Principal of contribution - Study guides, Class notes & Summaries

Contribution Margin - CORRECT ANSWER-Difference between marginal revenue and marginal cost. Break-even point - CORRECT ANSWER-Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - CORRECT ANSWER-Indirect Costs Activity-based costing (ABC) - CORRECT ANSWER-Method of determining product costs using cost drivers or activity measures, which cause indirect costs to be incurred. Three main types of Cost standards. - CORRECT...

Champions School of Real Estate- Principles of Real Estate II Already Passed Appraisal an appraiser's opinion of value, used to determine market value property to secure the loan Loan to Value Ratio Percentage of value or sales price that a lender is willing to finance Desk Review an appraisal that simply reviews a checklist of items as they analyze the appraisal report for completeness and acceptable conclusions Field Review An independent 3rd party appraiser will be contract...

Buyer Representation Agreement - An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency - Agency as a result of customary, usual or typical conditions Broker - A properly licensed party who serves a principal in an agency relationship- also called an agent Client - A party represented by a broker in an agency relationship - also called a principal Duties of an Agent - An agent owes his client obedience, loyalty, disclosure, confidentiality, accounting a...

Payments received in the years BEFORE you obtain FRA will be reduced $______for every $________ earned above the earnings cap. - ANS Old-age benefits of Social Security recipients may be reduced if the client earns income from wages and salary during retirement prior to Social Security's full retirement age. By how much are the benefits reduced? - ANS Benefits paid to persons in the years prior to attaining full retirement age are reduced by $1 for every $2 earned over the limit. ...

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - answer-C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: the...

Superior Exam - 3-24-23| Questions and Answers, 100% Verified| 2024 Condemnation and escheat are examples of which of the following types of property transfer? voluntary alienation involuntary alienation transfer of title by descent transfer of title through foreclosure involuntary alienation Without an agreement to the contrary, when a leased property is sold, the lease is binding on the new owner. is in breach and can be voided by the tenant. is canceled effective the date of tit...

Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...

RECA Fundamentals Exam Review Questions and answers, VERIFIED/ 1. Principal of Balance - -value is created and sustained where there is equilibrium 2. Principal of Change - -economic, political, and social forces are constantly in play and contribute to the dynamic nature of property values 3. Principal of Competition - -excessive profits breed opportunities which then tend to destroy those profits 4. Principal of Consistent Use - -when improved land is in transition to another highest...

Florida Real Estate STATE exam Questions and Answers 100% Pass The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a...

AUE2602 ASSIGNMENT 1 PREP 2024 SEMESTER 2 1.1 Background of Corporate Governance in South Africa INTRODUCTION The Industrial Revolution began in Britain in the 18th century from 1760 to 1840 and from there spread to other parts of the world ( Industrial Revolution businesses grew from entities owned and managed by the same person into large organisations in which the owners (shareholders) and management (executive directors) were separate parties. Currently in most countries, the shar...