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3 years ago

In which situations is a broker/seller NOT required to provide a written disclosure regarding the broker's license status?

Business

1 answer:

Natali5045456 [20]3 years ago

3 0

Answer: when the broker is selling property for the broker's sister

Explanation:

The situations in which a broker or seller is not required to provide a written disclosure regarding the broker's license status is when the broker is selling property for the broker's sister.

It should be noted that license holders

that wants to either purchase or sell a property on their behalf or for a relation should disclose that they are licensed and this should be done in writing.

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Madole Corporation has two production departments,Forming and Customizing.The company uses a job-order costing system and comput

Ludmilka [50]

Complete Question:

Madole Corporation has two production departments,Forming and Customizing.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours.At the beginning of the current year,the company had made the following estimates:

Machining Customizing Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 20,000 2,000 $90,000 $88,000 18,000 1,000 $ 2.00 $ 4.00 During the current month the company started and finished Job K973. The following data were recorded for this job: Job K973 Machine-hours Direct labor-hours Machining Customizing 70 40 40 60.

a. Calculate the estimated total manufacturing overhead for the Forming Department.

b. Calculate the predetermined overhead rate for the Customizing Department.

c. Calculate the total overhead applied to Job K973 in both departments.

Answer:

Madole Corporation

a. Calculation of the Estimated total manufacturing overhead:

Machining Customizing Total

Total fixed manufacturing overhead cost $90,000 $88,000 $178,000

Variable manufacturing overhead cost 36,000 80,000 116,000

Total overhead cost $126,000 $168,000 $294,000

Estimated total manufacturing overhead cost for the Forming Department = $126,000

b. Calculation of the predetermined overate rate for the Customizing Department = Overhead cost/Direct labor hours

= $168,000/2,000

= $84 per direct labor hour

For Forming department = $126,000/18,000 = $7 per machine hour

c. Total overhead applied to Job K973:

Machining = 70 * $7 = $490

Customizing = 60 * $84 = $5,040

Total overhead applied = $5,530

Explanation:

a) Data and Calculations:

Machining Customizing

Machine-hours 18,000 20,000

Direct labor-hours 1,000 2,000

Total fixed manufacturing overhead cost $90,000 $88,000

Variable manufacturing overhead per machine-hour $2.00

Variable manufacturing overhead per direct labor-hour $ 4.00

Data for Job K973

Machining Customizing

Machine-hours 70 40

Direct labor-hours 40 60

4 0

3 years ago

Making formal statements, engaging in rites and rituals, utilizing employee training and coaching, demonstrating how a leader re

yuradex [85]

Answer:

The correct answer is Effect Corporate Change

Explanation:

Corporate change arises not only from the change in hierarchical structure, but from the beliefs, culture and values by which one company can be recognized against others. And this change is mainly due to the treatment and the possibilities they offer in personal growth from the highest ranking boss to the person with the lowest level of authority. These actions allow a better development in the market, since they have updated competences that allow them to head towards the market effectively.

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3 years ago

Read 2 more answers

Below is a list of activities for Purple Cow Incorporated. Required: For each activity, indicate the impact on the accounting eq

myrzilka [38]

Answer:

Assets = Liabilities + Stockholders' Equity

1. 1,600 0 1600

2. -400 0 -400

3. 0 0 0

4. -100 0 -100

5. -400 0 -400

6. 1000 0 0

-1000

7. 7000 7000 0

8. 0 200 -200

9. 10000 0 10000

10. -500 0 -500

Totals 17200 7200 10000

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3 years ago

Does Svensons find a refrigerator value that $2300 on sale for $1900 they decided to withdraw $500 from savings to use as a dow

ivann1987 [24]

Answer:

B.The Svensons Assets increased by $1800

Explanation:

The Svensons assets increased by $1,800 because even if they purchased the refrigerator for $1,900, the market value of the refrigerator is $2,300, so their assets initially increase by this amount.

However, they also withdraw $500 from their savings to pay for the refrigerator, meaning that this asset account is reduced by the same amount.

Thus, an initial increase of $2,300 minus a later decrease of $500 gives us a final $1,800 increase.

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3 years ago

Jerry's job includes many credit activities. He is responsible for collecting and processing loan payments, answering questions

jonny [76]

Answer:

C. Processing loan payments

Explanation:

(ECOA )is an abbreviation of Equal Credit Opportunity Act. The law prohibits any form of credit discrimination to any applicant, be it racial, color, age, or any other.

Jerry's job description matches that of an offer working in a credit department. His duties revolve around assisting customers with loan applications and processing. His role is covered under ECOA. Jerry must give each applicant an equal opportunity to access credit.

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4 years ago