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What is the rationale in allowing express oral agencies (i.e., no prior written contract) to bind principals by the promises or acts of an agent to a third party?Why not simply require that all types of agency be in writing?
Accounting Basics, Accounting
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Question - What is the present value of $7,160 to be received at the end of each of 18 periods, discounted at 5% compound interest?
Question - Aztec Company sells its product for $160 per unit. Its actual and budgeted sales follow. Units Dollars April (actual) 3,500 $560,000 May (actual) 2,400 $384,000 June (budgeted) 5,000 $800,000 July (budgeted) 4 ...
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