The best way to characterize David's agency relationship is:
- D. David is a special agent since he is only responsible for one property at a time with limited duties.
<h3 /><h3>Who is an Agent?</h3>
This refers to a person who represents another person and their interests when dealing with the buying or selling of property.
With this in mind, we can see that because David is a licensed agent, he represents homeowners but has limited authority when working with clients and his agency relationship is one that he is a special agent since he is only responsible for one property at a time with limited duties.
Read more about house agents here:
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Answer:
A. Return on investment.
Explanation:
This is said to be a metric means used to measure profitability ratio, index or performance of an organisation. This why in the case above it was up to the manager to use this simple and direct means to plainly discover their performance in the business dealings at the said time.
It also does not require a new accounting measurement to generate information for calculating ROI.
Its disadvantage can be when investment may have many connotations; example can be as gross book value, net book value, assets including or excluding intangible assets, historical cost of assets, current cost of assets
Answer:
available for common stock holders 34,000
Explanation:
The common stock holders are being paid after the preferred stock.
So we must first calculate and subtract the preferred stock.
5,000 preferred stock x $100 par x 4% = 20,000
declared dividends 54,000
preferred dividends <u> (20,000) </u>
available for common stock holders 34,000
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Answer:
Bad Debts (dr) .. to debtors (cr) = 15000
Cash (dr) .... to debtors (cr) = 7500
Explanation:
Journal is the book of recording accounting transactions.
It has following rules :
- Debit all assets, expenses, losses
- Credit all liabilities, incomes, gains
June : bad debt expense is estimated to be $15,000
Bad Debts A/c (debit) 15000
to Debtors A/c (credit) 15000
{ ∵ bad debts is loss, debtors are asset }
July : customer balances are written off in the amount of $7,500
Cash A/c (debit) 7500
to Debtors A/c (credit) 7500
{∵ cash is asset , debtors are asset }