Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Refer to thefollowing scenario and answer questions (a) and (b) below. Azure Beach Realty Group was established to provide a real estate service in Azure

  1. Refer to thefollowing scenario and answer questions (a) and (b) below.

Azure Beach Realty Group was established to provide a real estate service in Azure Beach and surrounding areas. Its operations include residential property management and sales, as well as a small portfolio of commercial and industrial properties. Their team of experienced property professionals have in-depth and up-to-date understanding of the local apartment/house sales and rental market.

Look at the team and their roles on theAzure Beach Realty Group Staff page.

  1. The following list of transactions have been extracted from the books of the Azure Beach Realty Group.

Review each transaction and determine who has the scope of responsibility for each transaction then complete the table.

Transaction

Actions required

By whom

A tenant comes into the office to pays this week's rent of $400 in cash

(list three)

A purchaser pays 10% of $40,000 deposit for the purchase of a property via EFPOS

(list two)

A payment of $500 made to a tradesperson for repairs to a rental property

(list two)

A payment of $2,000 received in cash for a rental bond

(list three)

An EFPOS payment of $120 received from a tenant for water usage for the full period

(list two)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

MIS Essentials

Authors: David M Kroenke

1st Edition

0136075606, 9780136075608

More Books

Students also viewed these General Management questions

Question

1 . 5 ( 1 . 2 0 ) x = 2 ( 1 . 1 5 ) x

Answered: 1 week ago