Buyer because he neglected the documents.
In the given case, buyer owns the property because he neglected the documents.
Who is the buyer?Anyone in the financial or business fields who research, assesses, and buys things for businesses to sell or utilize in their operations is referred to as a buyer.
Buyers, often referred to as purchasing agents, have to stick to a budget and frequently haggle for reasonable prices on the goods they wish to purchase. A person can learn more about the clients' requirements and desires by using buyer personas. This makes it possible to appeal to those particular desires more successfully.
Therefore, due to his lack of the paperwork, the buyer in the above situation is the owner of the property.
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Some argue that the Federal Reserve lowering interest rates from mid-2000 to the end of 2002 greatly increased the money supply; however, opportunities to invest yielded paltry returns leading bankers to offer _____ in order to earn a higher return.
Answer: Subprime mortgage loans
Explanation: In other earn higher return, subprime mortgage loans provides bankers the opportunity to charge borrowers higher rates on loans offered. This is because subprime mortgage loans are usually offered to credit defaulters. That is, customers with low credit score due to inconsistencies in their credit repayment due to late payment and poor credit history. Due to poor credit score and low tendency to repay borrowed amount, hence posing a high risk of recouping their fund, such borrowers would find it difficult to qualify for conventional mortgage plans. Subprime mortgages offers a lifeline though but at higher rates.
H2 O'Yeah has designed a water purification device that is drastically different and far superior to any product currently on the market. Although consumer response was positive to the idea of the new product, management wants to find out more before committing to full-scale production. The next step H2 O'Yeah's marketing department is likely to take is to:
Options :
(A) locate a low cost production site.
(B) seek a joint venture with a large competitors.(C) Test market the product among potential users.
(D) develop an advertising campaign to pursuade consumers of the value of the new water purifier system.
Answer: (C) Test market the product among potential users.
Explanation: In other to ascertain the superiority and quality of the purification device, it is important to embark on a tentative phase whereby the product is tested among a pool of potential users or customers, get there feedbacks, analyze before deciding to embark on a full scale production. This phase is required in other not to get carried away by positive feedbacks received after the purchase of a superior equipment. The actual testing of the output or level of water purity obtained from using this equipment from the consumer's standpoint is absolutely vital.
Two foreign nations decided to impose tariffs on imports from all countries. They set up a free trade area, removing all trade barriers between themselves but maintaining tariffs on imports from the rest of the world. Country A now begins to import sugar from Country B. Prior to this, Country A was producing sugar at a higher cost so it now benefits from this transaction. This is an example of
Answer:
customs union
Explanation:
The arrangements between the two countries is called a customs union. In a customs union agreement, the member countries apply common external trade policies with the rest of the world while ensuring free trade and common tarrif amongst themselves. This is a partial form of economic integration that aims to boost economic progress among countries while also strengthening political and cultural ties among them
Basil, a world-famous chef, signs a contract to give French cooking lessons to Maggie. Basil attempts to delegate his duties under the contract to Oliver, the operator of a hot dog stand. The delegation of duties will a. not be valid because performance of the contract depends on Basil's unique talents and skills as a world-famous chef. b. be valid because any duty can delegated. c. be valid only if Oliver is just as highly respected in cooking as Basil is. d. be valid only if Oliver charges less than Basil for his lessons. e. not be valid because Oliver does not give lessons at a convenient time for Maggie.
Answer:
a. not be valid because performance of the contract depends on Basil's unique talents and skills as a world-famous chef.
Explanation:
Since in the question it is mentioned that there is a contract between the Basil and the Maggie and Basil delegate his duties to Oliver so here the delegation of duties would not be valid as the contract is made between the Basil and Maggie
Therefore in the given case, the contract should not be valid
Hence, the correct option is a.
If the distribution of the gains from growth matters, growth in median income is: Multiple Choice the same as growth in per capita income. a less informative measure of growth than growth in per capita income. a more informative measure of growth than growth in per capita income when the distribution of income is equitable. a more informative measure of growth than growth in per capita income when the gains from growth are concentrated on a small segment of the population.
Answer:
a more informative measure of growth than growth in per capita income when the gains from growth are concentrated on a small segment of the population.
Explanation:
Average earnings will look greater than even smaller parts of the community earn big, however, the average will give the appropriate impression on the ground because it is not biased with excessive ends.
Therefore in the case when there is benefit allocation arise from the growth in the median so it would lead to a concentration on the small population segment
Black Oil Company considered building a service station in a new location. The owners and their accountants decided that this was the profitable thing to do. However, soon after they made this decision, both the interest rate and the cost of building the station changed. In which case do these changes both make it less likely that they will now build the station?
