Answer:
The broker is responsible for bearing the cost.
Explanation:
The licensees are responsible for paying the costs of legal document preparation even if the documents were prepared by an agent. The broker may delegate the work but the responsibility cannot be delegated, and it is their responsibility to pay for these costs.
The only exception to this rule can happen when the legal documents are prepared by an attorney that represents the parties involved in the transaction.
The economic profit is $320,000-$250,000=$70,000.
Economic earnings or loss is the distinction between the sales received from the sale of an output and the costs of all inputs used, as well as any opportunity prices. In calculating financial income, opportunity charges and explicit costs are deducted from revenues earned.
Income is the financial metric that suggests an entity's economic advantage or sales from any enterprise or funding interest. monetary profit is cash earned after taking explicit and implicit costs into account.
Profit is the financial metric that shows an entity's financial advantage or sales from any commercial enterprise or investment pastime. economic earnings are cash earned after taking explicit and implicit prices into consideration.
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Answer:
Issued Bond was the liabilities for Transanomics Corp. It receives cash against the issuance of bonds.
Initial Journal Entry by Transanomics Corp.
Dr. Cr.
January 1, 2015
Cash $500,000
Note Payable $500,000
Answer:
The total opportunity cost of investing in the business is explained below:
Explanation:
Opportunity cost is also known as alternative cost, the cost incurred from giving up one benefit for an alternative. Kelly withdrew 1000$ from his account, which was giving him a 3% profit annually, and the total opportunity cost of withdrawing 1000$ is 30$ annually. Similarly, he withdrew another 2000$ at 7% interest rate that is 140$which he has to pay annually.
30$ + 140$ =170$
The total annual opportunity cost is 170$
The job of the Federal Reserve System is to control the supply of money in the United States. Although it might seem like the Federal Reserve System prints the money as well, but this is in fact not true. The U.S. Treasury prints paper and coin currency and the Federal Reserve System distributes the money globally.
