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gavmur [86]
3 years ago
9

Broker Bill Butter is working with Buyer Brian Bread and has found a property on which the Buyer wants to place an offer. The pr

operty that he likes is owned by Seller Sammy Samuel and listed by Broker Cherry Cleary. The property is located at 2443 E Westgate Ave in Durango, CO. The asking price is $315,000. Buyer Bread offers $299,000 on April 10th and wants all appliances including the washer and dryer included in the sale price, the appliances were excluded in the listing as was the hot tub on the patio. The offer is countered by Seller Samuel on the recommendation of his agent Broker Cherry Cleary on April 11th at $309,000 and will include all appliances except the washer and dryer. Buyer Bread accepts this counter offer on April 12th and the closing is scheduled for May 25. An inspection is held on April 16th and Buyer Bread wants some roof shingles repaired and the carpet in the master bedroom replaced. Seller Samuel agrees to the shingles being repaired, but will only give a $750 credit at closing to Buyer Bread to replace the carpet; Buyer Bread accepts. Prior to closing, Buyer Bread requests that the seller allow them to start a kitchen remodel before closing. Seller Samuel will not allow this and Buyer Bread gets angry and wants out of the contract. How would the credit for $750 for carpet replacement be shown on the settlement statement?
(a)-As a $750 debit to the broker and a $750 credit to the buyer.
(b)-As a $750 debit to the seller and a $750 credit to the buyer
(c)-As a $750 debit to the seller and a $750 credit to the broker
(d)-As a $750 debit to the buyer and a $750 credit to the seller
Business
1 answer:
earnstyle [38]3 years ago
5 0

Answer:

The answer for this question is B.

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podryga [215]

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3 0
2 years ago
As the level of activity increases, how will a mixed cost in total and per unit behave? In Total Per Unit A) Increase Decrease B
Airida [17]

Answer:

A) Increase Decrease

Explanation:

As we know that

Mixed cost is the combination of both fixed cost and the variable cost

Mixed costs are costs in which one component of cost is Fixed and the other component is variable

In equation form,

Mixed cost = Fixed cost + variable cost

In the case of variable cost, the per unit would remain the same and it increased when production increases

But the fixed cost amount would remain the same  but if the production rises the per unit declines

Similarly, Fixed costs remain the same in Total and decreases per unit with increase in production

Therefore option A is correct

8 0
3 years ago
You’re a career counselor for Tim, an air conditioner unit installer who is depressed because he sees his career as going nowher
jeka94
<span>The goal here is to give someone advice on their career options. You should find someone you are close to and think of them and then imagine how you would converse about this with them. In the conversation, fin out what Tim's goals are as well as what things he has tried in the past. Find out what he believes he is capable of doing and how he feels about going to school to learn a new trade.</span>
8 0
3 years ago
Interest earned on a savings account is _____.
kondor19780726 [428]

Correct
b. the percentage a financial institution pays you to borrow your money
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3 years ago
A city government purchased a new fire truck in Year 1 for $270,000. The city incurred an additional $ 30,000 in transportation
erica [24]

Answer:

correct option is  $0

Explanation:

given data

purchased  truck = $270,000

transportation and calibration costs = $30,000

life = 20 years

financed period = 15 year

solution

we know here that some expenses like insurance and depreciation etc is allocated by systematic and the rational procedure for some period

so that during that period related asset is expected to provide the benefit

and acquisition of capital asset is not record as expenses

we know  appropriate property and  plant or the equipment assets account are debit on  purchases

so that Depreciation expenses are recorded to reflect the allocation of costs of the asset to operation over service life of assets

so here correct option is  $0

6 0
3 years ago
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