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Yuliya22 [10]
2 years ago
14

As part of the agency relationship, you have to keep everything that the buyer discloses to you private. This includes any infor

mation that may impact the buyer's capability or motivation to pay more than the asking price. This is an example of:
Business
1 answer:
FromTheMoon [43]2 years ago
8 0

Answer:

Confidentiality

Explanation:

An agent is a person that protects the interest of his client in a given business transaction.

He is obligated to represent his client's best interest even when he is absent.

One of the benefits that a client enjoys in an agency relationship is confidentiality.

This is the ability of an agent to keep information about his client and his transactions private.

This includes any information that may impact the buyer's capability or motivation to pay more than the asking price.

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The Manchester Corporation manufactures wooden pictures frames. In order to better manage costs, the Manchester Corporation had
Serhud [2]

Questions

The Manchester Corporation manufactures wooden pictures frames. In order to better manage costs, the Manchester Corporation had previously developed the following standards for the manufacture of its product:

Each unit should have 3/4 of a pound of direct materials purchased at $12 per pound.

Each unit should be produced in 48 minutes at a direct labor cost of $16 per hour. The company had the following detailed retails:

Actual production was 20,000 units using 14,600 pounds of direct materials at a total cost of $168,000 and required 11,000 direct labor hours at a total cost of $190,000.

What is the company cost variance related to direct labour

Answer:

Direct labour cost total Variance  = $66,000 favorable

Explanation:

The direct labor cost total variance is the difference between standard labour cost of the actual production achieved and the actual labour cost.

The standard labour cost of labour per unit of output is not given. So, we work it out first

Standard labour cost per unit= 48/60× $16= 12.8 per unit

                                                                                                   $

20,000 units should have cost (20,000× 12.8)                256,000

but did cost                                                                      <u>   190,000</u>

Direct labour cost total Variance                                     <u>   66,000 </u>favorable

Direct labour cost total Variance  = $66,000 favorable

7 0
3 years ago
Once you are signed up for overdraft protection, you cannot opt out?<br>True or False​
monitta
The answer is false.
7 0
3 years ago
M13-9 Inferring Financial Information Using the Current Ratio [LO 13-4] Mystic Laboratories reported total assets of $10,500,000
zaharov [31]

Answer: $6,410,000

Explanation:

The current ratio calculates the ability of a company to meet its short term liabilities.

A current ratio greater than 1 indicates that a company is more able to meet its short term obligations. Mystic Laboratories with a current ratio of 1.3 has a greater ability to meet its short term obligations.

Current ratio = current assets / current liabilities

Total assets = current assets + non current assets

$10,500,000 = current assets + $2,167,000

Current assets = $8,333,000

1.3 = $8,333,000 / current liabilities

Current liabilites = $6,410,000

I hope my answer helps you

7 0
3 years ago
(20 points)
neonofarm [45]

c.

d

false

d

true

true

true



7 0
3 years ago
Read 2 more answers
Recently many large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Fe
xenn [34]

Answer:

A. True

Explanation:

Large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Federal Reserve, and this has caused an increase in the money multiplier and the money supply.

This is true as an increase in the Federal reserves would lead to increased room for loan and lending facilities which would also help increase the money supply of the populace.

6 0
3 years ago
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