rules, regulations, and court rulings.

So the legal authority of a person in a particular capacity is what he is legally allowed to do in a given transaction.

In this instance we are considering a salesperson. The legal authority of a salesperson is to solicit orders and get ratification and acceptance from his or her employer.

Goshia [24]3 years ago

4 0

Answer: D. to solicit orders and get ratification and acceptance from his or her employer.

Explanation: A salesperson is described as one whose job is to sell things, either in a shop/store or anywhere else. The legal authority of a salesperson normally is to solicit orders and get ratification and acceptance from his or her employer. The nature and extent of legal authority given to salespersons would depend on the type of product to be sold, as well as on the nature of the employer they represent but with the aim of assisting rather than hindering sales.

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In the context of stragetic planning the streagtic goals of an orgainzation represent concrete benchmarks that managers can use

Marta_Voda [28]

Answer:

a. True

Explanation:

For accomplishing the company objective, the planning plays a major role without planning the goals of the company could not able to achieve.

Also to measure the performance for each key, the benchmarks is also plays a vital role as it defines the difference between the standard performance and the actual performance

Hence, the given statement is true

7 0

2 years ago

FARO Technologies, whose products include portable 3 D measurement equipment, recently had 17 million shares outstanding trading

zysi [14]

Answer:

a. Market signaling studies suggest that the price of existing FARO shares will fall.

b. $60,000,000

c. 8.403%

d. $38.471

Explanation:

Given

New Shares: $200,000,000

Existing Shares: $17,000,000

Price per Share: 42

Because the stock of the FARO Technologies is overvalued at the current price

Expected Loss: 30% * New Shares Size

New Shares Size = $200,000,000 (given)

Expected Loss = 30% * $200,000,000

Expected Loss = $60,000,000

Percentage of the value of FARO’s existing equity = Ratio of New Expected Share Value to Existing Share Value

Expected Share Value = $60,000,000

Existing Share Value = Price per Shares * Existing Shares

Existing Share Value = 42 * $17,000,000

Existing Share Value = $714,000,000

Percentage of FARO's Existing Equity = $60,000,000 ÷ $714,000,000

Percentage = 8.403%

The price FARO should expect its existing shares to sell

= Price per Share (1 - Percentage of Existing Equity)

Price per Share = 42

Percentage Existing Equity = 8.403%

The price FARO should expect its existing shares to sell = 42(1-8.403%)

The price FARO should expect its existing shares to sell = 42(1-0.08403)

The price FARO should expect its existing shares to sell = 42 * 0.91597

The price FARO should expect its existing shares to sell = $38.47074

The price FARO should expect its existing shares to sell = $38.471 ----- Approximated

7 0

2 years ago

Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1st. Givens Brick Company signs a $600,000, 8%, 9-mon

NeTakaya

Answer:

The journal entry for the issuance and the proceeds of the note is shown below:

Explanation:

Cash A/c.........................Dr $600,000

Notes Payable A/c......Cr $600,000

The givens company received a amount of $600,000 from the bank, so cash is increasing and increase in cash is debited. Therefore, the cash account is debited. Whereas, the cash against a note payable, which increases the liability and any increase in liability is credited. Therefore, notes payable is credited.

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2 years ago

Modern Railways Co. operates a cargo railroad service between New York and Boston. A train owned by Modern Railways derails due

Verizon [17]

Answer: Special damages

Explanation: In simple words, special damages refers to the claim made by the injured person for the losses he or she suffered due to negligence of duty by the defendant.

In the given case, the train that is owned by the modern railways collided with a truck owned by craft co resulting in a loss of $100,000 of the former.

Hence if Craft co proves that the accident happened due to the negligence from the side of modern railways then they can claim special damages.

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2 years ago

Bugle Corp. approved a plan of merger with Stanley Corp. One of the determining factors in approving the merger was the strong f

lesya [120]

Answer:

A). Failed to exercise due care.

Explanation:

As per the given details, Bugle Corp. needs to prove that Dennis & Co. failed to exert the required care which it was supposed to exercise while auditing the financial statements of Stanley Corp. <u>This failure led Bugle Corp. to suffer major losses and thus, they must be accountable for this loss under the general law as they ignored the potential hazards</u>. Legally, this is unlawful as they were expected to ensure that these hazards must have addressed and told Bugle Corp. on time but since they failed, they are guilty of the crime. Hence, <u>option A</u> is the correct answer.

4 0

2 years ago