Miracle Motors employs Norris as a sales agent for a trial period. At the end of the period, Miracle Motors and Norris disagree on the amount of the commissions Norris is due for sales that he made. Norris may demand

A. a constructive trust.
B. an accounting.
C. nothing.
D. specific performance.


Answer: B

Business

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During a year-end evaluation of the financial records of the Matthew Company for the year ended December 31, 2016, the following was discovered: · Inventory on January 1, 2016, was understated by $6,000. · Inventory on December 31, 2016, was understated by $18,000. · Rent of $20,000 collected in advance on December 29, 2016, was included in income for 2016. · A probable, reasonably estimated

contingent liability of $30,000 was not recorded as of December 31, 2016. Net income for 2016 (before any of the above items) was $250,000. What is the corrected amount of net income for 2016? (Ignore income taxes.) A) $300,000 B) $208,000 C) $212,000 D) $218,000

Business

A check for which a maker's bank account has inadequate money to pay the check is known as a ________.

A) nonsufficient funds check B) outstanding check C) restrictive check D) canceled check

Business

Briefly describe the three stages of the business cycle that all economies go through

What will be an ideal response?

Business

Describe the significance of public relations as a mass-promotion tool

What will be an ideal response?

Business