All licensees should give earnest money checks to their sponsoring broker immediately who must deposit said earnest money by:_______a. the third day following the contract acceptance.
b. the next business day of contract acceptance.
c. within seventy four hours from the time the offer is delivered.
d. the third day following the final counteroffer.

Answers

Answer 1

Answer:

b)the next business day of contract acceptance.

Explanation:

A license which is reffered to as a permit to authority should make sure their sponsoring brokers were given earnest money checks after the contract has been accepted so that it can becomes a legal deal.

It should be noted that All licensees should give earnest money checks to their sponsoring broker immediately who must deposit said earnest money by the next business day of contract acceptance.

Related Questions

It is possible to use a decision making process for any decision.
Benet Division of United Refinery Company's operating results include: controllable margin, $200,000; sales $2,200,000; and operating assets, $800,000. The Benet Division's ROI is 25%. Management is considering a project with sales of $100,000, variable expenses of $60,000, fixed costs of $40,000; and an asset investment of $150,000. Should management accept this new project?
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Because of its highly efficient and low-cost distribution system, andro stores inc., a multinational retail corporation, has an edge over its rivals. andro's competitors will find it difficult to reproduce such a distribution system in the foreseeable future. it is clear, then, that andro has a(n) _____ over its competition.

Daniel Allen has been a patient at Greenway Hospital for the following ailments: January 8, 2012, inpatient for appendicitis; April 16, 2012, emergency department for an asthma attack; May 12, 2013, urgent care for a viral illness, May 13, 2013, inpatient for pneumonia, and once on June 4, 2013 in the emergency department for a sprained arm. How many times will Daniel Allen's name and demographic information be entered in the MPI of Greenway Hospital?

Answers

Daniel Allen's name and demographic information will be entered in the MPI (Master Patient Index) of the Greenway Hospital only once. The hospital does not need to record it a lot of times because the first time he was already admitted in the hospital would register a record of him in it.

Daniel Allen was a patient of Greenway Hospital a total of 5 times from 2012 until 2013. He was seen for various medical reasons. His name and demographic information would only be entered into the MPI of Greenway Hospital once. However, they will always check to make sure the address and other information has not changed. If anything had changed with his information, the hospital would enter it a second time.

Sue purchased a stock for $25 a share, held it for one year, received a $1.34 dividend, and sold the stock for $26.45. What nominal rate of return did she earn? 10.55% 14.23% 12.09% 11.16%

Answers

Answer:

11.16%

Explanation:

Given that

Purchase price of stock = $25

Sale price of stock = $26.45

Dividend = $1.34

So, The computation of the nominal rate of return is shown below:

Nominal rate of return = (Sale price of the stock - purchase price of the stock + Dividend) ÷ (Purchase price of the stock)

= ($26.45 - $25 + $1.34 ) ÷ ($25)

= 11.16%

LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45,731. The average book value of the manufacturing equipment that is used is $167,095. What is the accounting rate of return

Answers

Answer:

Accounting rate of return is = 27.37%

Explanation:

Accounting rate of return = (Average annual after-tax income ) / Average Book value of Equipment )

Accounting Rate of return = ($45731 / $167095) = 27.37%

Final answer:

The Accounting Rate of Return (ARR) of LaGrange Corp, calculated using the average after-tax income and the average book value of the manufacturing equipment, would be approximately 27.35%.

Explanation:

The Accounting Rate of Return (ARR) is a financial metric used mainly for decision-making purposes. It is calculated by dividing the average annual after-tax profit by the average investment in an asset, project, or business. In this case, the question requires us to find the ARR using an average after-tax income of $45,731 and an average book value for the manufacturing equipment of $167,095.

The formula for ARR is: ARR = (Average annual after-tax income / Average investment) x 100

Thus, for LaGrange Corp. the calculation would be:

ARR = ($45,731 / $167,095) x 100

Therefore, the Accounting Rate of Return for LaGrange Corp. based on the given information would be approximately 27.35%.

Learn more about Accounting Rate of Return here:

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Suppose the United States has two utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of sulfur dioxide pollution per year. However, the marginal cost of reducing a ton of pollution for Consolidated Electric is $275 per ton and the marginal cost of reducing a ton of pollution for Commonwealth Utilities is $375 per ton. The government's goal is to cut sulfur dioxide pollution in half (by 20 million tons per year). a. If the government issues 10 million tradable pollution permits to each utility, what will be the cost of eliminating half of the pollution to society?

b. Using a cap-and-tradeLOADING... system of tradable emission allowances will eliminate half of the sulfur dioxide pollution at a cost of $ nothing million per year.

c. If the permits are not tradable, what will be the cost of eliminating half of the pollution?

d. If permits cannot be traded, then the cost of the pollution reduction

Answers

Answer and Explanation:

The computation is shown below:

a. The cost of eliminating is shown below:

= $275 × 20

= $5,500

b. The cost would be $375 per ton

c. In the case when the permits are not tradable so in this the cost is $5,500

d. In the case when the permits cannot be traded so the cost of the pollution reduction is

= $375 × 10 + $275 × 10

= $3,750 + $2,750

= $6,500

The revenue recognition principle dictates that revenue should be recognized in the accounting records:a. when cash is received
b. in the period that income taxes are paid
c. when it is earned.
d. at the end of the month.

Answers

C. When it is earned. The revenue recognition principle is one of the basic concepts of accounting. It is the principle behind the accrual method of accounting and matching principle. Revenue recognition states that revenue is recorded when they are realized, realizable or earned. Normally, it is when the goods have already been delivered or when the service has already been rendered regardless of when the cash is received.

Quick Eats is a fast-food restaurant that has recently entered the hospitality industry. Since most of its competitors are pursuing a low-cost position and doing well, Quick Eats also wants to adopt the same strategy. Which of the following will be a likely implication of this decision?A. Quick Eats will face low profit potential.
B. Quick Eats will be able to create higher value for its customers.
C. Quick Eats will be better placed to gain a competitive advantage in the industry.
D. Quick Eats will not face any direct competition in the industry.

Answers

Answer:

Which of the following will be a likely implication of this decision?.

B. Quick Eats will be able to create higher value for its customers.

Explanation:

A competitive advantage is to create value for your customers that in many cases your competitors cannot. Among which we can highlight lower cost, faster service, better customer service, a more convenient location.

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