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uysha [10]
3 years ago
6

The listing agent received a full price offer that she faxed to the out-of-town seller. The seller signed the faxed copy, and fa

xed the signed copy back to the listing agent. The agent faxed the signed offer to the buyer’s agent. Has contract been formed?
Business
1 answer:
ExtremeBDS [4]3 years ago
6 0

Answer: Yes contract has been formed.

Explanation: According to the Uniform Electronic Transaction Act (UETA), electronic transactions are just as binding as transactions made on hardcopy documents. Moreover signatures made electronically reinforces the validity of these elctronic documents.

In the scenario the actual signature was signed on a hard copy by the seller, but it was then faxed back to the listing agent. This faxed copy, showing the faxed signature, is an electronic document that confirms the existence of the contract in accordance with the UETA. This faxed signature is as enforceable as an ink signature.

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Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,100 on January 15, 2018. On December 31, 2020, she sold all 1,000
lyudmila [28]

Answer:

LTCL = $0

Basis = $3,575

Explanation:

January 15, 2018, buy 1,000 shares at $5,100

December 31, 2020, sold 1,000 shares at $4,550

If Ms. Fresh hadn't repurchased the stock in January, she could have reported a long term capital loss of $550. But since she repurchased the 1,000 shares just after selling them, it is considered a wash sale.

So no long term capital loss will be recognized and the basis of the 1,000 stocks = $3,025 + $550 = $3,575

4 0
2 years ago
At Mighty-Tuf Industrial Products Group, 30 percent of its employees are neither a citizen of the parent company nation nor the
horsena [70]

Employees that are not from the parent country or the host nation are known as third-country nationals.

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2 years ago
Advantage of pencil​
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3 years ago
Read 2 more answers
Burns Industries currently manufactures and sells 18,000 power saws per month, although it has the capacity to produce 33,000 un
trasher [3.6K]

Answer:

Burns Industries

Using an incremental analysis approach, Burns should consider accepting this special order only if the price per unit offered by Allen is at least:

above $38 (the variable cost per unit).

Explanation:

a) Data and Calculations:

Monthly production and sales units = 18,000

Production capacity per month = 33,000 units

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Fixed costs =        23

Total per unit =  $61

Selling price per unit = $78

Special offer for 4,800 saws per month, without changing the fixed manufacturing costs.

b) Incremental analysis approach is a management decision technique that specifies that only relevant, marginal, or differential costs should be taken into account.  It rules out the inclusion of sunk or fixed costs, which do not change between alternatives.

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2 years ago
Which type of organization uses the form 1065 and schedule k-1?
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