Answer:
Representing the buyer's interests
Explanation:
Buyer's agents a person or a group which is hired to bid on a certain assets on behalf of the buyer. People usually use buyer's agent on expensive purchase such as properties, expensive antique, etc.
Buyer's agents are tied by an ethical code that they have to find the assets on the best price possible for the customers, without compromising the quality of the asset itself.
Answer:
Reimbursement.
Explanation:
When an agent incurs expenses while acting in the interest of principal them the principal is obligated to reimburse the agent the funds spent.
In this scenario Jody is an agent for Insta Cross Country Trucking Inc. In the course of Jody's performance for the firm, Jody pays Heck for certain vehicle maintenance and repair services. Jody has the right to request for refund based on principal's duty of reimbursement.
The action taken must be verified to be in the interest of the principal if not she will not be entitled to reimbursement.
Answer: Return the car and pay for the damage(D)
Explanation:
To disaffirm a contract means to avoid the obligations in a contract. A contract can be disaffirmed by a minor when he shows an intent that he or she isn't bound by it. Contracts can be disaffirmed by minors before they reach eighteen years. When a minor disaffirms a contract, all properties transferred to the minor can be gotten back.
In the scenario explained in the question, even though Eddie had damaged the car, he can disaffirm the contract and satisfy his duty if restitution by returning the car and paying for damage.
Answer:
transferred out (COGM) 131,000
Cost of goods sold: 129,000
Explanation:
DM used 46,500
Direct labor 27,500
Overhead <u> 55,000 </u>
Total: 129,000 cost added for the period
Then, we calcualte the amount transferred-out:
Beginning WIP 14,000
Cost added 129,000
Ending WIP (12,000)
Trasferred out: 131,000 (cost of goods manufactured)
And finally, the cost of goods sold for the year:
Beginning FG 16,000
Trasferred out 131,000
Ending FG (18,000)
COGS: 129,000
Answer:
Explanation:
Firs, find the markup amount in dollars;
Markup amount = Cost * markup rate
Cost = $22
markup rate = 30% or 0.30 as a decimal
Markup amount = 0.30*22 = $6.6
Next, find the retail price using the markup amount calculated above;
Retail Price = Markup amount + cost
Retail price = $6.6 +$22
= $28.6
Therefore, the sneakers retail price is $28.6
