Rosa introduces Sal to her friend Trey as “my associate.” Sal purports to act as Rosa’s agent in a business transaction with Trey. If Rosa is liable for Sal’s actions, it will be because their relationship is

A. an agency by agreement.
B. an agency by estoppel.
C. an agency by operation of law.
D. not an agency relationship.


Answer: B

Business

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Indicate whether the statement is true or false

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Regarding trade in services under NAFTA: A) no NAFTA country can require a North American service provider to have a residence or office within its border

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Tomlison Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:    Cost of goods manufactured$1,589,000Cost of goods sold (unadjusted)$1,517,000 The journal entry to record the unadjusted Cost of Goods Sold is:

A.

 
Finished Goods1,589,000 ??
Cost of Goods Sold 1,589,000

B.
 
Cost of Goods Sold 1,589,000 ??
Finished Goods 1,589,000

C.
 
Finished Goods1,517,000 ??
Cost of Goods Sold 1,517,000

D.
 
Cost of Goods Sold1,517,000 ??
Finished Goods 1,517,000

Business

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Indicate whether the statement is true or false

Business