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vodomira [7]
2 years ago
12

Bob is the owner of Apartments Complex. Betty is his manager. Bob informs all tenants in writing as part of their lease that ren

t may ONLY be paid to Bob and not to Betty. However, over the years, tenants pay Betty directly who gives the rent to Bob. Bob never objects. What types of agency authority does Betty have
Business
1 answer:
Keith_Richards [23]2 years ago
7 0

Answer: perceived relationship

Explanation:

An agent is referred to as someone who is given authority by the principal and acts in his or her behalf and the agent is also under the control of such person.

From the question, the principal is Bob while Betty is his agent. The relationship that exist in thus case is the perceived relationship which means that the third party that us, the tenants in thus case believe that an agent is authorised by the principal to do a particular work such as collection of rent in this case but in reality thus doesn't exist. They ate not meant to pay to the manager in this case but they acted based on their perception and since the principal didn't complain, they continued doing it.

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Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend
Agata [3.3K]

Answer:

44

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

2.2 / 0.1 - 0.05 = 44

6 0
3 years ago
XYZ corporation acquired two inventory items at a lump-sum cost of $100,000. The acquisition included 3,000 units of product 1P,
mina [271]

Answer:

b. $11,250

Explanation:

We are asked to know the gross profit:

gross profit: sales revenue - COGS

in this case sales revenue 1,000 units x $ 30 = 30,000

for COGS we will calculate with weighted average based on the sales price:

3,000 x 30 + 7,000 x 10 = 90,000 + 70,000 = 160,000

the cost of 160,000 dollars of sale is 100,000

we cross multiply for 30,000:

100,000 / 160,000 x 30,000 = 18,750 cost

now we solve for gross profit:

sales 30,000 - cost 18,750 = 11.250

6 0
3 years ago
Use the following information to compute NET INCOME.
maks197457 [2]

Answer:

c. $1,890

Explanation:

As for the provided information, we have

Net income is the income after allowing expenses of every nature, and after taxes, but does not include the dividend as is not an expense but allocation or distribution of profits.

Thus net income shall be as follows:

Sales - Expenses

Sales = $10,000

Expenses = $4,000 + $1,100 + $1,750 = $6,850

Profit before taxes = $3,150

Less: Taxes @ 40% = $1,260

Net Income = $1,890

Correct option is

c. $1,890

5 0
3 years ago
The plans for a building you're working on call for the installation of a 10″-thick concrete block wall. The usual size for a fo
Julli [10]
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3 0
3 years ago
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Rick, who is single, has been offered a position as a city landscape consultant. The position pays $141,800 in cash wages. Assum
Sliva [168]

Answer:

I used the 2020 standard deduction and income tax brackets to calculate the answer.

a. What is the amount of Rick’s after-tax compensation (ignore payroll taxes) and his income tax liability?

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- standard deduction $12,400

taxable income $129,400

income taxes = (10% x $9,875) + (12% x $30,250) + (22% x $45,400) + (24% x $43,875) = $25,135.50

after tax income = $141,800 - $25,135.50 = $116,664.50

b. Suppose Rick receives a competing job offer of $102,500 in cash compensation and nontaxable (excluded) benefits worth $4,900.

Rick's gross income $102,500

- standard deduction $12,400

taxable income $90,100

income taxes = (10% x $9,875) + (12% x $30,250) + (22% x $45,400) + (24% x $4,575) = $15,703.50

after tax income = $102,500 - $15,703.50 + $4,900 = $91,696.50

5 0
3 years ago
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