If a licensee does not renew before his or her license expires, what is the status of their license?
a. The license expires and they must take the exam again.
b. The licensee enters a two-year grace period during which time the licensee may continue to practice real estate.
c. The licensee enters a two-year grace period during which time the licensee may renew without testing again.
d. The licensee can receive restricted license by paying the proper fees.
Answer: c. The licensee enters a two-year grace period during which time the licensee may renew without testing again.
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Companies usually report their retained earnings restrictions on the balance sheet
Indicate whether the statement is true or false
The following information is provided by Glinda Systems
Project A Project B Project C Project D Initial investment $424,000 $212,000 $552,000 $504,000 PV of cash inflows $588,000 $396,000 $800,000 $402,000 Payback period (years) 3.6 3.2 4.0 2.0 NPV of project $164,000 $184,000 $248,000 $102,000 What is the profitability index for Project B? (Round your answer to two decimal places.) A) 1.92 B) 1.36 C) 1.25 D) 1.87