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scZoUnD [109]
3 years ago
7

In most states, a licensee must provide a(n) _______ of any existing agency relationships to all parties _________ to whom they

provide real estate brokerage services.
Business
1 answer:
wariber [46]3 years ago
4 0

Answer:

The correct answer is letter "A": written disclosure, at first substantive contact.

Explanation:

In Real Estate, licensees must provide a written disclosure to potential buyers or sellers at first substantive contact, meaning for the very first time they get in touch with each other. This can happen also before entering into a listing agreement or showing up to the property. This rule applies in most states across the U.S.

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Baxter Company reported a net loss of $13,000 for the year ended December 31. During the year, accounts receivable decreased by
stepan [7]

Answer:

a. used net cash of $2,000

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net loss -$13,000

Adjustment made:

Add : Depreciation expense $4,000

Add: Decrease in accounts receivable $5,000

Less: Increase in inventory -$8,000

Add: Increase in accounts payable $10,000

Total of Adjustments $11,000

Net Cash flow from Operating activities                   -$2,000

6 0
3 years ago
Failure by a promissory notes maker to pay the amount due at maturity is known as_________.
Andreas93 [3]

Failure by a promissory notes maker to pay the amount due at maturity is known as Dishonoring a note.

A dishonored note is a that  promissory note which has not been paid by a debtor in a given  reasonable amount of time.  It causes the creditor to write off the recorded revenue as a  bad debt.

With the help of promissory note, a buyer  can make a short-term commitment to pay any supplier for merchandise within the stated time period and  also at a certain interest rate.

In order to properly record a dishonored note in the financial journal of the organization one must first decide whether he is  expecting to  collect payment eventually or not.

A bill is  always considered as dishonored either by non-acceptance or by non-payment of the bill.

To know more about dishonored note here:

brainly.com/question/9220878

#SPJ4

5 0
2 years ago
Wright Company's cash account shows a $29,300 debit balance and its bank statement shows $27,600 on deposit at the close of busi
IgorLugansk [536]

Answer:

Bank Reconciliation Statement:

Calculation of Adjusted cash Balance on 31 May:

Cash Balance:                              $ 29,300

less: Bank Charges                      $ (190)

less: NSF Check                          <u> $ (420)</u>

Adjusted cash Book Balance      $ 28,690

Add: Outstanding Checks           $ 6,500

Less: Uncleared Checks              <u>$ 7,100</u>

Revised Cash Book Balance (A) <u>$ 28,090</u>

Bank Statement Balance               $ 27,600

Add: Error by Bank                         <u>$   490    </u>

Adjusted Bank Balance (B)           <u>$ 28,090</u>

Explanation:

Bank reconciliation is a company document prepared in order to reconcile difference between balance as per cash book and balance as per bank statement.

The difference arise because of two reasons:

  • Timing differences (Outstanding checks and Uncleared checks
  • Error and Omissions. (Bank charges -NSF)
6 0
3 years ago
Solve for the missing amounts in the T-account given below. Assume that there is only one debit entry and one credit entry in th
serg [7]

Answer:

Payment to suppliers was $ 17,100

Credit sales was $37,200

Explanation:

Please refer to the attached for working.

8 0
3 years ago
If the price index has a value of 122 then the inflation rate during the past year was 22%. True or False
Lyrx [107]
If I am correct it is true
8 0
3 years ago
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