1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
-Dominant- [34]
2 years ago
8

Kenzie is a broker agent hired to make a deal for the purchase of an office building. Kenzie sells the building. What is the res

ult related to the status of the agency?
Agency is not terminated
Agency is terminated by incapacity
Agency is terminated by fulfillment
Agency is terminated by law
Business
1 answer:
shtirl [24]2 years ago
5 0

This is the result of the process:

Agency is terminated by fulfillment

Explanation:

The process that the person is hired for has been completed as they are a broker agent and their work is to make the purchase of the office building possible.

Until the building was to be purchased they had an amount of agency about them but this is not valid as soon as the work is terminated or completed.

So here, the agency is terminated by the fulfillment of the work that was assigned to the broker.

There is no work in the deal remaining to be done so the agency is taken away by default.

You might be interested in
American Inc. had gross sales of $925,000. Cost of goods sold and selling expenses were $490,00 and $220, 000 respectively Ameri
drek231 [11]

Answer:

a. Particulars                                Amount

Gross sales                                  $925,000

Less: COGS                                 <u>$490,000</u>

EBITDA                                        $435,000

Less: Depreciation                      <u>$120,000</u>

EBIT                                              $315,000

Less: Interest on notes payable <u>$8,800   </u>  (220000*4%)

EBT                                               $306,200

Less: Tax (35%*306200)             <u>$107,170</u>

Net Income                                   <u>$199,030</u>

<u />

b. Operating cash flow = Net income + Depreciation

Operating cash flow = $199,030 + $120,000

Operating cash flow = $319,030

6 0
2 years ago
Which of the following happens when there are market failures? A) Firms compete more leading to more efficiency. B) The invisibl
lbvjy [14]

Answer:

The correct answer is option D.

Explanation:

A market failure refers to the situaion where the market forces fail to efficiently allocate resources. It happens because of a number of reasons such as externalities, monopoly, asymmetrical information, tragedy of commons etc.

In case of market failure, the government has to intervene to efficiently allocate resources. The failure of price mechanism to produce goods efficiemtly results in government to intervene.

5 0
3 years ago
The money supply will grow faster through deposit creation when the required reserve ratio is: a. high and banks hold excess res
Strike441 [17]

Answer:

c. low and banks are unable to loan out all of their excess reserves. d

Explanation:

Lower required reserve ratio means banks have more money to lend. When banks are able to lend all its excess money, then money supply increases for citizens.

7 0
2 years ago
Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that manage
Maksim231197 [3]

Answer:

d. Milton Friedman

Explanation:

Milton Friedman is an American economist that believed in the free market capitalism. He was a free market advocate. He therefore advocated that the social responsibility of a manager is to maximize shareholders returns.

6 0
3 years ago
Read 2 more answers
Super Computer Company's stock is selling for $100 per share today. It is expected that, at the end of one year, it will pay a d
lesantik [10]

Answer: A. 20%

Explanation:

The expected return takes into account whatever dividends and capital gains accrue to a stock over the period.

Expected return = (Price at end of period + Dividends - Price at beginning of period) / Price at beginning of period

= (114 + 6 - 100) / 100

= 20/100

= 20%

5 0
3 years ago
Other questions:
  • Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer account balance when it becom
    9·1 answer
  • You borrow $230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made monthly.
    12·2 answers
  • The purchase of established firms abroad with the goal of using the existing production, marketing, and distribution networks an
    15·1 answer
  • 3. Keim, Inc. manufactures baseball gloves that normally sell for $40 each. Keim currently has 1,000 defective gloves in invento
    13·1 answer
  • Ricardo Company has predicted the following costs for this year for 50,000 units: Manufacturing Selling and Administrative Varia
    7·1 answer
  • Assume that the risk-free rate is 6% and the market risk premium is 8%.
    9·1 answer
  • A 20-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 9.40%. (Do not round int
    6·1 answer
  • Jones Electric Motors uses a Kanban system to make motors for several garage door
    10·1 answer
  • What are two ways lean budget guardrails guide value stream investment decisions?
    12·1 answer
  • A particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg. if that land is converted to producing c
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!