A. Interest rates rise and the cost of building the station rises.
B. Interest rates rise and the cost of building the station fills.
C. Interest rates fall and the cost of building the station rises.
D. Interest rates fall and the cost of building the station falls.
Answer:
A. Interest rates rise and the cost of building the station rises.
Explanation:
An increase in interest rate means that the amount of money that will be paid back on a loan borrowed for a given period of time will increase. A risen interest rate discourages borrowing, and spending, as people do not want to pay a lot of money on loans collected. If interest rate increases, the company best postpone the project to a later time when interest rate falls. If the cost of building the new station increases, it means more capital than normal is now needed to build this service station, which will discourage investing in the project at that time period. So an increase in interest rate and cost of building the station, makes it less likely that the company builds the station in this time period.
Marguerite had been asked by her manager to write a summary of a seminar she had attended. Marguerite’s summary explained that the speaker’s thick accent and excessive use of jargon made it hard for her to follow his presentation. It’s clear that Marguerite experienced _____ barriers during the seminar.
Answer:
language barriers
Explanation:
Since in the question, it is mentioned that there is excessive use of jargon which results in difficulty to understand what the speaker wants to communicate and due to which it becomes harder to her to follow his presentation.
Here jargon means unique words which unable to understand by the group of people
Therefore this is a language barrier during the seminar
Question 4 Ivanhoe Company reports the following information (in millions) during a recent year: net sales, $10,794.0; net earnings, $359.8; total assets, ending, $4,970.0; and total assets, beginning, $4,025.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1
Answer:
ROA = 0.08 or 8%
Asset turnover = 2.4
Profit Margin = 0.033 OR 3.3%
Explanation:
All of the above requirements can be calculated as follows according to their formula
Working
Average asset = (Assets at beginning + assets at end )/ 2
Average assets = (4025 + 4970 )/ 2
Average assets = $4497.5
Requirement A. Return on assets
ROA = Net Income / Average assets
ROA = $359.8 / $4497.5(w)
ROA = 0.08 or 8%
Requirement 2 Asset turnover
Asset turnover = Net Sales / Average assets
Asset turnover = $10,794 / $4497.5
Asset turnover = 2.4
Requirement 3 Profit Margin
Profit margin = Net income / Net sales
Profit margin = $359.8/$10,794
Profit Margin = 0.033 OR 3.3%
1. Prepare the journal entries for Star Inc. For the month of December: 12/2 Purchased $20,000 of merchandise from Tang Corp., terms 1/20, n/40; FOB shipping point 12/3 The appropriate party paid $150 for shipping costs related to the 12/2 transaction 12/6 Returned $2,000 of merchandise to Tang Corp for credit 12/10 Sold $500 of merchandise to R. Smith, terms 2/10, n/30; cost of merchandise was $120; FOB shipping point 12/11 The appropriate party paid $20 for shipping costs related to the 12/10 transaction 12/18 Received the balance due from R. Smith 12/21 Paid Tang Corp the balance du
Answer:
1.Purchases (Dr.) $20,000
Accounts Payable (Cr.) $20,000
2.Shipping cost (Dr.) $150
Cash (Cr.) $150
3.Purchase return (Dr.) $2,000
Purchases (Cr.) $2,000
4.Account Receivable (Dr.) $500
Sales (Cr.) $500
5.Freight expense (Dr.) $20
Cash (Cr.) $20
Explanation:
The journal entry at the time of purchase will be recorded as accounts payable for complete invoice amount and discount is not incorporated in the entry because it is not realized. The adjusting entry will be recorded when the discount is availed to adjust the transaction and reflect the discount effect in the book of accounts.
Q 8.32: The financial statements of the Otter Company report net sales of $800,000 and accounts receivable of $40,000 and $20,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for the Otter Company
Answer:
26.67 times
Explanation:
The financial statements of the Otter company reports a net sales of $800,000
The account receivables at the beginning of the year is $40,000
The account receivables at the end of the year is $20,000
Therefore, the account receivable turnover for the Otter company can be calculated as follows
= $800,000/($40,000+$20,000/2)
= $800,000/($60,000/2)
= $800,000/$30,000
= 26.67 times
Hence the account receivable turnover for the Otter company is 26.67 times
If the exchange rate is 5 Egyptian pounds per U.S. dollar, a watch that costs $25 US dollars costs a. 125 Egyptian pounds b. 50 Egyptian pounds c. 5 Egyptian pounds d. None of the above is correct.
