broker a secured a signed exclusive right to sell listing agreement with the seller. during the time broker a was acting as an agent for the seller, the seller revealed that he and his wife were getting a divorce and would like to set different times to sign all of the documents at the title company. a buyer purchased the property and successfully closed on the property six weeks later. which of the following fiduciary duties survive the closing?

Asset retirement obligation will be $41879 and journal entry will be following.

Plant Assets Dr.            2620000

         To Cash                                            2620000

Plant Assets Dr.            41879

          To Asset Retirement Obligation       41879

An asset retirement obligation (ARO) is a term used in accounting to refer to a legal responsibility a corporation has to remove equipment or clean up hazardous materials when a tangible, long-lived asset is retired.

AROs ought to be included in a company's financial statements to provide a more precise and comprehensive snapshot of the entire value of the business.

Companies that build physical infrastructure that must be taken down before a land lease expires, like underground fuel storage tanks at petrol stations, are sometimes subject to asset retirement obligation accounting.

To know more about asset retirement obligation:

https://brainly.com/question/29690685

#SPJ4

Both Statement I and Statement II are correct. IFRS permits hedging a forecasted business combination that is subject to foreign exchange risk, and IFRS permits hedging part of the life of a hedged item. U.S. GAAP does not permit hedging in either case.

IFRS is more commonly based on principles, whereas GAAP is more frequently based on regulations. Companies may be required to abide by industry-specific laws and regulations under GAAP, but IFRS contains principles that call for judgment and interpretation to determine how they should be implemented in a particular circumstance.

The main distinction between the two accounting systems is that GAAP is based on regulations, whereas IFRS is based on principles. This discrepancy shows itself in certain details and interpretations. In general, IFRS norms give substantially less information overall than GAAP.

Hence the correct option is C

To know more about IFRS here

https://brainly.com/question/16096971

#SPJ4

A monopolistic market has no rivalry, meaning the monopolist controls the cost and amount requested. The degree of result that expands an imposing business model's benefit. The monopoly firm tries to boost benefits charges a $29 per unit cost. The right reaction is choice (a).

Organizations go through the course of benefit boosts to guarantee that the best degrees of result and costs are acknowledged to augment their profits.

The expression "profit maximization" alludes to the ideal result at which your business is generally productive.

In the figure, the benefit boost is at the point where

MR=MC

MC should cut MR from beneath.

That is, as of now, The cost charged by the restraining infrastructure firm is $29 and sells an amount of 220 units.

Hence option (A) is correct.

Learn more about monopoly firm's:

https://brainly.com/question/29628743

#SPJ4

This question is not complete , here I am attaching the complete question: Below I am attaching the figure:

(figure 61-3: a profit-maximizing monopoly firm) this profit-maximizing monopoly firm's cost per unit at its profit-maximizing quantity is: : a. $29. b. $20. c. $26. d. $35.

An Excel financial function is the Cumprinic Function. The function aids in calculating the total principle paid on a loan or the total gain on an investment.

A fixed interest rate and payment schedule are presumptions made by the cumprinic function. cumprinic and Cumipnt are frequently used in tandem.

The part of repayment that lowers the total amount still owed on the loan is called the principle payment or principal paid. When a loan is due, it must be repaid using equivalent installments, which include two parts: an interest payment (which lowers the amount of interest charged on the loan), and a principle payment (directly reducing the loan amount due).

learn more about principal paid-https://brainly.com/question/14210452

#SPJ4

Cash Flow from Operating Activities (Direct Method)

Cash receipts from customers (Refer Note 1) $738

Cash payments to merchandise (Note 2) -$224

Cash payment for Salaries expense (refer note 4) -$117

Income Taxes paid (Refer note 6)-$116

Net Cash Flow from Operating Activities   =  $281

Note --- It is assumed that Interest Expense is a financing activity hence not taken in Operating Activity.

