When a sales agent is sponsored by a licensed broker, the type of agency relationship created between the sales agent and the broker is generally a general agency.
An agency is a fiduciary relationship between two people where one person represents the other person in transactions with third parties. The individual who represents the principal in the transactions is known as an agent. The relationship between the two parties is one of trust and confidence.
The person who acts as an agent must represent the principal's best interests, have the authority to act, and follow the principal's instructions. The types of agency relationships are General Agency, Special Agency, and Universal Agency.
A general agency is one in which the agent is authorized to act on behalf of the principal in a specific trade or business. The authority to conduct business on behalf of the principal is delegated by the principal to the agent in a general agency. A salesperson who represents a broker is an example of a general agency. The salesperson has the authority to act on behalf of the broker in real estate transactions. The authority is limited to the trade or business conducted by the broker.
A special agency, on the other hand, is a type of agency in which the agent is authorized to act on behalf of the principal only for a specific purpose. The authority to conduct business is granted by the principal to the agent in a special agency. A real estate agent who represents a client in the sale or purchase of a home is an example of a special agency.
A universal agency, on the other hand, is a type of agency in which the agent is granted the authority to act on behalf of the principal in all matters. A power of attorney is an example of a universal agency. A power of attorney grants the agent the authority to act on behalf of the principal in all legal matters.
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What is inflation?
Movement, whether upward or downward, of economic activity
Monetary value of final goods and services produced within a country for a specific time period.
The rate at which the price level of goods and services rises.
A measurement used by economics to measures average prices of a market basket of consumer goods and services.
What Is a Good Contribution Margin?
A good Contribution Margin is the closer a contribution margin per cent, or ratio is to 100%, the better. The higher the proportion, the more cash is accessible to cover the business' above costs or fixed costs.
The contribution margin can be communicated on a gross or per-unit premise. It tends to the consistent money made for each thing/unit sold resulting in deducting the variable piece of the affiliation's costs.
The contribution margin is registered as the selling cost per unit, less the variable expense per unit. Otherwise called dollar commitment per unit, the action shows how a specific item adds to the general benefit of the organization.
It gives one method for showing the benefit capability of a specific item presented by an organization and shows the part of deals that assists with taking care of the organization's decent expenses. Any excess income left in the wake of taking care of fixed costs is the benefit produced.
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If you work for a company and have a 401(k) retirement account, the account contains money you contributed to your retirement and money contributed by your employer. When you retire, which of the following will these payments be?
A. Welfare payments
B. Pension
C. Transfer payments
D. None of the above
United Supply has a $20 million liability at December 31, 2021, of which $4 million is payable in each of the next five years. United Supply reports the liability in the balance sheet as a:
suppose that the expected inflation rate increases from 4 percent to 6 percent. what will happen to the short-run phillips curve?
The short-run trade-off between unemployment and inflation will get worse than before as the economy moves towards a higher short-run Phillips curve
What is the Phillips Curve?The Phillips curve is an economic theory that shows a stable inverse relationship between inflation and unemployment. Developed by William Phillips, this theory argues that inflation accompanies economic growth, resulting in more employment and less unemployment.
What are the characteristics of the Phillips curve?The Phillips curve shows that inflation and unemployment are inversely related. Higher inflation is associated with lower unemployment and vice versa.
What happens to the Phillips curve when inflation falls?The Phillips curve relates inflation and unemployment. The Phillips curve claims that unemployment and inflation are inversely related.When unemployment falls, inflation rises. However, the relationship is not linear.
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Huehn-Brown Products in St. Petersburg offers the following discount schedule for its 4-by-8-foot sheets of quality plywood.
Unit Cost Order 9 sheets or less $21.00 10 to 50 sheets $20.50 More than 50 sheets $20.25
Home Sweet Home Company orders plywood from Huehn-Brown. Home Sweet Home has an ordering cost of $55. Carrying cost is 21%, and annual demand is 105 sheets. What do you recommend? The best strategy is to order sheets, at a total cost of $ (round your responses to the nearest whole number).
The best strategy is to order 22 sheets, at a total cost of $476.
