Which of the following statements, if any, represent a principal’s duty to an agent who works on a commission basis?

a) The principal is required to maintain pertinent records and pay the agent according to the terms of their agreement.
b) The principal is required to reimburse the agent for all authorized expenses incurred unless the agreement calls for the agent to pay expenses out of the commission.
c) Both a) and b).
d) None of the above.

a) The principal is required to maintain pertinent records and pay the agent according to the terms of their agreement.

Explanation:

The relationship between agent and principle is agreement based and differs from other agent-principle relationships.

Commission will be paid to agent as per their agreement.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.

hope it ,

bioteacher101