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3 years ago

A property seller empowers an agent to market and sell a property on his behalf. what is this an example of

1 answer:

3 0

It is an example of special agency. It enables the bond of the broker and the principle in which they have a contract of having little control of each other and responsibility. These agency are hired by the seller to be able to reach out for others in selling the seller's property, allowing them to do what they are capable of but the seller has only little control of the broker.

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Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s recor

Delicious77 [7]

Answer:

Income statement for the year XXXX ended August 31th

Consulting fees earned 27,000

Rent expense 9,550

Salaries expense 5,600

Telephone expense 860

Miscellaneous expenses 520

Total expenses 16,530

Net income 10,470

Explanation:

To solve for net income we have to subtract revenue for expenses

the expenses will have the word expense in their name,

Is important to notice dividends are not expense as they represent the distribution of earned to the stockholders or owners of the company. It doesnt' represent an expense associate with the outgoing business activities.

5 0

3 years ago

Kevin bought 290 shares of Intel stock on January 1, 2019, for $86 per share, with a brokerage fee of $190. Then, Kevin sells al

Yuliya22 [10]

Answer:

Gain $1,600

Explanation:

Amount Realized = (290 shares × $93) − $240

=$26,970-$240

= $26,730

Adjusted Basis = (290 shares × $86) + $190

=$24,940+$190

= $25,130

Gain = $26,730 − $25,130

= $1,600

Therefore the amount of the gain/loss Kevin must report on his 2019 tax return will be $1,600

6 0

2 years ago

When problem-solving, a person should ask: who. how. where. why

geniusboy [140]

Very true! sorry i don’t know what ur asking but i agree with all!!

4 0

3 years ago

Read 2 more answers

"Makers Corp. had additions to retained earnings for the year just ended of $213,000. The firm paid out $183,000 in cash dividen

yuradex [85]

Answer:

Dividends per share is $1.66

Book value per share is $44.36

Market-to-book ratio is 1.42

Price-earnings ratio is 32.54

Price-sales ratio is 1.97

Explanation:

1 ) What are dividends per share?

Dividends per share = cash dividends/ number of shares = $183,000/ 110,000 = $1.66

2) What is the book value per share?

Book value per share = total equity/ number of shares = $4,880,000 / 110,000 = $44.36

3) If the stock currently sells for $63 per share, what is the market-to-book ratio?

Market-to-book ratio = $63/ $44.36 = 1.42

4) What is the price-earnings ratio?

The price of Makers Corp. = market price * number of shares = $63* 110,000 = $6,930,000

Price-earnings ratio = $693,000/ $213,000 = 32.54

5) If the company had sales of $3.52 million, what is the price-sales ratio?

Price-sales ratio = market price/ sales = $6,930,000/ $3,520,000 = 1.97

6 0

3 years ago

Creative Sound Systems sold investments, land, and its own common stock for $39 million, $15.9 million, and $41.8 million, respe

Mnenie [13.5K]

Answer:

Creative Sound Systems should report $15,9 million as net cash flows from financing activities.

Explanation:

Consider only items relating to financing activities.

Cash flow from financing activities

Proceeds from Sale of common stock $41.8 million

Purchased of treasury stock ( $25.9 million)

Net Cash flow from Financing Activities $15,9 million

8 0

3 years ago

Read 2 more answers