To determine the best ordering strategy for Home Sweet Home Company, we need to calculate the total cost for each discount level and choose the one with the lowest cost.
For orders of 9 sheets or less, the cost per sheet is $21.00, so the total cost would be:
$21.00 x 105 = $2,205
For orders of 10 to 50 sheets, the cost per sheet is $20.50, so the total cost would be:
$20.50 x 105 = $2,152.50
For orders of more than 50 sheets, the cost per sheet is $20.25, so the total cost would be:
$20.25 x 105 = $2,126.25
To determine the optimal order size, we need to calculate the economic order quantity (EOQ). The EOQ formula is:
EOQ = sqrt((2DS) / H)
Where D is the annual demand, S is the ordering cost, and H is the carrying cost as a percentage of the unit cost.
Plugging in the numbers, we get:
EOQ = sqrt((2 x 105 x $55) / 0.21 x $20.25) = 22.28
Since the EOQ is between 10 and 50 sheets, the optimal order size for Home Sweet Home Company is 22 sheets. The total cost for this order is:
$20.50 x 22 + $55 = $476
Therefore, the best strategy is to order 22 sheets, at a total cost of $476.
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For Tesla, the Model S represents a
(BCG) market growth/market share matrix.
on the Boston Consulting Group
The answer is "star" and its further explanation can be defined as follows:
The Tesla Model S is pleasant during the day, but fitness and finish are something to want. When heading for just a quick ring all-around city or heading off to the other side, Model S 2020 is full of space and luxury. It is a quality rating of 7 out of 10.The Tesla Model S is the top U.S. car with an overall score of 70 in the ultra-luxury car category. The top-range model S is 373 miles long and has one of today's largest ranges. For Tesla, Model S is a star in the growth/market share matrix of the Boston Consulting Group. The hunting for a high-quality premium car, Tesla Model S.Its overall design is maybe 10-years old, but the type S still sets a baseline for all EVs, and it has an unmatched driving range. The Model S is rather costly at $80,000 on the other hand.That's why the correct answer is "star".
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China has been successful in international business in the past. Yet, the country is ruled under a communist regime. Do you think that a country should have a democratic government to successfully manage a capitalist society? Why or why not? What are the risks of doing business with companies in China?
Answer:
Parallel to the incredible economic developments China has experienced over the past few decades have only been limited political reforms. In this article, Sir Vince Cable explores the question of whether China is a Capitalist or Communist country.
Deng was a committed Communist ever since he joined the party (in France) as a young man. Although he steered China to be a market economy he never ceased to uphold Communist party rule – and he is credited with having backed the Tiananmen Square ‘massacre’ to ensure that the party’s authority and monopoly of power. Indeed, he survived as one of Mao’s top generals and closest party associates by either participating in or turning a blind eye to Mao’s purges and mass killings.
Deng is a difficult figure for Westerners to evaluate. He has the remarkable legacy of having, through economic policy reform, lifted more human beings out of poverty than anyone in world history. But he had little interest in ‘human rights’ or Western-style democracy and, as a Communist, regarded these things as either irrelevant or a threat to party rule.
Explanation:
Storm windows company understated their ending inventory during their first year of operations by $2,000. What is the effect of this error at the end of the year? select all answers which apply.
The effect of this error at the end of the year is:Understatement of net income $2000 and Overstatement of costs of goods sold $2000.
Effect of this error at the end of the yearSince the company understated their ending inventory during their first year by the amount of $2,000. The effect of the ending inventory that was understated will be:
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Human resources is about trying to
find the best way to utilize which of
the following for the benefit of the
company overall?
A. loans
B. products
C. people
Answer:
I think b is that the answer
______________________ increased visibility of purchasing from the mid 70s to the mid 80s.
Scarcity/inflation increased the visibility of purchasing from the mid-70s to the mid-80s.
Visibility is a unit of measurement for the distance at which an object or light can be made out clearly. It remains constant regardless of ambient light level or time of day in meteorology since it is dependent on the transparency of the surrounding air. Depending on the nation, it is recorded within surface weather observations and METAR code in either meters or statute miles. All types of traffic, including air, sea, and land travel, are impacted by visibility. The mismatch between scarcity, finite resources and supposedly limitless wants is the most fundamental economic issue. Demand-induced, supply-induced, and structural factors are the main contributors to economic scarcity. Supply remaining constant as demand increases is referred to be demand-induced.
