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chubhunter [2.5K]

3 years ago

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1 answer:

Jobisdone [24]3 years ago

7 0

Answer:

Explanation:

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A listing given to any number of brokers without liability to compensate any broker, except the one who first secures a buyer re

german

Answer:OPEN LISTING

Explanation:

Open listing is a term used in the Marketing of securities like bonds,stocks and other marketable securities and real estates, in this type of listing it is made open to all the brokers available who are ready to help facilitate the sale.

Compensation can only be paid to the Broker who first brings the buyer of the listing. A broker is compensated based on the amount made buy the owner of the listing.

6 0

3 years ago

In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. T

Virty [35]

Answer: Option (B) is correct.

Explanation:

Capital contribution by David = $40,000

Interest of David in partnership = $\frac{1}{5}$

Total capital of the partnership after the admission of new partner:

= $\frac{40,000}{\frac{1}{5} }$

= $200,000

Total capital of partnership before decreasing of obsolete inventory:

= $140,000 + $40,000 + $40,000

= $220,000

Therefore, value of decrease in inventory:

= Total capital before decrease - Total capital after decrease

= $220,000 - $200,000

= $20,000

The reduction in value of inventory will be distributed in old partners in ratio of 3:1

Hence,

Capital balance of Allen after admission of David:

= $140,000 - 20,000\times\frac{3}{4}$

= $125,000

Capital balance of Daniel after admission of David:

= $40,000 - 20,000\times\frac{1}{4}$

= $35,000

5 0

3 years ago

Contribution Margin Concepts The following information is taken from the 2017 records of Hendrix's Guitar Center. Fixed Variable

makvit [3.9K]

Answer and Explanation:

a. The computation of the contribution margin ratio and annual break even dollar sales volume is shown below:

Total sales $2,250,000

Less: Variable cost:

Goods sold -$1,012,500

Labor -$180,000

Supplies -$15,000

Utilities -$39,000

Advertising -$73,500

Miscelloneous -$30,000

Total variable cost ($1,350,000)

So, Contribution margin ratio $900,000

Now

Contribution margin ratio is

= contribution margin ÷ sales

= $900,000 ÷ $2,250,000

= 40%

And,

Annual breakeven dollars in sales volume is

= Fixed cost ÷ contribution margin ratio

= $630,000 ÷ 40%

= $1,575,000

b. Now the margin of safety in dollars is

= Current sales level - Break even sales level

= $2,250,000 - $1,575,000

= $675,000

d. Now the annual break even in dollars is

= Total fixed cost ÷ contribution margin

= ($630,000 + $100,000) ÷ 40%

= $730,000 ÷ 40%

= $1,825,000

We simply applied the above formulas

7 0

4 years ago

Jenny's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost-allocation rate is $20.00

elena-s [515]

Answer:

The flexible-budget amount is $120,000

Explanation:

The flexible-budget amount is the same lump sum as the static budget.

Therefore, The flexible-budget amount is $120,000.

5 0

3 years ago

Which of the following describes accrued revenue? (Check all that apply) Multiple select question. The adjustment causes an incr

vaieri [72.5K]

Answer:

The adjustment causes an increase in an asset account and an increase in a revenue account.
Accounts receivable is usually increased when accruing revenues.
They refer to revenues that are earned in a period, but have not been received and are unrecorded.
They refer to earnings which have been earned but not yet billed.

Explanation:

Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.

When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.

6 0

3 years ago