The impact of the vendor with the zero opening balance is to show that the account has been correctly set up.
What is the vendor opening balance?This is the term that is used to refer to the amount of money that is in an account at the particular time that the account is newly opened.
The way that the vendor balance can be gotten is when the opening balances that are in a new year are carried forwards and the customers are done. In order to track this, the code that is to be used is F. 07.
The opening balance is what would have to be brought forward at the end of an accounting period and it is usually what the vendor would have to use as they try to keep a track of the cash flow that is in their account.
Hence we would say that the impact of the new vendor with this balance that is 0 is to help to determine how correct the set up of the account has been done.
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Read the article by clicking on the link here and answer the following questions below: https://www.cnbc.com/2022/02/01/after-a-huge-year-for-growth-the-us-economy-is-about-to-slam-into-a-wall.html
1. What is your initial reaction to this article?
2. Why does Jeff Fox think the US economy is “about slamming into a wall”?
3. How would your investment strategy change if the US economy did slam into this “wall”?
4. What is your prediction about the direction the economy will go in during the next few years? Why would you predict that?
The initial reaction to the article about the slowdown in the US economy may be one of reflection and pessimism, given the economic projections.
Why does the author claim that the US economy is "about slamming into a wall"?According to the author of the article, Jeff Cox, the US economy is in a slowdown when compared to the previous year, whose growth was the highest since 1984, with a 5.7% increase in GDP.
The author explains the effects of the spread of the omicron variant of the coronavirus, favors for fiscal stimulus and the expectations of global markets on economists' projections.
A personal investment strategy could change if the US economy hit this wall by investing in government bonds, which could benefit from interest rates arising from rising inflation rates.
Therefore, ome predictions about the direction of the American economy in the coming years is to try to control inflation, increasing the balance of fiscal policy to increase investment in the country.
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The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,343 $ 10,434 Net income $ 230 $ 748 Stockholders' equity $ 1,760 $ 2,240 Average Shares outstanding (in millions) 640 - Dividends per share $ 0.33 - Stock price $ 8.10 - Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Explanation:
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data)
2021
Sales $ 9,343
Net income $ 230
Stockholders' equity $ 1,760
2020
Sales $ 10,434
Net income $ 748
Stockholders' equity $ 2,240
both:
Average Shares outstanding (in millions) 640
Dividends per share $ 0.33
Stock price $ 8.10
Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Dividend yield for 2021:
= Dividends per share / share price
= 0.33 / 8.10
= 2.72%
P/E ratio for 2021:
= share price / EPS
= 8.10 / (230/640)
= 22.54 mill
Materials used by the Instrument Division of XPort Industries are currently purchased from outside suppliers at a cost of $351 per unit. However, the same materials are available from the Components Division. The Components Division has unused capacity and can produce the materials needed by the Instrument Division at a variable cost of $291 per unit.
a. If a transfer price of $319 per unit is established and 25,600 units of materials are transferred, with no reduction in the Components Division's current sales, how much would XPort Industries’ total income from operations increase?
$fill in the blank 1
b. How much would the Instrument Division’s income from operations increase?
$fill in the blank 2
c. How much would the Components Division's income from operations increase?
$fill in the blank 3
Based on the transfer price, the number of units transferred and the variable cost, the increase to the total income from operations is $1,536,000
The increase to the total Instrument Division income from operations will be $819,200
The increase to the Components Division's income would be $716,800
How to find the increase in income?The increase in the total income from operations to XPort Industries can be found by the formula:
= (Price from outside supplier - Price in division) x Number of units of materials that are transferred
= (351 - 291) x 25,600 units
= 60 x 25,600 units
= $1,536,000
The increase to Instrument Division income from operations is:
= (Price from outside supplier - Transfer price) x Number of units of materials that are transferred
= (351 - 319) x 25,600 units
= $819,200
And the increase to Components Division's income is:
= (Transfer cost - Variable cost) x Number of units of materials that are transferred
= (319 - 291) x 25,600 units
= $716,800
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Describe the steps that you can take in the next 6 years to prepare for retirement. Please include how this investment will be nice
when you retire.
Answer: Planning for a happy retirement involves planning, the sooner the better.
