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3 years ago

"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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ackenzie, Inc. has collected the following data. (There are no beginning inventories.) Units produced 600 units Sales price $

Leokris [45]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Units produced= 600

Direct materials $30 per unit

Direct labor $13 per unit

Variable manufacturing overhead $6 per unit

Fixed manufacturing overhead $17,800 per year

Ending inventory= 600 - 400= 200 units

Under absorption costing, the fixed overhead costs get allocated to the product cost. First, we need to calculate the unitary fixed overhead cost:

Unitary fixed overhead= 17,800/600= $29.67

Now, we can determine the total unitary cost:

Unitary cost= direct material + direct labor + total overhead

Unitary cost= 30 + 13 + (6 + 29.67)= $78.67

Ending inventory= 200*78.67= $15,736

7 0

3 years ago

Strategies on how businesses can cope with financial strain

VashaNatasha [74]

Money can be the number one source of frustration in relationships. These frustrations ring true for couples regardless of the length of their courtship or the number of years they have been married. This Tip Sheet offers tips to help couples handle the financial strain that often accompanies a long-term relationship.

For many couples, ample money can represent fun, good health, a new car, or owning a home. However, lack of money can mean frustration, anxiety, credit card debt, foreclosure, and even depression.

While money means different things to different people, there is no denying that we all need it! And for everyone, especially couples, the challenge is to manage it consistently.

8 0

3 years ago

What best explains the time value of money? the concept is another way to explain how inflation works. it just means that it's b

Mamont248 [21]

Time value of money it's best to have money today, so it can be put to work sooner to make even more money. When you have money now, you can invest and start building interest on it. The quicker you have money, the quicker you start to grow your money and the sooner it can double, triple etc.

4 0

2 years ago

Harrisburg Furniture Company started construction of a combination office and warehouse building for its own use at an estimated

oksian1 [2.3K]

Answer:

$406,720

Explanation:

Calculating weighted average interest rate for 10% short term loan and 11% for long term loan:

Interest rate payable in 2014 on short term loan = $1,400,000 * 10% = $140,000

Interest rate payable in 2014 on long term loan = $1,000,000 * 11% = $110,000

Weighted average interest rate = $140,000 + $110,000 / $1,400,000 + $1,000,000 * 100

Weighted average interest rate = 0.10416666

Weighted average interest rate = 10.42%

Calculating avoidable interest:

Avoidable interest = [$2,000,000*12%] + [($3,600,000 - $2,000,000) * 10.42%]

Avoidable interest = $240,000 + $166,720

Avoidable interest = $406,720

6 0

2 years ago

I AM SO FRUSTRATED RIGH NOW! I WANT TO CANCEL YOUR SERVICE IMMEDIATELY!!! I AM CONTACTING THE BETTER BUSINESS BUREAU, THIS IS BS

nirvana33 [79]

Answer:

are u ok?

Explanation:

6 0

2 years ago