Implied ratification of an agency occurs when the principal:
a. fails to object to the unauthorized activities of an agent
b. by action shows a clear intent to be bound by unauthorized acts of the agent c. accepts the benefits of an unauthorized agreement with a third party
d. fails to object to the unauthorized activities of an agent and accepts the benefits of an unauthorized agreement with a third party
e. fails to object to the unauthorized activities of an agent and accepts the benefits of an unauthorized agreement with a third party and by action shows a clear intent to be bound by unauthorized acts of the agent
d
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Which of the following is an example of a consumer price-oriented promotion?
A) off-invoice allowance B) money-back offer C) market development funding D) sampling
A company had no office supplies available at the beginning of the year. During the year, the company purchased $300 worth of office supplies. On December 31, $90 worth of office supplies remained. How much should the company report as office supplies expense for the year?
A. $90. B. $300. C. $190. D. $390. E. $210.
The effective interest method produces a constant dollar amount of interest expense to be reported each interest period
Indicate whether the statement is true or false
The monthly income of residents of Daisy City is normally distributed with a mean of $3000 and a standard deviation of $500. a.The mayor of Daisy City makes $2,250 a month. What percentage of Daisy City's residents has incomes that are more than the mayor's?b.Individuals with incomes of less than $1,985 per month are exempt from city taxes. What percentage of residents is exempt from city taxes?c.What are the minimum and the maximum incomes of the middle 95% of the residents?d.Two hundred residents have incomes of at least $4,440 per month. What is the population of Daisy City?
What will be an ideal response?