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2 years ago

Which missouri organization offers mediation and arbitration in handling commission disputes between members?

1 answer:

7 0

Missouri Association of REALTORS is a Missouri organization that offers mediation and arbitration in handling commission disputes between members.

How many members make up the Missouri Real Estate Commission board?

Six brokers and one unlicensed consumer make up the board of the Missouri Real Estate Commission, which has seven members. The MREC president proposes candidates, and the governor appoints them.

What does the MREC do?

MREC carries out the provisions of Section 339 of the Missouri Revised Statutes, such as the screening, granting of licenses, and oversight of real estate professionals.

What does the Missouri Real Estate Commission do?

The tasks required to implement the real estate license law's provisions are carried out by the Missouri Real Estate Commission.

Learn more about real estate professionals: brainly.com/question/28139126

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The following data concerns a proposed equipment purchase: Cost $144,000 Salvage value $4,000 Estimated useful life 4 years Annu

zvonat [6]

Answer:

Option (B) is correct

Explanation:

Depreciation expense:

= (cost - salvage value) ÷ estimated useful life

= ($144,000 - $4,000) ÷ 4

= $35,000

Average investment:

= (cost + salvage value) ÷ 2

= ($144,000 + $4,000) ÷ 2

= $74,000

Net income:

= Annual net cash flows - Depreciation expense

= $46,100 - $35,000

= $11,100

Accounting rate of return:

= (Net Income ÷ Average investment) × 100

= ($11,100 ÷ $74,000) × 100

= 15%

8 0

3 years ago

The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjus

sasho [114]

Answer: I)Accrued ReVenue /Service Revenue.

2.-Prepaid Expenses/ Insurance Expenses

3.No Entry

4.Prepaid expenses /depreciation expense

5.Accrued Interest payable/Interest Expenses

6.Accrued expenses/ Interest expenses.

7.Unearned expenses/ Service Revenue

Explanation:The type of adjusting entry/ the related account in the adjusting entry is given below

a)For Accounts Receivable---Accrued ReVenue /Service Revenue.

(b) For Prepaid Insurance---Prepaid Expenses/ Insurance Expenses

(c) Equipment ---- Equipment Exoenses. Equipment is a long-term asset that will not last so the cost of equipment is recorded in the account Equipment. No entry is needed in this account.

(d) For Accumulated Depreciation Equipment-----Prepaid expenses /depreciation expense

e) Notes Payable : Accrued Interest payable/ Interest Expenses

(f) Interest Payable--- Accrued expenses/ Interest expenses

(g) Unearned Service Revenue--Unearned expenses/ Service Revenue

7 0

4 years ago

1. Applying Overhead to Jobs, Costing Jobs Gorman Company builds internal conveyor equipment to client specifications. On Octobe

Nezavi [6.7K]

Answer:

Job 877 878 879 880

Beginning 18,640

Materials 14,460 6,000 3,500 1,800

Labor 14,800 8,500 1,750 2,150

<em><u>Overhead 11,840 6,800 1,400 1,720 </u></em>

Total 59,740 21,300 6,650 5,670

WIP 21300 + 6650 + 5670 = 33,620

Job 877 59,740 x (1 + 50%) = 89610

Explanation:

The overhead will be calcualte as 80% of the labor cost as tstated in the assignment

Then, the total cost will be the sum of the three cost component added during the period andthe beginnign WIP is there is any,

as job 877 is complete it will be removed from WIP leaving only the other three jobs.

the markup is 50% of the cost so we simply multiply cost by 1.5

8 0

3 years ago

On October 30, Cleo Co. purchased a machine for $26,000 and estimates it will use the machine for four-years with a $2,000 salva

Umnica [9.8K]

Answer:

Partial depreciation expense, from October 30 to December 31=$1,000

Explanation:

The depreciation base can be expressed;

depreciation base=purchase cost-salvage value

where;

purchase cost=$26,000

salvage value=$2,000

replacing;

depreciation base=26,000-2,000=$24,000

depreciation base=$24,000

annual depreciation expense=depreciation base/useful life

where;

depreciation base=$24,000

useful life=4 years

replacing;

annual depreciation expense=24,000/4=$6,000

Partial depreciation expense, from October 30 to December 31=2 months

Partial depreciation expense=(2/12)×6,000=$1,000

6 0

3 years ago

Check out my channel it called It'z Jennie AMV! Thanks! If you like the video make sure to Subscribe and click the bell so that

belka [17]

Explanation:

Great advertising.

5 0

3 years ago

Read 2 more answers