A real estate salesperson's license has been suspended because money was paid out of the Recovery Account to a person who had a judgment against him. What does the sales person have to do to get his license reinstated?
a. Pay back to Recovery Account at the prevailing rate of interest.
b. Pay the person with the judgment any amount not covered by the Recovery Account.
c. Pay the Recovery Account half the money paid plus interest.
d. Pay the Recovery Account and the person all monies due plus interest.
Answer: a. Pay back to Recovery Account at the prevailing rate of interest.
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The Meacham Tire Company is considering two mutually exclusive projects with useful lives of 3 and 6 years
The after-tax cash flows for projects S and L are listed below. Year Cash Flow S Cash Flow L 0 -$60,000 -$115,000 1 38,000 28,500 2 25,000 49,500 3 35,000 26,850 4 22,600 5 18,750 6 23,500 The required rate of return on these projects is 14 percent. What decision should be made? As part of your answer, calculate the NPV assuming a replacement chain for Project S, and also calculate the equivalent annual annuity for each project.
All of the following are advantages of team incentive plans EXCEPT that ________
A) jealousy is reduced B) wage equity is guaranteed C) team planning is reinforced D) problem solving is encouraged