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lakkis [162]
3 years ago
14

Ann is interested in purchasing Ted's factory. Since Ann is a poor negotiator, she hires Mary to negotiate the purchase price. I

dentify the parties to this transaction.
a) Mary is the principal and Ann is the agent.
b) Ted is the principal and Ann is the agent.
c) Mary is the agent while Ted and Ann together are principals.
d) Ann is the principal and Mary is the agent.
Business
2 answers:
ad-work [718]3 years ago
7 0

Since Mary is hired to do the negotiations, the answer D.) is correct.

weqwewe [10]3 years ago
3 0

Answer:

d) Ann is the principal and Mary is the agent.

Explanation:

In the given condition, Ann is unable to do negotiate so she hires Mary who works for Ann.  

Ann is the principal as she is interested to purchase Ted's factory which represents the main role of the agreement. Without Ann, the agreement would not be completed whereas Mary is the agent as she does the negotiations on behalf of Ann.  

Hence, option d is correct

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Swifty Corporation incurs the following costs to produce 9900 units of a subcomponent:
MrMuchimi

Answer:

The net income will increase by $6,712 if the subcomponent is purchased.

Explanation:

Giving the following information:

Swifty Corporation incurs the following costs to produce 9900 units of a subcomponent:

Direct materials $8316

Direct labor 11187

Variable overhead 12474

Fixed overhead 16200

Total cost= $48,177

An outside supplier has offered to sell Swifty the subcomponent for $2.85 a unit.

Swifty could avoid $3000 of fixed overhead by accepting the offer.

We need to calculate the total cost of buying the subcomponent:

Buy:

Total cost= 9,900*2.85 + (16,200 - 3,000)= $41,415

The net income will increase by $6,712 if the subcomponent is purchased.

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3 years ago
2 economy questions ..
kenny6666 [7]
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3 0
3 years ago
Automated retailing occurs when a consumer goes into a store to learn about different brands and products and then searches the
Grace [21]

Answer:

False

Explanation:

The scenario described above is called Showrooming, where customers just go to a store to find out about various products. They do not buy and look for alternative cheap options.

On the other hand, automated retailing occurs when products are stored in a machine that can dispense to customers.

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A company uses the following standard costs to produce a single unit of output. Direct materials 7 pounds at $0.60 per pound = $
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Answer:

Direct material price variance= $20,100 unfavorable.

Explanation:

Giving the following information:

Direct materials 7 pounds at $0.60 per pound = $ 4.20

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Direct material price variance= (standard price - actual price)*actual quantity

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