1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iogann1982 [59]
3 years ago
11

Which of the following is necessary to create an agency relationship? a. consideration b. an agent with contractual capacity c.

a ratification by the principal d. none of the above
Business
1 answer:
Verizon [17]3 years ago
3 0

Answer:

The correct answer is letter "D": none of the above.

Explanation:

To create an agency relationship an express or implied agreement between the <em>principal </em>(stakeholder) and the <em>agent </em>(manager) must be given. In the agreement, the agent agrees to be subject to the principal's control which generates a fiduciary relationship -trust, confidence relationship.

You might be interested in
In 2017, John opened an investment account with Randy Hansen, who held himself out to the public as an investment adviser and se
yulyashka [42]

Answer:

The relevant tax issues are as follows:

- Is the loss a theft loss or an investment loss?

- Is the loss subject to either the personal loss limits or the limits on itemized deductions?

- How is the amount of the loss determined?

- In which year can the loss be taken?

- Is there a way to receive a tax benefit for the full amount of income recognized in prior years?

The irrelevant tax issue is:

- Did John have other casualty or theft losses within the last five years?

Explanation:

In this scenario John invested and provided Randy with a power of attorney to use $200,000 to purchase and sell securities on his behalf.

The earnings were to be reinvested, but John realised in 2020 that Randy was running a Ponzi scheme and his account was zero.

As John will most likely not be possible a casualty loss may be allowed.

Since the loss happened in 2017 when he invested the theft loss will be deducted in that year.

He will be able to deduct his losses under 165.

Deductions are allowed for losses in a tax year that is not covered by insurance.

Losses that can be claimed are limited to:

- Losses in business or trade

- Losses in transactions for profit

- Losses as a result of theft, fire, storm, or shipwreck.

5 0
3 years ago
The lifo cost flow assumption assumes that the cost of items purchased ______ are the costs that will be transferred first to co
kkurt [141]
Answer:
-Latest
-Income Statement
3 0
2 years ago
Part 1 Ken is the produce manager at saying way a large Supermarket that is part of a national chain. After completing a few man
Dvinal [7]

The people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers.

<h3>Who is a manager?</h3>

It should be noted that a manager simply means an individual who oversees the team in a company and ensures that the goals of the company are achieved.

In this case, Ken is the produce manager at saying way a large Supermarket that is part of a national chain and after completing a few management courses offered by his employer, as well as five years of service at the supermarket, he is up for a promotion to assistant manager and is about to negotiate his new salary.

In this case, the people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers. This was illustrated in the information.

Learn more about manager on:

brainly.com/question/24553900

#SPJ1

4 0
1 year ago
Other things held constant, which of the following events is most likely to encourage a firm to increase the amount of debt in i
True [87]

Answer: Option (c) is correct.

Explanation:

Correct Option: The corporate tax rate increases.

If there is an increase in the corporate tax rate then this will induce the firms to increase the amount of their debt. This is due to the fact that the firms with more debt are going to pay less tax because of the large interest expense. Due to large interest expenses, their income before tax reduces.

Hence, large corporate taxes encourage firms to increase the amount of debt. Therefore, the firms with no debt pays higher taxes than the firms with higher amount of debt.

8 0
3 years ago
Which of the following are examples of reportable incidents? choose all that apply
Andrews [41]

Answer:

a healthcare provider failing to respond to a patient’s alarm

a malfunctioning heart monitor

a healthcare provider’s unexplained absence

4 0
2 years ago
Other questions:
  • If a corporation offers 1,000 shares of stock and you buy 300 shares:
    9·1 answer
  • Which of the following analytical techniques is designed to output the best decision?
    6·1 answer
  • Taft Company had no beginning work in process inventory. Its total manufacturing costs for the year were $858,000. If cost of go
    12·1 answer
  • Magnet Dot, a printer manufacturing company, set up a website to enable its customers to place orders online. It also set up an
    6·1 answer
  • An economy is operating with output $400 billion below its natural level, and fiscal policymakers want to close this recessionar
    7·1 answer
  • In one version of the experiment, the professor plans to put a ceiling of $11 on prices. That is, no one will be permitted to su
    5·1 answer
  • If the company budgets to need 4000 units to sell for a month, has a beginning inventory of 1000 units and a desired ending inve
    7·1 answer
  • Problems of privatization?
    5·1 answer
  • Match each type of lending institution to its description.
    15·1 answer
  • At the end of the closing process, Income Summary will hold a balance.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!