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what do you prefer local fundraising or global fundraising and why? (just one reason)
Answer:
Doing local fundraising for a large organization can sometimes seem complicated and unwieldy. Whether you are running a local affiliate of a large national organization, or are responsible for raising funds in a single neighborhood for a small, city-wide charitable group, raising local money for larger groups presents a unique challenge. I prefer local fundraising
global fundraising
Explanation:
because you can help people without water and electricy
Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.6 million are working part-time and 15.71 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 3.20 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 9.81 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force
Answer:
the size of the total labor force is 26.09 million
Explanation:
The computation of the size of the total labor force is shown below:
The Size of the Total labor force is
= Employed + unemployed
= 4.6 million + 15.71 million + 3.20 million + 1.72 million + 0.86 million
= 26.09 million
Hence, the size of the total labor force is 26.09 million
We simply added the employed and unemployed one
there is no right or wrong answer
Startup capital pays for which of the following?
A. Operating expenses for the first year of a new business
B. Expanding production and advertising budgets
C. Funding for research and development of a business idea
D. Competitive wages for high-tech workers
Answer:
A. Operating expenses for the first year of a new business
Explanation:
Start-up capital is money that an individual requires to start a new business. The money is used to pay for initial set-up costs such as office space, equipment, licenses, inventory, marketing, salaries, and other expenses associated with starting a business. A business owner sources for the start-up capital. It may be from savings or borrowed from various sources.
Start-up capital facilitates operations until the business can generate revenue to sustain itself. Usually, a business relies on the start-up capital in the first year of operation.
assuming you can earn percent annually on your investments, how much must you invest at the end of each of the next years to be able to buy your dream home when you retire? a. If the house you are looking at currently costs $160,000 and is expected to increase in value each year at a rate of 5 percent, what will the value of the house be when you retire in 6 years? (Round to the nearest cent.) b. Assuming you can earn 9 percent annually on your investments, how much must you invest at the end of each of the next 6 years to be able to buy your dream home when you retire? Round to the nearest cent.)
An investment plan for a dream home involves saving and investing a specific amount of money over a certain period of time to purchase a desired property.
a. To calculate the value of the house when you retire in 6 years, we need to use the formula for future value:
FV =\(PV x (1 + r)^n\)
Where FV is the future value, PV is the present value, r is the annual interest rate, and n is the number of years. Plugging in the values given, we get:
FV =\($160,000 x (1 + 0.05)^6 = $217,096.25\)
So the value of the house when you retire in 6 years will be $217,096.25.
b. To calculate the amount you need to invest each year to buy your dream home when you retire, we need to use the formula for present value of an annuity:
PV = \(PMT x [(1 - (1 + r)^-n) / r]\)
Where PV is the present value, PMT is the annual payment, r is the annual interest rate, and n is the number of years. Plugging in the values given, we get:
PV = $217,096.25
r = 0.09
n = 6
PMT =\(PV / [(1 - (1 + r)^-n) / r]\)
PMT = $\(217,096.25 / [(1 - (1 + 0.09)^-6) / 0.09]\)
PMT = $27,688.91
So you would need to invest $27,688.91 at the end of each of the next 6 years to be able to buy your dream home when you retire.
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What is reality???????????????????????????????
Answer:
Reality is a state of consciousness and awareness whereby one can feel and comprehend his himself and his mind and his soul to live in.WARNING: if this is your exam question, please you might not pass with this answer. lolHope this helps
Good luck ALWAYS ✅.
As long as you have great service, it doesn’t really matter what the exterior of the building looks like.
true or false
Answer:
false
Explanation:
The look of the exterior of a house does matter because it is what someone first sees when looking at the building so it does matter a lot actually.
Good day to you!
Chiko bought 75 shares of stock at $19.58 per share. She recelved total dividends of $73.42 during the year. At the end of the year, her stock was valued at $22.14 per share. What was her ROI? (Round percentages to one decimal place.)
