Paid interest of $785,000 during 2021, and the interest payable account decreased by $125,000. The interest expense for the year is $555,000.
interest expense = 785000 - 125000 x 2
= 555000
What is interest expense?Cost of borrowing money is related to interest expense. It is the fee a lender assesses to a borrower in exchange for using the lender's funds. The cost of borrowing money from banks, bond investors, and other sources can be shown as interest expense on the income statement.
For illustration, suppose a company borrows $1,000 on September 1 with a 4% monthly interest charge. ($1000 x 4%) means that the interest cost for September will be $40. On October 1, the company repays the loan in full with a $500 payment. The interest cost for October will be $20 (500 x 4%).
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Research revealed what percentage of inc. 500 founders wrote formal business plans prior to launching their companies?
Research revealed that fewer than half of Inc. 500 founders wrote formal business plans prior to launching their companies, and nearly 30% had only basic plans.
Formal business is defined as a business that is registered with the national business registration authority as a business and with the tax authority in terms of tax. Sample 1: Formal business. - means a formal business in terms of the Business Act conducting business from a permanent building.
In formal organizations, authority is based on a chain of command and is more structured. Structured internal processes or authority hierarchies are not necessary for informal organizations. They are not established to accomplish particular objectives like a formal organization.
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The amount of income a person receives before any taxes or deductions is (5 points)
net income
gross income
take home pay
earnings statement
Which famous economist is associated with the view that people will adapt their expectations about inflation based on prior experience?
There are two famous economists based on prior experience,
Milton Friedman & Edmund Phelps.
What is prior experience?Prior experience indicates that you have performed the job in the past, which is another way of saying that you are familiar with how the job is done.For instance, if you're applying for a position as a cashier and you've previously worked in another store, you have prior experience and are familiar with how things operate.An economic theory called adaptive expectations emphasizes the importance of past events in forecasting future results. Predicting inflation is a typical illustration. According to adaptive expectations, if inflation increases in the previous year, people will anticipate higher inflation in the following year.Pe = Pt -1 is a straightforward formula for adaptive expectations. According to this, people anticipate that inflation will be similar to last year.The hypothesis of adaptive expectations. the idea that people predict inflation based on historical inflation rates.Different weightings can be applied to prior years and the degree to which inflation diverged from predicted inflation in more complex adaptive expectation models.To learn more about prior experience, refer
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Which assessment findings by the nurse would require obtaining a blood glucose level on the newborn?
Rationale 1: Jitteriness of the newborn is associated with hypoglycemia and would require close monitoring of blood glucose levels.
Rationale 2: Sucking on the fingers is a normal finding.
Rationale 3: A lusty cry is a normal finding.
Rationale 4: An axillary temperature of 98°F is a normal finding.
Glucose is an organic compound in the form of monosaccharide carbohydrates. This type is also known as the simplest type of carbohydrate, it cannot be broken down into smaller parts. This is why glucose is also called simple sugar. Just like glucose, monosaccharides also include fructose, galactose, and ribose. Usually, you can get glucose from vegetables, fruits, dairy products, and bread, but actually glucose is produced by the leaves of green plants.
Along with oxygen, glucose is produced when plants are photosynthesizing. Furthermore, the oxygen produced is then released into the air, while the glucose remains distributed throughout the plant tissue. This aims to support growth, help form flowers, and develop fruit from the plant itself. Glucose is spread throughout the plant tissue which then becomes a source of nutrition when it reaches your dinner table.
The source of these nutrients you eat and then become energy to survive. Up here it can be concluded that glucose is an important compound that the body needs. Even so, regular intake is preferred. Otherwise, serious problems will arise in the body.
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After zappos. Com identified the needs of its target customer segment, what two marketing actions did the company take to fulfill the needs of its target customer?.
Two marketing actions the company takes to meet the needs of its target customers are offering fast shipping and free returns and offering a large stock of shoes.
Marketing strategy is a way for a company to achieve its goals, because the potential to sell a proposition is limited to the number of people who know about it.
Marketing Strategy Objectives
To improve the quality of coordination within the marketing team.To measure marketing results based on applicable performance standards.To provide a logical basis for any decision making.To improve the ability to adapt in case of changes in marketing.Marketing Strategy Function
Increase motivation to think far ahead.More effective and targeted marketing coordination.Can formulate company goals to be achieved.Supervision of marketing activities is more effective on work performance standards.You can learn more about Marketing strategy here brainly.com/question/15585962
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One classic type of negotiation strategy is the market-based price model.
a. true
b. false
TRUE. -Classic type of negotiation strategy is market-based price model. Benchmark firms have driven down costs of supply chain performance.
