1. Which of the following types of relationships exists when a person hires another person to perform some form of physical service but does not authorize that person to enter into contracts on his or her behalf? A) employer-employee relationship
B) employer-agent relationship
C) principal-third party relationship
D) principal-agent relationship

Answers

Answer 1

Answer:

Answer:

the best answer i can find here is A

Related Questions

Suzie generally prepares the majority of meals for her family. Even though she always prepares meals that are high in nutrients, she tends to make the same meals repeatedly. Which one of these characteristics of a healthful diet is missing from Suzie's meal planning
Accounting professionals can perform various services that provide assurance about the and of information given by one party to another.True / False.
Whirlpool is a company that organizes its sales force along customer or industry lines. For example, Whirlpool assigns individual teams of sales people to its different customers: Lowe's, Bust Buy, and Home Depot. Which sales force structure is Whirlpool using?
Learning design software, applying to college and creating a website to showcase work are examples of _____________ that lead to a career as a graphic artist.A.) Long term goalsB.)Soft skills C.)Keys to successD.)Short term goals
Mary Parker Follett felt that managers should act as ______ rather than dictators.

James Corporation owns 80 percent of Carl Corporation’s common stock. During October, Carl sold merchandise to James for $250,000. At December 31, 40 percent of this merchandise remains in James’s inventory. Gross profit percentages were 20 percent for James and 30 percent for Carl. The amount of intra-entity gross profit in inventory at December 31 that should be eliminated in the consolidation process isa. $24,000b. $30,000c. $20,000d. $75,000

Answers

Answer:

unrealised profit on unsold stock with james corporation = $30000

so correct option is b. $30,000

Explanation:

owns = 80 %

sold = $250,000

inventory = 40 %

Gross profit = 20 %

Gross profit = 30 %

amount of intra entity gross profit

solution

unsold stock with james corporation are = 40 % of $250000

unsold stock with james corporation = $100,000

and

unrealised profit on unsold stock with james corporation is in consolidated statement is = unsold stock with james corporation × profit rate i.e 30%

unrealised profit on unsold stock with james corporation = $100000 × 30%

unrealised profit on unsold stock with james corporation = $30000

so correct option is b. $30,000

Which of the following is true about a merit increase in pay? It is based only on how long you have been with the company..
You have prove that you deserve it more than your coworkers..
You might have to wait for a certain anniversary date to get it..
You automatically receive merit raises every year..

Answers

The correct answer is You have prove that you deserve it more than your coworkers.

Merit increases mean that you get things according to how good you are at what you're doing. A society that functions this way is called a meritocracy.

Answer:

You might have to wait for a certain anniversary date to get it.

Explanation:

I'm unsure why this correct, but I got the answer wrong with the other person's answer and it said this was the right one.

A way to account for petty cash by maintaining a constant balance in the petty cash account and which at any time requires that cash plus petty cash tickets must total the amount allocated to the petty cash fund, is known as the ________.

Answers

Answer:

Imprest system

Explanation:

An imprest system is an accounting system where a fixed amount is reserved which needs to be replenished when required after a period of time. The source of the replenishment will be from another source for example from a bank account.

The imprest system only allows a replenishment of the amount that has been spent. For example of a petty cash account has $500 and $300 was spent that month, at the end of the month the $300 spent will be replaced.

Who is responsible for reporting identity fraud?Choose one answer.
a. The victim of fraud
b. The police
c. Any of the three credit reporting agencies
d. The company that accepted a stolen credit card or false information

Answers

A. The victim of fraud is the one responsible for reporting identity fraud.

First and foremost, you are the only one who knows yourself. Not the police nor any of the three credit reporting agencies. So whenever something happens like purchases made using your credit card and you know for a fact that you did not use your card nor give permission to anyone to use your card, then you are a victim of identity fraud.

You must report to three major credit card bureaus. Call their fraud departments directly and request that a fraud alert be placed on your file. This will alert your creditors to contact you directly before any credit card purchased be made and confirm whether the transaction is legit or not.

You also must close accounts that you believe have been tampered with and file a police report. You must also contact your bank, card issuers, and other creditors personally to inform them of identity fraud at the same time protect you rights.

Final answer:

The victim of identity fraud is responsible for reporting the incident, but it is also important to involve the police and credit reporting agencies. The victim should also notify the company that accepted the stolen credit card or false information.

Explanation:

The responsibility for reporting identity fraud lies with the victim of fraud. When an individual becomes a victim of identity theft or fraud, it is important for them to promptly report the incident to the local police. The police can then investigate the matter and gather evidence to help catch the perpetrators. Additionally, the victim should also report the fraud to the three major credit reporting agencies, namely Equifax, Experian, and TransUnion.

These agencies can place a fraud alert on the victim's credit report, making it difficult for the thief to open new accounts in their name. Lastly, in cases where a stolen credit card or false information was used, the victim should inform the company that accepted the fraudulent transactions. This allows the company to take appropriate action and protect other consumers.

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The Smiths' purchased a residence for $75,000. They made a down payment of $15,000 and agreed to assume the seller's existing mortgage, which had a current balance of $23,000. The Smiths' financed the remaining $37,000 of the purchase price by executing a second mortgage whereby the seller became a mortgagee. This type of loan is called a _______.

Answers

Answer:

Purchase money mortgage.

Explanation:

A purchase money mortgage is the loan that is given to the individual buying the property.

This loan is issued by the seller of the property as a part of the transaction made when selling the property. The interest rate that comes with this type of loan is high.

The buyers benefit from the purchase money mortgage due to the flexible requirements that is needed in collecting the loan while the sellers benefits from the high interest rates that is added to the loan.

gomez corporation uses the allowance method to account for uncollectibles. on january 31, it wrote off an $1,600 account of a customer, c. green. on march 9, it receives a $1,100 payment from green. prepare the journal entry for january 31. prepare the journal entries for march 9; assume no additional money is expected from green.

Answers

The journal entries for Gomez Corporation for January 31 and March 9 are being prepared below. This would record the partial recovery of the previously written-off amount.

Journal Entries in the books of Gomez Corporation

(as on January 31)

For January 31, when Gomez Corporation writes off the $1,600 account of customer C. Green using the allowance method, the journal entry would be:

1. Debit Allowance for Doubtful Accounts: $1,600
2. Credit Accounts Receivable - C. Green: $1,600

Journal Entries in the books of Gomez Corporation

(as on March 9)

The journal entries for March 9, when Gomez Corporation receives a $1,100 payment from C. Green and no additional money is expected, are as follows:

1. Debit Cash: $1,100
2. Credit Allowance for Doubtful Accounts: $1,100

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After a job interview, you should _____.celebrate write a thank-you letter call the interviewer immediately to see if you got the job call your friend to tell them about the interview I think its B am I right?