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3 years ago

14

After first obtaining a real estate sales license, said licensee must take how many DRE core three-hour approved continuing educ

ation courses in order to renew their license

1 answer:

Thepotemich [5.8K]3 years ago

8 0

Answer:

5

Explanation:

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Koffee, a brand of instant coffee, gives away a free coffee mug with its logo imprinted on it with every purchase of a 500g pack

galben [10]

Answer:

It is a sales promotion.

Explanation:

Sales promotion tool is used because of following factors:

a) It improve the sales for short term as it gives another reason to buy the product.

b) It is targeted toward brand switcher.

c) It encourage occasional buyer to make more purchases.

d) Increase new customer and brand loyalty.

e) Provide benefits to existing customer.

Koffee is also using sales promotion tool to get benefit in sales and Brand development.

5 0

3 years ago

(Related to Checkpoint 5.2) (Future value) (Simple and compound interest) If you deposit $1 comma 000 today into an accoun

Anna35 [415]

Part A

Answer and its explanation:

Interest earned in the third year can be found from following two steps

Step 1 Use compounding formula for first two years, which is as under:

Future value = Present Value * (1+r)^n

Here n is the number of years the amount would be deposited for, which is 2 years duration. And r is the rate of return which is 8% here. So the future value in the year 2 will be:

Future value = $1000 * (1 + 0.08)^2 = $1166.4

Now the interest earned in the third year is:

Interest earned in the third year = $1166.4 * 8% = $93.312

Part B

Answer and its explanation:

The simple interest is the interest arising from the principal investment made in the year zero to date and this can be calculated as under:

Simple interest = Principal investment * rate of interest * number of years

Simple Interest = $1000 * 8% * 3years = $240

And the interest arising from the compounding of interest can be found by the difference of the Future value of the investment for three years and simple interest.

So,

Interest arising through compounding of interest = FV of investment in three years time - (Simple Interest + Principal investment)

Interest arising through compounding of interest = $1000*(1+0.08)^3 -$1240

= $19.712

6 0

3 years ago

Joe is one of the lead accountants for his company. Last month he was pressured to prepare the financial reports more quickly th

Minchanka [31]

Answer:

Explained.

Explanation:

Joe being the lead accountant for his company so, he prepares the financial reports.

Joe made mistakes in financial report making his manager angry because the resources at the Joe's company are limited and financial report that are timely and reliable would have helped the company to attract some financial investment.

6 0

3 years ago

Consider a 30-year 8 percent bond, paying coupon semi-annually, and selling for $896.81 today (note that the yield is 9 percent)

Lemur [1.5K]

Answer: See explanation

Explanation:

Based on the information given, we should note that the bond will trade at par at $1000 after six month

The holding period return will be:

= [ P1 - P0] / P0

= [ 1000 - 896.81 ] / 896.81

= 103.19 / 896.81

= 0.1151

= 11.51%

Then, the Annualized rate will be:

= HPR at 6 Months / 6/12

= HPR × 12 / 6

= 11.51% × 12 / 6

= 11.51% × 2

= 23.01%

Annualized Rate = 23.01%

7 0

3 years ago

A company had revenues of $54,000 and expenses of $43,250 for the accounting period. The company paid $5,950 cash in dividends t

ratelena [41]

Answer:B. Debit Income Summary $54,000; credit Revenues $54,000.

Explanation:

The following entries can be a closing entry

a)To record closing entry of revenue account

Account Debit Credit

Revenues $54,000

Income summary $54,000

b)To record closing entry of expense account

Income summary $43,250

Expenses $43,250

c)To record closing entry of income summary account

Income summary ( $54,000- $43,250) $10,750

Retained earnings $10,750

d) to record the closing entry of dividends account

Retained Earnings $5,950

Dividend $5,950

The entry that could not be a closing entry is B. Debit Income Summary $54,000; credit Revenues $54,000 because income summary account should be credited with the revenue amount of $54,000 as Revenue increases the income of every business.

7 0

3 years ago