Which of the following is typically used as the base in a vertical analysis of an income statement?

A) gross profit
B) operating income
C) net income
D) net sales

D

Business

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A real estate license is required for all of the following individuals except:

A. An appraiser on salary with a financial institution B. A person showing time share condo units C. And out-of-state auctioneer selling Florida farmland D. A person selling business opportunities

Business

If a buyer or seller has to bring suit to enforce a purchase and sales agreement, the prevailing party will always be entitled to:

A. Specific performance B. Attorneys fees C. Liquidated damages D. Punitive damages

Business