Answer:
1) Structure rewards/pay to be based on performance
2)Make them stakeholders/shareholders of the principal
Explanation:
The major principal/agent problem is the agent not acting in the best interest of the principal. Taking the steps above could minimize the problem
Answer:
<em>countries</em><em> </em><em>have </em><em>different</em><em> </em><em>laws,</em><em> </em><em>practices </em><em>and </em><em>regulations.</em>
Answer:
Balance of prepaid insurance: $2,475
Explanation:
On April 1, Teneit, Inc shall record the following journal entry in its accounts in respect of insurance premium paid for three years.
Debit Credit
Prepaid Insurance $3,300
Cash $3,300
At December 31, the following adjusting journal entry shall be recorded in the accounts of Tenity, Inc. in respect of insurance premium expense
Debit Credit
Insurance expense $825
(3,300*9/36)
Prepaid Insurance $825
So based on above two journal entries, the following shall be the balance of the prepaid insurance as at December 31:
Balance of prepaid insurance: $2,475
(3,300-825)
John Taylor's thumb rule is based on the notion that in order to assist the economy, it is necessary to produce at potential output, central banks are willing to tolerate <u>Positive rate of inflation</u>.
<h3>The Taylor Rule define as:</h3>
The Taylor Rule is a rule that ties a central bank's policy rate to inflation and economic growth. It was developed in 1993 by economist John Taylor and posits an equilibrium federal funds rate 2% higher than the yearly inflation rate.
<h3>What is rates of inflation?</h3>
Inflation is defined as an increase in the prices of goods and services purchased by households. It is calculated as the rate of change of such prices. Prices usually rise over time, but they can also fall (a situation called deflation).
<h3>Describe central banks: </h3>
A central bank, reserve bank, or monetary authority is an institution that manages a state's or formal monetary union's currency and monetary policy as well as its commercial banking system. In contrast to a commercial bank, a central bank has a monopoly on raising the monetary base.
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