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NemiM [27]
3 years ago
6

State licensing laws prescribe behavioral requirements with which licensees must comply to keep their licenses. Licensing laws g

enerally seek to prevent brokers from partaking in all of the following activities EXCEPTA. Handling money in trust for clientsB. Taking kickbacks without the employers knowledgeC. Offering the property at terms other than those specified by clientsD. Failure to submit all offers to the client
Business
1 answer:
Sergio039 [100]3 years ago
4 0

Answer:A. Handling money in trust for clients.

Explanation: A broker is a third party who has been instructed by his or her principal to take certain actions or place certain roles on his or her behalf. Brokers are agents who maintain a fiduciary relationship with their clients.

The brokers are not expected to work outside of the terms of agreement between them and their principal or client,doing so will amount to certain penalties by the regulating bodies.

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Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $159,000 due on
vodomira [7]

Answer: $789855

Explanation:

Initial liability = $1,006,192

Less: Payment = $159,000

Liability = $847192

× Implicit rate 12%

Interest = 12% × $847192 = $101663

Then, reduced balance will be:

= Payment - Interest

= $159,000 - $101663

= $57337

Therefore, Francisco lease liability at December 31, 2022 will be:

= $847192 - $57337

= $789855

4 0
3 years ago
Which situation is better for saving money in a CD (certificate of deposit): the purchasing a car or for use in an emergency? Ex
erica [24]

Answer:

Emergency

Explanation:

Always have extra money for problems that arise.

4 0
3 years ago
The manager of a large hotel refuses to rent a room to a blind person with a guide dog. What California Fair Housing law has the
Anvisha [2.4K]

Answer:

<u>Unruh Civil Rights Act</u>

Explanation:

Remember, in the United States individual states often enact their own laws. One such law is the Unruh Civil Rights Act that protects persons with disabilities.

By his actions the Hotel Manager has violated the California fair housing law under the Unruh Civil Rights Act which mandates that;

All persons irrespective of their disability are <em>entitled</em> to full and equal accommodations or fair housing privileges or services in all business establishments of <em>every</em> kind whatsoever.

3 0
3 years ago
A farmer needs 500 vats of fertilizer a week during the summer. He has a barn that can hold plenty of vats which cost around $1
Simora [160]

Answer:

option (c) $500

Explanation:

Data provided in the question:

Demand, D = 500 vats of fertilizers

Cost, C = $1

Ordering costs for a new order, F = $250

Now,

Economic Order Quantity = \sqrt{\frac{2FD}{C}}

on substituting the respective values, we get

Economic Order Quantity = \sqrt{\frac{2\times250\times500}{1}}

or

Economic Order Quantity = √250,000

or

Economic Order Quantity = 500

Cost of Economic Order Quantity = 500 × $1 = $500

Hence,

the answer is option (c) $500

5 0
4 years ago
The City of Oxbow General Fund has the following net resources at year-end:
Delvig [45]

Answer:

$1,622,000

Explanation:

Preparation of the fund balance section of the balance sheet.

Partial Balance Sheet-General Fund

As of December 31

FUND BALANCES SECTION OF THE BALANCE SHEET

Nonspendable:

Prepaid Insurance $10,000

Restricted:

Intergovernmental Grants $250,000

Emergency services $26,000

Committed:

Rainy Day Fund $600,000

Capital Projects $275,000

Assigned:

Unassigned $461,000

TOTAL fund balance $1,622,000

Therefore the fund balance section of the balance sheet will be $1,622,000

7 0
3 years ago
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