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egoroff_w [7]
3 years ago
10

In most transactions, the buyer is accepting the condition of the property at what point in time:_________

Business
1 answer:
Dmitriy789 [7]3 years ago
7 0

Answer:

b. At the signing of the contract

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent and it is at this point they (buyer and seller) sign the contract. Therefore, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

<em>Hence, in most transactions, the buyer is accepting the condition of the property at the signing of the contract as an approval or consent to the terms and conditions. </em>

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Answer:

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Answer:

The cost of goods sold for the period is:

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Explanation:

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Beginning Raw Materials Inventory                  $30,600

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To determine the cost of goods sold:

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Cost of Goods Manufactured for the period  246,600

Cost of goods available for sale                    $319,200

Ending Finished Goods Inventory                    (68,600)

Cost of goods sold                                        $250,600

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