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Which of the following is false regarding the power of administrative agencies? Answer Agencies can sign contracts. A person acting on behalf of an administrative agency may bind the agency in
accordance with the person s actual or apparent authority. Agencies may produce products. Agencies may provide benefits.
Agencies may provide benefits.
Expert answered|newbre|Points 20|
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Asked 11/11/2012 5:51:51 AM
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Identify and then explain the two most important elements of a contract that every manager should know about. Support your answer with an example or rationale.
Weegy: Different sections of the Indian Contract Act lay down the essential elements of the contract. I personally believe that the two most important elements are proposal and acceptance and enforceability by law. [ While there are several other elements that are necessary to make a valid contact, these are the two that would be impossible to work around. ] (More)
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Asked 11/10/2012 8:21:22 PM
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On October 31, the stockholders' equity section of Huth Company consists of common stock $300,000 and retained earnings $900,000. Huth is considering the following two courses of action: (1) declaring a 5% stock dividend on the 30,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share.
Weegy: Before Stockholders' equity Paid-in capital Common Stock 300,000 In excess of par value Total paid-in capital 300,000 Retained earnings 900,000 Total stockholders' equity 1,200,000 Par value per share 10 After Stock Dividend Stockholders' [ equity Paid-in capital Common Stock 315,000 In excess of par value 6,000 Total paid-in capital 321,000 Retained earnings 879,000 Total stockholders' equity 1,200,000 Par value per share 10 After Stock Split Stockholders' equity Paid-in capital Common Stock 300,000 In excess of par value Total paid-in capital 300,000 Retained earnings 900,000 Total stockholders' equity 1,200,000 Par value per share 5 The stock dividend is charged to retained earnings. The stock split has no effect on retained earnings. It does reduce the par value per share. ] (More)
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Asked 11/11/2012 6:06:35 AM
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The stockholders' equity section of O'Vear Corporation consists of common stock ($10 par) $2,000,000 and retained earnings $500,000. A 10% stock dividend (20,000 shares) is declared when the market value per share is $14. Show the before and after effects of the dividend on the following.
Weegy: Before Stockholders' equity Paid-in capital Common Stock 300,000 In excess of par value Total paid-in capital 300,000 Retained earnings 900,000 Total stockholders' equity 1,200,000 Par value per share 10 After Stock Dividend Stockholders' [ [ equity Paid-in capital Common Stock 315,000 In excess of par value 6,000 Total paid-in capital 321,000 Retained earnings 879,000 Total stockholders' equity 1,200,000 Par value per share 10 After Stock Split Stockholders' equity Paid-in capital Common Stock 300,000 In excess of par value Total paid-in capital 300,000 Retained earnings 900,000 Total stockholders' equity 1,200,000 Par value per share 5 The stock dividend is charged to retained earnings. The stock split has no effect on retained earnings. It does reduce the par value per share. ] ] (More)
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Asked 11/11/2012 8:07:18 AM
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