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luda_lava [24]
3 years ago
15

Jody is an agent for Kwik Credit Company (KCC). In the course of Jody's performance for KCC, Jody pays Leo for certain auto main

tenance and repair services. Jody's right to obtain the amount of those payments from KCC arises under the principal's duty of:
Business
2 answers:
DaniilM [7]3 years ago
4 0

Answer:

Answer is reimbursement.

Refer below.

Explanation:

Reimbursement is the demonstration of remunerating somebody for a cash based cost by giving them a measure of cash equivalent to what was spent.

Serjik [45]3 years ago
3 0

Answer:

D. Reimbursement

Explanation:

A principal may be defined as a company's agent dealing with a contractor. The principal has the duty to reimburse an agent for the amount of money used up while carrying out his/her duty. Reimbursement may be from expenses like cost of travelling, cost of meals, cost of lodging and so on. In other words, if an agent makes authorized spending while doing a job for the principal, the principal has the duty to reimburse the agent for the money spent.

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a decline in discpsable incomeAssume a machine that has a useful life of only one year costs $2,000. Assume also that net of suc
Vlad1618 [11]

Answer:

The firm should purchase the machine.

Explanation:

let the expected rate of return be x :

x = 2000 + 20000x% = 2300  

= 300/20

= 15%

Therefore, The expected rate of return (15%) exceeds interest rate (10%) of fund, the firm should purchase the machine.

6 0
2 years ago
If a fixed asset, such as a computer, were purchased on January 1st for $3,750 with an estimated life of 3 years and a salvage o
damaskus [11]

Answer:

2. EOM Depreciation Expense 100 Accumulated Depreciation 100

Explanation:

The journal entry to record the monthly expense under straight-line depreciation is shown below:

EOM Depreciation Expense A/c Dr $100

      To Accumulated Depreciation A/c $100

(Being depreciation expense is recorded)

The computation is shown below:

= (Purchase value of a fixed assets - estimated residual value) ÷ (useful life × total number of months in a year)  

= ($3,750 - $150) ÷ (3 years × 12 months)  

= ($3,600) ÷ (36 years)  

= $100

4 0
3 years ago
If each of two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, the total re
Umnica [9.8K]

Complete Question:

If each of two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, the total result is

Group of answer choices:

A. they will both increase market share.

B. they will simply neutralize one another's efforts.

C. they will both lose market share.

D. they will both improve their industrial position.

Answer:

B. they will simply neutralize one another's efforts.

Explanation:

If each of two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, the total result is they will simply neutralize one another's efforts.

A monopolist can be defined as an individual who is engaged in selling a unique product in a market without any competitor. Also, a monopolistic competition involves various firms engaged in monopoly competes with one other, but selling products that are unique and distinct from the other.

Hence, when two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, this would result in one monopolist effort canceling or nullifying the effort of the other. This simply means that, it would have been as though none of them had made any effort at all because they were both involved in doing the same thing. Thus, making the market the same as it were originally prior to their advertising efforts.

8 0
3 years ago
What are the challenges planner and mangers do not face in decision making?<br>​
Lady bird [3.3K]

Answer:

Management has its share of perks and rewards. Managers are usually in a better position to influence and lead change. In most organizations, being a manager means a better compensation package and not having to sit in a cubicle. Most importantly, there’s nothing like the satisfaction of helping an individual or team reach their goals and perform at their best. Read more

Explanation:

7 0
3 years ago
Kroger's 2016 financial statements show net operating profit after tax of $2,286 million, net income of $1,975 million, sales of
gregori [183]

Answer:

Correct option is C 6.20

Explanation:

Sales/ Average net operating average

= $115,337/ $18,616

=6.20

5 0
3 years ago
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