Some of the foremost common are distributive negotiation, integrative negotiation, team negotiation, and multiparty negotiation. In distributive negotiation, parties compete over the distribution of a hard and fast pool . Here, any gain by one party represents a loss to the opposite.
To mount a successful negotiation campaign, negotiators have to follow these negotiation strategies: Never take victory without any consideration in a very complex, multiparty setting. Identify and nurture potential allies before you wish their support. Identify all of your likely and potential opponents at the beginning of the method.
A closed-loop supply chain uses reverse logistics to feed products that have served their purpose back to the market forward logistics process. A manufacturer creates a product, ships it to customers, then encourages customers to return it once they now do not need it.
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Because the market outcomes in a competitive oligopoly are between those of a ________________, deadweight loss still exists, but it is lower than when there is collusion.
Because the market outcomes in a competitive oligopoly are between those of a monopoly and a perfectly competitive market, the deadweight loss still exists, but it is lower than when there is collusion.
An oligopolistic market, as Irving Fisher describes it, is a market with “no competition,” creating a situation where a particular person or company is the sole supplier of a particular thing. A monopoly is a situation in which there is only one seller in the market. In conventional economic analysis, the monopoly case is seen as the polar opposite of perfect competition.
A monopoly is a business that is the sole seller of its product and has no close substitutes. An unregulated monopoly has market power and can influence prices. Examples: Microsoft and Windows, DeBeers and Diamonds, your local natural gas company.
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An organization's ______ is a one-sentence statement describing the clear and inspirational long-term desired change resulting from an organization's or program's work.
An organization's vision statement is a one-sentence statement describing the clear and inspirational long-term desired change resulting from an organization's or program's work.
A vision statement describes the organization's short-, medium-, and long-term objectives and what it hopes to become in the future. A company's vision statement serves as a target to work toward. Mission statements and vision statements are frequently mixed up.
Here are a few of the most motivational vision statement examples: Amazon: "Our mission is to build a place where people can come to find and discover anything they might want to buy online," the company states. Making the best ice cream in the nicest manner is what Ben & Jerry's is known for.
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When the production of a good generates external costs, the producing firm's supply curve will be:_______
When the assembly of a decent generates external costs, the manufacturing firm's supply curve are Below the social supply curve.
The curve reflects the total costs of the assembly to society. These include the loss of income for the fishers, increased costs associated with negative health effects of the pollution, lower property values along the river, etc. Since slope is defined because the change within the variable on the y-axis divided by the change within the variable on the x-axis, the slope of the provision curve equals the change in price divided by the change in quantity. Note that the slope is positive, because the curve slopes up and right. Since this supply curve may be a line, the slope of the curve is that the same in the least points.
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A+company+lends+$15,000+at+8%+interest+for+3+months+on+june+1.+if+adjusting+entries+are+recorded+on+june+30,+how+much+will+be+credited+to+interest+revenue?
If adjusting entries are recorded on June 30, $100 will be credited to the interest revenue account.
We need to find interest revenue accrued for one month to answer this question. We first divide the interest rate by 12:
8% / 12 = 0.66667%
Now, we multiply this by the principal to find the accrued interest:
$15,000 x 0.66667% =$100
This is the amount credited to the interest revenue account.
Interest revenue is the earnings that an entity receives from any investments it makes, or on the debt it owns. Within the first quarter of the year, the company might also have earned $10,000 in interest profits, with $four,000 of that overall as paid by means of its commercial enterprise clients and the other $6,000 as unpaid interest. The company would file the complete $10,000 as interest sales.
Interest receivable is normally taken into consideration as a modern-day asset, but maybe non-modern-day under one exception. Present-day assets are any assets that will provide an economic value for or within one year. Interest receivable is an amount of interest that is owed but has not yet been paid.
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Given the cpa firm is auditing financial statements, why would they need to understand anything about the client's business?
Given the cpa firm is auditing financial statements, they need to understand anything about the client's business because entities face risk unique to their business.
A commercial enterprise is described as a business enterprise or enterprising entity engaged in commercial, industrial, or professional activities. agencies may be for-income entities or non-income businesses. business types variety from constrained legal responsibility agencies to sole proprietorships, groups, and partnerships.
Business improves the quality of lifestyles in ways. first of all, it offers goods and provider to the people required for his or her amusement, consolation, and fitness. Secondly, a enterprise offers employment opportunities to the human beings by means of which they are able to generate profits and improve the pleasant of lifestyles.
