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julsineya [31]
3 years ago
11

Hemming saw an advertisement for a Cadillac convertible once owned by the famous early rock ’n’ roll singer Elvis Presley. He co

ntracted to buy it from Whitney for $350,000 and sent Whitney $10,000 as a deposit. But, after some delay, Whitney returned the $10,000 and informed Hemming that the car had been sold to another purchaser. What potential remedy or remedies does Hemming have?
Business
1 answer:
Svetllana [295]3 years ago
5 0
Remedies should be stated in the sales contract. Check there or share the file. If not contact a lawyer in the Whitney area
You might be interested in
Rate of Return if State Occurs State of Economy Probability of State of Economy Stock A Stock B Stock C Boom .15 .39 .49 .29 Goo
Maurinko [17]

Answer:

15.68%

Explanation:

Now to get the expected return of the portfolio, we need to find the return of the portfolio in each state of the economy. This portfolio is a special case since all three assets have the same weight. To find the expected return in an equally weighted portfolio, we can sum the returns of each asset and the we divide it by the number of assets, so the expected return of the portfolio in each state of the economy will be :

Boom: RP= (.13 + .21 + .39) / 3 = .2433, or 24.33%

Bust: RP= (.15 + .05 −.06) / 3 = .0467, or 4.67%

Now to get the expected return of the portfolio, we multiply the return in each state of the economy by the probability of that state occurring, and then sum. In so doing, we get

E(RP) = .56(.2433) + .44(.0467)

=.1568, or 15.68%

8 0
3 years ago
On its first day of trading, Twitter closed at $41.57 per share. Two years later and the price was $26.85, what was the annual r
Mkey [24]

Answer:

B. -21.85%.

Explanation:

Calculation for the annual return on the stock

First step is to calculate the Number of periods

Number of periods = 2 * 365 days in a year

Number of periods= 730

Second Step is to calculate the Daily return using this formula

Daily return = (Future value / initial value)^1/n - 1

Let plug in the formula

Daily return = (26.85 / 41.57)^1/730 - 1

Daily return = (0.645898)^1/730 - 1

Daily return = 0.999401 - 1

Daily return = -0.00059861*100

Daily return = -0.059861%

Last step is to calculate annual return

Using this formula

Annual return=Daily return/ Numbers of days in a year

Annual return = -0.059861% * 365

Annual return = -21.85%

Therefore the annual return on the stock if returns are compounded daily will be 21.85%

8 0
3 years ago
Record the following transactions for the month of November 2019 in the cash receipts journal. Total, prove, and rule the cash r
gregori [183]

Answer and Explanation:

The presentation of the cash receipt journal is as follows;

<u>Date   Description    Account     Sale      Sale     Title      Amount   Cash </u>

<u>                                   Receivable tax       Credit    of                        debit</u>

<u>                                   Credit        Payable           Account</u>

<u>                                                     Credit</u>

Nov 1    Katie Bing       $2,300                                                               $2,300

Nov 10  Collection

 From mike drake                                             Note receivable  $3,700

                                                                          Interest income   $240  $3,940

Nov 13 Jessie cole      $4,100                                                                   $4,100

Nov 15  Cash sales                    $2,300   $26,500 Cash overage $14  $28,814

Nov 30 Totals               $6,400  $2,300   $26,500        $3,954        $39,154

7 0
2 years ago
How is elasticity related to the revenue from a sales tax?
diamong [38]

Answer:

The correct answer is (d)

Explanation:

Elasticity means a change in price will change the supply or demand more than the price change. If the demand is inelastic, then the increase in price will increase the tax revenues because the demand will not change much compared to the price change. Likewise, this phenomenon is the same in the case of supply; the increase in taxes will decrease the overall quantity supplied, which will decrease the overall tax collection or tax revenue.

8 0
2 years ago
Good recordkeeping helps protect assets and helps managers? apply technological controls establish responsibilities monitor comp
coldgirl [10]

Good recordkeeping helps protect assets and helps managers <u>monitor company activities.</u>

<u></u>

<u></u>

<u></u>

What are the benefits of good recordkeeping?

  • Good records will help you do the following:
  1. Monitor the progress of your business.
  2. Prepare your financial statements.
  3. Identify sources of your income.
  4. Keep track of your deductible expenses.
  5. Keep track of your basis in property.
  6. Prepare your tax returns.
  7. Support items reported on your tax returns.
  8. Save time and costs
  9. Prevent loopholes and oversight
  10. Prevent fraud or theft
  11. Comply with laws
  12. Make business decisions
  • Different countries have different regulations depending on the local laws stipulated by the government.
  • It is important for you to do substantive research and ensure that your company’s current record keeping system is compliant with the country regulatory requirements.

To know more about good recordkeeping, refer:

brainly.com/question/11145292

#SPJ4

7 0
2 years ago
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