Answer:
A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local landmark.
Explanation:
there would be a conflict of interest between the organisation and the sales person when the interests of both parties do not align.
The goal of the sales person is to earn the highest possible commission. While, the goal of the firm would be to earn profit and a have a positive image.
If the agent makes the sale, he earns a high commission but this would cost the firm its positive image. thus, the interest of both parties are at odds. this would generate a conflict of interest
Answer:
c
Explanation:
sells stocks and bonds on behalf of small and less known firms who would otherwise have to pay high interest to obtain credit. d. is funds set aside by local governments
Answer:
A disadvantage of the corporate form of business entity is corporations are subject to more governmental regulations.
Answer:
a. <u>Total assets of the firm</u>:
Cash $8,000
Equipments $10,000
Accounts Receivable <u>$9,000</u>
Total Assets <u>$27,000</u>
b. <u>Net income of the firm</u>
Service Revenue $36,000
Less: Rent Expenses $11,000
Less: Utilities Expense $4,000
Less: Salaries and Wages Expense <u>$7,000</u>
Net Income <u>$14,000</u>