Answer:A. Handling money in trust for clients.
Explanation: A broker is a third party who has been instructed by his or her principal to take certain actions or place certain roles on his or her behalf. Brokers are agents who maintain a fiduciary relationship with their clients.
The brokers are not expected to work outside of the terms of agreement between them and their principal or client,doing so will amount to certain penalties by the regulating bodies.
Answer:
Effect on income= $4,400 increase
Explanation:
Because it is a special order and there is unused capacity, we will not take into account the fixed costs.
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= number of units*unitary contribution margin
Effect on income= 4,400 (21 - 18 - 2)
Effect on income= $4,400 increase
Answer:
controlling
Explanation:
Controlling can be described as the manager's main functions. To work out expected outcomes from the coworkers a boss must exert administrative control over the subordinates ' actions.
In other terms, the purpose of the role controlling can be interpreted as maintaining that an institution's operations are carried out as per the schedules. Controlling often means that the tools of an entity are used efficiently and effectively to accomplish set objectives.
It is a component that draws the management swing back to the feature of planning. Thus, the controlling feature acts as a mechanism to help to find out how actual performance deviates from standards and also finds the cause of deviations and attempts needed to take corrective actions based on the same thing.
Answer: The correct answers are "Out-group", "Participating style" and "Delegating style".
Explanation:
<u>1. Out-group:</u> you are frustrated at work because you feel that your supervisor only assigns you the mundane tasks and that you receive less support from her than do your teammates.
<u>2. Participating style:</u> you feel that your staff members are interested in assuming more responsibility and are ready to handle it so you start letting them share in more team decisions.
<u>3. Delegating style</u>: because your staff has been working together in their jobs for a long time and have a high degree of motivation, experience, and skill, you let them work pretty independently and try to stay out of their way.
Answer:e. 17.34%
Explanation:
Profit margin shows how the activities of a firm or business activity are profitable by taking into accounts costs involved in producing and selling goods.
it can be calculate in three ways using the Gross profit margin formulae, Net Profit Margin formulae or the Operating margin formulae
Given
net sales = $773,000
net income = $134,000
Total assets of $7,714,260
We will use the Operating margin formulae which is the ratio of the Operating income to Revenue multiplied by 100
Profit margin =Operating income ( Net Income )/Revenue ( Net Sales) x 100
Profit margin = $134,000/$773,000 x 100
=0.173 x 100
=17.335 rounded to 1`7.34%