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2 years ago

What clause in a sales contract states under what conditions the buyer can

Business

1 answer:

blagie [28]2 years ago

8 0

Answer:

A listing agreement is the document you use to commit to working with a specific real estate agent. Before you sign a listing agreement, ask your agent whether you can be released for any reason, even if that reason is, "I want to list with another broker." If your agent tells you, "No," you might not want to list it with their company.

If you didn't ask your agent about canceling before signing, be aware that exclusive right-to-sell listings contain a safety or protection clause.6

If you ask an agent after the fact to cancel the listing, and they refuse, call their brokerage and request a cancellation. Your listing, believe it or not, is not between you and your agent. It is between you and the brokerage.

If the broker rejects your request for cancellation, then ask the brokerage to assign another agent to you. Most brokers are happy to assign another agent and keep the listing in-house. The brokerage will often pay your fired agent a referral fee.

If there are no workable solutions, call a real estate lawyer for termination assistance, but first, tell the brokerage of your intentions to do so. Sometimes that’s enough to get a release.

Ask your agent to give you a form called "termination of buyer agency." The TBA issued by the California Association of Realtors, for example, will cancel oral or written agency agreements when properly acknowledged and executed.

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Alik [6]

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3 years ago

Why does a large industrial sector not always indicate that a nation is fully developed?. . A.Development depends on rate of ind

Leviafan [203]

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3 years ago

Read 2 more answers

if electrical disturbances are recorded over an extended period and the monitoring equipment indicates they are on the utility s

tresset_1 [31]

If an electrical disturbances are recorded over an extended period and the monitoring equipment indicates they are on the utility side of the PCC, in order to remedy the disturbances, the utility should be informed of the monitored events.

<h3>What is an electrical disturbance?</h3>

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An Electrical Design Power hardware and software is very susceptible to these electrical disturbances. The most common electrical disturbance losses are damaged circuitry, erroneous results, loss of data, system failure, and system shutdown. As well, these electrical disturbance is normally excluded from property coverage forms which is one of the main reasons to buy specialized EDP coverage

Read more about electrical disturbance

brainly.com/question/9278918

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6 0

1 year ago

The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts ex

Gnom [1K]

Answer:

The adjusting entry which is to be recorded is shown below:

Explanation:

The adjusting entry which is to be recorded is as:

Bad Debt Expense A/c..................................... Dr $14,740

Allowance for Doubtful Accounts A/c...............Cr $14,740

As the company records the bad debt expense at the end of the present year

Working Note:

As the company used the percent of receivables sales

Amount = Accounts receivables × Percentage of ending receivable

= $446,000 × 3.0%

= $13,380

Bad debt expense amount = Amount - Debit balance of allowance for doubtful accounts

= $13,380 + $1,360

= $14,740

5 0

3 years ago

The following transactions occurred during March 2018 for the Wainwright Corporation. The company owns and operates a wholesale

hoa [83]

Answer:

Wainwright Corporation

1. T-accounts:

Cash

Account Titles Debit Credit

Common stock $400,000

Equipment $15,000

Rent expense 6,000

Prepaid Insurance 7,000

Accounts Payable 80,000

Accounts Receivable 65,000

Balance $357,000

Accounts Receivable

Account Titles Debit Credit

Sales Revenue $170,000

Cash $65,000

Balance 105,000

Inventory

Account Titles Debit Credit

Accounts Payable $98,000

Cost of goods sold $80,000

Balance 18,000

Prepaid Insurance

Account Titles Debit Credit

Cash $7,000

Equipment

Account Titles Debit Credit

Cash $15,000

Notes Payable 35,000

Balance $50,000

Accumulated Depreciation

Account Titles Debit Credit

Depreciation expense $2,000

Common stock

Account Titles Debit Credit

Cash $400,000

Notes Payable

Account Titles Debit Credit

Equipment $35,000

Accounts Payable

Account Titles Debit Credit

Inventory $98,000

Cash $80,000

Balance 18,000

Sales Revenue

Account Titles Debit Credit

Accounts Receivable $170,000

Cost of goods sold

Account Titles Debit Credit

Inventory $80,000

Rent Expense

Account Titles Debit Credit

Cash $6,000

Depreciation Expense

Account Titles Debit Credit

Acc. depreciation $2,000

2. Trial Balance as at March 31, 2018

Account Titles Debit Credit

Cash $357,000

Accounts receivable 105,000

Inventory 18,000

Prepaid Insurance 7,000

Equipment 50,000

Accumulated depreciation $2,000

Common stock 400,000

Notes payable 35,000

Accounts payable 18,000

Sales revenue 170,000

Cost of goods sold 80,000

Rent Expense 6,000

Depreciation expense 2,000

Total $625,000 $625,000

Explanation:

a) Data and Analysis for the month of March 2018:

1. Cash $400,000 Common stock $400,000

2. Equipment $50,000 Cash $15,000 Notes Payable $35,000

3. Inventory $98,000 Accounts Payable $98,000

4. Accounts Receivable $170,000 Sales Revenue $170,000

4. Cost of goods sold $80,000 Inventory $80,000

5. Rent expense $6,000 Cash $6,000

6. Prepaid Insurance $7,000 Cash $7,000

7. Accounts Payable $80,000 Cash $80,000

8. Cash $65,000 Accounts Receivable $65,000

9. Depreciation expense $2,000 Accumulated Depreciation $2,000

5 0

3 years ago