An agency that occurs when a principal and an agent categorically agree to enter into an agency agreement with each other is known as a(n) ________
A) agency by ratification
B) implied agency
C) apparent agency
D) express agency
D
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________ means trying to increase sales of a firm's present products in its present markets.
A. Market development B. Market penetration C. Differentiation D. Product development E. Diversification
Which of the following refers to the rules used to guide shipping cost, risk, and responsibility assignment?
a. Trade rules b. Fair trade terms c. Incoterms d. Dublin terms
Symons Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$225,000 $160,000 Accounts receivable, net 191,000 180,000 Inventory 96,000 110,000 Prepaid expenses 91,000 80,000 Total current assets 603,000 530,000 Plant and equipment, net 810,000 840,000 Total assets$1,413,000 $1,370,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$226,000 $190,000 Accrued liabilities 66,000 70,000 Notes payable, short term 54,000 50,000 Total current liabilities 346,000 310,000 Bonds payable 170,000 170,000 Total liabilities 516,000 480,000 Stockholders' equity: Common stock, $5 par
value 250,000 250,000 Additional paid-in capital 70,000 70,000 Retained earnings 577,000 570,000 Total stockholders' equity 897,000 890,000 Total liabilities & stockholders' equity$1,413,000 $1,370,000 Income StatementFor the Year Ended December 31Sales (all on account)$1,260,000 Cost of goods sold 760,000 Gross margin 500,000 Operating expenses 473,429 Net operating income 26,571 Interest expense 13,000 Net income before taxes 13,571 Income taxes (30%) 4,071 Net income$9,500 Dividends on common stock during Year 2 totaled $2,500. The market price of common stock at the end of Year 2 was $2.01 per share.The company's book value per share at the end of Year 2 is closest to: A. $0.19 per share B. $11.54 per share C. $17.94 per share D. $28.26 per share
A tabular representation of the payoffs for a decision problem is a _____
a. decision tree b. payoff table c. matrix d. sequential matrix