Answer:
A.) degree
Explanation:
The degree certificate is the certification awarded after successful completion of a college/university education program. A university program takes a long time to accomplish as compared to a vocational school program. While vocational colleges award certificates, colleges, and universities award degrees.
Answer:
A) disclose to the seller that he has a license and inform his broker of the transaction
Explanation:
Even though Sam is trying to purchase the property for himself, he must still inform the seller about his broker status. It probably wouldn't affect the sale in any way, but the obligation to disclose the information exists.
The same applies to Sam's broker, even though the transaction will not generate any commission, he still has to inform about it.
Answer:
Correct option is (d)
Explanation:
Owners contribute to capital in cash or kind in exchange for shares. Sometimes, owners contribute land or building to the organization in exchange for shares. Here, Jose Garcia contributes land worth $10,000 in exchange for 200 shares at $10 per share. Value of shares is $2,000 (200×10)
Journal entry to record the same:
Particulars Debit Credit
Land $10,000
Common stock $2,000
Paid in capital in excess $8,000
of par value
(To record land received in exchange
for shares)
Paid in capital in excess of par value of shares is credited which is $8,000 ($10,000 - $2,000).
Answer:
Expected rate of return on this stock= 13.59
%
Explanation:
<em>The expected return on investment is the weighted average of all the return from possible outcomes weighted according to the probability of each outcome.
</em>
This principle would be applied as follows:
<em>Outcome Probability(P) Return(R) P× R</em>
Boom 0.24 × 23% = 5.52
%
Normal 0.69 × 12% = 8.28
%
Recess 0.07 × -3% = -0.21
%
Expected Return = 5.52
% + 8.28
%-0.21
% = 13.59
%
Expected rate of return on this stock= 13.59
%