Note 1 -- Cash receipts from Customers

Beginning Accounts Receivable                 $250

Plus: Credit Sales made during the year     $720

Less: Ending Accounts Receivable              -$232

Cash Collected from Customers                   $738

Note 2 -- Cash payment for merchandise

Beginning Accounts Payable                                                 $158

Plus: Purchases made during the year (refer note 3)            $236

Less: Ending Accounts Payable                                              -$170

Cash Paid to Supplier during the year                                   $224

Note 3 -- Purchase made during the year

Cost of Goods Sold                                                                     $252

Plus: Ending Inventory                                                                $446

Less: Beginning Inventory                                                         -$462

Purchases made during the year                                              $236

Note 4 -- Cash paid for salaries expense

Salaries Expense incurred during the year                           $105

Add: Beginning Balance                                                           $98

Less: Ending balance                                                                -$86

Cash paid for salaries expense                                               $117

Note 5 -- Cash paid for Interest

Interest Expense incurred during the year                           $20

Add: Beginning Balance                                                         $32

Less: Ending balance                                                             -$43

Cash paid for interest                                                              $9

Note 6 -- Cash paid for Income Taxes

Income tax expense incurred during the year                $127

Add: Beginning Balance                                                      $22

Less: Ending balance                                                          -$33

Cash paid for Income Taxes                                                 $116

Learn more about financial statements to visit this link

https://brainly.com/question/14951563

#SPJ4

A statistically significant difference between two groups is tested using the T-test. When there is a "substantial difference," the results are most likely not the result of chance or sampling mistake.

To evaluate if there is a statistically significant difference between the means of two variables, a t-test is an inferential statistic that is utilized. A statistical test for assessing hypotheses is the t-test. The findings of two separate study design types are often analyzed using an independent-samples t-test: (a) determining if there is a mean difference between two independent groups; and (b) determining whether there is a mean difference between two interventions.The discrepancy between the observed and predicted frequencies of the results of a group of events or variables is measured by the chi-square (2) statistic.

To learn more about T-test click the link below:

brainly.com/question/15870238

#SPJ4

Correct response is C. Uncertainty regarding the issuer's capacity to make timely principle and interest payments.

The principal is the sum of money you initially promised to repay. The cost for borrowing the principal is interest. Any payment made on a car loan will typically be allocated first to almost any fees that are outstanding (for example, late fees).

In speaking, you want to limit your payments to those that go toward the principal. It has been recommended to avoid paying the interest as often as feasible within the parameters of your loan because doing so will cost you more money.

To know more about interest visit :

https://brainly.com/question/2284670

#SPJ4

Understanding how susceptible a business is to a recession is the first step in example developing a strategy for one.

Recessions can have a number of causes, but typically speaking, rising interest rates are the main offender. The conflict between Ukraine and Russia and how it has affected the price of goods and energy, which has led to higher inflation, are examples of non-standard events that the market is also concerned about.

During a recession, there is a decline in consumer spending, employment, and economic output. As the central bank lowers rates to stimulate the economy (like the U.S. Federal Reserve Bank), interest rates are expected to decrease.

To know more about recession visit:-

https://brainly.com/question/18075358

#SPJ4

The following statements are true:

The Weighted Average Cost of Capital (WACC) is one of the most important metrics used to evaluate the cost of capital for a company. WACC is calculated by taking into account the cost of equity, debt and any other sources of capital. The ideal way to calculate WACC is to use market values, as they are more reflective of the current market environment.

However, book values are often similar to market values for both equity and debt, making them a good substitute if market values are not available. Therefore, it is accurate to say that book values are often similar to market values for both equity and debt.

Learn more about Market Values: https://brainly.com/question/4804206

#SPJ4

False, A monopolist charge a price where marginal revenue is equal to marginal cost.

The monopolist produces the quantity of the commodity that corresponds to the point of equilibrium of marginal revenue and marginal cost. The marginal cost is the change in total cost of production caused by increasing production by one unit. The monopolist's price is determined by the market demand curve. A monopoly will never set a price at a point on the inelastic region of the demand curve because marginal revenue would be negative at that point, causing the marginal revenue curve to be lower than the marginal cost curve. Because of a downward-sloping demand curve, a monopolist is free to establish either prices or output volumes, but not both. He cannot charge a high price and produce a large amount.

To know more about monopolist visit:

brainly.com/question/29763908

#SPJ4

The company can install CCTV right away to identify those who enter or leave the secure area.

Standards for maintaining cameras. Coordinating the camera's time with outside systems If CCTV footage can be downloaded or accessed remotely, Cybersecurity risks arise. Issues relating to data security.

Persons must only have a reasonable expectation of privacy in order to be recorded. Places that are normally considered private, like bathrooms, locker rooms, dressing rooms, hotel rooms, and mattresses, are typically off-limits when there is a reasonable expectation of solitude.

It follows that the workplace cannot be considered a man's castle, home, or another place of seclusion that has to be shielded from exploitation and unwarranted interference. The Court concluded that workplace invasions of privacy are acceptable. Unavoidably, the private employee talks will be recorded on the audio-equipped CCTV.