Answer:
Return on investment = 18.07% (Approx.)
Explanation:
Given:
NUmber of share = 75 shares at $19.58 per share
Amount of dividend received = $73.42
Stock value at end = $22.14 per share
Find:
Return on investment
Computation:
Purchase price = 75 x 19.58
Purchase price = $1,468.5
Final value + Dividend = 75(22.14) + 73.42
Final value + Dividend = $1,733.92
Profit = $1,733.92 - $1,468.5
Profit = $265.42
Return on investment = [Profit / Initial value]100
Return on investment = [265.42 / 1,468.5]100
Return on investment = 18.07% (Approx.)
The CAPM model assumes that any investor can borrow an unlimited amount of money at the risk‐free rate. In practice, some investors cannot lever as much as they would like to, and this is one of the potential reasons why the CAPM model fails in practice.
A. TRUE
B. FALSE
A. TRUE, The CAPM (Capital Asset Pricing Model) indeed assumes that investors can borrow an unlimited amount of money at the risk-free rate.
However, in practice, this is not possible for all investors, leading to one of the potential reasons why the CAPM model fails in practice. The Capital Asset Pricing Model (CAPM) assumes that investors can borrow and lend at the risk-free rate, which is a simplifying assumption that may not hold in practice. In reality, investors may face borrowing constraints or may not be able to borrow at the risk-free rate, which can limit their ability to take on leverage and alter their investment decisions.
For example, some investors may face restrictions on borrowing due to regulatory constraints, limited access to credit, or personal financial constraints. In addition, the risk-free rate may not be constant or may be subject to fluctuations, which can affect borrowing costs and investment decisions.
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describe five main characteristics of hire purchase
The five main characteristics of hire-purchase are following-
Payment of the installments are to be done by the buyer such that the hirer to the seller over the specified period of time.Buyer gets the possession of the goods immediately.The ownership of goods is transferred to the buyer only upon the payment of last installment.The hire purchase installment amount includes the principal amount as well as the interest charged upon it.Interest is generally charged on the flat rate.In hire purchase agreement there are two parties where one is the seller of the asset and one is the person who wants to buy such asset.
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To what extent does the concept of opportunity cost apply to your own decisions about
post-16 and university education?
Opportunity cost refers to the cost of any decision or action in terms of the next best alternative foregone. This concept applies extensively to personal decisions about post-16 and university education because these decisions require significant investment in terms of time, effort, and money.
Opportunity cost applies to every decision we make regarding post-16 and university education. This is because we have limited resources, including time, money, and energy, which we need to allocate effectively.
Every choice we make has a cost, and we must be prepared to accept that cost, which might mean giving up something else.
Opportunity cost applies to the decision to go to university, for example, because it means investing a significant amount of time and money. University education is expensive, and most students will need to take out loans or find other forms of financial assistance to pay for it.
Additionally, students who go to university will be committing four or more years of their lives to their education, during which time they will be unable to work full-time or pursue other interests.
Opportunity cost also applies to decisions about which course to study and which university to attend. For example, choosing a course in a highly competitive field might increase the chances of getting a job, but it might also require more time and effort to complete.
Choosing a prestigious university might provide opportunities for networking and career advancement, but it might also be more expensive and time-consuming than attending a less well-known institution.
The concept of opportunity cost applies extensively to personal decisions about post-16 and university education. Every choice we make has a cost, and we must be prepared to accept that cost, which might mean giving up something else. Therefore, it is important to weigh the costs and benefits of every option carefully before making a decision.
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Thinking carefully about the information you gathered is part of what step in the decision-making process?
Choosing among alternatives
Identifying the decision
Reviewing your decision
Weighing the evidence
HELP ASAP PLEASE
The decision-making process step by step are-
Identify the decision.Gather relevant information.Identify the alternatives.Weighing the evidence.Choosing among alternatives.Take decision.Reviewing your decision.In the decision-making process, it is the process of making choices by identifying a decision, gathering information, and assessing alternative resolution. This process will help the raise company's profit and with decision-making process the company's will be abled to negotiation for company's profit.
