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barxatty [35]
2 years ago
14

Edie's contract includes a(n) ______, which gives her, as the buyer, the right to pull out of the deal if the house doesn't appr

aise at the agreed upon sale price.
Business
1 answer:
Mila [183]2 years ago
6 0

Edie's contract includes an <u>Appraisal contingency </u>, it gives her the right to pull out of the deal if the house doesn't appraise at the agreed upon sale price.

A property's appraised value is determined by a professional real estate appraiser. As opposed to this, buyers determine a property's market value by paying whatever price they are willing to pay for it. An offer is subject to a contingency if a certain condition is not met. To put it another way, it functions similarly to a safety net. If the appraised value of the property is lower than the purchase price, the buyer can back out of the contract and keep the down payment. The home's true market worth is established through an appraisal.

To know more about Appraised Value refer to:

brainly.com/question/27939636

#SPJ4

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Answer:

A. avoids central tendency and biases

Explanation:

5 0
3 years ago
What was the impact of the Industrial Revolution on the material standard of living in Europe and America? Who benefited the mos
AlladinOne [14]

Answer:

Manufactured Goods become Inexpensive and hence purchasing power of the people increased.

Capitalist benefits most from this, whereas living standard goes down for other classes.

Explanation:

No explanation needed

4 0
3 years ago
Which of the following are examples of hidden unemployment? Select the two correct answers below. Select all that apply: John is
mihalych1998 [28]

Answer:  

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  • Penny has a college degree in nursing, but currently has to work as a store clerk as it is the only available job in her small town.

Explanation:

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Hidden Unemployment is considered hidden as it is not reflected in employment statistics.

Lisa could not find a job so she stopped looking. This is Hidden Unemployment and official figures will not even count her as unemployed because you need to be actively looking for work to be classified unemployed.

Penny is overqualified for the store clerk position she holds or rather she is qualified for a different profession. Employment statistics will however show her as employed.

6 0
3 years ago
When using the accounting equation, recording the purchase of equipment for cash would include an increase to the (Cash/Equipmen
Fiesta28 [93]

Answer:

Equipment account increases , and cash decreases with same amount

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In the case of acquisition of a new equipment , the equipment account is debited (increase) while the cash account is credit with the same amount of money used for the purchase .

Purchase of an equipment is a balance sheet item , which means it is recorded in the balance sheet and not the income statement as it is not an expense.

The asset register must also be updated with the value of the newly acquired item

7 0
3 years ago
Net Income of $10,000,000 Increase in Accounts Payable of $800,000 Increase in Accounts Receivable of $600,000 Depreciation of $
Viefleur [7K]

Answer:

Cash flow generated from operating activities <em>12,010,000</em>

Explanation:

10,000.000

+1,600,000

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4 0
4 years ago
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