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Black_prince [1.1K]
2 years ago
13

Mr. Brown has a real estate company and two branch offices. He goes to the main office on Mondays and Fridays, one branch office

on Tuesdays and Thursdays, and the other branch office on Wednesdays and Saturdays. He has no other managing brokers associated with him. Is this legal?
Business
1 answer:
Ymorist [56]2 years ago
7 0

Answer:

It is legal.

Explanation:

A broker is one who acts as an intermediary or agent of the principal and acts on his behalf. There is a tiny difference between real estate agent and a real estate broker even though both are agents. Real estate agents are licensed to seal

real estate transactions which they are paid

commissions(agent fees) for their sales and labour for

brokerages. Brokers are with more experience in the field and

qualified to work as independent agents or employ other agents who will work and be under their supervision. A person can work both as a principal and also as broker or agent depending on the individual's capability. Hence, the above description is legal.

You might be interested in
An aircraft company has an order to refurbish the interiors of 18 jet aircraft. The work has a learning curve percentage of 80.
gavmur [86]

Answer:

a. 125.43 hours

b. 767.92 hours

c. 2,129.04 hours

Explanation:

Using the mathematical approach, we have :

y = ax ^b

Where ,

y is the average time to manufacture x units

a is the time its takes to manufacture first plane

b is the log of 80% divided by log 2

Then,

Average time for 5 planes = 300 (5)^-0.322

                                            = 178.67 hours

Total time for 5 planes = 178.67 hours × 5

                                      = 893.35

Average time for 4 planes = 300 (4)^-0.322

                                            = 191.98 hours

Total time for 5 planes = 191.98 hours × 4

                                      = 767.92 hours

The fifth plane would take =  893.35 - 767.92

                                            =  125.43 hours

Average time for the 18 planes = 300(18)^-0.322

                                                    = 118,28 hours

Total time for 18 planes = 118,28 hours × 18

                                       = 2,129.04 hours

5 0
2 years ago
Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty days. Also on December 1, Cu
jek_recluse [69]

Answer: $0

Explanation:

Forward contracts get their value from the cost and on December 1, there was no cost to Curtis as he Curtis had just signed the contract.

This means that the amount that should be recorded for the Forward Contract should be $0. Even though the contract is valued at $0, it will still need to be credited against the amount to be received to at least recognize that a forward contract was entered into.

3 0
2 years ago
Tina and her best friend Aaliyah want to start a medical transcriptionist company together. They grew up together and know each
Ivahew [28]

Answer:

Limited liability partnership (LLP) or a limited liability company (LLC)

Explanation:

Both the LLP and LLC provide limited liability to the owners and they are both pass through tax entities. That means that they are not directly taxed, instead their owners are taxed.

Depending on where Tina and Aaliyah live, they might not be able to open a LLP, and instead they will need to start a LLC. Any of them will satisfy their needs, but starting a LLC is a little bit more complicated and can cost more money. An LLC is usually better if there are several partners, but in this case if they can avoid the cost of opening a LLC it would be better for them.

8 0
2 years ago
On October 1st, a company received $30,000 in cash and a building worth $200,000, and in return, issued common stock to an inves
Lilit [14]

Answer:

1. Journal:

October 1:

Debit Cash $30,000

Debit Building $200,000

Credit Common Stock $230,000

To record the receipt of cash and building for common stock.

2. T-accounts:

Cash Account

Date  Description            Debit       Credit        Balance

Oct. 1 Common Stock  $30,000                      $30,000

Building Account

Oct. 1 Common Stock  $200,000                  $200,000

Common Stock

Oct. 1 Cash                                    $30,000     $30,000

Oct. 1 Building                            $200,000   $200,000

Explanation:

Journal entries show the accounts to be debited and credited respectively.  They are the initial records of a business transaction.  They can be used to post any transaction, make adjustments to the accounts, and close the accounts at the end of the accounting period.

7 0
2 years ago
. You have room for up to two fruit-bearing trees in your garden. The fruit trees that can grow in your garden are either apple,
Alina [70]

Answer:

you should have 2 apple trees

Explanation:

<u>you can have</u>                           <u>savings</u>            <u>costs</u>            <u>net payoff</u>

no tree at all                                0                      0                     0

1 apple tree                               $130                $100                $30

1 orange tree                            $90                  $70                 $20

1 pear tree                                $145                 $120                $25

<u>2 apple trees                           $260               $200                $60</u>

2 orange trees                         $180                $140                 $40

2 pear trees                             $290               $240                $50

1 apple + 1 pear tree                $275               $220                $55

1 apple + 1 orange tree            $220               $170                 $50

1 orange + 1 pear tree              $235               $190                 $45

8 0
2 years ago
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