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The rise in consumer demand for long-haul air travel and cars has been particularly marked where?
a. japan
b. europe
c. china
d. the uk
Option C is the proper response. Long-distance air travel as well as driving are becoming more popular with consumers as a result of the improving economy. For their work meetings, people are frequently commuting.
There is little doubt that living has gotten better steadily over the past few decades, despite occasional recessions, market collapses, and COVID-19. As living standards grew, a wide range of once-rich-only goods and services became generally accessible. The airline industry is the best example of how services have become more accessible to everyone. Those carriers were led by low-cost carriers (LCCs). Here, we'll examine that area of the market in more detail.Flying used to be a luxurious experience. The wealthy and business travellers were the main target audiences for airlines. The flyers were a well-fed and wined-up group. Flights back then hardly ever had a full cabin. The quiet passenger compartment was the perfect place to spread out and take a sleep.To know more about Air travels visit:
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_____ involves marketing philosophies, policies, procedures, and actions whose primary objective is the enhancement of society.
Social responsibility in marketing refers to marketing philosophies, strategies, practices, and actions whose main goal is to improve society and safeguard the environment by using environmentally friendly goods and methods.
SOCIAL RESPONSIBILITY: WHAT IS IT?
Sustainability can be attained through social responsibility. Any business or system can increase its chances of long-term sustainability and success by adopting fundamental social responsibility principles including accountability and transparency.
An organization's accountability for the effects of its choices and actions on people, the environment, and society through openness and moral behavior that: contributes to societal well-being and sustainable development, including health reflects an awareness of stakeholder expectations is in accordance with all current laws and international standards of conduct is incorporated across the business and used in partnerships.
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Which industrialist successfully adopted the bessemer process, revolutionizing the american iron industry by enabling the cheap and efficient mass production of steel?.
Andrew Carnegie was the industrialist who successfully adopted the Bessemer process, revolutionizing the American iron industry by enabling the cheap and efficient mass production of steel.
Andrew Carnegie was the main reason behind the expansion of the American Steel Industry in the late 19th century. He adopted the Bessemer process at his Homestead Steel Works plant because he wanted to produce cheap steel with more efficiency.
By 1889, America started to produce more steel than the UK and this resulted in Carnegie being one of the richest people in the United States. He was also a philanthropist.
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Why does titrimetric end-group analysis become impractical for determining the mn of polymers whose average molecular weight exceeds 25,000?
For Mn>25000, too little solution volume is used for titration because there are very few terminal groups.
What are the reasons?It is not possible to use a concentrated solution of these polymers due to the high viscosity of polymer solutions with Mn > 25000. This scenario is unsuitable.
Using highly diluted titrating agents; in this case, the titration curve is very flat and obtaining the equivalence point with an indicator is very challenging; even using an automatic titrator with the maximum sensitivity of the pH metre, it is possible to obtain very low repeatability. Likewise, using very diluted titration agents, polymers with moderately strong terminal groups, even those with Mn = 50000 uma, can be obtained with acceptable repeatability (e.g. HCl 0.01-0.02 N or NaOH 0.01 -0.02 N).
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Question 6 of 10
Which sentence best completes the diagram?
Globalization
?
A. Incomes improve for poor people in all countries.
OB. Fewer companies have a need for natural resources.
OC. Natural resources move from poor to rich countries.
D. Local businesses face less international competition.
Answer:
answer is c
Explanation:
yes
Process waits until you receive a response from your customer. what kind of flow object would use to show this?
To show that a process waits until a response from the customer is received, the event flow object is used.
In the business process model and notation diagram (BPNM), flow objects refer to objects which are connected together to form a complete process flow. An event is one such flow object. The event flow object signals that something happens during the course of a process. In the given case where a process has to wait to proceed further until a customer response is received, the event flow object with an intermediate event is used.
It is because, when an already underway process waits for the customer's response, it triggers an intermediate event within a process. The intermediate event has a cause e.g., waiting for the customer's response, and a result e.g., redirecting the flow of the process upon receiving the response from the customer.
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Calculate the amount of heat needed to melt of solid methanol () and bring it to a temperature of . round your answer to significant digits. also, be sure your answer contains a unit symbol.
The amount of heat needed for melting solid methanol will be 85.0 kJ.
What is meant by melting temperature?The melting point of a pure material is the temperature at which its solid and liquid phases may coexist in equilibrium. When heat is applied to a solid, its temperature will increase till its melting point has been reached. Further heating will result in the solid becoming a liquid without the temperature changing.
When the entire solid has melted, the excess heat will raise the temperature of the liquid. Compounds and elements can be identified by a particular melting point, which is a distinctive number. Most mixtures and unstructured solids melt at a broad range of temperatures.
