The principal can be held responsible for any loss that the third party may have incurred as a result of his reliance on the agent's authority.
When a principal is liable for an agent's actions to a third party because the third party detrimentally changed his position based on a reasonable belief that the agent was acting with the authority of the principal, it is called the principle of estoppel.
What is the principle of estoppel?
The principle of estoppel is a principle that establishes the liability of the principal for the acts of an agent. When the principal's actions or statements lead a third party to reasonably believe that an agent has the authority to act on the principal's behalf, the principal may be held accountable for the agent's actions. This means that the principal may be bound by the actions of the agent if the agent acted within the scope of the authority granted to him by the principal and the third party detrimentally relied on the agent's actions.
Essentially, estoppel operates to prevent the principal from denying the existence of the authority of the agent or from denying that the agent was acting on his behalf. This is particularly true when the third party relied on the agent's authority to his detriment.
The principal can be held responsible for any loss that the third party may have incurred as a result of his reliance on the agent's authority.
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The relationship, or ratio, between a product's perceived benefits and the consumer's costs is known as its
The relationship, or ratio, between a product's perceived benefits and the consumer's costs is known as its perceived value.
Perceived value refers to the subjective assessment that customers make of the benefits they receive from a product or service relative to its cost. It is the perceived worth of a product or service in the eyes of the customer. Perceived value is influenced by a range of factors, including the quality of the product or service, its functionality, design, features, and brand reputation, as well as the price and other costs associated with the product or service. Customers often make comparisons between different products or services in order to assess their perceived value. For businesses, understanding perceived value is important because it can have a significant impact on customer satisfaction, loyalty, and purchasing behavior.
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In the long-run, a company that produces and sells popcorn incurs total costs of $1,150 when output is 70 canisters and $1,780 when output is 100 canisters. When this popcorn company increases production from 70 to 100 canisters, it exhibits
When this popcorn company increases production from 70 to 100 canisters, it exhibits : economies of scale because average total cost is rising as output decrease.
Economies of ScaleThe popcorn company will tend to exhibits economies of scales based on the fact if their is decrease of output the average total costs will increase or rise from :
ATC1 = 1150/70
ATC1= $16.43
TO
ATC2 = 1780/100
ATC2= $17.8 per unit
Therefore it exhibits economies of scale because average total cost is rising as output decrease.
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What accounts are affected. issued check $644 to pay for an advertisement
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?
Annual Income
Alex - $20,000
Beatrice - $190,000
Julio - $80,000
Roberta - $60,000
Alex
Beatrice
Julio
Roberta
Answer:
Beatrice
Explanation: she makes the most money so she has to pay more in tax
Based on the tax rate and the annual income of the people, the person with the higher tax burden is Beatrice.
Flat Rate Tax Refers to when a specific rate of tax is imposed. Leads to those who are paid higher having a higher tax burden. Leads to lower income earners having less money after tax.Beatrice is the highest earner in the group as they earn $190,000. They will therefore have the highest tax burden of $19,000 as opposed to the others who have lower salaries.
In conclusion, Beatrice is correct.
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because researchers receive faster replies to surveys, the completion time for a project is shortened. as a result, a company using mobile research experiences
If because researchers receive faster replies to surveys, the completion time for a project is shortened. as a result, a company using mobile research experiences cost savings.
What is research?Research can be defined as the process of collecting or obtaining data or information from a group of population so as to draw or reach a conclusion after analyzing and evaluating the data collected.
On the other hand cost saving can be defined as the way of reducing expenses by saving cost.
Based on the scenario making use of mobile research will help the researcher to save cost because the research do often receive fast or quick responses from people when carrying out survey which implies that the completion time for the survey is short thereby reducing the cost the researcher could have incur if were not making use of mobile research method.
Therefore the mobile research will help save cost.
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go grub’s customer complaints have increased because its drivers often get lost when attempting deliveries, which means that the deliveries arrived late. the drivers have resisted using gps systems, claiming they know their territories, but managers are now encouraging them to look for the best solution to the increased level of customer complaints. go grub is in the ________ stage of lewin’s change model.
