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
Answer:
The total cost of operating the Maintenance Department for the current period is $29,580
Explanation:
In order to calculate The total cost of operating the Maintenance Department for the current period we would have to calculate first the Overhead allocated to Maintenance from Payroll department as follows:
Overhead allocated=Payroll overhead×(Maintenance payroll personnel/Total personnel)
Overhead allocated=$ 20,400×(15/15+15+45)
Overhead allocated=$4,080
Therefore, to calculate the The total cost of operating the Maintenance Department for the current period we would have to use the following formula:
Total cost of operating Maintenance Department=Overhead allocated+Direct overhead incurred
Total cost of operating Maintenance Department=$4,080+$25,500
Total cost of operating Maintenance Department=$29,580
The total cost of operating the Maintenance Department for the current period is $29,580
Answer:
monthly payments will be $2,302
Explanation:
This question requires us to calculate the monthly payments (PMT) on the mortgage with the following data ;
PV = ($440,000 - $30,000) = $410,000
N = 30 x 12 = 360
P/yr = 12
I = 5.4%
FV = $ 0
PMT = ?
Using a Financial Calculator to input the data as above, the PMT can be determined as $2,302. Therefore, the monthly payments will be $2,302.
Notes
Important to note that we remove the down payment of $30,000 from the principle amount. There is no time value of money effect on this amount.
Also compounding is done monthly thus there are 12 period in the year
Answer:
- A. Working capital will remain the same at $18,964,118
- C. Chesters' long-term debt will rise by $9,000,000
- E. Total liabilities will be $139,957,573
Explanation:
You included no balance sheet for Chester so I will answer based on inference.
Option A is most likely correct because Working capital relates to Current Assets less Current liabilities so Plant and Equipment (fixed assets) and bonds (long term liabilities) will not affect it.
Total assets rising to $235,525,291 is also quite possible if the assets were previously $225,525,291 so just check for that but this is most likely correct.
Option C is wrong because the long term debt should rise by $10,000,000 which is the value of the bonds.
Option D is wrong as well as this relates to long term bonds not investment by shareholders.
Total liabilties rising is probably correct if the current figure on the balance sheet is $129,957,573 because that would mean that it increased by $10,000,000 which is the price of the bond.
So just check your given balance sheet for Options C and E for my notes and if correct, they are your answers as well as A.
Answer:
phan tich most truong kinh doanh nham