Answer: Fred
Explanation:
Here in this real estate transaction there are three parties they are Fred, Nancy and Harold. Fred is the agent of Harold and Harold is the principle while Nancy is the third party. Here one can see that there is a fiduciary trust placed by Harold on Fred.
In fiduciary trust the assets are held by Fred on behalf of the beneficiary Harold. Fred has to act in the best interest of Harold as he his managing Harold's asset.
friend. She is having difficulty understanding the purposes of financial statements and how they fit together across time.
Required Write a one-page memorandum to Stanley explaining the purposes of the four financial statements and how they are linked across time.
the four financial statements are: (1) balance sheets; (2)income statements (3) cash flow statements (4) statement of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time. income statements show how much money a company made and spent over a period of time.
Net income links to both the balance sheet and cash flow statement. In terms of the balance sheet, net income flows into stockholder's equity via retained earnings. ... In terms of the cash flow statement, net income is the first line as it is used to calculate cash flows from operations.
Answer: Shareholders, companies and the economy
Explanation:
When the profits of the bank increase it increases the share price and also profits is paid as dividends for the shareholders. So the first and foremost beneficiaries from bank profits are shareholders.
Companies enjoy the benefits of bank profits. When the banks are profitable they lend more loans to existing and new companies. Also banks helps to increase the trade activities of the companies.
The economy is stabilized when the banks are making profits. It means the banks do not have any unpaid loans and the money flow in the economy is smooth.
A business partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. A partnership is a business with multiple owners, each of whom has invested in the business.
The correct answer to this open question is the following.
Although the question is incomplete because it does not attach the model to answer it we can comment on the following.
The problem is that Jamal, trying to increase profits, decided to sell two different products that are not part of the Subway products. When the franchisor visited Jamal's location, it realized the changes and set an ultimatum to Jamal to respect the franchise agreement.
The cause of the problem is that although Jamal wanted to diversify the products to have more income, this contradicts and is against the franchise agreement he signed when he bought the Subway franchise. The contract clearly states that the owner of the franchise can only sell products authorized in the contract by Subway. That is exactly one of the characteristics of a franchise. That you visit one of them any place in the world, and you are going to find de the same products with the same quality. That is the product guarantee of a franchise like Subway.
So the effects for the company are that its reputation an image can be questioned for selling different products that are hot approved by Subway. It is a major risk the company is not going to allow. Furthermore, it is stated in the contract. So Jamal has no right to break it.
One possible solution is that Jamal respects those 30 days to make the proper corrections, follow the guidelines established in the Subway's manuals, offer a sincere apology, and commit himself to operate the franchise just as it is stated on the agreement.