20. Last month, Alex obtained his Florida real estate sales associate's license and already closed his first deal. He's wants to accelerate his career by opening up his own real estate office and have other real estate sales associates work under him. Can Alex do this? No. He must first obtain worker's compensation insurance, which cannot be obtained until he has at least 12, months of experience as a sales associate. Yes. A sales associate can open their own office at any time. O Yes. Sales associates are permitted to open their own real estate office after closing their first deal. ○ ○ No. He must first obtain his Florida real estate brokers license, which will require at least 24 months of experience as a sales associate, and completion of the broker's. course and FL broker's exam.

20. Last month, Alex obtained his Florida real estate sales associate's license and already closed his first deal. He's wants to accelerate his career by opening up his own real estate office and have other real estate sales associates work under him. Can Alex do this? No. He must first obtain worker's compensation insurance, which cannot be obtained until he has at least 12, months of experience as a sales associate. Yes. A sales associate can open their own office at any time. O Yes. Sales associates are permitted to open their own real estate office after closing their first deal. ○ ○ No. He must first obtain his Florida real estate brokers license, which will require at least 24 months of experience as a sales associate, and completion of the broker's. course and FL broker's exam.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

8. How many written days notice must you give an owner before you leave a rented apartment. * A one month B two months O C six months O Done year 9. A document that you and the owner will fill out before you rent an apartment that lists any damages that were in the apartment before you moved in is called alan * O A will O B prenuptial agreement O C power of attorney O Dinventory checklist 10. This document puts your wishes in writing as to how you would like your medical care to be handled if you are unable to make decision for yourself. O A power of attorney Ba trust fund Ca living will O Dan alimony document 11. This is the term we use for all that a person owns. * O A Beneficiary O B An Estate Ca Trust fund O D Whole life insurance fund O Ea Mortgage 12. This document gives you the right to deal with all of the financial aspects of another person life. * O A Power of Attorney O B Health Care Proxy O Ca living will O Da trust fund 13. You should purchase life insurance, and make a…
Dicuss the benefits of Mangement principal?
The purpose of the coordination of benefits (COB) provision, found only in group th plans, & avoid the duplication of benefit payments and overnance OA ensure that patients receive necessary care determine pollent payment responsibility require Insurance companies to pay dairns in a timely manner B. ос COD.
Text When is a mortgage clause used in connection with insurance on a property? The insured lends money to a third party to build a house and adds the value of that property to their own policy. Text A mortgagee has a financial interest in the insured's property and wishes its interest protected under an insurance policy. The amount of insurance is insufficient to meet the amount owing under a mortgage. The mortgage holder wishes extra perils insured which are not included in the policy wording.
Question A During the year ended 30 Jun 2022, Cecilia, a resident of Australia, has received rents of S50,000 and salary of $27799. She also receives a fully franked dividend of $30,000 from a Company that pays tax at the 30% tax rate Har allowable deductions for the year are $12977. Required Calculate her taxable income. Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line
QUESTION 21 When a person dies without a valid will, it is said that they die 1. Extrapalated 2. Intestate 3. Holographically 04. Lonely 05. None of the above. QUESTION 22 Under what circumstances may an executor elect an alternative valuation date of six months after death rather than the date of death itself? 1. The resulting value of the gross estate and the Federal estate tax imposed both increase. 02. The resulting value of the gross estate and the Federal estate tax imposed both decrease 3. The resulting value of the gross estate increases 4. The resulting value of the gross estate decreases, but the Federal estate tax imposed increases 5. None of the above QUESTION 23 In 1975, brothers Quincy and Ronald purchased a tract of real property as joint tenants with right of survivorship Quincy contributed $5,000 toward the $20,000 purchase price and Ronald contributed the remaining $15,000. When Ronald died in the current year, the date of death value of the real property was…
256.Provide an example of a direct benefit ?
(Q): Briefly explain the following:1. Legal Contract 2. Professional liability Explain question with your own words, examples and detail explanation.
TF Qu. 01 A sole proprietor has unlimited liability... A sole proprietor has unlimited liability in meeting the debts of his or her business. True or False True False
27. William has a bakery with total assets of P4,000,000 inclusive of a lot with a book value of P1,200,000. Gross income from sales of bread P300,000 Interest on promissory notes of retail store clients 12,000 Royalties on sale of recipe books 36,000 Dividend income from domestic stocks 10,000 Note that William's total asset i s P2,800,000, excluding the lot. Hence, William's business qualifies as a BMBE. If William obtained a certificate of authority to operate as a BMBE, the following items of operating income are exempt from income tax а. Р 300,000 О Б.Р346,000 О с. Р312,000 O d. P 358,000
QUESTION 1 Identify each of the following as an asset, contra asset, liability, or equity.
Compensation; Net Present Value (see Chapter 12) Kate’s Candy Co. makes chewy chocolate candies at a plant in Winston-Salem, North Carolina. Steve Bishop, the production managerat this facility, installed a packaging machine last year at a cost of $500,000. This machine isexpected to last for 10 more years with no residual value. Operating costs for the projected levelsof production, before depreciation, are $100,000 annually.Steve has just learned of a new packaging machine that would work much more efficiently inthe production line. This machine would cost $580,000 installed, but the annual operating costswould be only $40,000 before depreciation. This machine would be depreciated over 10 yearswith no residual value. He could sell the current packaging machine this year for $250,000. Steve has worked for Kate’s Candy for 7 years. He plans to remain with the firm for about 2 moreyears, when he expects to become a vice president of operations at his father-in-law’s company.Kate’s Candy…