An employing broker who leaves town
a. must send written notice of who is supervising the office to the Real Estate Commission
b. can delegate authority, in writing, to a qualified broker
c. must give written notice of nonsupervision to all the employed brokers
d. must make sure the assistant can sign on the trust account
Answer: b. can delegate authority, in writing, to a qualified broker
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A company's production department was experiencing a high defect rate on the assembly line, which was slowing down production and causing wastage of valuable direct materials
The production manager decided to purchase a higher grade of materials that would be more reliable, but he was worried that the cost of the new materials might negatively affect operating income. This would produce a(n) ________. A) unfavorable direct materials cost variance B) favorable direct labor cost variance C) favorable direct labor efficiency variance D) unfavorable direct materials efficiency variance
An investor exercises her right to buy one additional share at $20 for every five shares held. How much should each share be worth after the rights issue if they previously sold for $50 each?
A. $35.00 B. $41.67 C. $45.00 D. $46.00