Answer:
A. 125 Egyptian pounds
Explanation:
Let’s create a proportion using the following setup.
pounds/dollars=pounds/dollars
We know that 5 Egyptian pounds is equal to 1 dollar.
5 pounds/ 1 dollar= pounds/dollars
We don’t know how many pounds are in 25 dollars. We can say x pounds are in 25 dollars.
5 pounds / 1 dollar = x pounds/ 25 dollars
5/1=x/25
We want to find out what x is, so we need to get x by itself.
x is being divided by 25. The inverse of division is multiplication. Multiply both sides of the equation by 25.
25*(5/1)=(x/25)*25
25*5/1=x
25*5=x
125=x
$25 US dollars are equal to 125 Egyptian pounds. Therefore, the watch will cost 125 Egyptian pounds and choice A is correct.
Importers Direct arranged to have a French winery ship a large quantity of fine wine to the United States. By signing a(n) ______________, Importers Direct authorized its bank to make full payment to the French winery if and when the wine arrives at the Importers Direct warehouse in Philadelphia.
Answer: letter of credit .
Explanation:
A letter of credit is known as
a trade finance mechanism also known as "letter of undertaking" used as a guarantee document that the payment of goods and services will be fulfilled between a seller and a buyer.It is also known as documentary credit or a bankers commercial credit.Hence, Importers Direct arranged to have a French winery ship a large quantity of fine wine to the United States. By signing a letter of credit , Importers Direct authorized its bank to make full payment to the French winery if and when the wine arrives at the Importers Direct warehouse in Philadelphia.
Suppose farmers in a given market can either grow soy beans or corn on their land. In addition, suppose an increase in the demand for corn causes the price of corn to increase. All else equal, an increase in the price of corn creates an incentive for farmers to: Multiple Choice switch away from growing soy beans and into growing corn. grow less corn, but not change their production of soy beans. switch away from growing corn and into growing soy beans. grow more corn, but not change their production of soy beans.
Answer:
switch away from growing soy beans and growing corn
Explanation:
if the price of corn increases,it would be an incentive for farmers to increase their production of corn so as to increase their profits.
An investor does not need to constantly modify their portfolio make-up, but wishes to have a certain level of freedom to make adjustments to the portfolio over a 20-year timeframe. The investor would like to keep transaction costs and tax consequences as low as possible and likes to keep risk levels low as well. Which of the following would be good choices for an investor who has these characteristics?
It would be suitable for this investor to day trade using a high degree of leverage.
It would be suitable for this investor to use a rebalancing strategy.
It would be suitable for this investor to use a buy and hold strategy.
It would be suitable for this investor to use a strategic asset allocation approach.
[A] I and II only
[B] II and III only
[C] II and IV only
[D] III and IV only
Answer:
C. II and IV
Explanation:
Since the investor is aimed at maintaining his freedom to adjust the portfolio but also want to keep transactions cost, tax, risk, etc low, the investor will have to use a strategic asset allocation strategy or a rebalancing strategy.
This strategies helps to balance investments and allow investor flexibility. Unlike the other strategies in I and III, I has high risks involved as well as requires a high capital which is not conforming with the mindset of the investor. III on the other hand, keeps transaction cost and tax low but gives no freedom to the investor. This also negates the aim of the investor.
Cheers.
Phyllis bought a beach townhouse for $475,000 and put down $50,000 in earnest money. At closing, she paid $150,000, the balance of her intended down payment. The mortgage tax in the area is $.35 per $100 (or portion thereof). Calculate what Phyllis will pay for the mortgage tax.
Answer:
$962.50
Explanation:
Given the following :
Cost of beach townhouse = $475,000
Amount payed in earnest = $50,000
At closing = $150,000
Tax fee = $0.35 per $100
Total down-payment = $(50,000 + 150,000) = $200,000
Amount being taxed = $(475,000 - 200,000)
Amount being taxed = $275,000
Total tax paid :
($275,000 / $100) × $0.35
2750 * $0.35 = $962.50
= $962.50
Selection tests may accurately predict an applicant's ability to perform the job, but they are less successful in indicating the extent to which the individual has the necessary ________.
Answer:
Motivation
Explanation:
Motivation states that it helps in guiding and helps in reaching the objective. You have to get motivated with the help of following ways
Set Target
Rewards can be used
Select interest that helps you to reach the goal
Try to crack your last achievement, etc.
Therefore according to the given situation, the correct answer is motivation.
