Property management agreement is the document which is used by the owners and property managers to sign and formalize the agency relationship
An agreement for property management is made between the owner of the property and the manager who is employed to look after it. In addition to costs for upkeep, leasing, and tenant eviction, it is typical for the management to get a percentage (%) of the overall revenue made by the property.
A property owner and the organization or individual engaged to manage the property enter into a property management agreement. This agreement details the duties a management business undertakes on behalf of the owner.Good property management agreements go beyond simply outlining the roles that each party will play. They also include liability insurance.
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<span>It takes time for a team to develop and be productive, Erik should give some more time for the team to stabilize, sort out their differences and work towards the common objective as a team. This is normal for a team to have conflicts in the beginning, it leads to brain storming and help the team to get to know each other better and normalize.</span>
Answer: directing function
Explanation: In simple words, directing refers to the function in which a manger instructs and guides his or her subordinates so that the organisation can achieve its predetermined goals.
In the given case, Jen is motivating and teaching her employees and after that she is evaluating the result of performance.
Hence from the above we can conclude that she is performing directing function.
Answer:
a. Increase both an asset and capital stock.
Issuance of common stock increases the cash as assets and common stock as a capital stock.
b. Increase both an asset and a liability.
Supplies purchased on account increases the Inventory as an asset and Increases the payable as a liabilities.
c. Increase one asset and decrease another asset.
Maturity of an Investment in debt instrument, Increases the cash as an asset and decreases the investment as another asset.
d. Decrease both a liability and an asset.
Payment to supplier decrease the account payable as a liabilities and cash as an asset.
e. Increase both an asset and retained earnings.
Cash Sales Increases the cash as an asset and Net profit as a retained earning.
f. Decrease both an asset and retained earnings.
Sales return decreases the account receivable as an asset and net profit as a retained earning.