Therefore, the melting temperature of methanol is 85.0 kJ.
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Eoq is used in a(n) ________ inventory system. group of answer choices
a. periodic
b. continuous
c. optimal
d. economic
Economic Order Quantity is used in a continuous inventory system.
The ideal order quantity for a company to purchase in order to minimize inventory costs like shortage costs, holding costs, and order costs is known as the economic order quantity (EOQ). Ford W. Harris created this production-scheduling model in 1913, and it has been refined over time. The formula assumes constant ordering, demand, and holding costs.
The economic order quantity (EOQ) is a business's optimal order quantity for minimizing total costs associated with receiving, ordering, and holding inventory of goods.
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Match the description of each cluster to the cluster name.
With respect to the careers described, the description of each cluster matched to the cluster name is given as follows:
What is a career?
A career implies that you continue to do the same sort of work. A career might consist of one or many jobs. You can work for one or more firms. A "career path" is another term for a career. Education, training, and job experience all contribute to a career.
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Over the last two years, an american clothing manufacturer has partnered with a manufacturer in china to make clothes at a cheaper cost. How is this beneficial to both countries?.
It is a strategic partnership when two nations split the benefits and risks of launching a new business together in a different nation.
Define strategic partnership.A strategic partnership is a business relationship between two organizations, which is typically formally recognized by one or more business contracts (sometimes called a strategic alliance). An agency, business affiliate arrangement, or formal partnership organisation will typically outperform a strategic partnership. From handshake agreements to contractual collaborations to equity alliances, the creation of a joint venture, or cross-holdings in one another, strategic partnerships can take many different forms.
A strategic alliance is typically formed between two enterprises when they each have one or more business assets or skills that will benefit the other by advancing their respective industries. This may also imply that one company is providing some knowledge to assist the other company in expanding its market into other markets.
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When two countries share the advantages and risks of starting a new company together in another country, that is a strategic alliance.
Define strategic alliance.A corporate relationship between two organizations known as a "strategic partnership" is often explicitly acknowledged by one or more business contracts (sometimes called a strategic alliance). A strategic partnership will often perform worse than an agency, corporate associate arrangement, or formal partnership organisation. Strategic partnerships can take many different forms, including handshake agreements, written contracts, equity alliances, the formation of joint ventures, and cross-holdings in one another.
When two businesses have one or more business assets or talents that will advance the other by advancing their respective sectors, they often create a strategic alliance. This could also mean that one company is supplying information to help the other company develop into new markets.
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Organizing sensory input that guides movement is a function of the __________. a. cerebellum b. pons c. medulla d. brainstem please select the best answer from the choices provided a b c d
Organizing sensory input that guides movement is a function of the cerebellum.
The cerebellum (“little brain”) is a structure this is positioned behind the mind, underlying the occipital and temporal lobes of the cerebral cortex (figure five.1). despite the fact that the cerebellum debts for about 10% of the brain's quantity, it includes over 50% of the whole variety of neurons in the brain.
The cerebellum is frequently accountable for muscle control, which includes stability and movement. It also performs a function in different cognitive features such as language processing and memory.
The cerebellum can also be divided by means of feature. There are three functional regions of the cerebellum – the cerebrocerebellum, the spinocerebellum and the vestibulocerebellum. Cerebrocerebellum – the most important division, formed through the lateral hemispheres. It is worried in making plans movements and motor studying.
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You are analyzing a company that has cash of $2,000, accounts receivable of $3,700, fixed assets of $10,900, accounts payable of $6,600, and inventory of $4,100. what is the quick ratio?
The quick ratio assesses a company's capacity to satisfy its short-term obligations using its most liquid assets and serves as an indicator of its short-term liquidity position. The quick ratio of the given question is 0.8636.
Quick ratio = (Cash and equivalents + Marketable securities + Accounts receivables) / Current liabilities
= ($2,000 + $0 + $3,700) / $6,600
= 0.8636
What is the Quick ratio?
The quick ratio gauges a company's ability to cover its short-term obligations without having to sell goods or seek for further funding.Compared to the current ratio, which counts all current assets as coverage for current obligations, the quick ratio is seen as a more cautious metric.A company's most liquid assets, such as cash, cash equivalents, marketable securities, and accounts receivable, are divided by all of its current liabilities to arrive at the quick ratio.Prepaids and inventory are two examples of specific current assets that aren't included since they might be harder to convert to cash or might need hefty discounts to be liquidated.The greater a firm's liquidity and financial health, the higher the ratio result; the lower the ratio, the more likely it is that the company will have trouble paying its debtsTo know more about Quick ratio example visit:
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Government expenditures create demand for goods and services. this is known as __________ and will cause ad to shift to the __________.