Explanation: Planning for retirement is one of the important aspects of a working professional. People can have numerous reasons to plan for retirement, hence retirement needs may vary. Before planning for retirement it is important to have an idea of how much money needs to be saved at the time of retirement.
One can start planning for retirement by reducing dependencies, and cutting down unnecessary spending. A few of the important points which must be contemplated are;
1. Medical Needs.
2. Lifestyle goals post-retirement.
3. Changing Market returns.
Planning for investment also helps build a better investment discipline.
Problem 5-2A Record transactions related to credit sales and contra revenues (LO5-1, 5-2)
Credit sales allow the customer to pay the seller at a later date. Whereas, contra revenue is known to be a deduction from the gross revenue reported by a business.
Credit sales are also known as sales made on the account. Credit sales are sales where the payout is done after delivery of goods with period of time which is thus agreed upon by both parties.
There are the contra revenue accounts which tend to appear near the top of the income statement, it appears as a deduction from gross revenue. A contra revenue tends to carry a debit balance, rather than the credit balance.
Hence, credit sales are purchases which are made by customers for which the payment is delayed.
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Jane is a customer service manager. She has been collecting information about customers and their experiences at her place of work for the past six months. She has noticed that consumers are interested in more online options so she hired a web developer to expand the company Web site. What has Jane used to improve customer experiences? Performance Based Evaluation (PBE) Performance Based Evaluation (PBE) Customer Satisfaction Analysis (CSA) Customer Satisfaction Analysis (CSA) Customer Relationship Management (CRM) Customer Relationship Management (CRM) Key Performance Indicators (KPIs)
The tool that allowed Jane to notice that consumers are interested in more online options and made her to hired a web developer to expand the company Web site is known as Customer Satisfaction Analysis; this analysis thus, helped her to improve customer experiences.
What is a Customer Satisfaction Analysis?Basically, the Customer Satisfaction Analysis stemmed from the measurement of Customer satisfaction which helps to determines how happy customers are with a company's products, services, capabilities etc.
The analysis often uses a data collected through a survey or questionnaire to identify behaviors that lead to happy or unhappy customers. Through these analysis, firms may spot trends causing dissatisfaction and implement changes to retain current customers.
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When the nervousness about a situation outweighs the gain from the information, you're suffering:
An individual whose anxiousness about a circumstance outweighs the gain from the information is suffering from anxiety disorder.
Understanding anxiety disorders?When someone is affected socially, mentally or psychologically as a result of unexpected life situations, we say that they are affected by condition we refered to as anxiety disorders.
However, from the task content above, we have seen understood that this man was so much in a great shock when the information was brought to him which renders his mental health in difficulty.
So therefore, when a man, woman, young or even the old one suffers from anxiety disorder, they have been faced by shocking information will makes them suffers from anxiety disorder.
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why do some patient safety leaders believe the definition of harm should be broader than the definition in the ihi global trigger tool?
Because additional sorts of injury should be prevented than those covered by the current definition by health care systems.
The required details for health in given paragraph
Being in good health is defined as having complete bodily and mental wellbeing. People can access healthcare to help them keep their health at the optimal level. The US healthcare system cost an estimated $3.5 trillion in 2017, according to the Centers for Disease Control and Prevention (CDC). However, Americans have shorter lifespans than people in other industrialized countries, despite all of the money spent on healthcare. Access to healthcare and dietary preferences are just two of the factors contributing to this.
Being healthy is essential for living a longer, more active life and for controlling stress.
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examples of report on how the agency regulates and enforces the protection of the financial markets.
on how the agency regulates and enforces the protection of the financial markets.
examples of reports on how the agency regulates and enforces the protection of the financial markets
The agency controls and enforces the financial markets' protection through the federal and state governments to control and monitor financial markets and corporations.
The agency controls and enforces the financial markets' protection These organizations each have a distinct set of responsibilities and duties that allow them to operate independently of one another while pursuing related goals. Although there are differing views on the effectiveness, efficiency, and even necessity of some of these agencies, each was created with a specific purpose in mind and is likely to remain in existence for a while. In light of this, that follows provides an overview of many of the regulatory agencies that are engaged in the American financial markets.
