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
Firlakuza [10]
3 years ago
8

Modesto broker Killian Johnson has just received a money deposit and the related instructions from the buyer, Luis Alverez. Whic

h of the following does NOT describe how Killian should handle this deposit?
a. Give the money to the principal to the transaction.b. Deposit into Killian's account, then figure out his commission, deduct that number to arrive at the final amount (due to the principal) and then write a check to the principal for the monies due to him, within 3 business days.c. Put it into a neutral escrow depository.d. Put it into the broker's trust fund account at a bank or other financial institution
Business
1 answer:
jeka57 [31]3 years ago
6 0

Answer: B. Deposit into Killian's account, then figure out his commission, deduct that number to arrive at the final amount (due to the principal) and then write a check to the principal for the monies due to him, within 3 business days.

Explanation: A broker is a person or organisation who acts in the place of a principal to transact business with a potential customer. a broker is responsible to his or her principal which means he or she or even if its an organisation receives instructions on how to dispose off certain item.

In an agent/broker and a principal relationship, the principal is the owner of the sum of money paid,hence Killian does have to pay into his account and figure his commission by himself, it is to be done by the principal who will eventually pay for the agreed commission to Killian the agent.

You might be interested in
How will the Senator's plan spur economic growth? A) The business community will support the plan. B) Using tax breaks will allo
Mademuasel [1]
Business will be able to save the money they will recieve back from taxes.
5 0
3 years ago
Read 2 more answers
TB MC Qu. 7-77 Corbel Corporation has two divisions: Division A and ... Corbel Corporation has two divisions: Division A and Div
irina1246 [14]

Answer:

Corbel Corporation's common fixed cost  is $41,650

Explanation:

Division A contribution margin       $47,700

Division B contribution Margin       <u>$80,850</u>           $128,550

($231,000 * 35%)

Less: Traceable fixed cost              $59,700

Operating Income                           <u>$27,200</u>           <u>($86,900)</u>

Common fixed cost                                                   <u>$41,650</u>

3 0
3 years ago
Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 9 percent. Both bonds have 14 years to maturity, make semiann
beks73 [17]

Answer: -18.80% for bond J, -15.46% for bond K

Explanation:

If interest rates suddenly rise by 2 percent, the percentage price change of bond J is -18.80% while the percentage price change of bond K is -15.46%

The calculation is provided below

8 0
3 years ago
Variable and Absorption Costing-Service Company Jensen's Tailoring provides custom tailoring services. After the company's first
loris [4]

Answer:

124

Explanation:

Yes

5 0
3 years ago
Open market operations refer to which action by a central bank?
MAVERICK [17]

Answer:

B so it said 20 characters tooblong and dont copy th rokffkmf

5 0
3 years ago
Read 2 more answers
Other questions:
  • What do points do in Brainly?<br> Can you earn anything with them?
    8·2 answers
  • Stan read an ad in the newspaper which said that the jackpot for picking the six winners in the dog race on the last night of th
    15·1 answer
  • One car rental agency rents a mid dash size car at a daily rate of ​$36.95 plus 36 cents per mile. Another company rents a mid d
    12·1 answer
  • Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (i.e., direct materials
    13·1 answer
  • Under a system of floating exchange rates, changes in the value of the U.S. dollar relative to other currencies are the result o
    13·1 answer
  • Assume you deposit $5,000 at the end of each year into an account paying 9.5 percent interest. a. How much money will you have i
    6·1 answer
  • Determine the gross income of the beneficiaries in the following cases:
    14·1 answer
  • When buying school clothes at her favorite store, Evie is offered a credit card that can only be used at that particular store.
    12·2 answers
  • Hearing and listening ___________________.
    5·1 answer
  • One of your customers has decided to commit $10,000 to fixed income. She is trying to decide if it makes more sense to invest in
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!