Government expenditures create demand for goods and services. this is known as expansionary fiscal policy and will cause ad to shift to the Right.
The aggregate demand curve says about the total demand for the economy. It also states us about the total demand at macro level. If an Average demand curve shifts to right then equilibrium quantity of output and the price level will rise. Average demand curve shifts to right then equilibrium quantity of output and the price level will fall. Fiscal policy is the use of government spending and the taxation which influence the economy. Government usually use fiscal policy to promote strong and sustainable growth and reduce poverty.
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What is the ending balance in retained earnings? ending balance in retained earnings
The beginning period, any net income or net loss, and any dividends are used to calculate the sum for retained earnings on the balance sheet.
A balance sheet is a financial statement that lists the assets, liabilities, and shareholder equity of a corporation at a certain point in time. Balance sheets serve as the foundation for calculating investor return rates and assessing a company's financial structure. The balance sheet, or statement of financial position, is a summary of the assets and liabilities of a corporation as well as the amount of shareholder investment. To do fundamental analysis or determine financial ratios, balance sheets can be utilized alongside other significant financial accounts. According to the balance sheet, assets are equal to the total of liabilities plus shareholder equity. Financial ratios are determined from balance sheets and used by fundamental analysts.
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Long-term borrowing is a source of financing capital acquisitions, but the borrowing is not reported as a liability of the capital projects fund.
true/ false
The statement is true. Capital purchases can be financed by long-term borrowing, but this debt is not recorded as a liability of the capital projects fund.
Despite what might be expected, fund-level financial statements do not include long-term payables or obligations for capital projects fund.
Because long-term borrowing proceeds and transfers from other accounts are likely sources of finance for significant projects, instead of using debt, capital projects are funded.
Additionally, bond sale earnings is one of the source of financing capital acquisitions as well as an important source of capital project funding. These assets are not considered revenues, but rather additional sources of funding. As a result, capital project fund expenses frequently surpass receipts.
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You can compute a company's "net income" by
subtracting income tax from
A. net worth
B. sales tax
C. gross sales
Which control standard is stated most effectively?
Multiple Choice
Praise employees more often this month.
Empower employees to make more decisions next year.
Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
Cut the number of finished product rejects.
The control standard that is stated most effectively is: Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
What is meant by the term control standard?This is the term that is used to refer to all of the set standards in an organization that has the ability of taking care of several measures as well as their control and all forms of corrective measures.
It helps in the comparison of the subsequent performance with the performance that used to exist.
Hence we would say that the answer is Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
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When the business cycle has hit its peak and is about to enter a period of sustained economic contraction and the possibility of a sever recession, to maximize gains the prescient investor should not:_______.
When the business cycle has hit its peak and is about to enter a period of sustained economic contraction and the possibility of a severe recession, to maximize gains the prescient investor should not borrow money to buy real assets. Thus, option A is correct.
What is a recession?In the case of recession, the market is considered as a downward movement. That also means that the GDP is being affected and the unemployment rates as well as consumer spending that slow.
As in the business cycle, the person has been trying an attaining a business acquisition or property then the person should not borrow money to buy it as the company is going to enter a market that is going into recession and the market flow will be low, and it will create various consequences for the business. Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
Borrow money to buy real assets. Buy nominal assets such as bonds.
O Lend money.
O Hold cash.
A broker was told by his seller-principal not to advertise her property in the newspaper, which was just across the state line. the broker must comply with the seller's wishes because he select one: a. is required to comply with the interstate land sales full disclosure act. b. must obey the lawful instructions of his principal. c. only has an advertising contract with another newspaper. d. is allowed to advertise only in local newspapers.
A broker was told by his seller-principal not to advertise her property in the newspaper, which was just across the state line. The broker must comply with the seller's wishes because he selects one: must obey the lawful instructions of his principal.
The agent must disclose information about the roof to a possible buyer. it's an agent's duty to tell a possible buyer of any broker known material defects of the property, and it's not a violation of an agent's legal duty to the vendor.
As a buyer, you ought to receive this document broker during the contract contingency period. The TDS is arguably one in every of the foremost important documents of the whole mortgage process.
The seller must disclose all known material facts about the property that might reasonably influence a buyer's decision to shop for. The listing agent should give the broker vendor a Seller Property Disclosure Statement to fill out at the initial listing appointment. A settlement agent is additionally said as a closing agent.
The closing agent's role is to ensure all parties involved receive required documents during a loan closing. They supply escrow instructions to 3rd parties like property agents, to receive funds like fees and commissions.
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