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zhenek [66]
3 years ago
5

Broker Greg has a listing for an office building. Licensee Gary who works for Greg wants to buy the building as an investment. W

hich statement is true? Gary should have his brother buy the building for him. He must inform the seller in writing that he has a license before he makes an offer. Gary needs to apply to the Department for a waiver before he can purchase the building. He can’t buy the building unless the listing goes to another broker.
Business
1 answer:
sergejj [24]3 years ago
6 0

Answer:

He must inform the seller in writing that he has a license before he makes an offer

Explanation:

A broker is an individual or a company that sells and buy properties, stocks, or investments on behalf of investors. A licensee must be licensed by a broker.

In this case, broker Greg has a listing for an office building and licensee Gary who works for broker Greg wants to buy the building as an investment. Since Gary, who is an emoloyee to Greg is interested in the building, he needs approval before making any investment in the buliding. This approval would help avoid insider trades.

Therefore, Gary must inform the seller in writing that he has a license before he makes an offer.

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When you are considering changing careers, it is important to manage the process to achieve your desired outcome.
Svetach [21]
Im fairly certain its True
8 0
3 years ago
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Which of the following is a characteristic of a certificate of deposit?
valentinak56 [21]

Answer:

C). It requires that the funds be kept in the account for a minimum fixed period of time e.g. 90 days

<u>Multiple- choices</u>

A).  You have to earn at least $100,000 in salary to be allowed to buy a CD

B).  It is just a different name for a savings account

C). It requires that the funds be kept in the account for a minimum fixed period of time e.g. 90 days

D). Only large banks offer them

Explanation:

Banks and other financial institution offer certificates of deposit (CD) saving account to customers who intend to limit the number of withdraws. This type of savings account pays a higher interest rate than the regular savings account. A customer wishing to open this account agrees with the bank on the duration that they want to save the money.  Withdrawals can only be made after the agreed period lapses. Should the customer demand for their money before the end of the agreed period,  they may get penalized by the banks.

8 0
2 years ago
Overview of financial planning
VMariaS [17]

Answer:

1. Operating plan.

2. Operating plan.

3. Financial plan.

4. Dividend policy.

5. B and C.

Explanation:

1. Operating plan: provides detailed implementation guidance for a firm's operations, as well as a forecast of the company's expected future free cash flows.

2. Operating plan: provides the inputs necessary for a risk management evaluation using sensitivity analysis, scenario analysis, or simulations.

3. Financial plan: Is based on knowledge of the amount of funds necessary to compensate the firm's shareholders, and the mix of debt and equity capital used to finance the firm.

4. Dividend policy: sets forth specific targets for cash or share distributions to the firm's shareholders.

Capital structure: describes specific targets for the mix of debt and equity used to finance a firm.

Financial planning can be defined as the process of estimating the amount of capital required for the smooth operations of the business and determine how to achieve the firm's set goals and objectives.

Hence, the following statements are true about financial planning;

I. Once a firm's forecasted financial statements are prepared, the firm must determine how much capital it will need to support these plans.

II. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly.

6 0
3 years ago
Octavia has received an email from a customer asking her a question about a product unfortunately Octavia doesn't know the answe
Gwar [14]

Octavia should tell the customer that she doesn’t know the answer right now, but she will try to figure it out as soon as possible, and it may take a few days.

Another great option is for Octavia to ask a coworker right away who may know the answer to the question.

6 0
3 years ago
Read 2 more answers
The property tax on a rental house owned by Mr. Janey increased by $1,200 this year. Mr. Janey increased the monthly rent charge
MAXImum [283]

Answer:

Both will bear

Explanation:

Both Mr. Janey and Ms. lacey will bear the incidence of the property tax increase because Mr. Janey has only shifted $540 ( $45 x 12) of the total $1200 by increasing the monthly rent charge of his tenant Ms. lacey by $45/month. Mr. Janey will pay only $660 of $1200 increase in tax and remaining will be paid by Mr Lacey.

6 0
3 years ago
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