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PolarNik [594]
3 years ago
6

An employee that only has the authority to use the employer's credit card for business expenses has what kind of relationship?

Business
1 answer:
Andrew [12]3 years ago
3 0

Answer:

a. Universal agent

Explanation:

The universal agent is an employee that has been appointed by the employer to do particular task. It could be appointed via power of attorney through which he can perform all types of functions

Therefore as per the given situation since the employee can use the credit card of the employer for the business expense so this represent that the relationship is of universal agent

hence, the correct option is a.  

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You just purchased some equipment that is classified as five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152,
Deffense [45]

Answer:

b. $62,784

Explanation:

Depreciation is the expense of an asset due to physical wear and tear of the equipment.

Book value is the net of depreciation value. It is calculated after deducting the accumulated depreciation from the cost of the asset.

MACRS  = Cost x MACRS rate for the year

Year     MACRS    Depreciation    Balance

  0                                                  $218,000

  1            0.2           $43,600        $174,400

  2           0.32          $69,760       $104,640

  3           0.192        $41,856        $62,784

Opening Book value of next year is actually the closing book value of prior years.

7 0
3 years ago
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Pop owns 87% of the common stock of Sugar. On December 31, 2017, Pop's Receivables include $296,880 that Pop advanced to Sugar.
Sloan [31]

Answer: $296,880

Explanation:

Pop owns more than 50% of Sugar which means that Sugar is a subsidiary of Pop's. When this happens, trade between the two are not shown in the consolidated financial statement unless the goods traded have been sold off to a third party.

As these goods have not, and are still considered accounts receivable to Sugar, the entire amount will be removed from the consolidated financial statements.

6 0
3 years ago
Walden’s family is shopping for a reclining chair. The chair the family decided on has a retail price of $800 plus 5% sales tax
IceJOKER [234]

Just by looking at the answer you can take out D because C already offers no tax and 5% off, do C is better than D, so we only have to do t math for A, B, and CA is 800 plus tax, with $75 back800×1.05 (because it's 5% tax) -75 =$765B is 800×.90 (because 10% off means he's paying 90%)×.05=$756C is 800×.95 (because 5% off means he's paying 95%) =760A=765B=756C=760So B is the best deal

:)

6 0
3 years ago
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What happens if a jury duty summons is sent to the wrong address?
Pavlova-9 [17]
The individual should have their address updated, although if it's the fault of the court, there won't be a penalty or anything, but the individual will need to justify what happened.
6 0
3 years ago
You own 230 shares of stock in Green Mild Chili Peppers, Inc., that currently sell for $50.70 per share. The company has announc
Arturiano [62]

Answer:

This equals $12,256.70 (230 x $50.70 + 230 x $2.59)

Explanation:

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This value adds the weight of the investment obtained by multiplying the total shares held with its market price to the expected dividend returns on the given date.

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