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Natali [406]
3 years ago
8

The Department may choose to grant an exception to the examination requirement under certain circumstances. Which of the followi

ng situations would probably NOT be considered for an exemption?
Business
1 answer:
soldier1979 [14.2K]3 years ago
6 0

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."

You might be interested in
Rusty Corporation purchased a rust-inhibiting machine by paying $54,500 cash on the purchase date and agreed to pay $10,900 ever
svetlana [45]

Answer:

$131,014.62

Explanation:

According to the scenario, computation of the given data are as follows,

Cash Payment = $54,500

Payment to be paid every three month = $10,900

Number of payment = 4 × 2 = 8

Interest rate = 12% annual

Interest rate (3 months) = 12% × (3÷ 12) = 3%

So, Purchase price of machine = PV of future payment + Cash payment

Where, PV of Future payment = Instalment payment × (PVAF 3%, 8)

By using PVAF table, we get

PV of Future payment = $10,900 × 7.01969 = $76,514.621

Hence, By putting the value in the formula, we get

Purchase price of machine = $76,514.62 + $54,500

= $131,014.62

8 0
3 years ago
The following is the income statement for the period ending December 31, Year 1, for Manatee Construction Company:
kaheart [24]

Answer:

Sales 8,000,000 DEBIT

Gain from the sale of investments 100,000 DEBIT

 Income Summary   8,100,000 CREDIT

--to close revenues and earnings account

Income Summary 8,250,000  DEBIT

  Cost of goods sold                  6,500,000 CREDIT

   Salaries expense                      300,000 CREDIT

   Other administrative expenses 100,000 CREDIT

   Interest expense                       900,000 CREDIT

   Advertising expense                 450,000 CREDIT

--to close expenses account

Retained Earnings 150,000 DEBIT

  Income Summary     150,000 CREDIT

Explanation:

To close the accounts we use the income summary account as an auxiliar tool

The revenues and gains have a normla balance of credit thus, we debit to close them

The expenses are normal balance debit so we credit them against income summary.

Last we transfer the Income Summary account into retained earnings.

3 0
3 years ago
What is the percentage return (interest rate) an investor will receive if they purchase a zero-coupon bond today for $954.70 tha
DanielleElmas [232]

Answer:

Interest rate = 4.75% (approx)

Explanation:

Given:

Face value of bond = $1,000

Present value of bond = $954.70

Interest rate = ?

Computation of Interest rate :

Interest rate = [\frac{Face value of bond}{Present value of bond}-1] \times 100\\

Interest rate = [\frac{1,000}{954.70}-1] \times 100\\\\Interest rate = [1.04744946-1] \times 100\\Interest rate = [0.04744946] \times 100\\= 4.744946

Interest rate = 4.744946%

Interest rate = 4.75% (approx)

8 0
3 years ago
Which of the following statements does not accurately describe the fair-value method of accounting?
Mama L [17]

Answer: Option (A)

Explanation:

Fair values mostly tends to exist for the marketable security but this in terms does not state that this method is applicable. For instance if investor tends to control the entity with the traded equity, therefore the investment is centralized and thereby, fair-value method of accounting is not being used.

Therefore, from the given options we can state that option (A) does not precisely describes the fair value method.

8 0
3 years ago
Amy wants to invest money for two years. She doesn’t know which investment is best for her. What should Amy do?
astra-53 [7]

Answer:

She should become more knowledgeable by talking with a financial adviser, reading books, or by taking a class.

Explanation:

5 0
3 years ago
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