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2 years ago

It is unlawful for a person to act as a real estate agent unless such person is legally associated

Business

1 answer:

ipn [44]2 years ago

3 0

Answer:

a licensed real estate broker

Explanation:

A "real estate agent" is a licensed individual who works by buying and selling properties. In order to practice this profession, he needs to associate himself that he's working under a brokerage.

The person can lawfully do his work as a real estate agent, provided that the real estate broker he's working for has a license. If the broker doesn't have a license, then it's considered illegal.

So to speak, the real estate agent functions like a salesperson.

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Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inven

belka [17]

Answer:

The total equivalent units for direct materials for October is 4,200

Explanation:

The Concept of Equivalent Units measures the number of units completed in terms of input element introduced in the process.

The Equivalent Units are Calculated on the units ending that is on the Units Completed and Units of Closing Work in Process

Note that materials are added at the beginning of the process

Units Completed

Are 100% complete in terms of Raw Materials

Equivalent units = 3900 × 100 % = 3900

Units of Closing Work in Process

Are 100% complete in terms of Raw Materials

Equivalent units = 30 × 100 % = 300

Total Equivalent Units = 3900+300 = 4,200

6 0

2 years ago

Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan.1 Inventory 26 units at

Mila [183]

Answer:

a. $26,400

b. $20,520

c. $24,140.64

Explanation:

a. The computation of inventory cost by the first-in, first-out method is shown below:-

Inventory cost under first-in, first-out method = Number of units × Unit cost of 3rd purchase

= 48 × $550

= $26,400

b. The computation of inventory cost by the last-in, first-out method is shown below:-

Inventory cost by Last in first out method = (Jan 1 units × Jan 1 Inventory per unit) + (Number of units - Jan 1 units) × Feb. 19 Inventory per unit

= (26 × $400) + (48 - 26) × $460

= $10,400 + $10,120

= $20,520

c. The computation of inventory cost by the average cost method is shown below:-

Average cost per unit = (26 × $400) + (57 × $460) + (62 × $540) + (60 × $550)

= $10,400 + $26,220 + $33,480 + $33,000

= $103,100

Per unit cost = Inventory cost ÷ Total number of units

= $103,100 ÷ (26 + 57 + 62 + 60)

= $103,100 ÷ 205

= $502.93

Inventory cost under average cost method = Per unit cost × Number of units

= 48 × $502.93

= $24,140.64

Therefore we have applied the formulas.

4 0

3 years ago

True or false: Many companies are discontinuing defined-benefit plans and moving toward defined-contribution plans, which shifts

julsineya [31]

Answer:

False

Explanation:

A defined benefit pension plan is a type of pension plan where the employer gives a promise with respect to the particular pension payment that could be lumpsum for the retirement basis

Since in the question it is mentioned that the companies would not continue with the defined benefit plan and they move to the defined-contribution plans that save for the retirement so that it would create the more responsibility over the company due to this they would provide the retirement benefit but this statement is false as it is better to received the lumpsum amount

5 0

2 years ago

Suppose the reserve requirement is 5%. What is the effect on total checkable deposits in the economy if bank reserves increase

madam [21]

Answer:

D. $1 comma 000 billion increase

Explanation:

The reserve requirement ratio determines the total amount of checkable deposits a bank must keep.

In this case the reserve ratio it's 5%, which means that the total amount of deposits cannot exceed an amount equal to 20 times its reserves.

If the reserves increase by $50 billion then $50/0,05 = 1.000 billion increase.

5 0

3 years ago

According to the textbook readings, gross margin results from _____________ 1) Subtracting expenses from profit 2) Subtracting e

sveticcg [70]

Answer:

The answer is 3. Subtracting cost of goods sold from net sales

Explanation:

Gross margin or Gross profit is the profit a business earn after deducting cost associated with making the goods from net sales(Net sales - Cost of goods sold or Cost of sales)

To calculate cost of goods sold - opening inventory/stock plus purchases minus closing inventory/stock.

The attached file also support this statement.

7 0

2 years ago

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