Can anyone become an agent? Explain the requirements one needs to become an agent
Ordinarily, any person who has sufficient intelligence to carry out a principal's orders may be appointed to act as an agent. The law does not impose this requirement. It arises from the practical consideration of whether the principal wants to have the particular person act as an agent. Corporations and partnerships may act as agents. In some cases, however, an agent cannot perform some types of transactions without meeting certain requirements. For example, in many states a real estate agent must possess certain definite qualifications and must, in addition, secure a license to act in this capacity. Failure to do this disqualifies a person to act as an agent in performing the duties of a real estate agent.
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In a rejoinder, the defendant's attorney can call additional witnesses and introduce other evidence to counter the plaintiff's rebuttal.
Answer the following statement true (T) or false (F)
On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Jepson makes on September 18 is:
A.
| Accounts payable | 5,800 | |
| Purchases discounts | 116 | |
| Cash | 5,684 |
B.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |
C.
| Purchases | 5,684 | |
| Cash | 5,684 |
D.
| Accounts payable | 5,800 | |
| Merchandise inventory | 116 | |
| Cash | 5,684 |
E.
| Cash | 5,684 | |
| Purchases discounts | 116 | |
| Accounts payable | 5,800 |
The first phase of the writing process involves analyzing the audience and your purpose for writing, anticipating your audience's reaction to your message, and A) investigating background information
B) composing your message. C) adapting your message to the audience. D) looking for previous company documents on the topic.
The following balance sheet information is provided for Patton Company:AssetsYear 2 Year 1Cash$4,000 $2,000 Accounts receivable 15,000 12,000 Inventory$35,000 $38,000 Assuming Year 2 cost of goods sold is $730,000, what is the company's average days to sell inventory? (Use 365 days in a year. Do not round your intermediate calculations.)
A. 17.5 days B. 20.86 days C. 19 days D. 18.25 days