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ankoles [38]
2 years ago
9

Because corporate officers have the implied power to bind the firm in matters directly connected to its business, there is no li

mit to what the officer can do. True False
Business
1 answer:
mr Goodwill [35]2 years ago
5 0

It should be noted that corporate officers have the implied power to bind the firm in matters directly connected to its business.

<h3>Who are corporate officers?</h3>

corporate officers serves as those workers in a company or an organization who are seen as officials and they have allocated duties and responsibilities .

These officers posses the power to bind the firm in matters directly connected to its business.

Learn more about corporate officers at,;

brainly.com/question/24518056

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The units of an item available for sale during the year were as follows:
ioda

Answer:

                             FIFO            LIFO              Weighted Average

Inventory cost =  $167,700      $145,600     $157,800

Explanation:

a) Data and Calculations:

Jan. 1       Inventory     1,000 units at $120  $120,000     $120,000

Feb. 17    Purchases    1,375 units at $128     176,000      296,000

July 21    Purchases    1,500 units at $136    204,000      500,000

Nov. 23  Purchases     1,125 units at $140     157,500      657,500

Dec. 31   Total units   5,000                        $657,500

Dec. 31   Inventory      1,200

Dec. 31   Units sold    3,800

Inventory cost by:

FIFO ( first-in, first-out method)

July 21    Purchases         75 units at $136  $10,200

Nov. 23  Purchases     1,125 units at $140   157,500

Dec. 31   Inventory      1,200                       $167,700

LIFO (last-in, first-out method)

Jan. 1       Inventory     1,000 units at $120   $120,000

Feb. 17    Purchases      200 units at $128      25,600

Dec. 31   Inventory      1,200                       $145,600

Weighted-Average Cost Method

Total cost of goods available/Total units available  for sale

= $657,500/5,000

= $131.50 per unit

Inventory cost = $157,800 ($131.50 * 1,200)

4 0
3 years ago
Garcia manufacturing's april sales forecast projects that 5,000 units will sell at a price of $10.50 per unit. the desired endin
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Budgeted Purchases = Sales units + Closing inventory - Beginning Inventory
                                   = 5,000 + (1,000 * 130%) - 1,000
                                   = 5,300 units
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4 years ago
What do individual shareholders gain when they buy shares of a company’s stock?
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Control and money and custemurs if that isn't right sorry first time<span />
8 0
3 years ago
Read 2 more answers
Define the term market system.
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I'm sorry but is it market system/market economy
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3 years ago
On June 1, 2017, Pharoah Company was started with an initial investment in the company of $22,350 cash. Here are the assets, lia
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Answer:

                            Pharaoh Company

                             Income statement  

                 For the year ended June 30, 2017  

Revenue & Gains                                              Amount

Service Revenue                                               $7,910

Total revenue & gains (A)                                 $7,910

Expense and losses:

Salaries and wages expense         $1,810

Advertising expense                       $400

Supplies expense                            $2,370

Utilities expense                              $270

Maintenance and repair expense  $630

Total expense (B)                                            <u>$5,480</u>

Net Income (A - B)                                          <u>$2,430</u>

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3 years ago
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