Learn more about CCTV system: https://brainly.com/question/28786143

#SPJ4

The first phase of strategic planning is identifying strategic alternatives.

The process through which an organization determines its strategy or direction and decides how to allocate its resources to achieve its strategic goals is known as strategic planning. It could also include restrictions on how the approach is put into practise. In the 1960s, strategic planning rose to prominence in businesses, and it continues to be a crucial component of strategic management.

It is carried out by strategic planners or strategists who do extensive study of the company and how it interacts with its competitive environment. There are numerous definitions of strategy, but in general, it entails deciding on steps to attain the goals, creating a timeframe, and allocating resources to carry out the tasks.

To know more about Strategic planning here-

https://brainly.com/question/16699515

#SPJ4

If the neoclassical argument that the economy always moves back to potential gdp is accepted, then Encouraging long-term growth would be more inportant.

Neoclassical economics contend that a product's pricing is determined by the consumer's estimation of its worth. Economic surplus is the term used to describe the gap between actual production costs and selling price.

The effective allocation of finite productive resources is the main focus of neoclassical economics. Long-term resource expansion that will enable increased production of products and services is also taken into account.

Read more on Neoclassicals here:https://brainly.com/question/492409

#SPJ1

if the neoclassical argument that the economy always moves back to potential gdp is accepted, then which of the following will be more important?

fighting unemployment

Encouraging long-term growth

The correct answer is c. Formalization refers to rules, procedures, and written documentation, such as policy manuals and job descriptions, that prescribe the rights and duties of employees.

Organizational structure is the management of individual and group activities within an organisation. To achieve company goals and objectives, individual effort must be managed and coordinated. The organisation ultimately becomes too large and complex to operate under formal, rigid procedures, leading to a "red-tape crisis" and a schism between headquarters and field managers. According to Greiner, firms typically encounter a leadership crisis since there are now no clear standards or standard operating procedures in place to carry out the work. At this time, there are often no tried-and-true techniques for getting things done.

To learn more about Formalization click the link below:

brainly.com/question/11381578

#SPJ4

According to the theory of comparative advantage, international trade benefits not only accrue from pursuing comparative advantage and producing at a lower opportunity cost but also from the absolute advantage of lower costs.

An economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners is called comparative advantage. When choosing between various production options, the theory of comparative advantage introduces opportunity cost as a consideration for analysis.

The ability to produce a good or service at a lower opportunity cost is a benefit of comparative advantage. Companies with a comparative advantage are able to sell goods and services at lower prices than their rivals, thereby increasing profitability and sales margins.

To learn more about opportunity cost here

https://brainly.com/question/13036997

#SPJ1

The materials price variances for August is $ 13000.

What is variances?

Variance is the anticipated squared variation of a random variable from its population mean or sample mean in probability theory and statistics. Variance is a measure of dispersion, or how far apart from the mean a group of data are from one another.

Direct materials value the price of direct materials which might be simply known with the unit of production. as an example, {the value|the value|the price} of glass could be a direct materials cost in lightweight bulb producing. The manufacture of product or merchandise needed material because the prime component.

Direct labor value is a a part of wage-bill or payroll which will be specifically and systematically assigned to or related to the manufacture of a product, a selected work order, or provision of a service. Direct labor refers to any worker that's directly concerned within the producing of a product. If your business manufactures bicycles, the workers manufacturing the bicycles ar thought of direct labor.

The question is incomplete find the complete question here

total per set of covers direct materials $ 31,878 $ 15.40 direct labor $ 6,210 3.00 variable manufacturing overhead (based on direct labor-hours) $ 4,347 2.10 $ 20.50 during august, the factory worked only 500 direct labor-hours and produced 1,700 sets of covers. the following actual costs were recorded during the month: total per set of covers direct materials (5,000 yards) $ 25,500 $ 15.00 direct labor $ 5,440 3.20 variable manufacturing overhead $ 4,080 2.40 $ 20.60. At standard, each set of covers should require 2.00 yards of material. All of the materials purchased during the month were used in production. Required: 1. Compute the materials price  variances for August.

To learn more about direct labor here

brainly.com/question/23274188

#SPJ4

Short-term interest rates and long-term interest rates usually move together; this is the major deficiency of the segmented markets theory.

Positive correlation exists between short- and long-term interest rates. More changes occur in short-term interest rates than in long-term interest rates. Bonds with longer maturities have more market volatility than those with shorter maturities. The price variation is calculated by multiplying the duration by the yield-to-maturity variation.