The stage of lewin’s change model that the manager of go rub is considering when their customers were complaining about late delivery from the driver is unfreezing stage.
Kurt Lewin change model can be regarded as a model that contains a three steps which are,;
unfreezing
changing
refreezing.
This model stressed that to move toward the new, desired level of behavior, there there should be a perception that change is required.Therefore, in case of go grubs, they are in freezing stage .
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Creative Sound Systems sold investments, land, and its own common stock for $34.0 million, $14.6 million, and $39.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.6 million, $24.6 million, and $11.6 million, respectively. What amount should the company report as net cash flows from investing activities
Answer:Net cash flows provided by investing activities =$12.4 million
Explanation:
Net cash flows from investing activities for Creative Sound Systems:
Cash inflow from sale of investments $34.0million
Add: Cash inflow from sale of land $14.6 million
less: Cash outflow from purchase of equipment ($24.6million)
less :Cash outflow from purchase of patent ($11.6million)
Net cash flows provided by investing activities $12.4 million
This year, FCF, Inc., has earnings before interest and taxes of $10 million, depreciation expenses of $1 million, capital expenditures of $1.5 million, and has increased its net working capital by $500,000.
If its tax rate is 35%, what is its free cash flow?
Given,
Depreciation expenses: $1,000,000Tax rate: 35%Capital expenditure: $1,500,000Earning before interest and taxes (EBIT): $10,000,000Increase in working capital: $500,000Determining the operating cash flows:
Operating cash flow = EBIT *(1- tax rate) + depreciation expenses - increase in working capital
= $10,000,000 * (1- 0.35) + $1,000,000 - $500,000
Therefore, operating working capital = $7,000,000
Now, determining the free cash flow:
Free cash flow= Operating cash flow - Capital expenditure
= $(7,000,000- 1,500,000)
=$5,500,000
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Compute the degree of operating leverage at a particular level of sales and explain how it can be used to predict changes in net operating income.
The degree of operating leverage at a particular level of sales is calculated by dividing the contribution margin by net operating income.
The degree of operating leverage (DOL) is a multiple that evaluates how much a company's operating income changes in response to changes in sales.
Companies with a high proportion of fixed costs (or costs that do not change with production volume) to variable costs (costs that change with production volume) have greater operating leverage.
The DOL ratio helps analysts determine the impact of a change in sales on a company's earnings or profit.
The sensitivity of net operating income to percentage changes in sales is measured by the degree of operating leverage.
Determine how a percentage change in sales volume affects profits at any given level of sales.
Sensitivity is higher because of a lower net income, increased fixed expenses, and increased commissions.
Hence, The degree of operating leverage at a particular level of sales is calculated by dividing the contribution margin by net operating income.
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Insurance companies determine risk exposure by which of the following?
Law of large numbers and risk pooling. All forms of insurance determine exposure through risk pooling and the law of large numbers.
TermWhich of these are considered to be events or conditions that increase the chances of an insured's loss?
Hazards are events or conditions that increase the likelihood of an insured's loss.
People with higher loss exposure have the tendency to purchase insurance more often than those at average risk. Adverse selection is the tendency of persons with higher loss exposure to purchase insurance more often than those at average risk.
Which of these techniques will remove the risk of losing money in the stock market by never purchasing stocks?
Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks.
How do insurers predict the increase of individual risks?
The law of large numbers helps insurance companies predict the increase of individual risks.
Diverse techniques are employed by insurers to forecast the rise in individual risks. When predicting future claims, some insurers may utilize models that take historical claim data into account, while others may use demographic or geographic information.
Any strategy an insurer uses to forecast the rise in particular risks will ultimately be subject to some degree of uncertainty. Numerous factors, like as the unpredictable nature of occurrences beyond the insurer's control (such natural catastrophes or terrorist attacks) and the inherent limits of mathematical models, might contribute to this uncertainty. As a result, there is always a possibility that a model used by an insurer will produce forecasts that are incorrect in some circumstances, even if the model is thought to be accurate within certain ranges.
