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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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Jefferson Company has sales of $302,000 and cost of goods available for sale of $270,200. If the gross profit ratio is typically

mr_godi [17]

Answer:

Ending inventory is $58,800

Explanation:

The formula for the gross profit ratio is as under:

Gross profit ratio = Gross Profit / Sales

And here Sales is $302,000 and Gross profit ratio is 30%.

By putting values we have:

30% = Gross profit / $302,000

Gross Profit = 30% * $302,000 = $90,600

We also know that:

Gross Profit = Sales - Cost of sales

By putting values we have:

$90,600 = $302,000 - Cost of sales

Cost of Sales = $302,000 - 90,600

Cost of Sales = $211,400

The difference between the cost of goods available for sale and cost of goods sold is ending inventory.

Ending Inventory = $270,200 - $211,400 = $58,800

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