Answer:
Miguel cannot keep the listings; they belong to Imperial Realty.
Explanation:
Since Miguel decides to work for Millennium Real Estate instead and want to transferred his license but at the time of switching, he listed two properties.
So as a salesperson he cannot keep the listing as it belongs to a broker not a salesperson and the broker should also be reassigned to the new salesperson plus it also belongs to the imperial realty which he has not part anymore
Answer:
Loss = $122,881
Explanation:
Relevant Data provided
Bay Back Price of the bond = $103,000
Carrying value of the Bond As on 12/31/2022 = $225,881
As per the given question the solution of gain or loss is provided below:-
Gain or Loss = Bay Back Price of the bond - Carrying value of the Bond As on 12/31/2022
= $103,000 - $225,881
Loss = $122,881
So, we have calculated the loss by using the above formula.
Answer:
Some minimum wage workers will be better off since they will earn a higher salary, people are happy when they earn more money.
But other minimum wage workers may be worse off, since the quantity demanded for minimum workers will decrease, so it will be harder for them to find new jobs and some currently working might even get fired.
Basically all the fast food restaurant owners will be worse off, since they are forced to pay a higher than equilibrium price for labor, so their profit margins will be reduced.
Answer:
$ 21,000
Explanation:
To determine the answer we need to preoare a movemnet of the account for uncollectible account.
Opening balance - Allowance for uncollectible accounts $ 180,000
Add: Bad debt expense for the year <u>$ 21,000</u>
Available balance of Allowance for uncollectible accounts $ 201,000
Less: Closing balance - Allowance for uncollectible accounts <u>$ 190,000</u>
Actual bad debts written off $ 21,000
The bad debts expense for the year is credited to the Allowance for uncollectible accounts and any actual bad debts are debited to this account.
Answer:
All options apply
Explanation:
i) The government can establish antitrust laws to increase market competition.
ii) The government can set rules that regulate the behavior of monopolies, e.g. setting price ceilings
iii) Some natural private monopolies can be bought by the government (usually local or regional) and turned into public companies, e.g. utilities
iv) The government can simply do nothing at all and hope that the market will by itself correct this issue when new competitors enter the market, e.g. Microsoft