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Writ (T) for True and (F) for False Statements: All desires of human beings are known as ‘Demand’. Demand is inversely related with income of the consumer. Supply is the quantity which actually brought by the seller to sell in the market. The stock of perishable goods are similar to the supply quantity. Demand curve goes upward to the right, to show inverse relationship between price and demand for good. When the price of Giffen good increases, its’ demand also increases. Income demand means relationship between price and demand quantity. Size of population is also a determinant of demand. Individual demand means all quantity demanded by buyers in the market. Means and willingness are necessary factors to be demand. Fill in the Blanks by Suitable word Two major wheels of the economy are …….. and ……. …. … …. is the desire from sellers side. The major determinant of demand is … … The situations when law of demand is not applicable is known as its …. ….. Beggar’s desire is not regarded as demand, because he may not have … …. When price of one good affects to the demand for other good, this situation is known as … …. Demand is the effective desire backed by …. ….. and ……….. When price of a good increases, its demand …. ….. but the supply …… ….. Those goods, which can be consumed alternatively are termed as …. …… goods. ….… are those goods, whose demand rises when income the consumer decreases.
Answer: (1) F, (2) F, (3) T, (4) F, (5) F, (6) T, (7) F, (8) T, (9) F, (10) T
Please check Explanation below for answers to section 2
Explanation: All desires of human beings are known as demand is False.
(1) Demand is the quantity of goods and services that a consumer is "willing" and "able" to buy at a "given price" and at a "particular point in time." Therefore, that someone desires a beautiful house does not constitute demand, but certain conditions must be present and one of such is his ability (that is money) to buy the house.
(2) Demand is inversely related with the income of the consumer is False.
On the contrary, demand is directly related with the income of the consumer, that is, both variables move in the same direction. Simply put, as the income of the consumer rises, his total demand for a commodity or service will also rise, and likewise if the income of a consumer falls, hos total demand for a commodity will also fall or reduce.
(3) Supply is the quantity which is actually brought by the seller to sell in the market is True.
This is the simplest way to put the definition of supply which is defined as the quantity of a commodity that a seller is willing to sell at a given price and at a given point in time.
(4) The stock of perishable goods are similar to the supply quantity is False.
The supply quantity includes the entire stock of goods that the seller or producer is willing to sell regardless of its status (perishable or not).
(5) Demand curve goes upward to the right, to show inverse relationship between price and demand for good is False.
Demand curve actually slopes downward to the right, and this shows an inverse relationship between quantity demanded and price of a commodity. That means, as the demand increases the price reduces, and as the price increases the demand reduces. This follows the law of demand which states that, "other factors being held equal, the higher the price the lower the quantity demanded and, the lower the price the higher the quantity demanded."
(6) When the price of Giffen goods increases, its demand also increases is True.
Giffen goods also known as inferior goods (or staple foods most often) are such that the consumers of such goods usually do not have better alternatives. Hence as the prices of such goods rise the consumer demands equally rise (contrary to the law of demand).
(7) Income elasticity of demand means relationship between price and demand quantity is False.
Income elasticity of demand is the relationship between the consumer income and the quantity demanded, and it measures the rate of response of the quantity demanded in relation to the rate of change in income.
(8) Size of population is also a determinant of demand is True.
The determinants or factors of demand are those that affect the level of demand, and when the population increases the level of quantity demanded will also increase, and vice versa.
(9) Individual demand means all quantity demanded by buyers in the market is False.
Individual demand is clearly distinct from market demand. Market demand is the totality of all the individual demands for a commodity.
(10) Means and willingness are necessary factors to have demand is True.
Just as explained in number (1) above, demand can only be effective if there is the means (money/resources) and the willingness to make a purchase. If these two conditions are not met, then desire for a commodity alone cannot be termed as demand.
Fill in the blanks by suitable words;
Two major wheels of the economy are Demand and Supply, Supply is the desire from sellers side. The major determinant of demand is Price. The situation when law of demand is not applicable is known as Abnormal demand. Beggar's desire is not regarded as demand, because he may not have ability. When price of one good affects the demand for another good, this situation is known as Substitute goods. Demand is the effective desire backed by Ability and willingness. When price of a good increases, its demand decreases but the supply increases. Those goods which can be consumed alternatively are termed as substitute goods. Inferior or Giffen goods are those good whose demand rises when the income of the consumer decreases.
