1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vika [28.1K]
3 years ago
13

An escrow to purchase property was opened on September 1, 2005, and all instructions were placed in escrow, with closing schedul

ed for December 1, 2005. Prior to the closing of the escrow, the seller requested the escrow agent to change the closing date to January 2, 2006 for income tax purposes. However, the buyer would not agree to this. The escrow agent should _______________________
a) change the closing date.
b) refuse to change the closing date without the buyer's approval.
c) take a position as a reconciler and try to bring the buyer and the seller to an agreement.
d) change the date after the seller signs a release relieving the escrow agent from all liability for making the change.
Business
1 answer:
Strike441 [17]3 years ago
6 0

Answer:

B. refuse to change the closing date without the buyer's approval

Explanation:

You might be interested in
Zoe is a CEO of corporation she organized herself and the corporation has 15 shareholders the company operates in several States
Harlamova29_29 [7]

Answer: closely held

Explanation:

Based on the information that are given in the question, Care personnel company would be a closely held organization.

A closely held corporation, is also referred to as the closed corporation. For such firma, few number of people hold their stock.

5 0
2 years ago
Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year.
kozerog [31]

Answer:

Predetermined overhead rate=$19.5/machine hour

The company applied  $877500 to the units produced.

Explanation:

a) Pre-determined overhead rate= <u>Budgeted overhead manufacturing cost</u>

                                                         Estimated number of machine hours

                                                    =975000/50000=$19.5/machine hour.

b)Applied overhead = Pre-determined overhead rate * Actual machine hours

                               = 19.5 * 45000

                              =$877500.

c.

In traditional costing we use as base for calculating overhead rate is machine hours or labor hours but in activity based costing we identify activity that consume resources,identify cost driver of each activity,compute cost rate per cost driver unit and finally assign cost to products by multiplying cost driver rate.

Predetermined overhead rate= estimated overhead/Estimated base (cost driver).

7 0
3 years ago
What is aacceleration?<br>Who is the most active MOD here? ​
swat32

Answer:

Acceleration is the rate of change of velocity. Usually, acceleration means the speed is changing, but not always. When an object moves in a circular path at a constant speed, it is still accelerating, because the direction of its velocity is changing.

Explanation:

6 0
3 years ago
Read 2 more answers
on January 1, 2017, anodel, Inc. acquired a machine for 1,010,000. the estimated useful life of the asset is five years. residua
Licemer1 [7]

Answer:

Annual depreciation= $189,600

Explanation:

Giving the following information:

On January 1, 2017, anodel, Inc. acquired a machine for 1,010,000. the estimated useful life of the asset is five years. residual value at the end of five years is estimated to be 62000.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (1,010,000 - 62,000)/5= $189,600

6 0
3 years ago
Why are conflicts of interests a problem in business?
Nesterboy [21]
<span>Conflict of interest is a very big issue when it comes to business because it may cause wrong decisions. For example, you are business partners and each one of you have different interests and ideas, thus you will not be able to formulate better ideas and create a good business product. It is very important that in a business, you and your business partner must agree in 1 idea and push it through until it become a good product.</span>



3 0
3 years ago
Other questions:
  • Joana volunteers to deliver a last-minute presentation on behalf of her team. Which quality is Joana demonstrating?
    12·2 answers
  • The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020.
    5·1 answer
  • Suppose the government raises income taxes, so consumers have less take-home pay. this policy action will cause a(n)
    13·1 answer
  • The following information relates to Novak Corp. for the year 2022. Retained earnings, January 1, 2022 $58,560 Advertising expen
    9·1 answer
  • A stock is expected to pay a dividend of $0.5 at the end of the year (D1=0.5), and it should continue to grow at a constant rate
    9·2 answers
  • Give brief definitions of the following concepts: Game theory, cooperative equilibrium, noncooperative equilibrium, dominant str
    11·2 answers
  • TRUE OR FALSE ? WHY ? Plesae help me
    11·1 answer
  • bartleby Clayborn Corporation's net cash provided by operating activities was $118,800; its net income was $106,100; its income
    13·1 answer
  • question content area in recording the cost of goods sold for cash, based on data available from perpetual inventory records, th
    10·1 answer
  • Which resource is focused on preparing students for careers and technical work as well as for community leadership
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!