Abby sells real property for $300,000. The buyer pays $5,000 in property taxes that had accrued during the year while the property was still legally owned by Abby. In addition, Abby pays $15,000 in commissions and $3,000 in legal fees in connection with the sale. How much does Abby realize (the amount realized) from the sale of her property? a.$287,000 b.$300,000 c.$282,000 d.$277,000
Answer:
a. $287,000
Explanation:
According to the given situation, the computation of the amount realized is shown below:-
Amount realized = Sale value consideration + Property taxes paid by the buyer - Commission - Legal fees
= $300,000 + $5,000 - $15,000 - $3,000
= $305,000 - $18,000
= $287,000
Therefore for computing the amount realized we simply above formula.
Sam draws a $100 check on his account at Bank A which is then deposited in Bank B. When this check is cleared Group of answer choices Neither Bank As or Bank Bs deposits or reserves are affected. Bank A gains reserves equal to $100 and Bank B gains deposits equal to $100. Bank A gains reserves and deposits equal to $100 Bank B loses reserves and deposits equal to $100 Bank A loses reserves and deposits equal to $100
Answer:
C) Bank A loses reserves and deposits equal to $100
Explanation:
Since in the question it is mentioned that sam draws a check for $100 on his account at Bank A and then it is deposited in bank B. Now the check is cleared when B lost reserves and deposits equaled to $100 as the amount is deposited to the bank
Therefore, the correct answer is C
As the rest options are wrong
active/passive she is watering the plants
Answer:
active
Explanation:
she "is" means she is currently watering the plants. if it was passive it would have been like this, "she watered the plants".
Match each economic scenario with the correct economic term.
1. A country can produce more units of good B without reducing the units of good A it produces.
2. A country cannot produce more units of good A without producing fewer units of good B
3. A country wants to produce 10 units of good A and 12 units of good B but can produce only 5 units of good A and 4 units of good B.
a. efficiency
b. under utilization
c. unattainability
Answer:
The answer is:
1 - Underutilization
2 - Efficiency
3 - Unattainability
Explanation:
Efficiency in economics means a situation in which all resources are optimally distributed to serve each entity in the best way while minimizing waste and inefficiency.
Underutilization in economics is also a a situation in which lesser resources are being utilized than the economy is capable of utilizing.
Unattainability is a situation in which what one to accomplish or achieve is not possible.
1 - Underutilization
2 - Efficiency
3 - Unattainability
Robert withdrew $100,000 from an account that paid 10 percent annual interest and used the funds to purchase real estate. After one year he sold the property for $120,000. The accounting profit on this deal was:
Answer:
$20,000
Explanation:
Data provided in the question
Sale value = $120,000
Withdrawn amount = $100,000
The computation of accounting profit on this deal is shown below:-
Accounting profit on this deal = Sale value - Withdrawn amount
= $120,000 - $100,000
= $20,000
Therefore for computing the accounting profit on this deal we simply applied the above formula.
How does merit pay differ from a bonus? Group of answer choices A bonus becomes part of an employee's base pay, but merit pay does not. A bonus is linked to individual performance, while merit pay is linked to team performance. Merit pay is linked to individual performance, while a bonus is linked to team performance. Merit pay becomes part of an employee's base pay, but a bonus does not.
Answer: Merit pay becomes part of an employee's base pay, but a bonus does not.
Explanation:
A merit is an increase in the salary of an employee due to the employee's performance, dedication and hardwork towards his or her job and it is becomes part of the base pay of the employee.
A bonus is a financial compensation that is given to a worker. It should be noted that the bonus is usually a one time payment and doesn't become part of a worker's pay.
n the context of SWOT analysis, which of the following best exemplifies a firm's external opportunity? an increase in its brand equity an increase in its employee productivity an increase in its customers' disposable income an increase in its financial resources
The correct answer is C. An increase in its customers' disposable income
Explanation:
In businesses, the SWOT analysis helps a business grow and improve by considering its strengths which refer to advantages or qualities; weaknesses or areas to improve; opportunities or factors that can contribute positively; and threats or factors that might influence negatively.
In this context, external opportunities refer to factors beyond the control of the business that can make it grow. This includes an increase in the customers' disposable income, which refers to the money customers can spend as they wish because if customers have more money to spend the sales of the business can increase.
the direct consumers of the product are the client public. target markets are defined much more easily. goods are marketed more often than ideas or services. the techniques used by for-profit organizations to define target markets cannot be applied. development of a marketing strategy should focus on the general public.
Answer:
This question is incomplete, the questions itself is missing. The correct question is the following:
"In nonprofit organizations," ...
And the correct option is the first one: The direct consumers of the product are the client public.
