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USPshnik [31]
4 years ago
8

According to the provisions in the Contract to Buy and Sell Real Estate, if a broker has an interest-bearing trust account, the:

__________.
Business
1 answer:
BaLLatris [955]4 years ago
4 0

According to the provisions in the Contract to Buy and Sell Real Estate, if a broker has an interest-bearing trust account, the: interest may accrue to a nonprofit affordable housing fund.

<u>Explanation:</u>

When funds are deposited to a interest bearing trust account then interest can be obtained for those deposited funds. The annual percentage yield will be very smaller amount for this type of account. The amount of money will be paid to the account holder in annual basis which is called APY.

The interest that is paid to the account beneficiary is called trust account. When a broker has this type of account, according to the Contract to Buy and Sell Real Estate provisions, the interest may accrue to nonprofit affordable housing fund.

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Agent Don plans to conduct a marketing/sales event at the local public library on October 28 at 2pm. He received permission to p
kvasek [131]

Answer:

5th Nov is the latest date don could submit a event request.

Explanation:

  • The marketing and sales event can both be organized at the health care. These events can be planned no less than 7 days of the colander before the day of the event. These event can e both formal and informal.
6 0
3 years ago
The U.S postal service is a monopoly. Why might it be a good thing for us as consumers that the USPS has a monopoly
yanalaym [24]

A monopoly is when one thing has control over the market they are in. It's a good thing for us as consumers of the U.S. postal service being a monopoly because we do not have to deal with price wars between competing companies. Due to the USPS being our best option for mailing various items in the United States and to other countries we don't have to constantly figure out which option of shipping is the best to ship and where they are in relation to where we live. The USPS is located all over the United States and deliver and pick up at almost every residence.

6 0
3 years ago
Managers use a predetermined overhead rate for which of the following reasons?
Rashid [163]

Answer:

Option A and B

Explanation:

The company desires to estimate the cost of the job so that it can minimize it by emphasizing control. This is one of the major reasons why the companies estimate cost of the job, product or service. So option A is correct.

Option B is also correct because the companies have to form contracts with its customers and for that reason predetermined overhead rates helps a lot estimating the price of the product which the company and customer can agree upon.

Option C is incorrect because predetermined costs are estimates and estimates are not always accurate.

Option D is false because daily recording of overheads requires predetermined overhead rates which is adjusted at the month end or quarter end or year end. So its not useless at all.

4 0
3 years ago
Suppose a bank does NOT hold any excess reserves (it loans all available reserves) and the reserve ratio is 20%. If Melanie depo
s2008m [1.1K]

Answer:

$200

Explanation:

Reserve ratio is the percentage of a deposit that a bank is supposed to withhold as reserves forming part of deposit that banks make into federal reserve.

It plays a major role in deciding the amount of money available to be lent and supply of money.

<u>Workings</u>

Reserve ratio - 20%

On a deposit of $1000, The reserve is 20% * 1000 =$200

Assuming no excess reserve , the limit on the deposit is $800

The reserve = $200

Therefore , if $600 is lent , the bank can further lend  ($800-$600)

$200

8 0
4 years ago
_________ is the process in which a large number of ideas are generated while evaluation of the ideas is suspended.
e-lub [12.9K]

The answer is e. brainstorming. Brainstorming is a group activity technique, wherein a large number of ideas are created, while the evaluation of these ideas are suspended and will be reviewed later on after making a group agreement or decision. Brainstorming can also be used in terms of solving a problem, by gathering ideas for a specific problem, through the help of the spontaneous ideas given by the group’s members.

7 0
3 years ago
Read 2 more answers
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