An agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.
<h3>What are agent and broker?</h3>
Agents and brokers are described as the traders that conduct the trade of goods, or can associate with buying and selling processes. It is important to mention that agents and brokers form an important link in influencing a supplier, trading of products, and movement of goods.
The agents and the brokers do not possess the goods but act as an important intermediary who makes it easy to buy and sell. In other words, the agents and the brokers bring the sellers and the buyers together so that an effective negotiation process can be conducted.
It can be concluded that an agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.
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Dec 31
Dr Interest expense $72,000
Cr Interest Payable $72,000
($900,000*9%)
(Being to record the first year interest expense accrued)
<h3>What is Interest Payable? </h3>
Interest Payable is a liability account, shown on a company's balance sheet, which represents the amount of interest expense that has accrued to date but has not been paid as of the date on the balance sheet.
In short, it represents the amount of interest currently owed to lenders.
<h3>Is interest payable an asset?</h3>
Interest payable is a liability, and is usually found within the current liabilities section of the balance sheet.
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The item that should not be among Lucy's main considerations in selecting these accounts are that the account recommended for somebody with different needs.
<h3 /><h3>What is checking account?</h3>
A transaction account is a deposit account kept at a bank or other financial institution. It is also known as a checking account, checking account, current account, request deposit account, or shared draft account at credit unions.
In the above situation, Lucy will have to pay the amount of interest to be on deposits, and eligible to any advantages of having all the accounts at the same bank.
Lucy will also bear the fees for having multiple savings accounts, as having a multiple accounts increases the fees of all the accounts.
The account cannot be opened for the need of somebody, it is opened for the banking transactions and for depositing the money.
Therefore, option A is correct.
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Increase because the software will become more in demand from the more economists.
Answer:
The correct answer is letter "D": Limited liability company.
Explanation:
Limited Liability Companies or LLCs are entities where the owners are not personally liable for the debt of the company. Owners are taxed on the company's profits when they receive them only and they are not subject to file an individual tax return for it.
In case the company decides to become public, several standards must be met according to the <em>Securities and Exchange Commission</em> (SEC) for the firm to issue shares of stock or another type of investment vehicle.
