Joe is a new broker. He will be required to reconcile his escrow account monthly.
<h3>
Who is a broker?</h3>
- In order to earn a commission after the trade is completed, brokers organize transactions between buyers and sellers.
- Brokers that take on dual roles as buyers or sellers are considered primary parties to the transaction.
- Neither function should be mistaken with that of an agent, who represents the principal party in a transaction.
- An impartial party whose services are often used in several businesses is a broker.
- The main duty of a broker is to connect buyers and sellers; as a result, the broker acts as a neutral intermediary between a buyer and a seller.
- A real estate or stockbroker who helps in the sale of a property would be an example.
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To be effective, an employee involvement program must incorporate the unique demands of different cultures.
<h3>
What is an employee involvement program?</h3>
Employee involvement programs encourage employees to assume mental ownership of the organization, which increases employee loyalty.
These initiatives and programs can also help the:
- Company's performance,
- Provide a safe work environment, and
- Long-term viability.
To be effective, an employee involvement program must incorporate the unique demands of different cultures.
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Answer:
15%
Explanation:
This is a time value of money question which requires the calculation of the effective annual rate (EAR) on the loan.
First calculate the <em>interest rate</em> of the loan that is <em>compounded monthly</em> using the given parameters as follows :
Pv = $45,975.00
N = 9 × 12 = 108
Pmt = - $752.50
P/yr = 12
Fv = $ 0
i = ?
Interest Compounded Monthly = 14.0579 %
Effective = 15% (using a financial calculator)
<span>b. 3.00 is the answer, I believe!</span><span />
Answer:
$13,320
Explanation:
The computation of the warranty expenditure is shown below:
= Sales revenues × estimated warranty expenditure percentage
= $296,000 × 4.5%
= $13,320
By multiplying the sales revenues with the estimated warranty expenditure percentage we can get the warranty expense and the same is shown above
All other information which is given is not relevant. Hence, ignored it