When you finish your budget, you should have:
A: money left over
B: more bills to pay
c: a zero balance
D: All of the choices
Answer:
Zero balance
Explanation:
Because you finished all your money.
Please I need help on this Question! 10 POINTS***
Answer:
I would say answer number 3. Debit cards access money in your account and credit cards are like a loan.
Explanation:
My reasoning for this is debit card you have the amount you put on it no more and no less. With credit cards you can use money that you do not have and you can pay it back later.
what is the law of demand and supply
Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.
Explanation:
Lenovo's assumption that consumers want a higher-quality camera on their phone most likely came to light during the _______________ stage of the new product development process.
Lenovo's assumption that consumers want a higher-quality camera on their phone most likely came to light during the idea generation stage of the new product development process.
New product development can be defined as the use of a business firm's product development efforts and ideas to achieve the following:
I. The development original products.
II. Improvement of its product.
III. Modifications of a product.
IV. The creation of new brands.
Basically, the new product development process comprises four (4) main stages and these include:
Idea generation and screening.Content development and testing.Product development.Test marketing.Idea generation simply involves the systematic search by a business firm for new product ideas.
In this context, Lenovo's assumption most likely came to light during the idea generation stage of the new product development process.
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in industrial applications, manually operated valves are generally used. True or false?
In industrial applications, manually operated valves are generally used is False.
In industrial applications, manually operated valves are not generally used. While manual valves may still have some applications, especially in smaller or less complex systems, industrial settings often require a higher level of control and automation. As a result, automated valves, such as motor-operated valves or solenoid valves, are more commonly used.
Automated valves offer advantages such as precise control, remote operation, and integration with control systems. They can be operated through various methods, including electrical signals, pneumatic pressure, or hydraulic power. These valves can be programmed to respond to specific conditions or controlled remotely, allowing for more efficient and reliable operation.
Additionally, in industrial environments where safety is crucial, automated valves can be equipped with fail-safe features, such as automatic shut-off in case of emergencies or abnormal conditions. This helps to enhance operational safety and prevent potential accidents or damage.
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How does the circular flow model represent the interactions between households and firms?
The interplay between two sets of economic decision-makers—households and businesses—as well as two different categories of economic markets—the market for commodities and the market for products and services—is depicted by the circular flow model.
The approach demonstrates how businesses and households can benefit from each other.
What three categories of economic decisions are there?Economic decisions affect the production, trade, distribution, consumption, saving, and investment of economic resources. The objectives of individuals, private organizations, and society at large are served by economic decisions.
Free market, command, and mixed economies are the three primary types. Command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course. All national economic decisions are made by the state's central authority.
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Which of these transactions would cause the days in inventory ratio to increase the most?
Increasing the amount of inventory on hand and decreasing sales
These affect the inventory ratio equally
Decreasing the amount of inventory on hand and decreasing sales
Increasing the amount of inventory on hand and increasing sales
Decreasing the amount of inventory on hand and increasing sales
The transaction that would cause the days in inventory ratio to increase the most is "increasing the amount of inventory on hand and decreasing sales."
This is because the days in inventory ratio measures how long it takes for a company to sell its inventory. When a company increases the amount of inventory on hand, it means that they have more goods to sell but if sales decrease, it will take longer for the company to sell all the goods they have on hand. This increases the days in inventory ratio, as the ratio measures the number of days that inventory is held before it is sold.
A high days in inventory ratio can indicate that a company is not efficiently managing its inventory and could be tying up valuable resources in unsold goods. Therefore, it is important for companies to carefully manage their inventory levels and sales to maintain a healthy days in inventory ratio. The correct option is increasing the amount of inventory on hand and decreasing sales.
