Answer:
=$ 80, 200.00
Explanation:
selling price : $ 330,000.00
Commission 6 %:
Commissions paid = 6/100 x $ 330,000.00
=$19,800.00
Closing costs =: $ 5000.00
Mortgage paid : $ 225,000
Total payouts: $19,800 + $50,00+ $225,000
=$ 249, 800.00
Rusty Expects: $ 330,000.00- $ 249,800.00
=$ 80, 200.00
Both the satisfaction of creating new products and the possibility of earning money are INCENTIVES for an entrepreneur.
The main character is Brian
Answer:
Correct option is B Yes and Yes
Yes - Compensating shall be reported, And Restricted shall also be reported.
Explanation:
Compensating balance is the minimum balance to be maintained in the company's bank account as this is used by bank for offsetting loan, and used by company to set up the loan amount.
Restricted balance is a choice made by the company to not use the funds and use it later for company's growth or future projected, but still since it cannot be used it shall also be reported accordingly.
Therefore the company has the need to report such restricted balance also and compensating balance has to be reported as well.
Therefore correct option is B
Yes - Compensating shall be reported, And Restricted shall also be reported.
