Answer:
The goodwill is $1.1 million
Explanation:
In this question, first we have to compute the net asset which is shown below:
Net asset = Total asset - total liabilities
where,
Total asset = Land + building + inventory
= $1.7 million + $3.4 million + $2.2 million
= $7.3 million
And, the total liabilities = long term note payable = $1.5 million
So, the net asset would equal to
= $7.3 million - $1.5 million
= $5.8 million
Now the goodwill equal to
= Cash purchase price - net asset
= $6.8 million - $5.8 million
= $1.0 million
Answer:
c. automatic fiscal policy
Explanation:
Automatic fiscal policy are policies triggered automatically due to the state of the economy which causes either government spending or taxes to increase or decrease.
For example, if the economy is undergoing a downturn and real GDP falls, the amount paid as taxes would fall.
If the economy is booming and the real GDP rises, the amount paid as taxes would rise.
These are examples of automatic fiscal policies.
Discretionary fiscal policy is when the government purposely increases or reduces either its spending or taxes in response to the economic conditions.
I hope my answer helps you.
Answer:
$1,312.50
Explanation:
Calculation for How much was the referring agent paid
First step is to find the buyer agent amount by using the buyer's agent percentage to multiply the buyer purchased amount of the home
Using this formula
Buyer agent amount =Buyer's agent percentage× Home purchased amount
Let plug in the formula
Buyer agent amount=1.5%×$350,000
Buyer agent amount=$5,250
The last step is to find How much was the referring agent paid
Using this formula
Amount referring agent paid =Buyer agent amount× Percentage of buyer side commission
Let plug in the formula
Amount referring agent paid=$5,250×25%
Amount referring agent paid=$1,312.50
Therefore the amount that the referring agent paid will be $1,312.50
Answer:
D)
Explanation:
This is the case unless the registered representative contributes capital proportionate to his sharing percentage and receives written approval of the principal. This is because the MSRB clearly prohibits this, but if the registered representative opens a joint account with the customer (granted the customer approves), and shares in both the gains and losses of the account with a proportionate capital contribution, then both are entering into the same risk and are allowed to share in the gains and losses. This is as long as the principal provides written approval.