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Mia doesn't have any credit history, so she's going to open a secured credit card to begin building her credit. She puts down an $800 security deposit. What feature of an unsecured credit card is Mia's security deposit most like?
the APR
the term
the credit limit
the annual fee
Answer:
i think it will be A OR C
Explanation:
The APR feature of an unsecured credit card is Mia's security deposit most like. If the new card doesn't offer a cheaper annual percentage rate, there is no benefit in transferring his credit card balance from one to the other.
What ways does a secured credit card aid in building credit history?
If you consistently make on-time payments, stay out of late fees, and maintain a low balance on your secured credit card, you might be able to create or improve your credit score. Most secured credit cards will notify the three credit reporting bureaus of your payment activity.
You won't have a credit score if you haven't used credit yet. After you open your first credit line, such as a credit card or student loan, you start to develop your credit score. At that time, how you use that first credit account affects your credit score.
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Emily's grandmother bought her a treasury bond in 2020. When will it reach its maturity date?
Α.
2030
B.
2040
C.
2045
D
2050
Answer:
The correct answer is: D. 2050
Explanation:
Answer: 2050
Explanation: Treasury bonds are sold in $1,000 increments and have a 30-year maturity date.
Thus, 2020 + 30 years = 2050
According to the video, what do many Accountants and Auditors decide to do?
O specialize in a specific area
O volunteer in schools to teach finance
become Managers later in their careers
O take writing classes
Answer:
A. Specialize in a specific area
Explanation:
Just got right on E 2020
According to the video, the many Accountants and Auditors decide to do specialize in a specific area. The correct option is (A).
What do you mean by the Auditors?An auditor is a person qualified to examine financial documents, confirm their accuracy, and make sure businesses are following tax regulations.
A physical inventory check is followed by an auditor's review or inspection of various books of accounts to ensure that all departments are using the same documented system of documenting transactions.
It's done to make sure the organization's financial accounts are accurate. Internal audits, external audits, and government or IRS audits are the three basic categories of audits. Your financial reports will be examined and verified during an audit.
Therefore, according to the video, the many Accountants and Auditors decide to do specialize in a specific area.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Why would you write a complaint to a company?
Answer:
To discuss with a company about a problem you may be having with their service or product.
Explanation:
When the cost of a job is determined by actual direct materials and labor cost plus overhead applied using an actual rate and an actual allocation base, costing is being used. (Enter only one word per blan
The term that describes the costing method where the cost of a job is determined by actual direct materials and labor cost plus overhead applied using an actual rate and an actual allocation base is called actual costing.
In actual costing, the cost of a job is calculated by adding the actual cost of direct materials and direct labor used in the production process, along with the overhead costs that are applied based on the actual overhead rate and the actual allocation base.
To better understand this concept, let's consider an example. Suppose a manufacturing company is producing a custom-made piece of furniture. The actual direct materials cost includes the exact cost of the wood, nails, and other materials used in making the furniture. The actual direct labor cost includes the wages of the workers involved in the production process. The overhead costs, such as factory utilities and depreciation, are applied using the actual overhead rate and allocation base, which could be machine hours or direct labor hours.
By using actual costing, the company can accurately determine the total cost of the job by considering the actual costs incurred in its production. This helps in making informed pricing decisions and monitoring the profitability of each job.
Overall, actual costing provides a detailed and precise approach to calculating the cost of a job by considering actual costs rather than estimated or predetermined costs.
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Meg's company decided to build an additional factory in a small community. When the community started a protest because of the negative impact the factory would potentially have, Meg's company promised to prevent and pay for any negative impact to the community. It also offered to build a community park to balance out the negative impact the factory might cause. Which moral standard of social responsibility is the business observing?
Answer:
Corporate Citizen Moral Standard
Explanation:
The reason is that the company have to meet its social standards and the legal requirements which the jurisdiction imposes on it, which is Corporate Citizen Moral Standard. Furthermore, for this reason the company has promised that they will try their best to prevent any negative impact and if there are such cases then it will compensate them as well, which is their legal requirement. They also had offered to build a community park which is the requirement of their social standards.
choose ONE of the following home-based activities in which family members can work together as a unit and explain TWO ways in which the involvement of the children in the chosen activity can prepare them for the world of work.