Short-term debt instruments have a lower yield than long-term debt instruments of the same credit grade under the typical yield curve. A yield curve that slopes higher denotes a potential rise in interest rates. A yield curve that slopes downward portends a decline in interest rates in the future.

To Know more about  shorter maturities.

https://brainly.com/question/14631363

#SPJ4

The net income or loss of Sandra's from the rental of her vacation home is $18,000 net income.

The revenue from the property must be declared by the taxpayer on Schedule E. They must also claim any and all payments relating to the property that are made for either business or personal usage in addition to the rent due. The security deposit, however, does not count as income if it is returned to the tenant. $18,000 in rental revenue; 2,500 in property taxes; 3,500 in mortgage interest; 1,100 in utilities; and 1,000 in repairs and upkeep.

You may deduct certain costs if you rent out a home or apartment and obtain rental money for doing so.

There can be restrictions on the rental expenses you can write off if you rent out a home that you also live in. If you occupy a dwelling for more days than the greater of the following throughout the tax year for personal purposes, you are deemed to utilize the dwelling as your primary place of abode.

14 days, or 10% of the total number of days, that you charge others a reasonable rental fee.

Know more about rental here:

https://brainly.com/question/14801076

#SPJ4

Deborah ultimately decides to stay with her current provider because of the cost of switching providers.

Switching costs are the costs a customer pays as a result of changing brands or products. Switching costs may be monetary, psychological, effort-based, or time-based. There are two distinct types of switching expenses: high switching costs and low switching costs.

The expenditures associated with switching providers are known as switching costs. The more switching expenses there are, the harder it will be to persuade clients to make the transition. As the threshold for consumers to switch is raised, businesses with high switching costs are more likely to experience strong customer retention, i.e., declining churn rates over time.

To learn more about Switching costs visit:  https://brainly.com/question/29608645

#SPJ4

Administrator to give Jasper appropriate access must create an account for Jasper and add the account to the Accounting group.

The first and foremost step that the  Retirement Castle should take to give access to Jasper to create an account as  everyone has their own account is better for security. For example, no one can access another account without their password. But it is also good for the personal organization of everyone's information. This means that your information will not be mixed with everyone else's information. All modern operating systems with the exception of some mobile operating systems, allow you to create an account for each user of the computer.

It is important to prevent access to your account because if a hacker steals your passwords, they can access your social media accounts, bank accounts, emails and other sensitive accounts that hold your personal information. If someone gets hold of this information, you can become a victim of identity theft.

As Jasper is appointed as an accountant and in order to get  access to all the files and folders used by the Accounting department it is important to create an account and add the account to the Accounting group.

For more such questions on Account:

https://brainly.com/question/17132261

#SPJ4

Answer - Leadership. it is the capacity of one person to elicit reactions from another, that go above and beyond necessary or mechanical conformity.

Leadership is the ability to influence others' actions.

It can also refer to having the ability to influence a group of people in order to accomplish a specific goal.

Future visions must be developed, and leaders must inspire their followers to work toward the organization's goals.

Leadership is the ability to motivate a group of people to take action in pursuit of a common goal. In a work environment, this can mean organizing colleagues and staff around a strategy to meet organizational needs.

Even while some people seem to be more naturally gifted with leadership traits than others, anyone may develop certain skills to become a leader.

To learn more about Leadership, click here:

https://brainly.com/question/28487636

#SPJ4

The correct answer to the question about hedging is option C) permits a hedging trader to profit from the possible gains on his spot position. , is free (i.e., creating the hedge is costless)

A method known as a "hedge" aims to reduce the risk exposures of financial assets.

Taking stakes in derivatives that offset an existing position is a common hedging strategy.

Diversification is one strategy for building different types of hedges. The purchase of cyclical and countercyclical equities is one illustration.

Hedging is thought to improve the market's efficiency in addition to shielding an investment from different kinds of risk. A risk-reduction strategy has drawbacks of its own, so it's vital to keep that in mind. First of all, as was already mentioned, hedging is not flawless and does not ensure future success or the attenuation of losses.

Question

Unlike hedging with futures, hedging with options group of answer choices:

To learn more about hedging click here

brainly.com/question/28179451

#SPJ4

The correct Journal entry to record the payment on July 12 is: Debit Accounts Payable $2,300; credit Merchandise Inventory $46; credit Cash $2.254.

account and explanation         Debit Credit

Account payable (3200-900) 2300

Cash (2300*98%)                            2254

Merchandise inventory                            46

Every magazine access includes the records extensive to a unmarried business transaction, such as the date, the quantity to be credited and debited, a brief description of the transaction and the bills affected.