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Which of the following is a performance obligation?
a.
A right of return
b.
A good that is not separately identifiable from other goods or services in the contract
c.
An option for a customer to purchase goods under terms that are more advantageous than those enjoyed by other customers
d.
Quality-assurance warranties on electronic products
e.
Free repair guarantees for the first one month after a house purchase
d. Quality-assurance warranties on electronic products.
The correct answer is d. Quality-assurance warranties on electronic products. A performance obligation refers to a promise in a contract to transfer a distinct good or service to a customer. Quality-assurance warranties on electronic products represent a promise to ensure that the products meet specified quality standards.
It is a separate obligation that provides assurance to the customer regarding the product's quality and functionality. The other options listed do not represent distinct promises to transfer goods or services but rather describe rights, options, or additional guarantees associated with the goods or services.
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Which statement best describes the lesson we can learn from Lupe's experience?
It’s too much work to open a checking account.
It’s only important to track large amounts in personal records.
It’s important to keep accurate records.
It’s best to use only one document to track spending.
Answer: it’s important to keep accurate records
Explanation:
Just did it
Considering the story of Lupe, the best statement that describes the lesson we can learn from Lupe's experience is "It’s important to keep accurate records."
The story of Lupe revealed that when people from authority tend to assess and crosscheck the accounting records when performing the auditing process.
This process is to check the actual proof of the transaction and look for any inaccuracies.
Any inaccuracies found could be used as a basis to indict people for financial fraud, regardless it is an honest mistake or not.
Hence, in this case, it is concluded that the correct answer is option C. "It’s important to keep accurate records.
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Explain how an investor makes money by investing in bonds
Answer:
Financial investors earn money through the purchase of bonds, be these public (of countries or states) or private (that is, of companies) through speculation regarding the rise or fall of their value with respect to the purchase value, as well as with the interest that these bonds accrue periodically.
Thus, if the bond rises in value due to a good economic performance by the issuer, investors can sell it and make a profit, or even buy bonds at times of low values, expecting increases.
Prompt
There are many different ways interviews can be conducted, including face-to-face, distance, group, and performance
Which style would you prefer the most? Why? Which style would you prefer the least? Why?
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Answer:
If your asking personally, I would say face to face because it provides an opportunity to closely examine the person your interviewing. You get to see their facial reactions, body language and tone of voice to see if they fit the criteria your looking for. I say the least favored would be distance because distance interviews can go wrong in so many ways. You have to set up times and those can be messed up. You can't tell if the person your are interviewing is putting up a front, their professional at first, but once you hire them that become a nightmare! This is all based off of personal choice though, I would say go for the easiest interview method for you.
Explanation
Hope this works!
Answer:
If your asking personally, I would say face to face because it provides an opportunity to closely examine the person your interviewing. You get to see their facial reactions, body language and tone of voice to see if they fit the criteria your looking for. I say the least favored would be distance because distance interviews can go wrong in so many ways. You have to set up times and those can be messed up. You can't tell if the person your are interviewing is putting up a front, their professional at first, but once you hire them that become a nightmare! This is all based off of personal choice though, I would say go for the easiest interview method for you.
Explanation:
here is 20 points cause you earned it king/queen
I want to know about the difference between manufacturing business and service providing businees?plz.
briefly
Manufacturing businesses sell a different product than service businesses do. A manufacturing business creates and sells a physical product where a service business sells a service. For instance, a soap company is a manufacturing business. In contrast, a service business could be an accounting or a legal firm. In both cases, an action is for hire. The accountant will do taxes or the lawyer will prepare a brief. There is no physical product to sell; instead, the customer requires the service provider's involvement.
Explanation:Businesses tend to take one of two forms – manufacturing or service-oriented. As the names suggest, manufacturing businesses manufacture something where service businesses offer a service. Certainly, there are some businesses that do a little of both, like selling a product but also providing repair and leasing services. However, there are important differences between these business types, differences that span from the product sold to the way the company keeps its books.
Which of the following statements about investing is FALSE?
Answer:
The answer is A
Explanation:
I did this question on an assignment a few days ago. But I don't know what way they are ordered, because there is no picture.