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Vera_Pavlovna [14]
2 years ago
13

Money or property granted to someone, but held by a third party until specific conditions have been fulfilled is called _____.

Business
1 answer:
kondor19780726 [428]2 years ago
8 0

Money or property granted to someone, but held by a third party until specific conditions have been fulfilled is called escrow.

The term escrow indicates a temporary condition of an item in financial transactions such as money or property which has been transferred to a third party and this transfer is usually done on the part of a buyer and a seller.

Escrow is usually a type of legal holding account for items, which as cannot be released until the satisfaction of predetermined conditions. Items are held typically in escrow till the process involves a financial transaction that has to be completed. In escrow, valuables are held which include real estate, money, stocks as well as securities.

It is a type of legal arrangement in which a third party holds on to money or property temporarily until a particular condition has been reached which clearly includes the fulfillment of a purchase agreement.

Learn to know more about escrow packages at

brainly.com/question/15861488

#SPJ4

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The fundamental purposes of communication are to provide information and instructions, to influence others, and to ________ acti
SSSSS [86.1K]
You don't communicate to convey activities, or to integrate activities. We can, therefore, eliminate answers "a," "b," and "e." 

So is our purpose to discuss or organize an activity? Either answer fits. We discuss activities to gather the opinions of others regarding said activities. But discussing is, itself, a form of communicating, it is not an outcome. The other points listed are outcomes "we provide... influence... [through communication]." Therefore, the answer must be "c. organize".
3 0
3 years ago
To rent a car for one week, a car rental company charges a $200 base price as well as $0.45 per mile. Jennifer will rent a vehic
Orlov [11]

Answer:

166mile

Explanation:

Given that:

Base price is $200

Mileage price = $0.45 per mile

Jennifer will rent a vehicle at this company, but she has a $275 budget.

Hence the possible number of miles that Jennifer can drive without exceeding her budget :

She will have to make a deposit of $200 which is the base price

($275 - $200) = $75

Now that she is left with $75

Recall,

1 mile = $0.45

X mile = $75

$75 × 1 mile = X mile × $0.45

X mile = 75/0.45

X mile = 166.666

Hence the maximum miles she will have to cover without incurring extra charges will be 166mile

8 0
3 years ago
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credi
Rudik [331]

Answer:

Calculation of sales returns = 5% of $12,700,000 =$ 635,000

Actual price of sales returns = 60 % of $ 635,000=  $ 381,000

Difference in price = $ 635,000- $ 381,000= $ 254,000

1)

Sales Account              $ 635,000 (dr)

Sundry Debtors / Customers Account              $ 635,000 (cr)

2)

Sales Returns or Allowances            $ 245,000 (dr) ( difference in price)

Trading Profit & Loss Account              $ 245,000 (cr)

3 0
4 years ago
A leading game console manufacturer reduces the price of its flagship product by 10 percent. Holding other things such as income
nekit [7.7K]

Answer:

E (Last one, you didn't put a letter for it)

Explanation:

The answer is E because a price reduction, depending on how large it is, will mostly have an effect on consumer, or in this case, customer sales. In this case, since it is a smaller percentage, it may not have a very big effect though.

4 0
3 years ago
Rachel's Designs has 1,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
Damm [24]

Answer:

In 2021, preferred stockholders will be paid $9000 dividends while common stockholders will be paid $1000 in dividends.

Explanation:

The preferred share are cumulative which means that they accrue dividends in case the company is unable to pay dividend in a certain year. This means that the company needs to pay the preferred dividend in future whenever it declares dividends if it has not paid the dividend on preferred share in the previous years.

The preferred dividends are paid prior to the common stockholders.

Thus, the dividend for 2019 and 2020 will be paid along with that of 2021 when the company pays dividends in 2021.

The preferred dividend per year is = 50 * 0.06 * 1000 = $3000

The accrued preferred dividends for 2019 and 2020 are = 3000 * 2 = 6000

Preferred dividend to be paid in 2021 = 6000 + 3000 = $9000

Common stock dividends to be paid in 2021 = 10000 - 9000 = $1000

4 0
3 years ago
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