While parents, family, and community members may assume specific roles as they become involved in the education of children, for example as volunteers in the classroom (see Epstein and Connors' typology, 1993), a synthesis of the literature reveals three overarching roles that are created in the development and implementation of parent and community involvement programs (Lyons, Robbins and Smith, l983; Lynn, l994). Each of these roles is actualized in very different ways in relationships in classrooms, schools, and school districts:
Parents as the primary resource in the education of their children is best exemplified in home learning. Home learning is the activity, or set of activities, that parents and family members may engage in to help their children succeed academically. This partnership role between parents and/or family members and schools may have the greatest impact on achievement.
Parents and community members as supporters and advocates for the education of their children is facilitated through site-based school restructuring. Restructuring schools to create parent and community partnerships with schools focuses on organizational structure. Changing activities; creating new relationships between parents, families, communities, and schools; and implementing innovative strategies are ways that schools can restructure to facilitate parent and community involvement in this role.
Parents and community members as participants in the education of all children incorporates a broader vision in the partnership between schools and the populations they serve. Districtwide programs provide the vehicle for parents and community members to be involved in roles that reach beyond the immediate impact of an individual child to the impact on all children in the district.
Violet Inc. has been undertaking a lot of responsibilities as a company in order to be the best in its industry. Over time, however, these responsibilities become tough to handle and the company finds it difficult to efficiently manage the time and effort to perform its activities. In contrast, other firms in the industry that outsource some of their activities to smaller companies find it easier to generate more profit than Violet Inc. The situation faced by Violet Inc. in this example illustrates one of the important disadvantages of vertical integration that is _________.
A. loss of focus
B. loss of flexibility
C. loss of frequency
D. loss of facility
For Solar Industries and its related but separate financing company Solar Financing Corp. Required: a. Calculate the debt to equity ratio for 2019 and 2020. (Round the final answers to 2 decimal places.) Solar Industries (in millions) 2020 2019 43.450 37.300 21,102 24,555 Total Debt (A) Total Equity (B) Solar Financing Corp (in millions) 2020 2019 89,360 77,052 9,070 8,054
The debt to equity ratio for Solar Industries in 2020 is 0.41, and in 2019 it is 0.54. For Solar Financing Corp, the debt to equity ratio in 2020 is 9.86, and in 2019 it is 9.57.
The debt to equity ratio is a financial metric that indicates the proportion of debt and equity financing used by a company. It is calculated by dividing the total debt by total equity. For Solar Industries in 2020, the total debt is $43.450 million, and the total equity is $21,102 million. Therefore, the debt to equity ratio is calculated as $43.450 million / $21,102 million ≈ 0.41. Similarly, for Solar Industries in 2019, the total debt is $37.300 million, and the total equity is $24,555 million. Thus, the debt to equity ratio is $37.300 million / $24,555 million ≈ 0.54. Moving on to Solar Financing Corp, in 2020, the total debt is $89,360 million, and the total equity is $9,070 million. Hence, the debt to equity ratio is $89,360 million / $9,070 million ≈ 9.86. For Solar Financing Corp in 2019, the total debt is $77,052 million, and the total equity is $8,054 million. Consequently, the debt to equity ratio is $77,052 million / $8,054 million ≈ 9.57.
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What does it mean to be in business? And what are the benefits of having your own business?
(Take your time please and thank you)
personal protective equipment should be selected based upon the types of exposure that are reasonably anticipated
The given statement "personal protective equipment (PPE) should be selected based upon the types of exposure that are reasonably anticipated" is true as it is designed to safeguard people.
When determining the appropriate personal protective equipment (PPE) to use in a particular work environment or situation, it is crucial to consider the potential hazards and exposures that workers may encounter. PPE is designed to protect individuals from specific workplace hazards that can include physical, chemical, biological, or ergonomic risks.
The selection of PPE should be based on a thorough assessment of the workplace and the tasks being performed. This assessment helps identify the potential sources of exposure and determines the appropriate types of PPE needed to mitigate those risks.
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