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hram777 [196]
2 years ago
5

Consolidated Corporation,a U.S.firm,wishes to participate,but limit its involvement,in Middle Eastern markets.Consolidated empow

ers Doha Ltd. ,an Egyptian firm,to enter into contracts in certain countries on behalf of Consolidated.This is:________
A) a distribution agreement.
B) an agency relationship.
C) indirect exporting.
D) direct exporting.
Business
1 answer:
QveST [7]2 years ago
6 0

Answer:

B) an agency relationship.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.

In this scenario, Consolidated (principal) empowers Doha Ltd., an Egyptian firm to enter into contracts in certain countries on behalf of Consolidated. Thus, this is an agency relationship.

An agency relationship can be defined as a mutual relationship existing between two parties, wherein a principal authorizes the agent to act as the principal's representative or on his behalf (fiduciary role) in dealing with third parties.

Basically, Consolidated is the principal based on the agency relationship while Doha Ltd. is considered to be an agent and as such is authorized or empowered to enter into contracts in certain countries on behalf of Consolidated.

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FedEx Corp. stock ended the previous year at $113.39 per share. It paid a $0.40 per share dividend last year. It ended last year
Maslowich

Answer:

$4,110 and 12.08%

Explanation:

The computation of the dollar return and the percent return is shown below:

Dollar Return = (Ending Value − Beginning Value) + Income  earned

where,

Ending value is

= $126.69 × 300 shares

= $38,007

Beginning value is

= $113.39 × 300 shares

= $34,017

And, the income earned is

= Dividend per share paid × number of shares owed

= $0.40 × 300 shares

= $120

So, the dollar return is

= $38,007 - $34,017 + $120

= $4,110

And, the percentage return is

= (Dollar return ÷ Beginning value) × 100

= ($4,110 ÷ $34,017) × 100

= 12.08%

3 0
3 years ago
A basic idea underlying __________________ is that a manager should be held responsible only for those items that the manager ca
lubasha [3.4K]

Answer:

C. Responsibility accounting

Explanation:

The correct answer is C.

Responsibility accounting is a concept of accounting that is used as performance measurement. The main idea is that big and varied organizations are difficult, and almost impossible to manage as one segment, therefore they must be cut into parts or separated into parts that can be managed. These parts, are called responsibility centers that include:

1. Cost centers,

2. Revenue centers,

3. profit centers, and

4. investment centers.

This approach gives room for responsibility to be given to the manager in these parts that have the biggest amount of influence over the key elements that are to be managed.

4 0
3 years ago
Trial Balance September 30, 2022
Sergeeva-Olga [200]

Answer:

T- accounts:

Cash

Date    Account Title            Debit       Credit

Oct. 1   Balance                  $23,640

Oct. 5  Accounts receivable   1,310

Oct. 15 Salaries                                     $1,110

Oct. 17 Service Revenue         580

Oct. 20 Accounts Payable                    1,830

Oct. 29 Dividend                                     250

Oct. 31 Utilities                                        420

Accounts Receivable

Date    Account Title            Debit       Credit

Oct. 1   Balance                  $7,040

Oct. 5  Cash                                        $1,310

Oct. 10 Service Revenue     5,410

Supplies

Date    Account Title            Debit       Credit

Oct. 1   Balance                  $4,270

Equipment

Date    Account Title            Debit       Credit

Oct. 1   Balance                  $10,170

Accounts Payable

Date    Account Title            Debit       Credit

Oct. 1   Balance                                  $9,240

Oct. 20 Cash                        1,830

Unearned Service Revenue

Date    Account Title            Debit       Credit

Oct. 1   Balance                                  $3,270

Common Stock

Date   Account Title            Debit       Credit

Oct. 1  Balance                                  $19,440

Retained Earnings

Date   Account Title            Debit       Credit

Oct. 1  Balance                                  $13,170

Service Revenue

Date    Account Title            Debit       Credit

Oct. 10 Accounts receivable              $5,410

Oct. 17 Cash                                            580

Salaries Expense

Date     Account Title            Debit       Credit

Oct. 15 Cash                        $1,110

Dividend

Date      Account Title            Debit       Credit

Oct. 30 Cash                        $250

Utilities Expense

Date      Account Title            Debit       Credit

Oct. 30 Cash                        $420

Explanation:

a) Data and Calculations:

Trial Balance September 30, 2022  

Account Title            Debit       Credit

Cash                       $23,640

Accounts Receivable 7,040

Supplies                      4,270

Equipment                 10,170

Accounts Payable                       $9,240

Unearned Service Revenue         3,270

Common Stock                           19,440

Retained Earnings                       13,170

                             $45,120      $45,120

b) Journal Entries:

Oct. 5:

Debit Cash $1,310

Credit Accounts Receivable $1,310

To record cash receipts from customers.

Oct. 10:

Debit Accounts Receivable $5,410

Credit Service Revenue $5,410

To record service revenue.

Oct. 15:

Debit Salaries Expense $1,110

Credit Cash Account $1,110

To record payment of salaries.

Oct. 17:

Debit Cash Account $580

Credit Service Revenue $580

To record performance of services for cash.

Oct. 20:

Debit Accounts Payable $1,830

Credit Cash Account $1,830

To record the payment of cash on account

Oct. 29:

Debit Dividend $250

Credit Cash Account $250

To record the payment of cash dividend.

Oct. 31:

Debit Utilities $420

Credit Cash Account $420

To record the payment for Utilities.

8 0
3 years ago
If property rights are not well enforced, all of the following are likely to occur except;_________
aleksandrvk [35]

Answer:

If property rights are not well enforced, all of the following are likely to occur except;_________

A. a significant number of people will be willing to risk their funds by investing them in local businesses.

Explanation:

Other options are likely to occur, except option A.  Investors cannot risk their capital investing in the local economy.  This is the fate of an economy where property rights are not protected.  This also underlines the need for each government to ensure that property rights are recognized and legally protected.

8 0
2 years ago
On june 8, alton co. issued an $90,000, 6%, 120-day note payable to seller co. assuming a 360-day year for your calculations, wh
Firlakuza [10]
Maturity Value = Principal  x ( 1 + Rate x Time )
Here is:
Principal = $90,000
Rate = 6% = .06
Time = 120 / 360
Maturity value = $90,000 x ( 1 + .06 x 120/360 ) =
= $90,000 x ( 1 + .02 ) =
= $90,000 x 1.02 = $91,800
Answer:   c. $91,800
8 0
3 years ago
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