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.
A recent Harris poll reported that 82 to 91 percent of customers say that they will never return to a business after a negative customer service experience. The percentage of customers decision for never returning to a business due to a bad experience varies according to the industries. The range of the percentage is 82 to 91 percent.
Answer:
The correct option is D,$402,000.
Explanation:
In determining the cash flow provided by operating activities,we need to adjust the net income for effects of non cash items reported.It is important to note that the reverse of the earlier treatment of the items is what is required now.For instance depreciation and amortization were deducted in income statement,for cash flow purposes we need to add both to net income.
Net income $315,000
add depreciation $90,000
amortization $15,000
loss on sale of equipment $9,000
less gain on sale of building($27000)
Cash flow from operations $402,000
The cash flow from operating activities as adjusted is $402,000.
Answer: $5,000
Explanation:
Going by the Accrual principle in accounting, revenue is only to be recognized when earned. This means that revenue from services performed in October and revenue from services to be performed in December, will not be part of revenue reported in November.
Revenue to be recorded in November income statement = Billed $3,950 to customers for services performed on account in November + Received $1,050 cash for services performed during November
= 3,950 + 1,050
= $5,000
