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Helga [31]
2 years ago
7

the section of the purchase agreement you reviewed is not for the buyer to fill out. it is where the seller indicates whether th

e offer is accepted or countered.
Business
1 answer:
Elena-2011 [213]2 years ago
4 0

Documents the agreement between a seller and a listing broker to cease selling a property and specifies the terms for doing so cancellation of Listing.

<h3>Purchasing contract</h3>

A purchase agreement is a type of agreement that summarizes terms and conditions related to the sale of goods. As a legally binding contract between buyer and seller, the agreements commonly relate to buying and selling goods rather than services. They protect transactions for nearly any type of product.

<h3>What is the difference between sale and purchase agreement?</h3>

Before a transaction can happen, the buyer and the seller negotiate the price of the item to be sold and the term for the transaction. The SPA is a framework for the negotiation method.

To learn more about purchase agreement visit the link

brainly.com/question/10851096

#SPJ4

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On August 2, Jun Co. receives a $7,000, 90-day, 11.5% note from customer Ryan Albany as payment on his $7,000 account. Prepare J
Likurg_2 [28]

Answer:

Oct 31

Dr Cash $7,201

Cr Notes receivable—R. Albany $7,000

Cr Interest revenue $201

Explanation:

Preparation of Jun's journal entry assuming the note is honored by the customer on October 31, of that same year

Oct 31

Dr Cash $7,201

($7,000+$201)

Cr Notes receivable—R. Albany $7,000

Cr Interest revenue $201

(11.5%*7,000*90/360)

3 0
3 years ago
24. ABC Corp. has a deferred tax asset account with a balance of $75,000 at the end of 2019 due to a single cumulative temporary
nevsk [136]

Answer:

The journal entries to prepare would be as follows:

                                       Debit              Credit

Deferred tax asset    $5,000

Income tax expense $159,000

           Income tax payable                 $164,000

                               Debit              Credit

Income tax expense $25,000

           Valuation Adjustement           $25,000    

Explanation:

The journal entries to prepare would be as follows:

                                       Debit              Credit

Deferred tax asset    $5,000

Income tax expense $159,000

           Income tax payable                 $164,000

Deferred tax asset=($400,000*20%)-$75,000

Deferred tax asset=$5,000

Income tax payable=$820,000*20%=$164,000

Income tax expense=$164,000-$5,000=$159,000

                                    Debit              Credit

Income tax expense $25,000

           Valuation Adjustement           $25,000      

5 0
3 years ago
Same company as in RA 5.3: Stock price of $42, earnings of $2.12 per share during the last twelve months, forecasted earnings of
luda_lava [24]

Answer:

P/E ratio = $14.78

Explanation:

Market value per share = $42

earning per share = $ 2.84

As we know that:

           Price earning ratio = market value per share / earning per share

                                         =  $42 / 2.84

                                          = $14.78

      Price earning ratio is an indicator to investor whether to invest in this company long term or not.

6 0
3 years ago
If the two countries have the same amount of resources and the same technological knowledge, which country has an absolute advan
Kisachek [45]

Answer:neither does

Explanation:

3 0
3 years ago
You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products
levacccp [35]

Answer:Please refer to Explanation

Explanation:

Cross Price Elasticity of Demand is a very useful tool in Economics to ascertain if goods are compliments or Substitutes.

Cross Price Elasticity of Demand (CPSD) measures the change in demand in one good due to a change in price is the other good.

If the CPSD is negative then the goods are Compliments meaning that they are used together which is why when the price of one good goes down, the demand of the compliment goes up because more of the original good will be bought due to the lower price.

If the CPSD is Positive, it means that they are Substitutes and a Decrease in price in one good leads to a decrease in demand for the other good because people will demand less of it and switch to the former (now cheaper) good.

The formula is,

=  % change in Quantity Demanded of Product A /% change in Price of Product B

a. Splishy splashies and Flopsicles

CPSD = -18%/-1%

= 18%

The CPSD for both these products is 18% which is a positive figure. This means that they are Substitutes and <u>should not be marketed together. </u>

b. Splishy Splashies and Flopsicles

CPSD = 3%/-1%

= -3%

With the CPSD being a negative figure here, these goods are Compliments.

Splishy Splashies and Flopsicles <u>should be Marketed together</u> as they compliment each other.

5 0
3 years ago
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