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3 years ago

What is not a duty the agent owes the principal?

Business

1 answer:

Likurg_2 [28]3 years ago

7 0

Answer:

superior competence

Explanation:

Superior competence is a skill an agent is expected to display in a resonable manner in any situation.

An agent is a person appointed by the principal and one who links the principal to the third party while principal is someone who appoints an agent to act on its behalf.

An agent is not superior to the principal. In other words, an agent is expected to act reseanably at all times in accordance with the terms of his contract with the principal.

Some of the duties of an agent to his principal are

- reasonable care and skill

-duty not to delegate

-avoid conflict of interest

-act within the scope of powers and authority delegated to him

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The period manufacturing costs of a company is comprised of $2,000,000 in direct materials, $1,000,000 in direct labor, and $500

shutvik [7]

Answer:

The Direct material cost per unit is = 285.714 per unit

The Direct labor per unit is= 142.857 per unit

The Overhead cost per unit is = 71.4285 per unit

Explanation:

Solution

We recall that:

The total direct material= $2000000

The total direct labor= $1000000

The units in products = 7000 units

The total Overheads= $500000

Now,

The direct materials on machinery is = $ 800,000(40%)

The direct labor on machinery is= $ 600,000(60 %)

The machinery on overheard is = $ 250,000(50 %)

The direct materials on assembly is = $ 1200,000

The Direct labor on assembly is = $ 400,000

The Overhead on assembly is = $ 250,000

Thus,

The hybrid manufacturing cost statement is represented or shown below

Particular Machinery (40%)in $ Assembly (60%)in $ Total in $

Now,

Particular = Direct material,

Machinery (40%)in $ = 800000

Assembly 60% in $ = 1200000

Total in $ =2000000

Grand total = 1650000

Particular = labor

Machinery (40%)in $ = 600000

Assembly 60% in $ = 400000

Total in $ = 1000000

Grand total = 1850000

Particulars = Overhead

Machinery (40%)in $ =250000

Assembly 60% in $ = 250000

Total in $ = 500000

Grand total = 3500000

Thus,

The Direct material cost per unit = 2000000/7000 = 285.714 per unit

The Direct labor per unit = 1000000/700 = 142.857 per unit

The Overhead cost per unit = 500000/7 = 71.4285 per unit

3 0

3 years ago

The manufacturing cost of the widgets your company makes has dropped by 50%. One of your customers, Sam, tells you he knows this

olga_2 [115]

Based on the above scenario, the answer is No. I would not tell Sue, because manufacturing cost falls under business's internal factors that tends to affect firm's profitability.

<h3>What is discount?</h3>

Others are:

Also note that if i tell her, my actions will be found to be ethically incorrect.

The term discount is known to be an act or process where a price of product or services are reduced prices to a price lower than the exact sum of that item.

Note that Based on the above scenario, the answer is No. I would not tell Sue, because manufacturing cost falls under business's internal factors that tends to affect firm's profitability.

Learn more about discount from

brainly.com/question/1548141

#SPJ1

4 0

2 years ago

Where a producer chooses the intensity level of its market coverage, which level is chosen to utilize the “shotgun” approach?

dsp73

Answer:

The level that utilizes the "shotgun" approach to market coverage is:

Intensive Distribution (mass coverage).

Explanation:

This marketing approach aims to reach many consumers through as many sales channels as possible. In this situation, consumers have easy access to the goods or services. The other approaches include Selective Distribution (where few outlets in specific locations are selected for the distribution of the goods and services) and Exclusive Distribution (where limited outlets are chosen because of the target market).

6 0

3 years ago

A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his studen

Nady [450]

Answer:

Highly inelastic

Explanation:

Price elasticity of demand is a measure of the demand of a given service or commodity by utilizing it's price change. It can be calculated using the formula;

Price elasticity of demand=%change in quantity demanded/%change in price

%change in quantity demanded=((Final demand-Initial demand)/Initial demand)×100

((299-300)/300)×100=-0.33%

%change in price=12%

12%>0.33%

The change in price is larger than the change in demand, therefor the product is highly inelastic

3 0

3 years ago

Santiago Delgado owns a copier store. He leases two copy machines for which he pays $20 each per day. He cannot increase the num

m_a_m_a [10]

Economic theory and the data in the table show that the average total cost curve and the marginal cost curve are related in that the MC curve passes through the minimum point of the ATC curve.

<h3>What is the relationship between the MC and ATC curves?</h3><h3 />

The data given by the table (which is accurately filled up) shows that the MC curve will intersect the ATC curve at its lowest point.

We see this from the fact that before the lowest ATC of 0.107, the marginal cost was less than the ATC. After the lowest ATC however, the marginal cost becomes higher than the ATC.

This shows that the MC curve intersected the ATC at its lowest point of 0.107 and then kept rising above it.

Find out more on the MC curve at brainly.com/question/9335427.

4 0

2 years ago