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Leya [2.2K]
3 years ago
12

If a broker has compensated a non-licensed person for activities that he or she is not licensed for, the broker is guilty of

Business
1 answer:
zavuch27 [327]3 years ago
5 0

Answer:

Misdemeanor.

Explanation:

If a broker has compensated a non-licensed person for activities that he or she is not licensed for, the broker is guilty of misdemeanor.

Misdemeanor can be defined as any act committed by an individual but is generally considered to be less serious or a minor offence in legal situations.

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A) Joint Venture

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Based on the scenario being described within the question it can be said that in this context, Cream Bite Inc. is a Joint Venture. This is a business term that refers to an arrangement between two parties in which both combine their resources in order to meet an agreed upon goal in a more efficient manner and in a much smaller time-frame than if they were to do it separately.

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Answer:

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Budgeted cash receipts refer to the money that the company expects to receive in a specific period of time.

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$19,500+190,500-191,000= 19,000

Then, you have to subtract 19,000 from 31,500 to determine the amount that the company needs to attain its desired ending cash balance:

31,500-19,000= 12,500

According to this, the company should borrow $12,500.

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