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kifflom [539]
2 years ago
12

Wayne grants his cousin, Vinnie, a franchise in Wayne's local sandwich shop. Wayne writes the agreement so that he controls ever

y detail of Vinnie's shop such that it is exactly the same as the original shop. He even consults with Vinnie about hiring employees and safety practices. One of Vinnie's employees fails to clean up a spill and a customer is injured. Wayne may be liable to the customer under.......................
Business
1 answer:
aliya0001 [1]2 years ago
3 0

Answer:

<u>Agence law.</u>

Explanation:

Agency law can be defined as an area of ​​commercial law that deals with the relationship between a party that has legal authority to act in place of another, called an agent.  The agent can be an individual, or some partnership or corporation. The agent deals with contractual, almost contractual and non-contractual fiduciary relationships.

The powers of the agency's law are to deal with contractual, almost contractual and non-contractual fiduciary relationships involving an agent.

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The lot is 150 feet by 90 feet. The fence is to be 8 feet tall. cost for the fence is $4.50 per linear foot, plus $.75 per squar
creativ13 [48]

Answer:

The total cost of the fence is $5,040

Explanation:

For computing the total cost of the fence, the following steps are needed which is shown below:

Step 1: First we have to find the linear of the feet which is equals to

= 2 × (sum of feet)

= 2 × (150+90)

= 480

Step 2: Now multiply the linear with the cost of the linear foot which equals to

= Linear value × cost of fence per linear foot

= 480 × $4.50

= $2,160

Step 3: compute the value of fence which is 8 feet tall

So, the value is = Linear × tall feet = $480 × 8 = $3,840

Step 4: Now, multiply step 2 with the labor square foot

So, the value is = $3,840 × 0.75 = $2,880

Step 5: Finally, add step 2 and step 3

So, the value is = $2,160 + $2,880 = $5,040

Hence, the total cost of the fence is $5,040

4 0
3 years ago
What is the difference between federal purchases and federal​ expenditures?
Pani-rosa [81]
What is the difference between federal purchases and federal​ expenditures? F<span>ederal purchases require that the government receives a good or service in​ return, whereas federal expenditures exclude transfer payments. In this case, another way to remember the two are that federal purchase requires a purchase to be made for a good or service. A federal expenditure requires no purchase to be made but a transfer of payments to happen. </span>
5 0
3 years ago
The following transactions were completed by the company
Pavel [41]

Answer:

The Accounting Equation is As follows:

Assets = Liabilities + Stockholder's Equity

Statement (a)

With the cash collected there will be increase in assets by $6,700

And with the recognition of revenue there will be increase in stockholder's equity as retained earnings will increase by the amount $6,700,

Assets increase $6,700  = Liabilities + Stockholder's equity increase $6,700.

Statement (b)

Revenue is recognized and with that retained earnings will increase, and accordingly stockholder's equity will also increase by $5,200,

As the cash is not realized now, accounts receivables increase and accordingly, assets increase by $5,200.

Statement (c)

Cash paid as wages will reduce cash and accordingly assets by $2,000,

Also , with the recognition of expense, retained earnings will reduce and accordingly stockholder's equity will reduce by $2,000.

Statement (d)

This will increase the cash and decrease the accounts receivable by $2,600.

Thus on the assets side there will be + $2,600 and - $2,600 making it neutral.

No effect on the right side, as net effect on left side of equation = 0

Statement (e)

Cash paid for cleaning expense will decrease assets by $940,

And also this will decrease retained earnings and accordingly stockholder's equity will decrease by $940.

4 0
3 years ago
Read 2 more answers
5 year plan example for high school seniors
SOVA2 [1]

\huge{ \underline{ \underline{ \mathtt{ \purple{A} \pink{N} \green{S} \blue{W} \red{E} \orange{R}}}}}♡

A five year plan is a list of priorities you would like to accomplish over the next several years. As well as actions you can take when you make mistakes, so that you can still meet those goals.

Hope it helps ♡♡

7 0
2 years ago
Required information Use the following information for the Exercises below. Skip to question [The following information applies
Lyrx [107]

Answer:

Follows are the solution to this question:

Explanation:

In point A:

The estimated amount of uncollectible allowance =\$ \  635,000 \times 4 \% = \$ \ 2,540,000

In point B                                    Journal

Titles and descriptions of accounts         Debit          Credit         Calculation    

Expenditure on bad debts                \$ \ 2,526,700

Doubted debt allowance                          \$ \ 2,526,700 \  \   (\$ \ 2,540,000 - \$ \ 13,300)

(Bad Debts Expense recorded)  

In point C                                         Journal

Titles and descriptions of accounts         Debit          Credit         Calculation    

Expenditure on bad debts               \$ \ 2,553, 300

Doubted debt allowance                        \$ \ 2,553, 300     \ \ \ \ (\$ \ 2,540,000 + \$ \ 13,300)    

(Bad Debts Expense recorded)  

5 0
3 years ago
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