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gogolik [260]
3 years ago
5

Which of the following is not a prohibited escrow-related activity? An escrow agent cannot disburse a real estate broker's commi

ssion prior to closing of the escrow. Escrow licensees may not solicit or accept escrow instructions containing any blank to be filled in after signing or initialing.
Business
1 answer:
11111nata11111 [884]3 years ago
8 0

Answer:

The correct option is  escrow licensees may not solicit or accept escrow instructions containing any blank to be filled in after signing or initialing.

Explanation:

Escrow agreement involves a third party managing funds belonging to two or more parties in a transaction before the funds are disbursed to them.

One of the prohibited escrow related activity is that the agent cannot disburse the commission on real estate to beneficiaries prior to closing the escrow account.

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Assume that Crane Company uses a periodic inventory system and has these account balances: Purchases $630,000; Purchase Returns
Veseljchak [2.6K]

Answer:

Cost of goods sold =$61,5300

Gross Profit = $144,700

Explanation:

Given the information:

  • Purchase : $630,000
  • Purchase Returns and Allowances $25,700
  • Prchases Discounts $10,900
  • Freight-In $18,300
  • beginning inventory of $45,000
  • ending inventory of $64,600
  • net sales of $760,000

As we the, the fomular for total Goods Available for Sale

=   Beginning Inventory + Purchases + Freight-In - Purchase Returns and Allowances - Purchases Discounts

= $45,000 +  $630,000 + $18,300 - $25,700 - $10,900

= $67,9900

=> Cost of goods sold =  Total Goods Available for Sale - ending inventory

= $67,9900 - $64,600

= $61,5300

=> Gross Profit = Net sales - Cost of goods sold

= $760,000 - $61,5300

= $144,700

Hope it will find you well.

7 0
3 years ago
Read 2 more answers
______is the satisfaction or value people extract from consumed services or goods and those derived from pursued activities. A.
Mars2501 [29]

Answer:

utility

Explanation:

;/

7 0
3 years ago
When the government deregulates an industry, what does it expect will happen?
Semmy [17]
Please mark me as Brainliest
and please Thank me too!

They expect to not be having to regulating the industry anymore, or concern them selves regarding regulations of the said industry.
3 0
3 years ago
Read 2 more answers
Consider a mutual fund with $203 million in assets at the start of the year and with 10 million shares outstanding. The fund inv
balu736 [363]

Answer:

8.66%

Explanation:

The computation of the rate of return for the investor in the fund is as follows:

= (Net assets at the end  + dividend per share  - nav at the beginning of the year) ÷ (nav at the beginning of the year)

where,

Net assets at the end is

= $203 million + $203 million × 7% - ($217.21 million × 0.75%)

= $203 million + $14.21 million - $1.6291 million

= $217.21 million - $1.6291 million

= $215.58093 million

Dividend per share is

= $5 million ÷ 10 million shares

= 0.5

Nav at the beginning of the year is

= $203 million ÷ 10 million shares

= $20.3

Now the rate of return is

= ($215,.58093 + 0.5 - $20.3) ÷ ($20.3)

= 8.66%

6 0
2 years ago
Which of the following is a condition that triggers the penalty for negligence or intentional disregard? 1) the taxpayer underst
Vsevolod [243]

Answer:

2) the taxpayer shows negligence or disregard of the rules or regulations, causing an underpayment.

Explanation:

             When any taxpayer shows some negligence or if they disregard the rules and the regulations, causing an underpayment, then it leads to a penalty for the disregard or the negligence.

              Also, when a taxpayer intentionally understates his or her tax by a larger of $5000 or a 10% of his / her correct tax, then it is an accuracy related penalty.

              And, also the information related penalties which are levied for failure of  taxpayer to pay the amount of tax owed by  due date and also failure to filing the return by the due date.

Thus option (2) is correct.

5 0
3 years ago
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