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Strike441 [17]
3 years ago
8

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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On December 28, I. M. Greasy, Catering completed $600 of catering services. As of December 31, the customer had not been billed
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Answer: Debit Accounts receivable for $600.

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The customer had not been billed so that means that they still owe the company. This would make them an accounts receivable so the adjusting entry will have to debit the Accounts Receivable account for $600 to show that it is increasing.

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When countries specialize in the production of goods they have the comparative advantage in, both ___________ and ______________
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Based on the question above, <u>demand and supply</u> will increase.

<h3>Demand</h3>
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<h3>Supply</h3>
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Therefore, the correct answers are demand and supply.

Learn more here:https://brainly.in/question/19402695

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Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ______
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Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be _<u>higher</u><u>_</u>and real GDP to be <u>higher.</u>

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What is Expansionary fiscal policy ?</h3>

Expansionary fiscal policy can be defined as the type of fiscal policy in which government intend to increase the aggregate money supply while on the other hand cut or reduce the tax rate for the purpose of economy growth.

In a situation were real GDP fall below potential real GDP this tend to lead to increase in both inflation rate and real GDP.

Inconclusion the inflation rate will be _<u>higher</u><u>_</u>and real GDP will be <u>higher.</u>

<h3 />

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