The principal-agent problem arises when ________.
A) the owners of the firm are not the people managing the firm
B) the owners of the firm also manage the firm
C) managers serve on a firm's board of directors
D) a firm is organized as a sole proprietorship
A) the owners of the firm are not the people managing the firm
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The universal functions of marketing
A. are performed by the same parties in all economies. B. must be performed in all macro-marketing systems. C. are needed to help foster various separations and discrepancies. D. are performed the same way in all economies.
The following trial balance is prepared from the general ledger of HG's Auto Maintenance.HG'S AUTO MAINTENANCETrial BalanceOctober 31?DebitCreditCash $1,975?Accounts receivable 2,800?Supplies 500?Shop equipment 13,000?Office equipment 6,600?Accounts payable ?$ 4,510Common Stock ?22,000Dividends 4,200?Repair fees earned ?11,875Supplies expense 8,600?Totals $37,675$38,385Because the trial balance did not balance, you decided to examine the accounting records. You found that the following errors had been made:1. A purchase of supplies on account for $245 was posted as a debit to Supplies and as a debit to Accounts Payable.2. An investment of $500 cash by the sole stockholder was debited to Common Stock and credited to Cash.3. In computing the balance of the
Accounts Receivable account, a debit of $600 was omitted from the computation.4. One debit of $300 to the Dividends account was posted as a credit.5. Office equipment purchased for $800 was posted to the Shop Equipment account.6. One entire entry was not posted to the general ledger. The transaction involved the receipt of $125 cash for repair services performed for cash.Prepare a corrected trial balance for the HG's Auto Maintenance as of October 31. What will be an ideal response?
Explain the importance of naming conventions
What will be an ideal response?
The probability of going from state 1 in period 2 to state 4 in period 3 is
a. p12 b. p23 c. p14 d. p43