A permit gives authorization to allow someone to do something.
A license allows the use of something or to allow an activity.
A loan is to borrow (money or property)
A patent is the right granted by government to an inventor to sell, manufacture, or use an invention for a certain number of years.
Which means the answer would be D. Patent
Answer:
He must inform the seller in writing that he has a license before he makes an offer
Explanation:
A broker is an individual or a company that sells and buy properties, stocks, or investments on behalf of investors. A licensee must be licensed by a broker.
In this case, broker Greg has a listing for an office building and licensee Gary who works for broker Greg wants to buy the building as an investment. Since Gary, who is an emoloyee to Greg is interested in the building, he needs approval before making any investment in the buliding. This approval would help avoid insider trades.
Therefore, Gary must inform the seller in writing that he has a license before he makes an offer.
Answer:
Direct material price variance= $25,000 unfavorable
Explanation:
Giving the following information:
Standard price= $16
During March, Marks made 10,000 units of the product, using 50,000 pounds at a total purchase price of $825,000.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 825,000/50,000= $16.5
Direct material price variance= (16 - 16.5)*50,000
Direct material price variance= $25,000 unfavorable
Answer:
1. work hard
.
2. are
3. $15.
Explanation:
1. In terms of Larry's total utility, it is worse for him to work hard
.
Larry will prefer to shirk as this is easier for him to do than actually work hard, since he stands to generate $50. So it's worse for him to work hard.
2. Sondra and Larry together are better off if Larry works hard instead of shirking.
Sondra and Larry stand to generate more money if Larry works hard because they will lose if Larry decides to shirk instead.
3. The most Sondra should be willing to pay Carrie to supervise Larry, assuming supervision is sufficient to encourage Larry to work hard, is $15.
She should pay Carry an amount half the amount they stand to lose if Larry shirks. Since they stand to lose $30 if Larry shirks, she can pay Carrie $15 to supervise Larry.
Answer:
Break-even point in dollars= $36,364
Explanation:
Giving the following information:
A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools $20. The fixed cost for the firm is $20,000.
To calculate the break-even point in dollars for the firm, we need to use the following formula:
Break-even point (dollars)= Total fixed costs / [(weighted average selling price - weighted average variable expense)/ weighted average selling price]
weighted average selling price= (selling price* weighted sales participation)= $50
weighted average variable cost= (variable cost* weighted sales participation)
weighted average variable cost= (25*0.5 + 20*0.50)= $22.5
Break-even point in dollars= 20,000/ [(50 - 22.5)/ 50]= $36,364
