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2 years ago

If there is no written designated agency relationship, a client of Meramac Realty has what kind of relationship with Meramac

Business

1 answer:

LuckyWell [14K]2 years ago

5 0

Answer: c. A nonagency relationship with everyone in the office.

Explanation:

For an agency relationship to exist in the eyes of the law, there must be a contract with a written designated agency relationship between the client and Meramac Realty.

With no such contract in existence, the law recognizes no agency relationship between Meramac and any of its affiliates with the client. There is therefore a non-agency relationship with everyone in Meramac.

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Fey Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost informa

alekssr [168]

Answer:

a) Standard WIP 75,000 debit

factory overhead 75,000 credit

b) applied to deluxe model 28 setups x $ 400 = $ 11,200

c) total overhead to deluxe: 35,200

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

expected overhead: 120,000

total labor hours: 375 + 22 = 600

overhead rate: 120,000 / 600 = 200

applied to Standard model: 375 hours x $ 200 = 75,000

overhead cost for setups: $ 20,000

total setups (cost driver) 22 + 28

activity rate: $ 20,000 / 50 setups = $ 400

applied to deluxe model 28 setups x $ 400 = $ 11,200

overhead cost for component: $40,000

total components: 8 + 12 = 20

activity rate: 40,000 / 20= 2,000

applied to deluxe model: 12 x 2,000 = 24,000

Overhead cost into deluxe model under ABC:

setup overhead applied to deluxe model 28 setups x $ 400 = $ 11,200

component overhead applied to deluxe model: 12 x 2,000 = 24,000

Total: 35,200

6 0

3 years ago

The debt owed by a business to an outside individual or organization is called its?

worty [1.4K]

The debt owed by a business is called liabilities. Liabilities are obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like products, services.

Liabilities on balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties etc. Assets can be contrasted with liabilities. Assets are items business own or owe money to, whereas liabilities are debts or other obligations.

Short-term financial commitments of a business that are due in a year or within its typical operational cycle are known as current liabilities.

To learn more about liabilities, click here

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7 0

1 year ago

Which of the following statements about aims and objectives is untrue? Select one: a. An aim describes what the learners will be

netineya [11]

Answer: Option (b) and (d) are untrue.

Explanation:

From the given option, the following statement about aims and objectives are untrue: An objective describes what the learners will be able to do with the language by the end of the lesson, You could have one overall aim and some secondary aims.

Aim is in regards with what you hope to do, your comprehensive purpose in project. It will gesticulate what/where you aspire to be at the end of the project. An aim is usually wide. It is earnest, but not beyond the bounds of possibility.

Whereas;

There are more than one objective, these can be referred to as the specific steps taken to achieve our aim.

7 0

3 years ago

When making decisions, evaluating your possible resources will help _____. a. Impose limits to possible choices b. Add weight to

Slav-nsk [51]

A impose limits to possible choices

I'm pretty sure.

4 0

3 years ago

Read 2 more answers

A perfectly competitive market is in long run equilibrium. At present there are 100 identical firms each producing 5,000 units

Tema [17]

Answer: B. In the short run, the typical firm increases its output and makes an above normal profit.

Explanation:

I have attached a graph to explain.

Originally the Perfectly Competitive Market is in a long run Equilibrium.

This means that at 5000 units the $20 selling price was as a result of Marginal Revenue being equal to Marginal Cost.

Now a sudden change in Demand has taken the price up which then forces the Marginal Revenue Curve upwards.

This will culminate with the Marginal Revenue Curve now intersecting the Marginal Cost curve at a higher point being point F so that profit can be maximised.

This higher level will thus lead to a higher output than 5000 units at point Q as the firm will increase output.

Notice that at that point the Marginal Revenue is higher than Average Total Cost meaning that an Above normal profit is being made.

Do react or comment if you need any clarification.

7 0

3 years ago