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On July 1, Wiggins Associates enters into a contract to provide consulting services to Pennsylvania University (PU). The contract is anticipated to last four months and is intended to achieve significant cost savings at the university. The contract stipulates that PU will pay Wiggins $27,000 at the end of each month, and, if total cost savings reach a specific target, PU will pay an additional $22,000 to Wiggins at the end of the contract. Wiggins estimates a 70% chance that cost savings will reach the target.
Assume that Wiggins estimates variable consideration as the expected value.
a. The preparation of the journal entry on July 31 to record the first month of revenue under the contract is as follows:
Journal Entry:Debit Contract Receivable $27,000
Credit Contract Revenue $27,000
To record the first month's contract revenue.Debit Cash $27,000
Credit Contract Receivable $27,000
To record the receipt on the contract receivable.b. Assuming total cost savings exceed the target, the preparation of the journal entry on October 31 to record receipt of the $22,000 bonus (ignore the normal October payment of $27,000) is as follows:
Journal Entry:Debit Cash $22,000
Credit Contract Bonus $22,000
To record the receipt of a contract bonus.c. No Journal Entry is required.
What is a journal entry?A journal entry is a record of a business transaction as they occur on a daily basis.
Transaction Analysis:a. Contract Receivable $27,000 Contract Revenue $27,000
Cash $27,000 Contract Receivable $27,000
b. Cash $22,000 Contract Bonus $22,000
c. No Journal Entry is Required
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Question Completion:a. Prepare the journal entry on July 31 to record the first month of revenue under the contract.
b. Assuming total cost savings exceed the target, prepare the journal entry, if any, on October 31 to record receipt of the $22,000 bonus (ignore the normal October payment of $27,000).
c. Assuming total cost savings do not reach the target, prepare the journal entry, if any, on October 31 to record failure to receive the $22,000 bonus (ignore the normal October payment of $27,000).
how to make money fast?
Answer:
freelance gigs
Explanation:
Answer: obtain an occupation
Explanation: obtaining an occupation is maybe the easiest, fastest and most common way to obtain currency
Economic resources are also known as?
What are the three writing guidelines to follow when writing a résumé?
The three rules or guidelines for making a resume are to write clearly and succinctly, to provide specific examples and numbers, and to use strong action verbs.
It provides information about your education, work history, and accomplishments with prior employers. It also includes information about your skills and training.
It should also clearly state your career objective, the position seeking, and the advantages you would bring to the company if hired.
To list their qualifications for a position, job applicants must create a formal document called a resume. A personalized cover letter with a resume typically expresses interest in a particular business and draws attention to the resume's most crucial details.
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What is the importance of managers selecting the appropriate channel for message distribution in the Information Age?
The importance of managers selecting the appropriate channel for message distribution in the Information Age is to improve employee engagement as well as the manager ability to help your employees increase their productivity thought leadership and communication skills.
What is an Information Age?It means the period that began in mid-20th century which is characterized by a rapid shift from traditional industry established by the Industrial Revolution to an economy primarily based upon information technology.
During this period, it is very important to choose the right channel or medium of message transfer because by choosing the right medium, we ensure that message arrives to your intended audience and that your audience accurately understands the purpose and meaning of your message.
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Question 15 (1 point)
Astin is a software engineer who is creating a training manual for users of a meal
planning app. His coworker who is reviewing his work points out that he should
replace words like "full-stack" and "bootstrap" because they are considered what?
evidence
copy
vernacular
jargon
Question 16 (1 point!
Astin's coworker who is reviewing his work points out that he should replace words like "full-stack" and "bootstrap" because they are considered: D. jargon.
What is a word?In English language, a word can be defined as a unit of language which comprises one or more spoken sounds and alphabets (letters) that connotes an information about a thing, action, event, etc.
What are jargons?Jargons can be defined as a group of words or noun that are typically used to connote computers, definitions of terminologies, related topics, computing activities, and concepts.
In this context, we can reasonably infer and logically deduce that words such as "full-stack" and "bootstrap" should be replaced by Astin because they are considered as jargon.
