Subagents work for the agent and owe duties to:
a. only the agent
b. only the principal
c. both the agent and the principal d. no one
e. none of the other choices are correct
c
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If the ratio of currency to transaction accounts is 1, the ratio of nontransaction accounts to transaction accounts is 6, the ratio of retail money-market funds to transaction accounts is 2, the ratio of required reserves to transaction accounts is 0.07, and the ratio of excess reserves to transaction accounts is 0.02, calculate the M1 multiplier and the M2 multiplier.
What will be an ideal response?
Which of the following MIS systems is a costly, fully integrated database combining the management of all major business activities with support activities?
A) ABM B) ERP C) SaaS D) TQM
According to the doctrine of strict liability, which of the following parties is strictly liable for injuries caused by a defective product?
A. only the manufacturers of the products B. only the parties directly involved in the sale of the product to the customer C. all parties providing services related to the product D. all parties in the chain of distribution
Harold's Five & Dime Harold's Five & Dime is a merchandising company that uses the periodic inventory system. Selected account balances are listed below. Sales $175,000 Gross purchases 90,000 Beginning inventory 23,000 Ending inventory 17,000 Purchase returns and allowances 3,000 Purchase discounts 7,000 Transportation-in 4,000 Sales discounts 8,000 Sales returns and allowances 5,000 Calculate
Harold's net purchases. A) $ 84,000 B) $ 90,000 C) $103,000 D) $117,000