answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dezoksy [38]
2 years ago
5

Modesto broker Killian Johnson has just received a money deposit and the related instructions from the buyer, Luis Alverez. Whic

h of the following does NOT describe how Killian should handle this deposit?A. Give the money to the principal to the transaction.B. Deposit into Killian’s account, then figure out his commission, deduct that number to arrive at the final amount (due to the principal) and then write a check to the principal for the monies due to him, within 3 business days.C. Put it into a neutral escrow depository.D. Put it into the broker’s trust fund account at a bank or other financial institution.
Business
1 answer:
Angelina_Jolie [31]2 years ago
5 0

Answer:

B) Deposit into Killian’s account, then figure out his commission, deduct that number to arrive at the final amount (due to the principal) and then write a check to the principal for the monies due to him, within 3 business days.

Explanation:

Killian can deposit the money in the principal's account, in an escrow account or even deposit it in the broker's trust fund, whatever suits his mind or has been previously agreed with the seller, but he cannot keep the money for himself. Killian can only collect his commission once the sale has been completed.

There is no such thing as commissions in advance, since there is always the possibility that the deal is not completed, e.g. the house might burn down, the banking system may completely collapse, the buyer or seller might die, etc. Even though the possibility of extreme events occurring may be very low, it still exists.

You might be interested in
Genovese Contracting, Inc., agrees to build a warehouse for Hawthorne Wholesale Distributors. When Genovese runs into the types
Andrej [43]

Answer:

4: not enforce it.​

Explanation:

It may be stated that the court does not exercise this additional agreement in this particular case based on the information provided in the question. This is due to the fact that it is not directly clear for payment. Because they make extra payments for the Genovey contract, they try to overcome the odds, and if these limitations are beyond their control they cannot do so.

8 0
2 years ago
On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exercisable no sooner t
Lilit [14]

Answer:

The amount of Compensation expense to Year 1 is $153,333.

Explanation:

Stock options granted                                       92000

X Fair value on date of grant                          5

Total compensation expense                       460000

Years                                                                    3    

Compensation expense per year 1                       53333

Therefore, The amount of Compensation expense to Year 1 is $153,333.

3 0
2 years ago
Fran is the project manager in her organization. She reports to a PMO (project management office) that takes control of the proj
WINSTONCH [101]

Answer:

Directive PMO

Explanation:

A project management office(PMO) refers to creation of groups and departments within an organization so as to define standards and to ensure those standards are met.

In a directive form of project management office, it completely takes over projects and allots resources, and assigns project managers to projects.

In such a form of Project management office, the project managers are supposed to report to such directive offices.

In the given case, since Fran reports to such a PMO form which assumes control of the projects and manages the project, this is a directive form of project management.

8 0
2 years ago
n seeking a balance between the opportunity for profit and the potential for loss, a financial manager is dealing with the conce
shepuryov [24]

Answer:

The correct answer is risk-return.

Explanation:

The relationship between profitability and risk can be stated in other terms. When faced with a high level of uncertainty about the outcome of an investment, one might expect higher remuneration to outweigh the high risk.

For example, if you lend money to someone with a timely repayment history of your loans, you could accept a low interest rate in return. However, if you lend money to a manifestly unreliable person, you are likely to demand higher returns to compensate for the increased risk of default. This is often called the risk-benefit balance.

8 0
2 years ago
2) Green Frog is an environmentally friendly firm in the cosmetics industry. If during the strategic planning process Green Frog
oksano4ka [1.4K]

Answer:

Market research

Explanation:

Market research is the process of finding out about customer wants and needs as well as expanding the current business.

3 0
2 years ago
Other questions:
  • The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things
    6·1 answer
  • A nonconventional cash flow pattern associated with capital investment projects consists of an initial outflow followed by a ser
    9·1 answer
  • What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A.
    15·1 answer
  • Skysong, Inc. sells equipment on September 30, 2019, for $17,400 cash. The equipment originally cost $72,400 and as of January 1
    7·1 answer
  • A division has the following data: Sales $320,000, Variable costs $200,000, and Fixed costs $140,000. If the division were elimi
    14·1 answer
  • Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $4,375,000; Allowance for Do
    10·1 answer
  • "Access Apple’s 2017 10-K report, filed with the SEC on November 3, 2017, and find Note 10— Commitments and Contingencies. What
    8·1 answer
  • Select the type of business that is most likely to obtain large amounts of resources by issuing stock. a. government entity b. p
    10·1 answer
  • AP Macro Topic 1.3 Comparative Advantage and Trade Part 1 - Mastering Skills- Answer the following questions to verify that you
    13·1 answer
  • Berlin Ltd. uses a combined overhead rate of $2.90 per machine hour to apply overhead to products. The rate was developed at an
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!