Answer:
The answer is: Earnest money deposit (EMD)
Explanation:
An EMD or a good faith deposit is done in a real estate operation. Usually when the buyer doesn´t have all the money to buy the property they make a EMD when signing a sales contract. The EMD gives the buyer some time to get a loan, conduct the title search, a property appraisal and all the inspections necessary before closing the deal. The buyer gets his money back in case something goes wrong with the sell that isn´t his responsibility, i.e. the house has severe damage that was unnoticed until a further inspection was made. But when the sell isn´t carried out due to issues with the buyer, i.e. he couldn´t get his loan approved in time, then the buyer gets to keep the EMD. The contingencies must be stipulated in the contract, ether in favor of the buyer or the seller to establish in which cases a party can claim the EMD.
The correct option is C (1836)
<u>Explanation:</u>
From the given data, all the frims with the given market share are taken. the 8 more firms are taken into account which have 1 percent market share. Thsu, 8 is multiplied with 1 pecent of share.
All the square roots are calculated in order to calculate the HHI
HHI = Summation of sqrt Si
= (36)^2 + (3)^2 + (3)^2 + (6)^2 + (16)^2 + (6)^2 + (4)^2 + (7)^2 + (11)^2 + 8(1)^2
= 1836
Therefore, the correct answer is C (1832)
Answer:
$10,680
Explanation:
Computation of the amount of how much more tax that Logan will pay currently if MG is a C corporation compared to the tax he would pay if it were an S corporation
Logan would pay the amount of $19,320 in taxes if Military Gear Inc. is a C corporation ($80,500 ×24%).
In a situation were it is an S corporation, that means he would pay the amount of $8,640 in taxes (($80,500 - $44,500) × 24%).
Therefore he has to pay the amount of $10,680 more in his taxes which is ($19,320 - $8,640) currently if Military Gear, Inc.
Logan's tax basis $155,500 -$111,000 tax loss for the year =$44,500
Therefore the amount of money that Logan will tend to pay MG is a C corporation compared to the tax he would pay if it were an S corporation would be $10,680.
The purpose of this category of interview questions is to obtain factual information about the interviewee.