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Mnenie [13.5K]
1 year ago
10

Joe is a new broker. how often will he be required to reconcile his escrow account(s)?

Business
1 answer:
storchak [24]1 year ago
6 0

Joe is a new broker. He will be required to reconcile his escrow account monthly.

<h3>Who is a broker?</h3>
  • In order to earn a commission after the trade is completed, brokers organize transactions between buyers and sellers.
  • Brokers that take on dual roles as buyers or sellers are considered primary parties to the transaction.
  • Neither function should be mistaken with that of an agent, who represents the principal party in a transaction.
  • An impartial party whose services are often used in several businesses is a broker.
  • The main duty of a broker is to connect buyers and sellers; as a result, the broker acts as a neutral intermediary between a buyer and a seller.
  • A real estate or stockbroker who helps in the sale of a property would be an example.

To learn more about broker with the given link

brainly.com/question/14094023

#SPJ4

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The basic earnings per share and the diluted earnings per share would have quite different values for a firm that relied heavily
S_A_V [24]

Answer: TRUE

Explanation:BASIC EARNINGS PER SHARE is a term used in the financial Securities market to mean the NET INCOME available to common shareholders.

DILLUTED EARNINGS PER SHARE is a term used in the financial Securities market to describe the outstanding profits available to common shareholders, after all the preferred stocks, warrants,convertible securities have been converted to common stocks.

Preferred stocks are also called hybrid stock, because it has certain features of common stock and convertible securities,it has a higher priority than common stock to payment of dividend etc.

Convertible debt securities are debt securities which can be converted to common stocks.

It basic earnings and diluted earning per share will definitely not be the same for such a firm.

7 0
2 years ago
Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable cont
sergejj [24]

Answer:

Complete question is attached in form of image.

a). Maximum amount of charitable deduction for Cash Contrbutions = 7650 + 5450

= $ 13100

a). Maximum amount of charitable deduction for Property Donations

= 15250 + 18375

= $ 33625

The amount of deduction for contribution to American Heart Association will be the amount equal to the cost of antique painting given to the american heart association.

The amount of deduction for contribution to First Methodist Church will be the amount equal to the FMV of Coca-Cola stock given to the first methodist church.

FMV stands for Fair market value.

Maximum amount of charitable deduction for Cash contribution = $ 13100 and Maximum amount of charitable deduction for Property donation = $ 33625.

7 0
3 years ago
Which activity in the maintenance phase requires that a formal process be established whereby users can submit system change req
gogolik [260]

Obtaining maintenance requests is the activity that requires establishing a formal process for users to submit system change requests.

<h3 /><h3>What is an automation system?</h3>

It corresponds to the use of mechanical and computerized techniques to produce, command and control an optimized process, fast and based on total quality.

Therefore, automation systems help organizations process a large volume of data to generate relevant information for decision making.

Find out more about automation system here:

brainly.com/question/25756025

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8 0
2 years ago
Clybourne Cycle Shop has two retail departments referred to as Cycles and Clothing. Utility expense for a recent month totaled $
Gelneren [198K]

Answer:

A) $1,200

Explanation:

The computation of the allocated amount to the clothing department is shown below:

= Total utility expense × Clothing Department square feet ÷ Total square feet

where,

Total square feet would be

= Clothing Department square feet + Cycles department square feet

= 600 + 900

= 1,500

And, the other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

= $2,000 × 900 ÷ 1,500

= $1,200

3 0
2 years ago
A centralized legal department of Exline Company has expenses of $500,000. The department has provided a total of 2,000 hours of
vaieri [72.5K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

A centralized legal department of Exline Company has expenses of $500,000. The department has provided a total of 2,000 hours of service for the period. The Northern Region has used 575 hours of legal service and the Southern Region has used 1,425 hours of legal service during the period.

Total hours= 2,000hours

Southern Region= 1,425/2,000= 0.7125

Total cost= 0.7125*500,000= $356,250

4 0
3 years ago
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