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zloy xaker [14]
3 years ago
9

An agent's client calls on Monday to discuss the current market situation. They discuss how 100 shares of KAPCO common stock wou

ld be an appropriate addition to the client's portfolio. On Thursday, the client calls and tells the agent to place an order for the KAPCO stock at whatever price the agent feels is best. The agent waits until Friday, purchasing the stock at a price $2 per share below Thursday's low. In this case the agent acted A) improperly; the order should have been placed on Thursday B) properly because the agent used discretion as to price and time C) improperly; the order cannot be placed without prior written authorization allowing discretion D) properly because the agent saved the client money
Business
1 answer:
nadya68 [22]3 years ago
4 0

Answer:

A) improperly; the order should have been placed on Thursday

Explanation:

An agent is someone that is contracted by a client to effectively manage his business interest and also to follow client instruction on time in order to make profit for the client.

In the given scenario the agent received instructions to place an order for the KAPCO stock at whatever price the agent feels is best.

Since they had initially discussed the suitability of the KAPCO stock before now, the agent should have placed the order immediately.

However his delay till Friday resulted in a loss of $2 per share below Thursday's low.

The agent acted improperly.

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Alex manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday,
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Answer: b. shoe-leather costs

Explanation:

This is the shoe-leather cost inflation. It refers to the time and effort expended by people to ensure that they are able to avoid their cash losing too much value to inflation. Includes for instance, going to the bank multiple times because you are holding little cash on hand so it does not lose value.

It is named shoe-leather costs as a play on words because it is assumed that the time and effort put will result in walking around alot and degrading the quality of your shoes.

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3 years ago
Larkspur, Inc. uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below.Date Numer of Units U
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Answer:

Following are the solution to this question:

Explanation:

Calculating the cost of the product sold:

FIFO:

June 1:  23 units costing of \$ 10 each = \$ 230

Aug 27: 23 units costing of \$ 10 each = 230

             13 units costing of \$ 15 each = 195

                                                                \$425

Total cost of product sold= \$655

LIFO:

June 1:  23 units costing of \$ 10 each = \$ 230

Aug 27:  36 units costing of \$15 each = 540

                   Total cost of product sold = \$ 770

Average cost:

June 1:  23 units costing of \$ 10 each = \$ 230

Aug 27:  36 units costing of \$13.051 each = \$469.836

                  Total cost of product sold = \$699.836

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3 years ago
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The peer mentoring is specifically more effective in expanding the professional network. Peer mentoring involves learning by reaching out to more experienced individuals in an organization.

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