Available options are:
A salesperson who has held a valid license within the last 3 years
A broker who surrendered his broker license and has been employed as a salesperson since the surrender
A broker associate who had a valid salesperson license five years ago
A broker associate who held a broker associate license two years ago
Answer:
A broker associate who had a valid salesperson license five years ago
Explanation:
The Department may choose to grant an exception to the examination requirement under certain circumstances except "a broker associate who had a valid salesperson license five years ago."
This is because in the United States, for the real estate brokers to renew a license they need to undergo an examination as part of the requirements. However, they may be granted an exception under specific situations such as
1. When they still hold a valid license within the last 3 years
2. When they hold broker associate valid license within the last two years
3. When they are now into salesperson employment.
Hence, considering the available options, the correct answer is "A broker associate who had a valid salesperson license five years ago."
Answer:
$12,021
Explanation:
Calculation to determine what Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of:
Using this formula
Interest paid =[Bonds amount*(Priced to yield/2)]
Let plug in the formula
Interest paid = $200,356*( 12%/2)
Interest paid=$200,356*6%
Interest paid =$12,021
Therefore Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of:$12,021
D.) Marginal cost is equal to average total cost. (Because when the average total cost is at its minimum, marginal cost is also at its minimum.)
Answer:
1. $28
2. $278,040
3. $7,560 under-applied
4. $8.8536
Explanation:
The computation is shown below
1. Predetermined overhead rate = (Total Budgeted: Overhead) ÷ (estimated direct labor-hours)
= $285,600 ÷ 10,200 hours
= $28
2. The applied overhead would be
= Actual direct labor-hours × predetermined overhead rate
= 9,930 hours × $28
= $278,040
3. The over applied or under applied would be
= Actual manufacturing overhead - applied overhead
= $285,600 - $278,040
= $7,560 under-applied
4. Total cost per unit would be
= (Prime Cost + Applied Overhead) ÷ (Number of units)
= ($1,050,000 + $278,040) ÷ (150,000 units
= $1,328,040 ÷ 150,000 units
= $8.8536
Cave Hardware's forecasted sales for April, May, June, and July are $150,000, $250,000, $100,000, and $290,000, respectively. Sa
dmitriy555 [2]
Answer:
$160,000
Explanation:
The computation of budgeted cash payments in June is shown below:-
For computing the budgeted cash payments in June first we need to find out the may credit sales and June cash sales.
May credit Sales = May = $250,000 × 40% × 100%
= $100,000
and
June cash sales = $100,000 × 60%
= $60,000
Cash collection budgeted June = May credit Sales + June cash sales
= $100,000 + $60,000
= $160,000
