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3 years ago

An outside broker locates a seller for a buyer representative's client. In this instance, the outside broker is acting as

Business

1 answer:

zmey [24]3 years ago

4 0

Answer:

He is acting as a sub-agent. The sub-agent, just like the representative of the buyer, is an agent and owes a duty to care and act as an agent for the buyer representive.

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A consumer goods company segments its markets on the basis of purchase patterns of their customers. The company groups its produ

Inga [223]

Answer:

Segmentation based on product usage

Explanation:

This is the process where by a Market research is carried out to know the frequency of the customers product usage there by allowing the company to be able to align its product with the given statistics. In other to push up the product usage advertisement campaigns are made to let the customers understand new uses of the products.

4 0

3 years ago

Southeast Airline had retained earnings of $1.5 million, sales of $5 million and net income of $0.5 million this year. It also p

tatyana61 [14]

Answer:

$1.86 million

Explanation:

Given the above data, we can calculate the retained earning for next year to be;

Retained earning this year end = $1.5 million retained earning at the beginning + $0.5 million net income - $0.2 million dividends

= $1.8 million

8 0

3 years ago

When determining if an email is valid or not, you should…?

Murrr4er [49]

There are a lot of ways that you can do to determine if an email address is a valid one or a fake one. You can either send a message to the email address, search it on the internet, or check it on some email verification websites. However, one of the best ways that you can do is that you should check the location of the email address. By doing this method, you will be able to determine where it came from which will prove that it is a valid email address.

4 0

3 years ago

A newly issued 10-year maturity, 4% coupon bond making annual coupon payments is sold to the public at a price of $800. What wil

madam [21]

Answer:

40 dolllar for interest income

Explanation:

The taxable income will be the interest for the annual coupon payment:

$1,000 face value x 4% = $40

The purchase price will be considered for taxation purpose under capital gain if the bond is sold which is not the case. Thus, we must only determinate taxes considering the interest income from the coupon payment.

6 0

4 years ago

Vibrant Company had $980,000 of sales in each of three consecutive years 2016–2018, and it purchased merchandise costing $540,00

Ray Of Light [21]

Answer:

(1)$440,000 (2) due to this error in inventory it had an effect on both years 2016 and 2017 because closing inventory of previous year will be opening inventory of the subsequent year.

Explanation:

Solution

Given that:

(1) The correct amount of gross profit in each of the years 2016-18 is given as follows:

The Gross profit = Sales- purchases +closing inventory-Inventory at beginning

The Gross profit = $980,000-540,000+280,000-280,000 =$440,000

(2)The Comparative income statement to show the effect of error in cost of goods sold of vibrant company is shown below:

Particular 2016 2017 2018 3 years total

Sales $980,000 $980,000 $980,000 $2,940,000

Cost of goods sold

Purchases $540,000 $540,000 $540,000 $1,620,000

add :Beginning inventory:

$280,000 $260,000 $280,000 280,000

Less: Closing inventory:

($260,000) ($280,000) (280,000) (280,000)

Total Cost of goods sold:

$560,000 $520,000 $540,000 $540,000

Gross profit $420,000 $460,000 $440,000 $440,000

For this error in inventory it had an effect on both years 2016 and 2017 because closing inventory of previous year will be opening inventory of the subsequent year.

5 0

3 years ago