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
If households and firms increase the level of private savings because they become pessimistic about the future, then:
Margarita [4]
<span>If people are saving their money because of pessimistic feelings about the future then it will have an impact on current spending in the economy. When people are saving instead of investing money or purchasing large items such as homes or vehicles than the businesses in those markets are affected. For example, if there is no one buying new houses, then builders will see a decrease in work and the companies that provide building supplies will be affected. The people in the companies will also begin spending less as there is less work and less money to go around which also affects the economy on a large scale.</span>
8 0
3 years ago
Individuals who pay less of their own health care costs may have an incentive to use health care resources more frequently and t
SSSSS [86.1K]

Answer:

C. moral hazard.

Explanation:

Moral hazard -

It is the condition , where the person take more risk , as he or she is aware that someone else need to bear the risk , is known as moral hazard .

In this case , one of the party can change the damage of  other after any type of monetary transaction has occurred .

Hence , from the question ,

The statement given in the question , is about Moral hazard .

3 0
3 years ago
Review the scenario:
ankoles [38]

Answer:

w4

Explanation:

because its w4 because it explains its his first day on the job

4 0
3 years ago
Read 2 more answers
__________ is the function in business that is responsible for acquiring funds for the firm and managing funds within the firm.
Contact [7]

The financial manager must decide how much money is needed and when, how best to use the available funds, and how to get the required financing

<h3>What is  financial manager?</h3>

Financial managers are in charge of an organization's financial health. They create financial reports, direct investment activities, and plan for their organization's long-term financial goals.

A financial manager is in charge of maintaining the proper balance of equity and debt. Funding allocation: The next step is to allocate the funds after they have been raised. The best way to allocate funds: the size of the organizations and their ability to grow.

The finance function serves two primary functions: it provides the financial information that other business functions require to function effectively and efficiently. to assist with business planning and decision making

To know more about  financial manager follow the link:

brainly.com/question/1279044

#SPJ4

6 0
2 years ago
What is valuable goods
tankabanditka [31]
Anything that is possessed with funds or luxury or heirloom items
4 0
3 years ago
Other questions:
  • Joey's father is in a car accident and cannot work. what type of insurance replaces his father's earnings?
    7·2 answers
  • The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020.
    5·1 answer
  • Over the past decade, household debt has
    10·2 answers
  • ___________ is the ability of a product to satisfy a customer. A. Economic utility B. Value C. Purchasing power D. Outsourcing
    5·1 answer
  • Suppose a decrease in the supply of wheat results in an increase in revenue. This indicates that Group of answer choices a. the
    9·1 answer
  • Lakeside Sheet Metal is downsizing and plans on completely closing 3 years from now. The firm's liquidation plan calls for annua
    6·1 answer
  • The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the q
    9·1 answer
  • Under what conditions do you think the U.S. dollar might weaken against other major currencies (i.n. the euro, yen and yuan)
    12·1 answer
  • A. are dividends paid to creditors or investors? explain why. b. how much cash is in the retained earnings account?
    11·1 answer
  • Refer to the above diagram of the market for corn. If the price in this market is $2 per bushel, then there will be? (The graph
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!