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77julia77 [94]
2 years ago
9

In which of the following situations would a delegation of contractual duties be allowed? Multiple Choice A painter hired to pai

nt your home. A sculptor hired to sculpt your bust. An actor hired to perform in a play. A surgeon performing brain surgery.
Business
1 answer:
Trava [24]2 years ago
8 0

Answer:

A painter hired to paint your home.

Explanation:

Delegation of contractual duty occurs when the individual that is supposed to perform a task transfers the responsibility of performing the task to another person.

For example if someone is supposed to paint a house but he has other engagements. He can delegate to another painter to perform the painting.

Delegation does not transfer contractual rights as the original person still collects payment for performance of the task.

Usually delegation can occur for tasks that do not require special skill and can be performed by anyone.

In the other scenarios special skill is required so delegation will not be usually allowed.

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The Heather Honey Company purchases honeycombs from beekeepers for $2.00 a pound. The company produces two main products from th
crimeas [40]

Answer:

a. $0.98

b. 6,000 container

Explanation:

a. The computation of the incremental contribution margin per container is shown below:

= Drop selling price - total variable manufacturing cost - drop selling price × sales commission - sale value in raw form × basis

= $4.40 - $0.95 - $4.4 × 5% - 3 × 3 ÷ 4

= $0.98

b. The minimum number of containers of candy  sold each month is

= (Per month salary paid to sales person + Master candy maker salary) ÷ ( incremental contribution margin per container)

= ($2,000 + $3,880) ÷ $0.98

= 6,000 container

We simply applied the above formulas so that the a and b part could arrive

6 0
2 years ago
Research an example of a monopoly in the United States economy, past or present. Construct a brief explanation of the monopoly a
a_sh-v [17]
 I don't think there's anything more annoying than the ISP monopolies, specifically Comcast which has most of the US I believe. They never bother to upgrade their services only their prices and stupid cable bundle packages. I'm lucky enough to live in a large metropolitan area where a new fiber internet company just started up but before this last year there were only two ISP choices; Comcast or Century link. Suburban and rural areas typically only get one choice; expensive slow internet service from a local ISP monopoly.

8 0
2 years ago
Read 2 more answers
Patty Corporation holds 75 percent of Slider Corporation's voting common stock, acquired at book value. The fair value of the no
Marina86 [1]

Answer:

1) d. $175,000

2) b. $156,250

Explanation:

1. The computation of net income for 20X9 under the treasury stock method is shown below:-

Net income for 20X9 under the treasury stock method = Janet Operating income + Slider operating income

= $100,000 + $75,000

= $175,000

2. The computation of income assigned to the controlling interest for 20X9 is shown below:-

income assigned to the controlling interest for 20X9 = Janet Operating income + (Slider operating income × Remaining percentage)

= $100,000 + ($75,000 × 75%)

= $100,000 + $56,250

= $156,250

Therefore we have applied the above formulas.

5 0
2 years ago
Which of the following observations would be consistent with the imposition of a binding price ceiling on a market? After the pr
Georgia [21]

Answer:

A. A smaller quantity of the goods bought and sold.

Explanation:

A binding price ceiling is a situation where the government sets the market price of a good or goods below equilibrium. This usually makes the price to bind the good or goods.

One of the things this situation leads to is the reduction on the quantity of goods that will be sold and bought.

3 0
2 years ago
Read 2 more answers
Brown Office Supplies recently reported $20,000 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depre
laiz [17]

Answer:

Net earnings before taxes = $9,300

Explanation:

Provided information, we have

Sales for the period = $20,000

Less: Operating Cost = $8,250

Less: Depreciation = $1,750

Operating income = $10,000

Less: Interest = $10,000 \times 7% = $700

Thus, net earnings before taxes = $9,300

Note: All the expenses including depreciation, and interest are charged before taxes.

Therefore, depreciation and interest has been deducted before charging taxes.

4 0
2 years ago
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