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olasank [31]
3 years ago
5

Marlon intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contrac

t, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services.
Which of the following types of agency had Marlon and Nita entered into?
A) apparent agency
B) agency by ratification
C) implied agency
D) express agency
Business
1 answer:
Lina20 [59]3 years ago
3 0

Answer:

D) express agency

Explanation:

From the question, we are informed about Marlon who intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services. In this case, the types of agency had Marlon and Nita entered into is express agency. Express agency can be regarded as an agency that is been set up through an oral or a written agreement that exist between agent and principal. This gives indication of their express intent as regards this representational status. In this agency, the written or spoken words of the principal is used in authorizing the agent so that he can to act on behalf of the principal. An agency can be regarded as contract which could be express or implied.

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The following information is available for Montrose Company at December 31: Cash in bank account $ 8,540 Petty cash $ 250 Short-
ANEK [815]

Answer:

Cash $10,430 ; Cash equivalents $20,400

Explanation.

Cash consist of all currencies in hand or any convertible asset which can be converted to cash immediately.

It is to be noted that the assets with high liquidity will be included in cash and cash equivalent balance. They can quickly be converted to cash and would normally have 90 or lesser days to mature.

Solution.

$

Cash in bank. 8,540

Petty cash. 250

Check from customer. 1,350

Money order. 290

Cash. 10,430

The check has a very short maturity period since it will clear within 3-4 working days.

Money order can be cashed immediately .

Therefore;

Cash value is $10,430

For cash equivalent,

Cash equivalent = Money market fund balance + Treasury bills maturing in 60days

Cash equivalents = $10,400 + $10,000

=$20,400.

The amounts considered as cash and cash equivalents as of 31 December are ;

Cash $10,430 , $20,400 respectively.

8 0
3 years ago
You own a portfolio that has $3,100 invested in Stock A and $4,200 invested in Stock B. Assume the expected returns on these sto
mina [271]

Answer:

The expected return on portfolio is 14.45%

Explanation:

The expected return on portfolio is the weighted average return of the stocks that form up the portfolio. Thus, the weighted average return can be calculated by multiplying the weights of each stock in the portfolio by their expected return. The formula for portfolio return for a two stock can be written as,

Portfolio return = wA * rA + wB * rB

Where,

  • w represents the weight of investment in each stock in portfolio as a proportion of total investment in the portfolio
  • r represents the rate of return

Total investment in portfolio = 3100 + 4200 = $7300

Portfolio return = 3100/7300 * 0.11   +   4200/7300 * 0.17

Portfolio return = 0.1445 pr 14.45%

8 0
4 years ago
If the real output of a DVC increases from $200 billion to $260 billion and its population increases from 100 to 110 million, it
SCORPION-xisa [38]

If the real output of a DVC increases from $200 billion to $260 billion and its population increases from 100 to 110 million, its real per capita output will have increased by about $167. This is further explained below.

<h3>What is real per capita output?</h3>

Generally, The real gross domestic product per capita is a figure that is calculated by dividing the entire economic output of a nation by the total population of that country after adjusting for inflation.

In conclusion, If the actual production of a DVC goes from $200 billion to $260 billion and at the same time its population goes from 100 million to 110 million, then the real output per capita will have climbed by around $167.

Read more about real per capita output

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3 0
2 years ago
Alpha has $40,000 of capital per worker, while Beta has $5,000 of capital per worker. According to the principle of diminishing
DedPeter [7]
It was D I think because it has the word increase output
7 0
3 years ago
Storing data on the_______ enables access from any location.
Sophie [7]

Answer:

<u>The correct answer is: storing data on the_cloud_ enables access from any location.</u>

Explanation:

Let's recall that cloud storage is a cloud computing service that allow users to  store data on the Internet through a cloud computing provider that manages and operates this service. It is offered on demand with timely capacity and cost, and eliminates the need to buy and manage your own data storage infrastructure. This gives users some important benefits such as agility, global scale and durability <u>with access to data at any time and place.</u>

5 0
3 years ago
Read 2 more answers
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