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spin [16.1K]
3 years ago
10

Bob, a salesperson at a Carpets Galore store, tells Dita, a customer, "Buy your carpet here, and I'll install it for half of wha

t the store would charge." Dita buys the carpet, which Bob installs for half the store's price. Bob keeps the money. Bob has breached
Business
1 answer:
monitta3 years ago
3 0

Answer:

Duty of Loyalty

Explanation:

  • The duty of loyalty, described as a duty, is the duty of a person to act in the best interests of their company, which is not to waste when the individual sees corporate opportunities for their personal benefit, avoid personal interest in transactions between the company and other parties, and keep company information private. .
  • The duty of loyalty that can be seen when Bata engages himself in an interested transaction for the sale of the carpet.

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As of December 31, 2019, Armani Company’s financial records show the following items and amounts.
MrRa [10]

Answer:

Revenue (Consulting revenue + Rental revenue)=33000+22000=55000.

Operating expense (salaries expense+rent expense)=20000+12000=32000

Selling and administrative expense = 8000

Explanation:

                                       Armani Company

                               Year end Income statement 2019

Revenue                                                                            = 55000

less: Operating expense                                                  =(<u>32000</u>)

                                            Gross Profit                             23000

less :Selling and administrative expense                         = (<u>8000</u>)

                                              Net profit                                  15000

Notes: Question should be mentioned the company nature of business so that we can identify company real business.

8 0
3 years ago
The private internet system that links government supercomputer centers and a select group of universities is called __________.
dlinn [17]
My best guess is "intranet" (NOT "internet").
8 0
4 years ago
Question 8
Darya [45]

Answer:

A

Explanation:

people have to make choice due to limited (opportunity cost)

3 0
3 years ago
An agreement to exchange dollar bank deposits for euro bank deposits in one month is a:_________
koban [17]

An agreement to exchange dollar bank deposits for euro bank deposits in one month is a <u>forward transaction.</u>

<h3>What is a forward contract?</h3>

A tailored agreement between two parties to purchase or sell an item at a predetermined price at a later date is known as a forward contract. Although its non-standardized nature makes it particularly suitable for hedging, a forward contract can be utilized for speculating or hedging.

A forward contract can be tailored to a commodity, amount, and delivery date, unlike typical futures contracts. Grain, precious metals, natural gas, oil, and even chicken are examples of traded commodities. Settlement of a forward contract may take place in cash or by delivery.

Forward contracts are categorized as over-the-counter (OTC) instruments because they are not traded on a centralized exchange. While the OTC nature of these products makes it simpler to adjust terms, the absence of a centralized clearinghouse also increases the chance of default.

Thus, it is a forward transaction that is used to exchange dollar bank deposits for euro bank deposits in one month.

For more information on <u>Forward Transaction</u>, refer to the given link:

brainly.com/question/28238316

#SPJ4

8 0
1 year ago
Which early farming tool removed the stalk and the grain from a husk of wheat? sickle scythe thresher mouldboard plow
tankabanditka [31]
A sickle because it was used during the Industrial Revolution
8 0
3 years ago
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