Transactions are broadly described as any financial interest that influences the commercial enterprise. they're not restrained to the buying and selling of products and offerings, but encompass any trade of economic price, which includes interest payments, depreciation, charges, or payroll.

Learn more about Journal entry here:https://brainly.com/question/14279491
#SPJ4

If the auditor lacks independence in fact, but not necessarily in appearance then Disclaimer audit report is most appropriate. If there is a scope limitation and it is material but the overall financial statements are still presented fairly then Qualified audit report is most appropriate.

If the uncorrected misstatements are immaterial then Unqualified/Unmodified  audit report is most appropriate. If the uncorrected misstatements are immaterial then Adverse  audit report is most appropriate.

An auditor's qualified report states that, with an exception of some particular areas, the financials are fairly reported. A qualified audit report is  still acceptable to lenders, creditors, and investors, unlike an unfavourable or disclaimer audit report.

To know more about Qualified audit report:

https://brainly.com/question/29996706

#SPJ4

Note: Your question is incomplete. What impact does crowding out have on the efficiency of fiscal policy?

An increase in public borrowing and spending that results in a decrease in private spending is known as the economic crowding-out effect. Businesses and individuals reduce their borrowing and spending because government borrowing raises the cost of private loans and consumes capital that could be used elsewhere.

Hence, critics contend that the crowding-out theory is false and that, in some circumstances, the opposite happens — increased public spending encourages increased private spending, which boosts the economy.

Learn more about crowding out theory here: https://brainly.com/question/25589179

#SPJ4

The amount that the stock should be selling for equals to $10.50.

A stock price, also known as share price, is the price of single share of a number of saleable equity shares of a company. A stock price is also seen as highest amount someone is willing to pay for the stock or the lowest amount that it can be bought for.

The formula for determing current stock price P0 = D0(1+g) / (R - g) = D1/(R - g).

= 0.50*(1 + 0.05) / (0.10 - 0.05)

= 0.50*(1.05) / 0.05

= 0.525 / 0.05

= $10.50.

Read more about stock price

brainly.com/question/28143339

#SPJ1

Due to the likelihood that fluctuations in exchange rates under conditions of disequilibrium will make a company less competitive in some markets while making it more competitive in others. Hence, the given statement is true.

A firm's operating cash flows are likely to be less variable when its production, sourcing, and sales are more globally diversified. A sense of disequilibrium is the need for assistance from others in order to move properly or the perception of an impending fall.

The sensation is occasionally characterised as floating or as a sense that the floor is tilted improperly. The inner ear, other motion sensors, or the central nervous system may be the source of this sensation.

The cerebellum, a region of the brain in charge of balance and coordination, can be affected by a variety of disorders, which can lead to disequilibrium.

Therefore, the given statement is true.

Learn more about disequilibrium from here:

https://brainly.com/question/657854

#SPJ4

Answer: d

Explanation: experts and volunteers

Sharing point of sales (pos) data across the supply chain can help reduce the bullwhip effect because it allows each stage of the supply chain to use orders from the previous stage to forecast future demand.

Theoretical research has demonstrated that when providers are unaware of the demand distribution beforehand, exposure to POS data can result in a reduction in the bullwhip effect. In stable industries where the demand distribution is well-known, the advantage of sharing POS data is less obvious.

The Bullwhip effect is a distribution channel trend where estimates are the result of supply chain inefficiencies. As the supply chain expands, inventory swings are increasing as a result of changes in market demand.

By allowing each level of the supply chain to use orders from the previous stage to predict future demand, sharing POS data reduces the bullwhip effect.

Learn more about Bullwhip effect at https://brainly.com/question/14521829

#SPJ4

Outside order takers is the best way to describe the Frito-Lay salesmen that call on supermarkets and convenience stores to make sure the company's snack goods are in sufficient quantity.

An order taker is a specific category of salesperson who takes orders for goods and commodities but who makes no efforts to boost current sales, raise the frequency of orders, or acquire new clients.

Outside order takers are often responsible for responding to consumer inquiries rather than persuading them to make further purchases and boost sales. These days, businesses are replacing them with telemarketing teams that just make orders-taking calls to customers. The difference between an order getter and an order taker is that an order getter seeks to enhance the company's revenue by encouraging current customers to make larger purchases as well as by acquiring orders from new clients.

To learn more about order taker refer here:

https://brainly.com/question/20534024

#SPJ4