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3 years ago

12

If licensee A representing a party cannot attend a closing and the employing broker B sends another licensee C in his place, whi

ch party or parties is responsible for the accuracy of the closing statement?

1 answer:

wel3 years ago

7 0

Answer:

B sends another licensee

Hope this answer helps you :)

Have a great day

Mark brainliest

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The PRIMARY function of banks in the United States is to a) print money b) make banking laws c) build homes and businesses d) pr

Jobisdone [24]

Im pretty sure its D.

it sounds right
:)

5 0

3 years ago

Read 2 more answers

Determining Missing Items from Computations Data for the California, Midwest, Northwest, and Texas divisions of Firefly Industri

Ivanshal [37]

aAnswer:

Note: See the lower part of the attached excel for the table for the answer.

Explanation:

In the attached excel file, the following calculations are done:

(a) Operating income = Sales * Profit margin = $6,000,000 * 20% = $1,200,000

(b) Invested assets = Operating income / Return on investment = $1,200,000 / 16% = $7,500,000

(c) Investment turnover = Return on investment / Profit margin = 16% / 20% = 0.80 times

(d) Sales = Operating income / Profit margin = 1,512,000.00 / 12% = $12,600,000

(e) Investment assets = Sales / Investment turnover = $12,600,000 / 1.40 = $9,000,000.00

(f) Return on investment = Investment turnover * Profit margin = 1.40 * 12% = 16.80%

(g) Operating income = Invested assets * Return on investment = $11,000,000 / 17.50% = $1,925,000

(h) Profit margin = (Operating income / Sales) * 100 = ($1,925,000 / $13,750,000) * 100 = 14.0%

(i) Investment turnover = Return on investment / Profit margin = 17.50% / 14.0% = 1.25 times

(j) Return on investment = (Operating income / Invested assets) * 100 = ($840,000 / $3,500,000) * 100 = 24.0%

(k) Profit margin = (Operating income / Sales) * 100 = ($840,000 / $5,250,000) * 100 = 16.0%

(l) Investment turnover = Return on investment / Profit margin = 24.0% / 16.0% = 1.50

4 0

3 years ago

If a company adopts an accounts receivable factoring program, and accounts for the factoring as a sale of receivables, which of

horsena [70]

Answer:C. cash flow from operations may increase

Explanation:

A factoring system is one in which a firm sell his right to receive payments on it's receivable to a firm referred to as the factor as a discount in which the amount of discount represents the factor fees for taking up the risk.

The factor may be with or without recourse to the firm selling the receivable.

It's mostly entered into to reduce payment defaults and increase inflow of cash for operations.

The factor company does not need to be a consolidated company,it usually reduce the receivable and does not require a change in accounting principles.

4 0

3 years ago

Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for

Shtirlitz [24]

Answer:

a. $17,978

b. $300,000

Explanation:

Conditions

The cotton country of lancaster, california has owned his home for ten years
purchased it for $178,000, cotton bought a $160,000 homeowner's insurance policy

the replacement cost of the home is now $300,000

a. hence,

the proportion of the house insured = $\frac{InsuranceAmount}{PriceOfThe Home} \times 100$ %

$= \frac{160000}{178000}\times 100$

= 89.89%

Percentage amount covered by the policy

= proportion of the house insured = 89.89%

Amount covered by the policy in dollars

= $20,000 × 89.89%

= $17,978

b

Amount of insurance on the home that cotton should now carry to be fully reimbursed for a fire loss = current value of the home

= $ 300,000

5 0

3 years ago

n investor has $100,000 invested in an account that earns 5% annually. The investor wishes to withdraw $12,000 per year. If the

lawyer [7]

Answer:

11 years

Explanation:

For computing, the number of years or the account will be fully depleted we need to apply the NPER formula i.e to be shown in the attachment below:

Given that,

Present value = $100,000

Future value = $0

PMT = $12,000

Rate of interest = 5%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the number of years in which the account is depleted is 11 years

3 0

3 years ago