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2 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:

wel2 years ago

7 0

Answer:

B sends another licensee

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Waterway Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures wer

USPshnik [31]

Answer:

9.59%

Explanation:

The computation of the weighted-average interest rate used for interest capitalization purposes is shown below:

<u>Particulars Amount Interest </u>

9%, 5-year note payable $2,458,400 $221,256

10%, 4-year note payable $3,504,400 $350,440

Total $5,962,800 $571,696

So, Weighted-average interest rate is

= $571,696 ÷ $5,962,800

= 9.59%

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2 years ago

Which of the following is measured by utility? A. The satisfaction a person gets from consumption. B. The cost of adding a singl

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Answer:the satisfaction a person gets from consumption

Explanation:

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2 years ago

An investment of $1 each in two different securities led to a value of $11 (Security A) and $16 (Security B), respectively, afte

jonny [76]

Answer:

A

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value

P = Present value

R = interest rate

N = number of years

Security A : 11 = 1( 1 + r)^15

11^(1/15) = 1( 1 + r)

1.173 = 1 + r

r = 1.173 - 1

r = 17.33%

Security A : 16 = 1( 1 + r)^15

16^(1/15) = 1( 1 + r)

1.20 = 1 + r

r = 1.2 - 1

r = 0.2

r = 20%

Security B earned a higher average annual rate of return as 20% is greater than 17.33%

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3 years ago

At what stage of growth is a business profitable, with enough money to reinvest into the company? A. Successful B. Start-up C. M

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D. Stability, is right.

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2 years ago

Read 2 more answers

During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo

tino4ka555 [31]

Answer:

Option (c) is correct.

Explanation:

Given that,

Labor costs = $175,000

Production order = $150,000

General factory use = $25,000

Factory overhead applied to production = $23,000

Therefore, the journal entry is as follows:

Work in process A/c Dr. $23,000

To Factory overhead $23,000

(To record the factory overhead applied to production)

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3 years ago