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3 years ago

If the branch office of a real estate firm maintains a separate clients' trust account, it must also

Business

1 answer:

Anarel [89]3 years ago

5 0

Answer: Maintain a separate bookkeeping system

Explanation:

A real estate firm is simply a firm that serves as facilitator for transactions involving vreal estate. They bring the buyers and sellers together and then paid a commission.

It must be noted that when the branch office of a real estate firm maintains a separate clients' trust account, it must also maintain a separate bookkeeping system

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Partners Gary and Elaine have agreed to share profits and 1osses in an 80:20 ratio respectively, after Gary is allowed a salary

Verizon [17]

Answer:

E) None of the above

Explanation:

In partnership, the partners earn profit. The salary allowances are considered as though paid to a third party and are considered before arriving at the net income.

As such, given that net income is $30,000 and is to be shared in the ratio 80:20 between Gary and Elaine respectively.

Elaine's share = (20/100) × $30,000

= $6,000

5 0

3 years ago

Companies Heidee and Leaudy have the same total assets, sales, operating costs, and tax rates, and they pay the same interest ra

stealth61 [152]

Answer:

E. If the interest rate the companies pay on their debt is more than their basic earning power (BEP), then Company Heidee will have the higher ROE.

Explanation:

Base on the scenario been described in the question, we saw that between the two companies, Heidee and Leaudy, they both have the same total assets, sales, operating costs, and tax rates, and they pay the same interest rate on their debt but company Heidee has a higher debt ratio, this will make company Heidee has a higher ROE because of its higher ratio of debt

3 0

3 years ago

Assume that the interest rate on borrowings in south korea is 1 percent, but the interest rate on deposits in british banks is 7

Vikentia [17]

The trader involved is in carry trade.

Further Explanation:

Carry Trade: It is defined as a strategy that is used in trading which involves borrowing money at a lower rate of interest and investing in an asset that gives a higher rate of return. It involves borrowing money in a currency that is having a low rate of interest and convert the borrowed sum of money into other currency. The amount is then placed in a deposit in the currency that offers a high-interest rate. It invests in the assets like bonds, stocks, real estate, or commodities that are designated in the other currency.

The two risks that are involved in carry trade are the risk of decline in the price of the assets in which investment is made and exchange risk. This is common in the Foreign exchange market.

Therefore, the trader is involved in carry trade.

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Answer details:

Grade: High School

Subject: Economics

Chapter: Types of trade

Keywords: the interest rate, South Korea, 1 percent, deposits in British banks, 7 percent, a trader, 1 million South Korean won, British pounds, deposits in a British bank, carry trade, trade involved in, FX market.

5 0

3 years ago

Ashlynn heard that as a general rule, she should spend no more than one week's pay on rent. If Ashlynn's salary is $32,400 per y

Trava [24]

The answer is A.$623.

4 0

3 years ago

Read 2 more answers

Evidence by Blake, Elton, and Gruber indicates that, on average, actively managed bond funds ______. outperform passive fixed-in

Andrei [34K]

Answer:

The answer is: underperform passive fixed-income indexes by an amount equal to fund expenses

Explanation:

According to Blake, Elton, and Gruber (The Journal of Business, 1993), the only people who benefit from actively managed bond mutual funds are those that work for the mutual funds and not their clients.

They discovered that when the mutual funds increased their fees in 1%, the total performance decreases in 1%.

7 0

3 years ago