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Answer:
Explanation:
i know it's is
What type of market should be considered for these services or products: A spray that combines pain relief and protection for cuts and scrapes
Answer:
Parents and doctors
Explanation:
I assumed you were asking for a specific group instead of age groups, race, locations, etc. But typically, parents and doctors are going to be the best fits. parents need it for their kids and doctors also need it for kids or people with low pain tolerance.
What is the name of the standards that accountants must follow to ensure the financial statements they prepare are relevant, reliable, consistent, and comparable?
General Accounting Rules and Regulations
Generally Accepted Accounting Principles
U.S. Accounting Standards
Global Accounting Standards
Standard Operating Procedures for Accounting
The rules accountants must abide by so the financial statements they create are pertinent, trustworthy, uniform, and comparable to generally accepted accounting principles.
It's best to choose option B. The ten GAAP rules are concerned with ethics, transparency, and consistency in accounting.
GAAP is strongly advised for all businesses though required only for publicly traded and regulated companies. The details, difficulties, and legalities of corporate and business accounting are all covered by generally accepted accounting principles or GAAP.
The Financial Accounting Standards Board (FASB) bases its extensive collection of approved accounting techniques and procedures on generally accepted accounting principles.
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Discussion Questions
1. Sharp's Sandwich Shop has two conflicting quality issues-speed and freshness. The
premade sandwich system enhances speed; however, it has the potential of affecting
freshness. What type of system can Dawn implement that will enable her to keep
the process of premade sandwiches, yet guarantee that freshness will be unaffected?
Explain how the system would work and why it can effectively enable her to accomplish
both goals without any concern that one or the other must suffer.
Dawn will use Kanban to maintain the prefabricated sandwich process and ensure that freshness is not compromised.
Describe Kanban.A well-liked framework for implementing agile and Develops software development is Kanban. It necessitates complete transparency of work and real-time capacity communication. Team members can always observe the status of every piece of work thanks to the visual representation of work items on a Kanban board. Kanban is a process management technology that manages the flow of production from client orders back to the warehouse and visually displays each job's progress on a company's radar.
What makes them a part of lean systems?In its most basic form, Kanban is a method for an organization to visually monitor its work flow. Utilizing Kanban makes it simpler to maintain efficiency and assists in swiftly identifying (and resolving) work flow issues. The fundamental tenet of Kanban is that the flow of work is shown on a sizable board with several columns.
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Why is it important to test sending an electronic résumé before sending it to an employer?
Many employees do not recognize ethical issues. What can be done in ethics training to help sensitize employees?
Using the ethics skills you learn from our ethics training program, you will be able to distinguish between morally right and wrong actions and behaviors in the workplace.
Training in ethics enables organization members to use moral principles and values in corporate decision-making by assisting them in evaluating the morality of their actions. Improve the workplace through your participation. ethics instances when work procedures should be enhanced to adhere to legal and ethical obligations. Actively communicate feedback to superiors and coworkers. Find opportunities to contribute to the revision and creation of policies and protocols and seize them. Ethics trainings are crucial to maintaining a strong corporate culture.
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Which of the following best describes the supporting schedule used in a financial model?
The supporting schedule used in the financial model summarizes the company's profit and loss.
The choice is D. Financial models are employed when attempting to value a company or when contrasting one company with others in the same sector. numerous models that could lead to various outcomes.
A supporting schedule is a thorough itemization of an account's contents. When conducting an audit of a client's financial statements, auditors frequently use it as part of their examination of the client's accounting records.
Supporting schedules provide additional information about entries made as supplements to the balance sheet. They assist in providing a more thorough breakdown of broad categories of assets and liabilities.
The complete question is:
Which of the following best describes the analysis of financial statements and financial reporting?
A) The terms "financial reporting" and "financial analysis" both refer to how businesses present their financial performance.
B) Financial reports analyze an organization's historical performance to make predictions about its capacity to produce cash and profits in the future.
C) The goal of financial analysis is to give users all types of information about an entity's financial situation that they can use.
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Services are "products" in a general sense, but have special characteristics and marketing needs. Select a traditional product brand like Nike or Toyota, then select a service brand like JetBlue or Starbucks. Compare the two. How are the characteristics and marketing needs of the product and service brands similar? How are they different? How are these differences reflected in each brand's marketing strategy?
