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3 years ago

Who is responsible for selecting the required yearly ce topics

1 answer:

3 0

Based on standard practice State Real Estate Commission is responsible for selecting the required yearly CE topics.

What is CE in Real Estate?

CE in Real Estate is a term that is used to describe the Continue Education that must be participated by the agents and brokers to retain and maintain real estate license.

To maintain the required yearly CE topics, the State Real Estate Commission set the standard, including the requirements, duration, and due dates.

Hence, in this case, it is concluded that the correct answer is "State Real Estate Commission."

Learn more about Real estate here: brainly.com/question/1534216

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Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021: Co

valentinak56 [21]

Answer:

Estimated ending inventory at retail $335,000

Estimated ending inventory at cost $251,250

Explanation:

Calculation to determine the December 31, 2021, inventory by applying the conventional retail method using the information provided

COST RETAIL

Merchandise inventory, January 1, 2021

$290,000 $ 290,000

Purchases $622,000 $920,000

Freight-in 18,000 $0

Net markups$0 30,000

Total $930,000 $1,240,000

Less Net markdowns $0 $5,000

Goods available for sale $930,000 $1,235,000

($930,000-$0=$930,000)

($1,240,000-$5,000=$1,235,000)

Cost-to-retail percentage 75%

($930,000/$1,235,000)

Less Net sales $0 $900,000

Estimated ending inventory at retail $335,000

($1,235,000-$900,000)

Estimated ending inventory at cost $251,250

($335,000 x 75%)

Therefore the December 31, 2021, inventory by applying the conventional retail method using the information provided will be:

Estimated ending inventory at retail $335,000

Estimated ending inventory at cost $251,250

3 0

3 years ago

An undergraduate business student has purchased a laptop computer for use during exams. This laptop is perfectly reliable except

g100num [7]

Answer:

probability of a reliable performance = 19/20

Explanation:

If a new battery has just been installed, then the chances of failure are only contributed by the faulty microchip, which has a failure rate of 1 in 20 hours.

Therefore in 1 hour, the probability that the laptop will perform reliably is calculated as follows:

Chances of failure = 1 in 20

20 hours = 1 chance of failure

∴ 1 hour = 1/20 chance of failure

1/20 = 0.05 chance of failure

Now, let us express 0.05 as fraction:

0.05 = 5/100

Therefore in 1 hour, there is a 5 in 100 chances of failure.

But we are asked to find the probability that the laptop will perform reliably. This is simply done by finding the difference between the total chances of occurrence (100) and the chances of failure (5)

∴ Probability of reliable performance in one hour = (100 - 5) / 100

= 95/100

95/100 = 19/20

8 0

3 years ago

The following information relates to next year's projected operating results of the Children's Division of Grunge Clothing Corpo

Fudgin [204]

Question:

The following information relates to next year's projected operating results of the Children's Division of Grunge Clothing Corporation:

Contribution margin.... 200,000

Fixed Expense.... 500,000

net operating loss..... (300,000)

If Children's Division is dropped, half of the fixed costs above can be eliminated. What will be the effect on Grunge's profit next year if Children's Division is dropped instead of being kept?

A) 50,000 increase

B) 250,000 increase

C)250,000 decrease

D) 550,000 increase

Answer:

Option A is correct

Increase in profit = $50,000

Explanation:

To determine whether or not it will be profitable to drop a loss making division, we compare the savings in fixed cost to the lost contribution from the division.

It is noteworthy that only the fixed cost attributed to division can only be saved should the division be shut down.

The analysis is done as follows:

Lost contribution (200,000 )

Savings in fixed cost (1/2× 500,000) 250,000

Net savings 50,000

Increase in profit = $50,000

3 0

3 years ago

Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su

Ksju [112]

Answer:

Candonia has a comparative advantage in the production of LEMONS, while Lamponia has a comparative advantage in the production of COFFEE. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of 36 million pounds of coffee and 36 million pounds of lemons.

Explanation:

Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.

For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).

For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).

8 0

3 years ago

The journal entry to record the purchase of equipment for a $140 cash down payment and a balance of $480 due in 30 days would in

Tju [1.3M]

Answer:

Option C. A debit to Equipment for $620, a credit to Cash for $140, and a credit to Accounts Payable for $480.

Explanation:

The reason is that the equipment has been acquired by the business which is worth $620 and this means that the equipment which is asset in nature must be increased by it fair value which is $620. The purchase of equipment requires the payment of $140 at the spot which means that the cash asset will be reduced by $140 and the remainder $480 will be paid in future which means that the current liabilities will be increased by $480.

Increase in Equipment (fixed asset) is debited by $620.

Decrease in Cash (asset) is credited with $140.

Increase in current liability is always credited and in this case must be credited with $480.

Journal entry in nutshell is as under:

Dr Equipment $620

Cr Cash Account $140

Cr Accounts Payables $480

7 0

3 years ago