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S_A_V [24]
3 years ago
15

Cheryl knows that jake is looking to buy a new scooter. she sees one that would be perfect and negotiates with the seller on jak

e's behalf. she signs a contract for the scooter using her name but clearly indicating that she is working for jake. she actually is not. when jake sees the scooter, he loves it and agrees to pay the contract price. if agency exists in this situation, it is agency by:
Business
1 answer:
irina1246 [14]3 years ago
8 0
This is an example of agency by ratification.  This rises when an individual (the principal) approves (that is, ratifies and adopts) an act which has already been completed in his name and on his behalf by the agent, who actually, had no real authority (whether spoken or indirect) to act on the principal's behalf when the performance was completed.
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A company has the following transactions during the month of February. February 2 Pay $610 for radio advertising for February. F
timama [110]

Answer:

Please see the required journals below.

Explanation:

February 2 Pay $610 for radio advertising for February.

Debit Advertising Expense $610

Credit Cash $610

February 7 Purchase beauty supplies of $1,210 on the account.

Debit Supplies $1,210

Credit Accounts Payable $1,210

February 14 Provide beauty services of $2,450 to customers and receive cash.

Debit Cash $2,450

Credit Service Revenue $2,450

February 15 Pay employee salaries for the current month of $810.

Debit Salaries Expense $810

Credit Cash $810

February 25 Provide beauty services of $910 to customers on account.

Debit Accounts receivable $910

Credit Service Revenue $910

February 28 Pay utility bill for the current month of $210.

Debit Utilities Expense $210

Credit Cash $210

3 0
3 years ago
Read 2 more answers
According to the afl-cio 2009 report, death on the job: the toll of neglect, “the full extent of occupational injuries and illne
Dmitriy789 [7]
<span>This fact indicates that a number of the injuries and illnesses taking place while working are not being reported faithfully. This might be due to a reticence on the part of the employees regarding being found out about working while sick, or it could be that businesses are worried about excess costs associated with workplace injuries.</span>
3 0
3 years ago
Concord Corporation purchased a depreciable asset for $175700. The estimated salvage value is $14200, and the estimated useful l
kherson [118]

Answer:

the depreciation base of this asset is $161,500

Explanation:

Depreciation Base is the Value that is divided y the useful life to obtain the depreciation charge of an asset.

Depreciation Charge under straight line method is calculated as :

Depreciation = (Cost - Salvage Value)/Number of Useful Life

Therefore depreciation base of this asset is $175700 - $14200 = $161,500

6 0
3 years ago
If an organization wants to ensure the demand for services is accommodated, and builds in the ability to provision or de-provisi
LenaWriter [7]

Answer:

scalability

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this company has employed the concept of scalability. Like mentioned in the question Scalability is the ability to handle a growing amount of work by adding resources to the process or system.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
At May 1, 2020, Sheridan Company had beginning inventory consisting of 190 units with a unit cost of $7.30. During May, the comp
s2008m [1.1K]

Answer:

$6.71 per unit

Explanation:

The computation of average cost method is given below:-

Beginning Inventory

= 190 units × $7.30

= $1,387

Purchases

= 720 units × $7.30

= $5,256

Purchases

= 590 units × $5.80

= 3,422

Total units = 1,500

Total cost = $10,065

So, average cost per unit

Total cost ÷ Total number of units

= $10,065 ÷ 1,500

= $6.71 per unit

Therefore, to calculate the average cost per unit for May we simply divide 10,065 from 1,500

7 0
4 years ago
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