All categories

2 years ago

How long after being granted bic eligibility does the broker have to complete the required 8-hour bic training?

1 answer:

8 0

The lengthy after being granted BIC eligibility does the dealer have to complete the specified 8-hour basic training: 120 days

For you to qualify for BIC Eligible status, a dealer have to: keep an energetic license; have acquired at least two years of actual estate brokerage revel in equivalent to 40 hours according to a week inside the preceding 5 years; publish the Request for BIC Eligible reputation and/or BIC Designation form (REC 2.25); and.BIC Eligible way a broking's license reputation who has happy the broking-in-charge qualification necessities and filed software pursuant to G.S. 93A-four.2 and 21 NCAC 58A.

A good way to obtain the BIC Eligible on their license, a dealer must meet the subsequent necessities: preserve an active broking's license (no longer provisional status) Have two years of complete-time brokerage experience or 4 years of part-time brokerage revel in within the previous 5 years.

Learn more about BIC eligibility here: brainly.com/question/25920220

#SPJ4

You might be interested in

Porter Co. owned all of the voting common stock of Simi Corp. The corporations' balance sheets dated December 31, 2018, include

Katena32 [7]

Answer: $672,000

Explanation:

Porter sold land to Simi which means that their land balance reduces. Simi's however increases by the same amount. As Porter owned all the voting stock, the sale will be accounted for at the book value.

The Consolidated balance for land in 2020 will therefore be calculated as,

= (Porter land value - Sales price) + (Simi land value + Sales price)

= (416,000 - 65,000) + (256,000 + 65,000)

= 351,000 + 321,000

= $672,000

The book value of the Consolidated land will be $672,000 in 2020.

3 0

3 years ago

Ronnie, the advertising manager of a leading newspaper, congratulates every member of the space selling team who achieves his or

gogolik [260]

Answer:

The correct answer is letter "C": Leading.

Explanation:

Leading is the activity individuals engage in any aspect, in any field, when they naturally take responsibility for managing a group of people to achieve a collective goal helping each member of the team reach their personal objectives. Leaders tend to set an example that attracts subordinates. In return, leaders give appraisal to their followers after every little piece of work is done effectively.

4 0

3 years ago

Read 2 more answers

Which of the following depicts the proper sequence of steps in the accounting cycle?

ycow [4]

Answer:

Option D. Prepare a trial balance, prepare adjusting entries, prepare financial statements

Explanation:

The accounting cycle sequence is given as under:

Analyzing the business
Journalize the Transactions
Post to Ledger Accounts
Prepare a Trial Balance
Posting adjusting entries and Preparing an adjusted trial balance
Preparing the financial statements
Journalize and post closing entries
Prepare a post closing trial balance and financial statement

So we can see that the three steps highlighted above are the sequence shown in the option D. Hence option D is correct.

5 0

3 years ago

A company estimates that an average-risk project has a WACC of 10 percent, a below-average-risk project has a WACC of 8 percent,

prisoha [69]

Answer:

B) Project B has below-average risk and an IRR = 8.5 percent.

Explanation:

Since the evaluation is based on IRR, use IRR rule that says you accept a project if its IRR > Cost of capital(WACC in this case)

Project A's IRR of 9% is < 10% WACC for average risk projects hence reject it.

Project B's IRR of 8.5% is > 8% WACC for below- average risk projects hence accept it.

Project C's IRR of 11% is < 12% WACC for above- average risk projects hence reject it.

8 0

3 years ago

The Sports Warehouse operates in two distinct segments; equipment and apparel. The income statements for each operating segment

tatuchka [14]

Answer:

Vertical analysis of The Sports Warehouse's two operating segments.

Equipment Apparel

Amount$ % Amount$ %

sales 1,700,000 100 2,850,000 100

Cost of goods sold 1,100,000 64.7 1,400,000 49.1

Gross profit 600,000 35.3 1,450,000 50.9

Operating expenses 250,000 14.7 500,000 17.5

operating income 350,000 20.6 950,000 33.3

other income/expenses 25,000 1.50 (60,000) 2.1

income before tax 375,000 22.1 890,000 31.22

income tax expense 90,000 5.30 280,000 9.8

net income 285,000 16.8 610,000 21.4

The a) Apparel segment is more profitable than the b) Equipment segment

Explanation:

Vertical analysis ios made by taking a percentage of each lsited items of income statement to a base value. Normally the base value is the sales value. In this question I have calculated all the percentage based on the sales value.

Gross Margin

By comparing the Gross margin of both segments, 50.9% of apparel is more than that of 35.3% of Equipment. So, Apparel segment is more profitable.

Net Margin

By comparing the Net margin of both segments, 21.4% of apparel is more than that of 16.8% of Equipment. So, Apparel segment is more profitable.

4 0

3 years ago

Read 2 more answers