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dezoksy [38]
3 years ago
11

A broker took earnest money from a buyer. He deposited the money in the trust account, but when his electric bill was due, the b

roker deposited the buyer's money into the broker's business account. What is this action called?
Business
1 answer:
Roman55 [17]3 years ago
8 0

Answer:

"Conversion"

Explanation:

A Broker received the enthusiastic capital of a buyer. He dropped the capital in particular Trust account, although when his electric bill remained due, the Broker dropped the buyer's capital toward the Broker's business account. This action is introduced as "Conversion." <u>Conversion</u> indicates money taking this should be handled in escrow for the parties as well as utilizing the money for that broker's private requirements (such as managing money). This is an unlawful act. So, hence in the given statements, the Broker does an action that signifies conversion.

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A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used
bagirrra123 [75]

Answer:  

<h2>$13,070 </h2>

Explanation:  

The Cost of inventory = all cost of purchase; including costs of conversion and transfer.

Calculation of Inventory Cost FOB ship.  

Cost of Purchase $12,000  

Transportation-in       $100

Shipping insurance    $170

Car import duties      $800

Total Cost              $13,070

8 0
3 years ago
Global reserves of oil, gas, and coal are still abundant. <br> a. True <br> b. False
tiny-mole [99]
I think the answer must be True! Because the scientist are uncertain of how long the resources will be last. Hope it helped you!  Have a great day! :)
3 0
3 years ago
Which of the following sentences express correct number style?
Gre4nikov [31]

Answer: a. The professional software package included Web 2.0 applications, but it cost more than $1,200.

Explanation:

A simple rule for writing a correct number style is that when writing numbers between 1 - 9 ( single digits numbers), you should spell them out. When writing anything larger however or if writing multiple numbers, you should write them as numerals.

This convention can be typically broken every now and then in certain cases. One of those cases is that, if you have a situation where you have 2 numbers in a sentence, you have to use one style for it and if the 2 numbers consist of 1 small number and 1 large number you would preferably have to use numerals.

For this reason Option A which has two numbers written as numerals is correct.

It is worthy of note however, that different styles exist as do Citation Styles and this answer is based on the most rudimentary of said styles.

4 0
2 years ago
When using the Euromarkets, companies ____.?
STALIN [3.7K]
When using the Euromarkets, companies pay less for the loans
8 0
2 years ago
Differentiate between the short run and Long run?​
kramer

Answer:

Short-run is a time limit during which at least one input can be fixed and other input quantities can be verified.

The long run is a time period in which all the inputs can be verified in quantities.

Explanation:

  • Both the fixed and variable costs occur in the short term.
  • There are no fixed costs in the long term.
  • The combination of the output of a company results in the desired amount of the goods at the lowest possible cost is sustained by efficient long-term costs.
  • The output changes variable costs. For instance, the employee's salaries and raw material costs are variable costs.

  • Based on variable costs and the production rate, the short-run costs are increasing or falling. If a company manages its short-term costs well over time, the desired long-term costs and goals will more likely be achieved.
3 0
2 years ago
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