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IRISSAK [1]
4 years ago
14

If someone has a power of attorney to sign the purchase agreement on behalf of the seller, which of the following would be the p

roper way to sign?
a. Philip Adams, seller
b. Philip Adams, by Alice Jackson, his attorney in fact
c. Alice Jackson, attorney in fact for the seller
d. Philip Adams, by his attorney in fact
Business
1 answer:
maxonik [38]4 years ago
7 0

Answer:

b. Philip Adams, by Alice Jackson, his attorney in fact

Explanation:

A power of attorney is the legal document in which it allows someone to act on behalf of you. In this, the person has the authority to act on behalf of the other person with respect to the legal, financial matters, etc

Here the proper way to sign is the option B

Philip Adams, by Alice Jackson, his attorney in fact

Therefore all the other options are wrong

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Mercury Company reports depreciation expense of $46,000 for Year 2. Also, equipment costing $159,000 was sold for its book value
nexus9112 [7]

Answer: a. $35,000.

Explanation:

Given Data:

Starting Balance = $530,000

Closing Balance = $452,000

Depreciation expenses = $46,000

computing of cash received we need to balance the depreciation.

Accumulated depreciation = Starting balance of accumulated depreciation + depreciation expense - Closing balance of accumulated depreciation

= $530,000 + $46,000 - $452,000

= $124,000

subtracting this amount from the sale value of the equipment.

= $159,000  - $124,000

= $35,000

Cash received from sale of equipment is $35,000

5 0
3 years ago
Read 2 more answers
In the context of internal components of organizations, the _____ is the wide range of tools, knowledge, and/or techniques used
abruzzese [7]

Answer:

The correct answer is letter "C": Organizational technology.

Explanation:

Organizational technology refers to all the equipment -hardware and software- a company counts on to fasten, automate, and improve the firm's operations. This technology also includes unique strategies and knowledge in general that allow entities to have a competitive advantage.  

<em>Thanks to organizational technology companies can use inputs -such as raw materials- and transform them in intermediaries goods or products ready to be offered to end-consumers.</em>

4 0
3 years ago
Positive economics
Y_Kistochka [10]

Answer:

D: is the same as normative economics.

Explanation:

Positive economics is the same as normative economics that is the branch of economics that involves the summary as well as an explanation of economic events. It concentrates on events and behavioral connections of cause and effect and it too involves in the development and examination of economic principles. sometimes Positive economics is explained as the economics of what is'' while normative economics explains "what ought to be".

6 0
4 years ago
Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would in
Savatey [412]

Answer:

Debit to sales discounts for $100

Explanation:

Please see journal entry to record the sales below;

a. Dr accounts receivable $5,00

To sales revenue account $5,000

(Being merchandise that is sold on credit basis)

Suppose payment is made within 10 days, the journal entry will be;

Dr Cash account $4,900

Sales discount account $100

(5,000 × 2%)

To accounts receivable $5,000

(Being cash that is received)

8 0
3 years ago
When a 2/10 end of month discount is used on an invoice dated may 29, a discount is allowed if the invoice is paid by________
Hatshy [7]
Hi there! I think the answer is C, Hope this helps!:D














8 0
3 years ago
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