Answer:
Explanation:
A)
Dr Cash 3250000
Cr Revenue 325000 [500*6500]
Dr Warranty expense 20000
Cr Liabilities on warranties 20000
B)
Dr Cash 3250000
Cr Revenue 3189000
Cr Unearned warranty revenue 61000
Dr Warranty expense 20000
Cr Cash 20000
Dr Unearned warranty revenue 30500
Cr Warranty revenue 30500[20000/40000*61000]
Answer:
a purchase option
Explanation:
A purchase option in a real estate contract allows the buyer to purchase a property within a certain specified of time for an agreed price. For example, I have a purchase option that allows me to buy an apartment within 6 months for $150,000.
While the purchase option is valid, the seller cannot sell or transfer the property to another buyer.
The real estate industry applies, broker of the following labels to individuals that have obtained qualifications beyond the basic level of licensure and, therefore, can operate their own agency and employ salespersons. The correct option is B.
<h3>What is the relationship between a sponsoring broker and a salesperson?</h3>
When a salesperson completes a transaction, any commissions or fees are paid to the broker, who then pays the salesperson. Typically, a salesperson and their sponsoring broker will agree on a percentage of the commission.
A real estate broker performs the same functions as an agent, but is allowed to work independently and may hire agents. Brokers are paid on commission, but they also receive a portion of the commissions earned by the agents who work for them.
Thus, the ideal selection is option B.
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Answer:
1) Mining
2) Ranching
3) Commercial Farming
Explanation:
The miners who comes mostly from California and other areas fulfilled the demand for gold and silver in the East. They also contributed in extracting other minerals i.e. copper, zinc, iron ore, lead, and quartz, which were great for the industrial use.
The sheep and cattle ranchers played an important role too i.e. that they produced wool, meat, and leather to satisfy the demands of eastern manufacturers and the consumers.
The farmers contributed by making farming commercial. They sold their crops in home town and internationally which helped the economy to improve.
Answer:
A. capitalize capitalize
Explanation:
All the expenses incurred to make the asset usable are capitalized and those expenses become the part of cost of that assets for which that are incurred. Interest on debt to purchase an asset and in case to construct the asset both are capitalized, because these expenses are essential to make assets usable for the business.