Knowledge about the behavior of different costs in a service department such as maintenance can be used to ________
A) plan costs
B) provide feedback to managers
C) make decisions about the most efficient use of resources
D) all of the above
D
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Johnson Tires Company uses the indirect method to prepare the statement of cash flows
Refer to the following comparative balance sheet for Johnson Tires Company and complete the third column to show the increases or decreases. Johnson Tires Company Comparative Balance Sheet December 31, 2017 and 2016 Increase/ 2016 2015 (Decrease) Cash $39,600 $19,800 Accounts Receivable 26,400 38,500 Merchandise Inventory 204,000 126,500 Total Assets 270,000 184,800 Accounts Payable 4,800 6,600 Accrued Liabilities 2,400 1,100 Long-term Notes Payable 100,800 99,000 Total Liabilities 108,000 106,700 Common Stock 36,000 2,200 Retained Earnings 135,600 81,400 Treasury Stock (9,600 ) (5,500 ) Total Stockholders' Equity 162,000 78,100 Total Liabilities and Stockholders' Equity $270,000 $184,800 What will be an ideal response
Which of the following is true of tort liability for principals and agents?
A) A principal is responsible for the tortious conduct of an agent irrespective of the scope of his or her authority. B) An agent is fully liable for his or her tortious conduct while on duty for the principal. C) An agent is liable for the principal's tortious conduct if he or she participates in it. D) An agent and a principal cannot be held responsible for the same tort.