Answer:
C. managing broker over Agent Smith
Explanation:
a managing broker is someone is held liable over the actions of another broker office or agency that act on the managing broker's behalf. Thse office or agnecy are allowed to act without direct order from the managing broker, but managing broker will be the one that receive all the consequences.
All the profit that is made by managed entity (in this context agent smith) will have to goes to managing broker first and the managing broker will share the profit on a private term with Agent Smith.
In return, the managing broker will have to ensure that all of the agents that he/she has under disposal have to follow the compliance rule that is made by the government. He will manage the licence and annual tests of the agents in order to ensure consumer safety.
True, because you don't everyone good at the same thing. For example, if you want to make a car, you don't want everyone to just know how to build doors.
Answer: The equilibrium rate of interest in the market for money is determined by the intersection of the supply of money curve and the total demand for money curve.
Explanation: To determine the equilibrium rate of interest, it's necessary to study where the supply and demand curve points intersect. When supply and demand are equal, equilibrium has been achieved.
Answer:
The correct option is d. Non cash activity
Explanation:
Operating Activity: The operating activity is that activity which records any changes ion the working capital or we can say increase or decrease in the currents assets and current liabilities.
Investing Activity: The investing activity records all those transactions which are related to the purchase and sale of fixed assets
Financing activity: It records those transactions which is for the long term i.e issue of shares, the redemption of debentures, etc.
All these three activities are term as cash activities because it includes cash transactions.
So, in the given question it is mentioned that the purchase of equipment by issuing a long-term note payable which is a non-cash activity because it does not have any cash transaction. It does not affect the cash balance.
Thus, under non-cash activity, we classify the purchase of equipment by issuing a long-term note payable
Hence, the correct option is d. Non-cash activity
