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Elan Coil [88]
3 years ago
10

An agency relationship can degenerate into an agency conflict when an agent acts in a manner that is not in the best interest of

his or her principal. In business, these conflicts most frequently involve the enrichment of the firm's executives or managers (in the form of money and perquisites or power and prestige) at the expense of the shareholders. This usurping of shareholder wealth is most likely to occur when shareholders do not have sufficient information about the decisions and actions being made by the firm's management.
a) Consider the following scenario and determine whether an agency conflict exists:
Daniel owns Daniel's Tantalizing Tees, a T-shirt shop in a small college town in Kansas. With a staff of three part-time employees, Daniel operates the business in accordance with his personal goals, dreams, and capabilities.
1. Does Daniel have an agency conflict to deal with?
O No; by having part-time, as opposed to full-time, employees, Daniel is prevented from experiencing an agency conflict.
O Yes; as both the owner and operator of Daniel's Tantalizing Tees, Daniel has created the necessary agency relationship through which an agency conflict can exist.
O No; as both the owner and operator of Daniel's Tantalizing Tees, Daniel has not created the necessary agency relationship through which an agency conflict can exist.
O Yes; there is always an inherent conflict of interest between owners and operators (managers).
Business
2 answers:
AysviL [449]3 years ago
8 0

Answer: she

Explanation: 3745

liubo4ka [24]3 years ago
6 0

Answer:

O No; as both the owner and operator of Daniel's Tantalizing Tees, Daniel has not created the necessary agency relationship through which an agency conflict can exist.

Explanation: Agency Conflict is a conflict of interest that exists between the owners of a business and their managers of the business.

DANIEL IS BOTH THE OWNER OF THE BUSINESS AND THE MANAGER OF THE BUSINESS,DANIEL HAS NOT CREATED ANY OPPORTUNITIES FOR AGENCY CONFLICTS BECAUSE DANIEL MANAGES THE BUSINESS ACCORDING TO THE WISH OF HIMSELF WHO IS THE OWNER AND THE MANAGEMENT WHO IS ALSO HIMSELF.

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abruzzese [7]

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it will help you to know what the producer wants

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The correct answer is aesthetic.

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In this case, Alexandria has noticed a change in the design, which may affect your purchase decision, because you may have preferences towards a specific color.

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xyz company recently signed a lease on their new office space. as part of the lease agreement, they must pay for property's real
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If they must pay for property's real estate taxes and premiums for insuring the building. The type of lease xyz company sign is:<u> Double net lease.</u>

<h3>What is Double net lease?</h3>

Double net lease can be defined as form of agreement that occur between a tenant and a landlord were the tenant agrees to pay for the cost of rent while the landlord on the other hand agrees to pay for operating expenses incurred by the tenant.

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On March 1, it was discovered that the following errors took place in journalizing and posting transactions:
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Answer:

a. Reversal entry:

Debit Rent expense $4,650

Credit Miscellaneous Expense $4,650

Correct Entry:

Debit Rent expense $4,650

Credit Cash $4,650

b. Reversal entry:

Debit Accounts payable $3,700

Credit Cash $3,700

Correct Entry

Debit Cash $3,700

Credit Accounts Receivable $3,700

Explanation:

Reverse entry is to simply close to zero the original entry that has been made in mistake. Afterwards, record the correct entry to properly account the transaction.

To reverse the previously made entry, we simply debit what is credited and debit what is credited.

a. We need to close the rent expense credited by debiting it and credit the miscellaneous expense that is previously debited to zereod out the mistake recording. Then to record the correct entry, Debit Rent expense and Credit Cash at the amount $4,650

b. Just ike what we did on the previous transaction, we will debit the Accounts payable and credit the cash that has been recorded by mistake to zereod out the balance and then make the correct entry. Debit Cash $3,700 and credit Accounts receivable $3,700.

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