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lina2011 [118]
2 years ago
13

A builder only has a few properties available in a development. He feels that it is no longer necessary to have his onsite sales

agent market these properties and decides to list the properties with a local brokerage firm. He wants to reward a particular firm for their past sales of his homes but wants to allow all of the local firms to market these properties. The type of listing that will accomplish this is
Business
1 answer:
USPshnik [31]2 years ago
5 0

Answer:

An open listing

Explanation:

In real estate an open listing is one in which the owner of a property contracts more than one agent to sell the property. The agent with the winning bid will eventually sell the property.

The opposite of this is the exclusive listing where the property owner only engages one agent to sell the property.

In the given scenario the builder feels that it is no longer necessary to have his onsite sales agent market these properties and decides to list the properties with a local brokerage firm. Thereby allowing all of the local firms to market these properties.

This is an open listing

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On July 1, 2021, Apache Company, a real estate developer, sold a parcel of land to a construction company for $3,000,000. The bo
atroni [7]

Answer:

Revenue 2021 = $3,000,000

Revenue 2022 = $0

Explanation:

Given that,

Sold a parcel of land to a construction company = $3,000,000

book value of the land on Apache’s books = $1,200,000

In this case, revenue is identified at a point when the parcel of land is transferred to the construction company.

Therefore, full revenue from the sale of land should be recognized in the year 2021 because the transfer of land occured in 2021 and there will be no revenue reflected in the year 2022.

Revenue 2021 = $3,000,000

Revenue 2022 = $0

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3 years ago
What detail will a purchase specification for milk usually include?
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2 years ago
When job demands are so great that the worker feels an inability to cope, this is known as role
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When job demands are so great that the worker feels the inability to cope, this is known as Role Overload

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1 year ago
A. M&amp;R Company provided $2,000 in services to customers that are expected to pay the company sometime in January following t
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Answer and Explanation:

The Journal entries are shown below:-

a. Accounts receivable Dr, $2,000  

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(Being service revenue is recorded)

b. Wages expenses Dr, $1,000  

          To Wages payable $1,000

(Being wage expenses is recorded)

c. Interest expenses Dr, $400  

    To Interest payable $400

(Being interest expenses is recorded)

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    To Accounts payable $500

(Being lawn service expenses is recorded)

e. Interest receivable $200  

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(Being interest revenue is recorded)

f. Salaries expenses $900  

     Salaries payable $900

(Being salary expenses is recorded)

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3 years ago
Ryan is the manager of home repairs inc., a company that provides a wide range of repair and maintenance services. he claims tha
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This scenario describes the company's <u>"Core competencies".</u>


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