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Naily [24]
3 years ago
14

A seller listed her residence with a broker. the broker brought an offer at full price and terms of the listing from buyers who

are ready, willing, and able to pay cash for the property. however, the seller rejected the buyers' offer. in this situation, the seller
Business
1 answer:
garik1379 [7]3 years ago
3 0

In this situation, it is likely that the seller owes a commission to the broker because the broker had already brought an offer in which he has already had terms of agreement from a buyer, even though the seller disagrees, the seller still owes the broker the commission he deserves.

You might be interested in
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,920 and two j
Tanya [424]

Answer:

job 429 -WIP      3040 debit

job 430 -WIP      4020 debit

job 431 -WIP       4740 debit

factory overhead 900 debit

     raw materials             12,700 credit

--to record materials requisions--

job 429 -WIP      2,300 debit

job 430 -WIP      3,400 debit

job 431 -WIP       7,900 debit

factory overhead 1,310 debit

     wages payables            14,910 credit

--to record wages tickets--

job 429 -WIP      1,426 debit

job 430 -WIP      2,046 debit

job 431 -WIP       4,898 debit

     factory overhead            8,370 credit

--to record applied overhead--

Explanation:

job 429 -WIP:  2300 x 62% =  1,426

job 430 -WIP:  3400 x 62% = 2,046

job 431  -WIP:  7900 x 62% = 4,898

total overhead: 8,370

7 0
3 years ago
The economy of a country has shown signs of overheating, such as high inflation rates. The government decides to implement fisca
hichkok12 [17]
The answer is increas taxes think bout it' if u decrease it would make it worse
7 0
3 years ago
By comparing subsidiary accounts to schedules of accounts payable, an
Stolb23 [73]

A comparison of the subsidiary accounts to the schedules of accounts payable will help the accountant to <u>A. prove the accounts payable accounts at the end of a period.</u>

<h3>What is a Subsidiary Account?</h3>

A subsidiary account tracks the information of certain transactions in detail. Some of the most important subsidiary accounts include accounts receivable and accounts payable.

Thus, by comparing the subsidiary accounts to the schedules of accounts payable, an accountant proves the existence and completeness of the accounts payable balance at the end of a period.

Learn more about subsidiary accounts here: brainly.com/question/4656883

6 0
3 years ago
Scenario: Sports Stuff Inc. Herb Graham is vice president of Sports Stuff Inc., a business that develops, manufactures, and mark
Vladimir79 [104]

Answer:

Joint venture

Explanation:

A joint venture can be defined as a business arrangement in which two parties come together to achieve a purpose by combining resources of both parties.

A joint venture involves joint ownership of the business.

A joint venture is good because it helps with sharing of liabilities with a partner, access to knowledge, etc.

Cheers

5 0
3 years ago
MFG Company experiences the following cost behavior patterns each week: Fixed costs: supervisor’s salary $3,000; factory rent $6
s2008m [1.1K]

Answer:

Total cost= $204,750

Explanation:

Giving the following information:

Fixed costs: supervisor’s salary $3,000; factory rent $6,500

Mixed costs: utilities $3,500 + $10.25 per unit

Variable costs per unit:

manufacturing labor wages $30.00

supplies used in production $13.50

packaging cost $7.25

warranty cost $4

Required: Compute total costs to be incurred for a week with 2,950 units of activity.

Fixed costs= 3,000 + 6,500 + 3,500= $13,000

Variable costs= (10.25 + 30 + 13.5 + 7.25 + 4)*2,950= $191,750

Total cost= $204,750

4 0
3 years ago
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