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tigry1 [53]
3 years ago
9

"Under what circumstances might a broker open a separate escrow account for each beneficiary of a transaction?"

Business
1 answer:
hodyreva [135]3 years ago
6 0

Answer and Explanation:

If the broker shall have an "ownership interest" in a company, joint venture or alliance, and shall receive payments for the selling or lease of such land of these institutions.

Then the broker may choose to set up a separate escrow account for each "major accounting company" controlled or otherwise operated to comply with this and other regulations.

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In a remote village, a person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes. for what
adelina 88 [10]

The purpose why the person use the money is for medium of exchange.

<h3>What is money?</h3>

Money is a legal tender, approved by the government of a country as a means of exchange. Money is used to pay for services received and also for the purchase of goods.

Characteristics of money are:

  • Store of value
  • Medium of exchange
  • Unit of account

Hence, the purpose why the person use the money is for medium of exchange.

Learn more about money here: brainly.com/question/1812645

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7 0
2 years ago
Which journal entry reflects the adjusting entry needed on December 31?:In November, BOC received a $5,000 cash deposit from a c
Kryger [21]

Answer:

No adjusting entry required

Explanation:

When the contract was formed and advance was received the company must had recorded the following entry:

Dr Cash Account    $5000

Cr Unearned Revenue $5000

Now it is the year end and till now the goods are not delivered which means advance that was received is still our unearned revenue So no further entry is required until the delivery of the goods ordered to the customer.

Correct entry is "No adjusting entry required"

7 0
2 years ago
Should students who get in fights pay a find? <br><br> A rule at my school
vodka [1.7K]

no because what if the other person started it you wont know who started it unless the confess the person that starteed it should be fined

5 0
3 years ago
Read 2 more answers
Asking a job applicant if he or she has ever been treated for drug addiction is an example of a(n)
Vladimir [108]

This is an illegal question. You may ask about a person's convictions for drug related charges, but you should not ask about treatment. This could also be classified as a needless question, but mostly illegal.

4 0
3 years ago
Read 2 more answers
The average fixed cost curve a. always declines with increased levels of output. b. always rises with increased levels of output
Zolol [24]

Answer: a. always declines with increased levels of output.

Explanation: the average fixed cost curve graphically illustrates or shows the relation between average fixed cost a firm incurs in the short-run production of a good or service, and the quantity produced. The average fixed cost curve always declines with increases in the level of output resulting in a negatively sloped curve. This is to say that the average fixed cost is relatively high at smaller quantities of output, which then declines as the level of production increases--the more output increases, the more average fixed cost declines. Why this occurs is that a given fixed cost is spread over an increasingly larger quantity of output and as such, firms can profitably charge a lower price with increased output.

7 0
3 years ago
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