The_________relationship permits the owner of a business to expand by employing any number of persons to make contracts with third parties that bind the firm

Fill in the blank(s) with correct word


principal; agent

Business

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Answer the following statements true (T) or false (F)

The FASB has made more extensive use of research than did its predecessors.

Business

Internal corporate venturing consists of creating something new of value either by redefining the company's current products or services, developing new markets, or forming more formally autonomous or semiautonomous units or firms. 

Answer the following statement true (T) or false (F)

Business

If we wanted to represent an office layout as a network flow problem, which of the following would be represented as a branch?

A) offices B) waiting areas C) heating and ventilation systems D) computer rooms

Business

Orchard has forecast sales to be $250,000 in February, $270,000 in March, $300,000 in April, and $280,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 60% in the month of sale, and 40% the month following. What is the budgeted Accounts Receivable balance on May 31?

A. $168,000 B. $112,000 C. $196,000 D. $117,600

Business