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3 years ago

A broker, acting as the agent of a seller, must deal honestly and fairly with whom? Group of answer choices

Business

1 answer:

Doss [256]3 years ago

8 0

Answer:

Everyone involved in the transaction

Explanation:

As an agent of the seller, the broker has a fiduciary duty with the seller (principal) to act of behalf of his/her best interest.

But the broker must also act honestly with the buyer, if the broker closes a deal using dishonest or unfair practices, e.g. forging documents, then the buyer might claim damages from both the broker and the seller.

And of course the broker should also make sure that his/her own rights are respected and his/her work is properly paid.

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The answer for total sales is $165,000

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2 years ago

How might increasing the level of government transfers reduce the size of the economic pie? check all that apply?

maksim [4K]

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2 years ago

A company has a net sales of 847000 and cost of goods sold of 561500. Its net income is 101200. The company's gross margin and o

SVETLANKA909090 [29]

Answer:

Gross profit margin = 33.7%

Operating expenses = $184,300

Explanation:

The gross margin is the percentage of sales value is earned as gross profit.

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=847,000 -561,500 =$285,500

Gross profit margin = (Sales - cost of goods sold)/sales × 100

= (847,000 -561,500/847,000) × 100

= 33.7%

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Operating expense = Gross profit - Net income

= (847,000 -561,500) - 101,200

= 184,300

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3 years ago

A company could improve its acid-test ratio by selling some equipment it no longer needs for cash. a. True b. Flase

kari74 [83]

Answer:

true

Explanation:

acid test ratio can be calculate by ( Current assets – Inventory ) / Current liabilities. Ideally, the acid test ratio should be 1:1 or higher, however this varies widely by industry. In general, the higher the ratio, the greater the company's liquidity. by selling up equipment in exchange of cash, the will assist the company to be able to handle its current liability with the cash injection into the entity.

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Nataly_w [17]

Answer:

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Explanation:

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