Explanation:
To begin with, the nonprofit organizations are those that focus on the fact of giving its service or product to the public in general because there is an extremely importance in the good itself so that is why that the organization focus on reaching every member of the community because the product or service should be at the reach of all. And that is why that in the nonprofit organizations the direct consumers of the product or service are the client public.
Q 5.34: A wholesaler offers credit terms 1/10, n/30. A fabric store bought goods worth $6,500 from the wholesaler. Within the discount period, the fabric store returned defective goods worth $300 and paid the amount owed. How much did the wholesaler receive as payment
Answer:
the wholesaler received $6,138 as payment.
Explanation:
The seller would receive the the amount owing to customer less the return credit and cash discount of 1 %.
The calculation of this amount is as follows :
Account Receivable $6,500
Less Return Credit ($300)
$6,200
Less Cash discount ($6,200 × 1%) ($62)
Payment $6,138
Conclusion :
the wholesaler received $6,138 as payment.
Charlene's adjusted basis in S corporation stock was $10,000. Her share of S corporation losses was $22,000. On the last day of the year, she sells her entire interest in the S corporation. How much loss from the current year operations can Charlene deduct under the basis rules
Answer:
$10,000
Explanation:
Based on the information given about Charlene's the amount of loss from the current year operations that Charlene can tend to deduct under the basis rules will be
$10,000 because the amount of $10,000 which was the adjusted basis in S corporation stock will clears the basis limitation in which the amount of $10,000 can be deducted in the current year. This means that the remaining loss will be put on hold and will not be deductible because of sale of the interest.
Melissa Meadows is a marketing representative for Best Care which has recently introduced a Medicare Advantage plan offering comprehensive dental benefits for $15 per month. Best Care has not submitted any potential posts to CMS for approval. Melissa would like to use the power of social media to reach potential prospects. What advice would you give her?
Answer:
The best advice that I would give her if her contract agreement permit her to do so is to tell her to post a tweet on her social media account by stating that Best Care offers great and different array of Medicare Advantage benefit packages. One might be of benefit for you. You can call me to find out more either through my phone number , email or by sending me a message.
Explanation:
Based on the information given about Melissa Meadows who is a marketing representative for Best Care which has Medicare Advantage plan offering comprehensive dental benefits for tha amount $15 per month, in which we were told that she would like to use the power of social media to reach potential prospects which might be interested in the Medicare Advantage plan the best advice I would give her if her contract agreement permit her to do so is to tell her to post a tweet on her social media account by stating that Best Care offers great and different array of Medicare Advantage benefit packages. One might be of benefit for you. You can call me to find out more either through my phone number , email or by sending me a message.
The advice i would give her is : If permitted under the terms of her contract, Agent Meadows could post a tweet stating that "Best Care offers an array of Medicare Advantage benefit packages. One might be right for you. Call me to find out more!"
Terms of contract usually exist between an agent and his principal in a business relationship. This term protect all parties’ interests by detailing all deadlines and compensation.
Contents in terms of contract includes but not limited to :
Identity of the partiesDuties of the partiesRights of each partyIdentity of each partyTherefore, agent Meadows could post the tweet if permitted under the terms of her contract about Medicare advantage benefit packages.
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In the contracting process, a licensee must be careful to:__________
a. avoid giving the principal any advice about the transaction.
b. describing the normal requirements of a contract to a client.
c. drafting a contract illegally.
d. pointing out to the principals the importance of meeting contingency deadlines.
Answer:
c. drafting a contract illegally.
Explanation:
In the contracting process, a licensee must be careful to drafting a contract illegally. The licensee can be defined as an individual or group of people holding a license given to them by an authority or authorized agencies, to engage legally in an activity.
Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.
hen Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive quarters, his manager asked him to resign. In the context of human resource planning, this scenario best illustrates _____ at Srastis.
Answer: Employee separation
Explanation:
From the question, we are informed that Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive quarters, and that his manager asked him to resign.
In the context of human resource planning, this scenario best illustrates employee separation. Employee separation has to do with situation whereby the services of an employee is no longer needed by an organization.
Jamal Steel, a rapidly growing small steel company with annual revenues of $8 million, is looking to buy a large industrial furnace from Shinto Manufacturing, a Japan-based company. Rather than have a letter of credit binding the two parties, both agree on a draft. In international commerce, Shinto Manufacturing, the party initiating the draft, is known as the
Answer:
Maker
Explanation:
A maker is a person that initiates contracts.
In the case of the question above, the company who is initiating the draft is the maker.
etc.