Answer: The sales associate must notify the DBPR in writing within 60 days regarding her change in residency
Explanation:
The options are:
a. The states associate broker is required to file the change of address on her behalf.
b. The sales associate broker is not required to notify DBPR because she did not change employers.
c. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency.
d. The sales associate must file an application for Georgia real estate license.
From the question, we are informed that a sales associate moves from Jacksonville, Florida, to Atlanta, Georgia. The associate continues to be employed by the same broker, who has an office in Atlanta.
Based on the scenario, the sales associate should let the DBPR be aware that he or she has moved from
Jacksonville, Florida, to Atlanta, Georgia by writing to them within 60 days regarding her change in residency.
Answer:
155,000
Explanation:
Anchor Co. owns 40% of Main Co.'s common stock outstanding and
75% of Main's noncumulative preferred stock outstanding.
Anchor exercises significant influence over Main's operations.
During the current period, Main declared dividends of
$200,000 on its common stock and
$100,000 on its noncumulative preferred stock.
The amount of dividend income that Anchor should report on its Income Statement for the period related to its investment in Main is:
Ordinary dividends 0.40 x 200,000 = 80,000
Preference dividends 0.75 x 100,000 = 75,000
Total dividends = 155,000
Cost of Making the product is as below, We shall exclude the amount of $3 per unit of fixed cost as it is not a relevant cost
Cost of Manufacturing Cost of Buying Difference
Direct Materials $5
Direct Labour $15
Variable Overheads $10
Fixed Overheads $2
Total Manufacturing Cost $32
Total Purchase Cost $37
Total Cost (12000 Units) 384000 444000 60000
Rent Income (40000) (40000)
Total Difference 20000
Thus as can be observed above the company incurs an extra cost of $20000 if it purchases the component from a third party. Thus its advisable if the company produces the component in its own premises.
Answer:
Company should focus on variances that total is $120,000 U
Explanation:
Given:
Variable-overhead spending variance = $50,000 U
Variable-overhead efficiency variance = $28,000 U
Fixed-overhead budget variance = $70,000 U
Fixed-overhead volume variance = $30,000 U
Computation:
The company should pay initial attention to its expenses whether it is a fixed or variable expense.
Company should focus on variances = Variable-overhead spending variance + Fixed-overhead budget variance
Company should focus on variances = $50,000 U + $70,000 U
Company should focus on variances = $120,000 U
Answer:
$2,400,000
Explanation:
Based on the information given, How much of the $3 million note that is classified as long-term in the December 31 financial statements will be $2,400,000 because we were told that
Parton owes the amount of $3 million which is due on February 28 while the company borrows the amount of $2,400,000 on February 25 (5-year note) which means that the amount that the company borrowed on February 25 on a 5 year note will be classified as long-term in the December 31 financial statements.
