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ioda
3 years ago
5

Sasha is an agent for ABC Insurance Company. Under her agent contract, she is allowed to use the company's logo on her office do

or and on her business cards. What authority type does this illustrate?
Business
1 answer:
Nikitich [7]3 years ago
8 0

Answer: Express authority

Explanation: Express authority is when an agent has permission under a contract to act on a principal's behalf. This can come in the form of writing or orally. In terms of Sasha, who is an agent for ABC insurance , her contract states that she is allowed to use the company's logo for her business cards and to put on her office door. This means that the contract specifically gives her permission to do so. This is expressive, as the principal has granted Sasha, the agent, permission to do this under her contract.

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Answer: d. 8.0%

Explanation:

The Stated Annual Rate of Interest on a bond refers to the coupon rate which is the amount that the company promises to pay on the bond pay period.

Looking at the question, the company is paying $400 every 6 months on the $10,000 bonds . The interest therefore is;

= 400/10,000

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This 4% should be stated in annual terms so;

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7 0
3 years ago
Food, shelter, and clothing are examples of:
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Answer:

d

Explanation:

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3 years ago
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Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a u
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Answer:

Great Adventures

Journal Entries on July 1, 2022:

Debit Equipment Account with $12,000

Credit Cash Account with $12,000

To record the purchase of a used Suburban.

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No Journal Entry Required in July.

Explanation:

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