A mortgage broker acts as a middleman between you and potential lenders. The broker's job is to compare mortgage lenders on your behalf and find interest rates that fit your needs. ... Mortgage brokers are licensed
Answer:
C. Because union wages exceed nonunion wages, employees may be encouraged to work harder.
D. Unions may provide information to companies about how to improve operations and eliminate problems in the work environment.
Explanation:
Workers' unions have been instrumental in ensuring that workers work in the environment that is safe and conducive. Not only that, the unions also ensure that the workers are remunerated fairly for their labor and services. Thus, the wages of the unioned workers are higher because unions bargain for the increase in the worker's wages.
Furthermore, the worker's union work hand in hand to exchange information about the conditions of the workers and how the companies can eliminate the potential problems that result in worker dissatisfaction. In addition, the unions protect workers from exploitation.
Answer:
Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.
Explanation:
Closing Entries
a. Accounts Payable: No it is not closed to income summary account.
b. Advertising Expense: Yes it is closed to income summary account.
c. Cost of Merchandise Sold: Yes it is closed to income summary account.
d. Dividends : No these are closed To Retained Earnings Accounts.
e. Merchandise Inventory : Yes it is closed to income summary account
f. Sales Yes it is closed to income summary account
g. Supplies: No prepaid supplies are an asset account and it is included balance sheet.
h. Supplies Expense: Yes it is closed to income summary account
i. Wages Payable: Not closed in the income summary account.
These are liabilities and included in the balance sheet.
Answer:$14,250
Explanation:
The total commission recieved is
950,000 x 7.5% = $71,250
The listing brokerage and the selling brokerage both received 50% of that sum which is
71,250/2 = $35,625
The Sales person gets 40% of the Selling brokerage's cut which would be
35,625 x 40% = $14,250
Answer: c. trading securities.
Explanation:
Trading securities are short term debt securities that a company buys in order to make a profit in that short term period. They actively manage and trade these securities and then trade them for profit.
It is an excellent way to gain return for any excess cash that the business has and they only invest in such things when they believe that there is a good chance of profit being made.
