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2 years ago

Which events listed below would terminate a brokerage relationship where a broker represented a seller

Business

1 answer:

sertanlavr [38]2 years ago

5 0

The events listed that would terminate a brokerage relationship where a broker represented a seller are:

The house sold and the transaction closed
The owner declares personal bankruptcy

<h3>Who is a broker?</h3>

Broker is a person or a company whose work is to sell a company's products hence charge a commission for each product sold. He is like an intermediator between the company and the client.

An agency relationship creates a fiduciary duty owed by the agent to the principal, hence must act in the best interest of his principal at all times.

However, a brokerage relationship may be dissolved where the owner of an item is declared bankruptcy and also were transaction have been completed or closed.

Learn more about brokerage here: brainly.com/question/7284696

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Which of these results in a lower net income?

kozerog [31]

I think the correct answer from the choices listed above is the third option. It is the withholdings that result in a lower net income. <span>A </span>withholding<span> tax, also called a retention tax, is a government requirement for the payer of an item of income to </span>withhold<span> or deduct tax from the payment, and pay that tax to the government. </span>

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3 years ago

Read 2 more answers

Mink Corporation purchases new office furniture for $7,200,000 on January 1, 2022. Mink estimates that the furniture has a $400,

TiliK225 [7]

In 2026, the deprecation schedule would show a depreciation expense of $360,000.

<h3>What would be the deprecation expense for 2026?</h3>

The first step is to determine the accumulated deprecation up until 2026.

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($7,200,000 - $400,000) / 8 = $850,000

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Book value at the beginning of 2026 = $7,200,000 - $3,400,000 = $3,800,000

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To learn more about straight line depreciation, please check: brainly.com/question/6982430

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2 years ago

Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible. July 29 Reinstated the acc

PIT_PIT [208]

Answer:

Mar 17.

6150 Bad Debt Expense $1.000 - Debit

1010 CASH Operating Account $275 - Debit

1290 A/REC Allowance for Uncollectible Accounts $1.000 - Credit

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Jul 29.

1290 A/REC Allowance for Uncollectible Accounts $1.000 - Debit

1010 CASH Operating Account $1.000 - Debit

6150 Bad Debt Expense $1.000 - Credit

1220 A/REC Trade Notes Receivable $1.000 - Credit

Explanation:

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3 years ago

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Vlad1618 [11]

Answer:

sender

Explanation:

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4 years ago

Which of the following is a false completion of the following: "Congress has the authority to declare war..."

Yakvenalex [24]

Answer: E. and exercise this authority with great frequency

Explanation:

The Congress has the authority to declare war but has not been exercising this authority with great frequency most times they are reluctant to declare war and has only declared eleven wars in the history of America.

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3 years ago