Is this something your working on?
Answer: Proxy
Explanation:
The proxy agreement is one of the type of legal or the authorized act which is done of the behalf of another person. By using this type of agreement we can easily done various types of legal formalities in the business management firm.
The proxy agreement should in the written format and specifically signed by the other member or party in the management. The proxy agreement is valid 10 months starting from the the date of issue.
According to the given question, the agreement between the Philip and the Roscoe is basically know as the proxy agreement in the corporation.
Therefore, Proxy is the correct answer.
Answer:
Option (b) is correct.
Explanation:
Given that,
Balances at June 30, the end of the fiscal year:
Sales = $10,800
Sales Returns and Allowances = $400
Sales Discounts = $200
Cost of Goods Sold = $5,000
Net sales for the month:
= Sales - Sales Returns and Allowances - Sales Discounts
= $10,800 - $400 - $200
= $10,200
Therefore, the net sales for the month of June is $10,200.