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lara [203]
2 years ago
10

The Real Estate Recovery fund is financed through money received from administrative fines and surcharges on new and renewing li

censes. What is the dollar amount accumulated in the fund where surcharges are no longer levied on licenses?
Business
1 answer:
Lelu [443]2 years ago
3 0

Answer:

The correct answer is:  $1,000,000 (one million dollars).

Explanation:

The Real Estate Recovery fund is the poll of money collected to refund people who have been affected somehow by real state brokers or salespeople. Fraud, misrepresentation or deceit are considered for his purpose and it is given only when no benefit can be provided to the person affected after court. If the amount implied is greater than $1,000,000 (one million dollars) the Real Estate Recovery Fund is unable to provide any reimbursement aid.

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A licensed real estate broker who shall by choice elect to work under the name and supervision of another individual broker or a
Minchanka [31]

Answer:

Associate Real Estate Broker

Explanation:

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2 years ago
Consumers are limited in the total utility that they can gain from buying products because they have limited
Cloud [144]

Answer: income i think

Explanation:

6 0
3 years ago
The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rat
Lubov Fominskaja [6]

Answer: $45000

Explanation:

Firstly, the operating asset will be calculated which will be:

Operating asset = Sales / Turnover

= 900,000/3

Operating assets = $300,000

Then, the net operating income will be: Return on investment × Operating assets

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Therefore, Legume Division's net operating income last year is $45000

4 0
2 years ago
Which of the following is included in the normal journal entry to record the collection of accounts receivable previously writte
dlinn [17]

Answer:

Debit Accounts Receivable, credit Allowance for Doubtful Accounts.

Explanation:

To record the collection of accounts receivable previously written off when using the allowance method, the first step is  to debit Accounts Receivable, and then credit Allowance for Doubtful Accounts. This purpose of this to reverse the already written off amount.

The next step after that is to complete the entries by debiting Cash, and crediting the Accounts Receivable to record the cash collection in respect of previously written off accounts receivable.

8 0
3 years ago
If a company would like to increase its degree of operating leverage it should?
dalvyx [7]

If a company would like to improve its degree of using leverage it should increase its Fixed Costs relative to its Variable Costs.

<h3>What is the relationship between variable cost and fixed cost with profit?</h3>

As they are time-related, or stable across time, fixed costs. Variable costs depend on volume and shift as the quantity of output does.

Variable costs are those that rise or fall in line with the volume of goods produced, while fixed costs remain constant regardless of output levels. Gross profit is significantly influenced by both fixed and variable costs; when production costs rise, gross profit decreases.

The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are examples of fixed costs.

To learn more about variable cost and fixed cost refer to:

brainly.com/question/14872023

#SPJ4

8 0
1 year ago
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