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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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Hanover, inc. purchased land through the issuance of long-term bonds. how is this reported on the statement of cash flows?

avanturin [10]

The purchase of land by Hanover, Inc. through the issuance of long term bonds should be reported on the statement of cash flows as
significant non cash investing and financing activity that merits disclosure.

5 0

4 years ago

Brandon has completed the first draft of his business report and is in the third phase of the writing process, revision. what sh

Dmitry [639]

The phase 3 of a business report is the revision phase.
The revision phase involves revising, proof reading and evaluation.
In this phase, improving the content and sentence structure of the report, correcting the grammer, spelling, punctuation, and format of the report and adding, cutting, and recasting what has been written.

Therefore, the correct answer to the question is äll answer choices are correct".

3 0

3 years ago

Stinehelfer Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs $59 to buy from farmers and $2

snow_lady [41]

Answer:

Financial disadvantage from further processing = $(9)

Explanation:

A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.

Also note that all cost incurred up to the split-off point (the cost of crushing) are irrelevant to the decision to process further .

Sales revenue after crushing 55

Sales revenue at the split-off point 81

Additional sales revenue 26

Further processing cost (35)

Net income after further processing (9)

Financial disadvantage from further processing = $(9)

Kindly note that the allocated joint costs( cost of sugar and crushing) are irrelevant. This implies that whether or not the intermediate products are processed further the joint costs are irrelevant to the decision to process the beet juice further.

4 0

3 years ago

Re-Up Enterprises has sales of $926,355, costs of goods sold of $613,500, inventory of $189,880, and accounts receivable of $78,

densk [106]

Answer:

=112.785

Explanation:

Average days in inventory is financial ratio that shows the average number of days a company takes to turn its inventory.

The formula for calculating the average days in inventory is as below.

Days in inventory = Average inventory /cost of goods sold x 365

for Re-UP Enterprises: average inventory = $189,880

cost of goods sold =$613,500,

Days in inventory

= $189,880/613,000 x 365

=0.309 X 365

=112.785

6 0

3 years ago

A house is for sale for $250,000. You have a choice of two 20-year mortgage loans with monthly payments: (1) if you make a down

Alex73 [517]

Answer:

The effective annual rate of interest on the additional $25,000 borrowed on the first loan is 12.95%

Explanation:

the loan amount is $250,000 and the period is 20 years.

down payment of $50,000 and the interest rate is 6% per annum

the loan amount = $250,000 - $50,000

= $200,000

period = 20*12

= 240 months

rate = 5%/12

= 0.4167% per month

monthly payment = $1,319.91

difference between the payments in 1 and in 2 = 1611.97 - 1319.91

= $292.06

additional down payment is $25,000

down payment of $25,000 and the interest rate is 6% per annum

the loan amount = $250,000 - $25,000

= $225,000

period = 20*12

= 240 months

rate = 6%/12

= 0.5% per month

monthly payment = $1,611.97

difference between the payments in 1 and in 2 = 1611.97 - 1319.91

= $292.06

additional down payment is $25,000

the effective annual rate = [(292.06/25000)*12]*100

= 12.95%

Therefore, The effective annual rate of interest on the additional $25,000 borrowed on the first loan is 12.95%

8 0

3 years ago