Answer:
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C) represent clients and customers in residential or commercial property transactions, but not both.
A real estate licensee refers to an individual who holds an active license as a real estate broker, principal real estate broker or licensed real estate property manager.
A real estate licensee has permission to enter into a property they represent with the general public. This means that the owner of the real estate grant the agent his or permission to make use of the land.
Other duties of a real estate licensee are :
- Determining clients’ needs and financials abilities to propose solutions that suit them.
- Providing guidance and assisting sellers and buyers in marketing and purchasing property for the right price under the best terms.
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Answer:
The LCNRV basis is justified because of a decline in the selling price of the inventory item
Explanation:
The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.
These costs includes cost of purchase, freight, Insurance cost during transit etc.
Subsequently, inventory is to be carried at the lower of cost or net realizable value.
This is justified where there is a decline in the selling price of inventory as it ensures that the amount stated in the books is fairly representative of the amount that may be realized from the sale of the inventory items.
Answer:
The correct answer is D
Explanation:
Consumer cost is the cost which is described as the price of the product and also encompasses the cost of the purchase, post use cost and the use costs.
The cost or expense of the purchase comprise or involve the cost of information gathering, searching the product regarding or in relation to the product as well as the cost of obtaining or acquiring the information.
Therefore, they are considering the price and also the license fees, insurance, finance charges and maintenance. So, all of the factors states the consumer cost.
<span>Answer:
R = Pe^(kt) where R = revenue, P is present value, k is interest rate and t is time in years.
(60 000 + 45 000+ 75 000)/2 = Pe^(.07*1)
90 000 = Pe^.07
P = 90 000/e^.07 = $83915.44
(60 000 + 45 000+ 75 000)/2 + 75 000(t-1) = 150 000 e^(kt)
90 000 + 75 000t - 75 000 = 150 000e^(.07t)
15 000 + 75 000t = 150 000e^(.07t)
1/10 + 1/2t = e^(.07t)
ln(.1 + .5t) = .07t
ln(.1+.5t)/t = .07
t = 2.12 years</span>
