explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.
explanation:
kool beans
The $20 amount of sales has increased
Explanation:
The amount of increased sales for the year 2014 is computed as:
Increased sales = Sales / Pre- tax earnings
where
Sales for the year amounts to $10,000,000
Pre- tax earnings for the year amounts to $500,000
Putting the values above:
Increased Sales = $10,000,000 / $500,000
= $20
Here we have to found, the increased sales, so only the sales amount and the earnings is considered while computing or evaluating the same.
NOTE: Here the question is missing as in the items are missing. So, I am providing the same. This is the question:
Flingers Company states the information in their annual report for the year 2014.
Earnings and Expense as:
Sales- $10,000,000
Cost of goods sold -$5,000,000
Pretax earnings -$500,000
Few Items of Balance Sheet
Merchandise inventory - $80,000
Total assets -$2,000,000
explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.