The answer for this question is: ONE
In this case, TREC stands for Texas Real estate commission. The Back-up contract is created to determine the buyer next-in line to purchase the property.
By making this, the seller will be obligated to approach next-in line buyer if the first buyer fail to fulfill the approved contract
I think the answer is trying<span> to maximize profits is essentially a game in all types of markets. Oligopoly is focused on monopolizing all the markets by gaining much profit that would make it dominate the businesses. This can help players understand strategic skills in marketing.</span>
Answer:
Net Income
Cash basis $10,800
Accrual basis $20,500
Explanation:
Computation of Roma company’s first-year net income under both the cash basis and the accrual basis of accounting will be:
Cash basis Accrual basis
Revenue $39,000 $47,000
Expenses $28,200 $26,500
Net Income $10,800 $20,500
Cash paid $20,950
Add Prepaid cash $7,250
=$28,200
Therefore first-year net income cash basis will e $10,800 and accrual basis will be $20,500
Answer:
$700,000
Explanation:
Although Theresa claimed $200,000 for damages, $300,000 for emotional harms and $500,000 in punitive damages, the final settlement was made at $700,000.
Hence, the gross income must include the amount which was actually used and received in settlement and this is $ 700,000.
Hope this Clear things up
Good Luck.
Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.
<h3>What is meant by
checking account?</h3>
Checking account is the regular account that facilitates the customer to deposits a withdrawal the money any time with no number of limit.
Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.
Thus, option B is correct.
For more details about checking account, click here:
brainly.com/question/22857190
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