To compare and contrast two service and product brands let's choose Nike and Starbucks. Marketing needs are similar in the central objective of creating value for the consumer.
Regarding the differences, one can relate the scope of the business and the communication, production and commercialization strategies.
How is each brand's marketing strategy?Nike and Starbucks are two multinational brands with strong market appeal. While Nike seeks a marketing strategy using celebrity endorsements to generate value for its sports products, Starbucks is based on creating value through the consumer experience, with employees being central elements of this process, in addition to the environment aligned with the concept.
Therefore, Nike and Starbucks are large companies with a loyal consumer audience that was conquered with strong marketing appeal and focused strategies to transform the consumer experience positive and aligned with consumer needs.
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when we consider the effects of taxes and subsidies on the market for goods, services, and resources, we evaluate how taxes and subsidies affect:
The evaluation of taxes and subsidies affect in following ways
The price of items is altered by taxes and subsidies, which has an impact on how much is consumed.
The way an Ad valorem tax is applied to the price of the good differs from the way a specific tax or subsidy is imposed. In the end, taxation shifts the market to a new equilibrium where consumers pay more for a good and sellers receive a smaller share of the price. Since taxes imposed on sellers are likely to be paid by increasing the price charged to customers, the incidence of a tax is independent of whether taxes are levied on buyers or sellers. Because the less elastic side of the market bears the majority of the tax burdenLearn more about taxes and subsidies https://brainly.com/question/28498445
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What is produced by a primary metal manufacturing subcontractor?
minerals
assembled car frames
sheet metal
batteries
Sheet metal is produced by a primary metal manufacturing subcontractor. Subcontracting is a typical business activity when a brand owner or Original Equipment Manufacturer (OEM) contracts with an outside manufacturing service provider, also known as a Manufacturing.
Partner, to outsource all or part of their manufacturing activities (MP). Subcontracting is the practice of making a legal arrangement with a third party to carry out a specific quantity of metal work. The external party in this arrangement is referred to as a subcontractor. The act of delegating or outsourcing a portion of the duties and responsibilities under a contract to a different party known as a subcontractor is known as subcontracting.
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Answer:
A primary metal manufacturing subcontractor produces sheet metal. When a brand owner or Original Equipment Manufacturer (OEM) contracts with an outside manufacturing service provider, also known as a Manufacturing, this is a common business activity. Partner with them to outsource all or a portion of their manufacturing activities (MP). Subcontracting is the practice of entering into a legal agreement with a third party to perform a specific amount of metal work. In this arrangement, the external party is referred to as a subcontractor. Subcontracting is the act of delegating or outsourcing a portion of a contract's duties and responsibilities to a third party known as a subcontractor.
An integral part of the planning process where the manager makes future predictions regarding sales trends based on current situations is known as
An integral part of the planning process where the manager make future predictions regarding sales trends based on current situations is known as... forecasting.
How would you define forecasting?Making future forecasts is a part of forecasting. Companies utilize forecasting in finance to predict earnings or other statistics for upcoming periods. Forecasts are used by traders and analysts in value models, to time trades, and to spot trends. Historical data is frequently the foundation of forecasts.
What does business forecasting entail?Describe predicting. Many firms utilize forecasting as a tool for making decisions to aid in planning, budgeting, and anticipating future growth. Simply said, forecasting is the process of attempting to anticipate future outcomes using information from the past and management expertise.
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What is an example of a fixed variable cost?
Answer: utility bill
Explanation: Fixed costs remain the same throughout a specific period. Variable costs can increase or decrease based on the output of the business. Examples of fixed costs include rent, taxes, and insurance. Examples of variable costs include credit card fees, direct labor, and commission.
I believe your options choices was
car payment: is a fixed expensesgym membership dues: variable expensesrent: is a fixed expensesutility bill: variable fixed expense.Types of ExpensesVariable expenses; Expenses that vary from month to month (electriticy, gas, groceries, clothing).
Fixed expenses; Expenses that remain the same from month to month(rent, cable bill, car payment)
Intermittent expenses; Expenses that occur at various times throughout the year and tend to be in large amounts(tuition payment, car repairs)
Discretionary; (non-essential) expenses.
