1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna [14]
2 years ago
5

Who can become a principal and who can become an agent?a. Any person can become a principal, but an agent has to have the capaci

ty to contract. b. Any person can become a principal and any person can become an agent. c. A person must have contractual capacity to be a principal, but any person can become an agent.
Business
1 answer:
Rufina [12.5K]2 years ago
6 0

Answer: Option A

Explanation: Any person can become a principal having sufficient business but in order to become an agent of the principal one needs to have the capacity to contract on behalf of the principal.

In a principal agent relationship, the principal bounds the agent to act on his behalf. So, there is no legal contracts to become a principal but the acts of agent are legally bound to a certain extent.

Hence, option A is correct.

You might be interested in
Land originally purchased for $28,390 is sold for $74,057 in cash. What is the effect of the sale on the accounting equation
Elodia [21]

There is no effect on the accounting equation.

<h3>What is accounting equation?</h3>

Accounting equation is the one which states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity.

Assets = owner's equity + liability

The above means that land is not depreciated, therefore assets decrease (-land) but also increase (+cash).

The elements of accounting equation are :

  • Assets
  • Liabilities
  • Shareholders' equity.

Learn more about account equation here: brainly.com/question/24401217

8 0
2 years ago
The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred t
laila [671]

Answer:

Option (D) is correct.

Explanation:

Given that,

Beginning work in process = $4,000

Ending work in process in finishing department = $6,000

Cost transferred = $47,000

Direct material = $15,000

Direct labor  = $46,000

Overhead  = $22,000

Cost incurred in finishing department:

= Beginning work in process + Cost transferred + Direct material + Direct labor + Overhead

= $4,000 + $47,000 + $15,000 + $46,000 + $22,000

= $134,000

Cost of goods transferred to the Finished Goods Inventory account:

= Cost incurred in finishing - Ending work in process

= $134,000 - $6,000

= $128,000

5 0
3 years ago
You are a leader in a paper manufacturer that has recently been charged with using too many trees and polluting groundwater arou
swat32
Not going to give a full solution, but with every tree they remove, they plant a new tree and they can turn to more Eco-friendly means of manufacturing, such as using non-hazardous materials.

I hope this helps give you a start on where to begin. Just go with this and research deeper.
4 0
2 years ago
Which kind of budget would cause the largest increase in a country's national
Zepler [3.9K]

Answer: One that decreases taxes and increases spending

Explanation: got it wrong

6 0
2 years ago
The real estate financing instrument which transfers equitable title to real property, but retains legal title in the seller, is
natita [175]

Answer:

Operating Leasing

Explanation:

Legal title is retained by the seller, buyer enjoys equitable title (during the lease contract duration) of the property (e. g. using land, leased buildings or machinery for the business needs),

7 0
2 years ago
Other questions:
  • After graduation, you face a choice. you can work for a multinational consulting firm and earn a starting salary (benefits inclu
    11·1 answer
  • Sean is in the business of buying and selling stocks and bonds. He has a bond of Green Corporation for which he paid $200,000. T
    9·1 answer
  • Hayduke Corporation reported the following results from the sale of 5,000 units in May: sales $300,000, variable costs $180,000,
    9·1 answer
  • Which underlined phrase is a perfect participial phrase? recreation areas are divided into three categories, indicating the main
    12·2 answers
  • The Architecture and Construction career cluster is a group of careers focused on designing, constructing, and maintaining build
    5·2 answers
  • Because services are inseparable, they cannot be tried before they are purchased. To counteract this, a service firm might:
    14·1 answer
  • Johnny is a sophomore in college and has a 1.5 cumulative grade point average (GPA). Johnny's cumulative GPA will fall even furt
    5·1 answer
  • Which of the following is NOT a common feature of a
    5·1 answer
  • PLEASE HELPP!!
    8·1 answer
  • 15) keeping a product generic as long as possible before customizing is known as:__________
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!