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2 years ago

When the real estate agent has produced a buyer who is ready, willing and able, the agent has generally done what

Business

1 answer:

butalik [34]2 years ago

8 0

the agent earned his commission.

When a seller of real estate hires a broker to find a buyer, the broker is usually considered to have earned his commission when he or she finds a “ready, willing, and able” buyer.

<h3>What is the difference between Commission and commission earned?</h3>

The court ruled that a commission is "due" if it has been earned, and an employee has done all services necessary to earn a commission when they are all rendered.

<h3>When is a broker’s commission due when selling a house?</h3>

The law acknowledges that in some circumstances, the broker has earned and is entitled to its compensation regardless of the completion of the transaction, despite the seller's perception that a commission should never be owed until a deal really closes.

<h3>Is an employee's compensation due or earned?</h3>

By taking such a step, the employer may be able to argue that McCabe is different in light of the facts and that the remuneration in question is neither "due" nor "earned" unless the employee works through the payment date.

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At a growth (interest) rate of 13 percent annually, how long will it take for a sum to double? To triple?

Ad libitum [116K]

Answer:

5.67 years

8.99 years

Explanation:

The relationship between future value, present value, interest rate as well as the duration of an investment(n) are depicted below with future value formula:

FV=PV*(1+r)^n

FV=future value( let us assume it is $10,000)

PV=$5,000( half of the present value)

r=13% interest rate

n=duration of the investment=the unknown

10,000=5000*(1+13%)^n

10,000/5000=1.13^n

2=1.13^n

take log of both sides

ln(2)=n ln(1.13)

n= ln(2)/ln (1.13) = 5.67 years

Triple of original investment:

FV=PV*(1+r)^n

FV=future value( let us assume it is $15,000)

PV=$5,000(one-third of the present value)

r=13% interest rate

n=duration of the investment=the unknown

15,000=5000*(1+13%)^n

15,000/5000=1.13^n

3=1.13^n

take log of both sides

ln(3)=n ln(1.13)

n= ln(3)/ln (1.13) = 8.99 years

7 0

3 years ago

Companies raise capital in two main ways ___________.

choli [55]

Answer:

Two important ways are debt and equity

Explanation:

Companies has two ways in which they could raise the capital is debt which is an amount borrowed by one party from another and it is borrowed under a condition that is to be paid back at date which is decided along with the interest and equity is called as the shareholder equity which the amount that would be returned to the shareholders of the company if all the assets are liquidated.

7 0

3 years ago

Kohl's Corporation decided to discontinue its Kohl's credit card operations. What factors would this department store company ha

mart [117]

Answer:

The most likely factor that this department store company would have considered in discontinuing its credit card operations is the issue of bad debt.

Bad debt may likely have prevented them from making the required profit to cater for the needs of the company such as payment of salaries and purchase of goods which if not treated may lead to the collapse of the company.

3 0

3 years ago

Sherman paid a cash dividend of $3.25 per share. At year-end, Sherman stock was selling for $37.50 per share.Prepare Blue's jour

Ulleksa [173]

<u>Complete question:</u>

Fairbanks Corporation purchased 400 shares of Sherman Inc. common stock as an investment in trading securities for $13,200. During the year, Sherman paid a cash dividend of $3.25 per share. At year-end, Sherman stock was selling for $34.50 per share. Prepare Fairbanks's journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment

<u>Solution:</u>

Given,

Total shares = 400

Trading securities = $13,200

Cash dividend = $3.25 per share

Sales price of stock = $34.50 per share

Note: The image attached shows the journal entries of all the transactions.

Dividend revenue is $400\times \$3.25=\$1300$

Fair value adjustment is $[(400\times \$34.50)-\$13,200]$

The above values are entered in the journal transaction.

6 0

3 years ago

Johanna's Jams and Jellies is looking to be set up on QuickBooks Online. Johanna wants to be able to set up specific roles for t

Lerok [7]

Answer: C. QuickBooks Online Advanced

Explanation:

With the QuickBooks Online Advanced, Johanna can be bake to do batch transactions faster even when there's an increase in workload. In the QBO Advanced, there are batch transaction entry for sales, checks, receipts, invoices, etc.

Since Johanna wants to be able to set up specific roles for the 15 different users in her company, including providing access to her CPA, outsourced CFO, and an outside integration specialist and ProAdvisor, the version of Quickbooks Online that would allow her to accomplish this is the QuickBooks Online Advanced.

8 0

3 years ago