Answer:
fixed
Explanation:
To be eligible for the leadership training program offered by the office, a student must have at least 2 years of post-secondary education or have gone through the organization finance training.
In cell K2 enter a formula using the IF and OR functions and structured references as follows to determine if Kay Colbert can join the leadership training program:
a. The IF function should determine if the value in the student's Post-Secondary Years column is greater than or equal to 2 OR if the value in the student's finance certified status is "Yes", returning the text Yes if a student meets one or both of those criteria or the text No if a student meets neither of those criteria.
To be able to determine if Kay Colbert can join the leadership training program in response to question A, The formula to use for the problem is:
=IF(OR(D2>=2,G2>"Yes"), "Yes", "No")
What is an if and function?One of Excel's most useful features is the IF function. The finest aspect is that you may mix IF with other functions to boost its potency. One of the most beneficial formula combinations in Excel is IF and OR.
The IF AND excel formula allows the user to test several conditions utilizing AND functions by combining two different logical functions, which are frequently nested together. The IF function returns either "true" or "false" depending on the results of the AND function.
Note that by using the function above, one can be able to know if the value in the student's Post-Secondary Years column is greater than or equal to 2 OR if the value in the student's finance certified status is "Yes".
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The US is in the late-cycle expansion phase with moderate recession risk.
Give me 3 reasons why.
The US is in the late-cycle expansion phase with moderate recession risk. Reasons why are
US growth is late-cycle. Even as the economy expands, the labor market is competitive, firms are reporting weaker profits, Inventories are high, interest rates are rising, and the yield curve is flatter than earlier in the cycle.This is further explained below.
What is late-cycle expansion?Generally, Late-cycle economies mature, inflationary pressures build, and the yield curve may flatten or invert. After a recession, monetary policy loosens.
As economic certainty fades, GDP slows, and monetary policy tightens, volatility increases late cycle.
Derivatives are particularly useful to investors seeking portfolio protection or profit during high volatility times like late-cycle and recessions.
In conclusion, The reason for this are
The United States of America is now in the late-cycle growth phase. Even while the economy is continuing to expand, The labor market is competitive, businesses are reporting lower profits, inventories are high, interest rates are on the rise, The yield curve is flatter than it was earlier in the cycle.Read more about late-cycle expansion
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When may a broker NOT place an earnest money deposit in his escrow
account?
As soon as an agent or a broker accepts an earnest money deposit on behalf of a seller, they become an escrow agent, and the money is placed in an escrow account.
So whenever a licensed real estate firm or an agent holds any earnest money, it must be deposited in a trust or escrow account until the closing. The earnest money deposit is said to be mandatory as the deposit gives buyers the time required to sort out their finances, conduct inspections, and evaluate investment, before a deal is closed.
However, if the buyer does not deposit the earnest money with the escrow agent within a reasonable time after contract execution, the buyer thus would be in default.
Hence, an escrow account is one which you fund each month.
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The process of , or identifying problems and opportunities and then resolving them, involves effort both before and after choosing a course of action. You are a senior manager, and you are mentoring a new manager. You want to emphasize to the new manager that being effective in his job will depend on sound decision making. What reasons will you give?
a. Managerial decisions are made in isolation from one another, so every decision must be correct.
b. Decisions determine whether the organization allocates resources effectively.
c. Ultimately, whether the organization meets its goals depends on a series of many decisions.
d. Decision making determines how the organization solves problems.
The method of, or figuring out troubles and opportunities after which resolving them, involves effort both before and after choosing a direction of motion. You are a senior manager, and you are mentoring a new manager : d. decision-making determines how the enterprise solves issues.
The role of managers is to establish and oversee a specific group, project, or area within an enterprise. The volume and scope of a manager's duties can range relying on their function in the organization. The job name of the supervisor can suggest that any individual is coping with a team or handling a sure feature.
A manager is an individual inside an employer who is in charge of coordinating the efforts of people or the allocation of assets. As such, a supervisor is one who undertakes management sports. Managers come updated with super updated communicate-to-daters with the aid of being the right listeners. They allow time for others up-to-date. they have a clear know-how of the organization's image and are prescient and percentage it with the human beings of their team in a way that motivates them.
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