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kodGreya [7K]
3 years ago
7

Steve and Grace know that their nephew loves to travel. Steve and Grace find a great deal on a timeshare and tell Mike they are

negotiating to buy the timeshare to give to Mike as a wedding gift. Steve and Grace continue to negotiate with Bob, the timeshare owner, for the purchase of the timeshare. If there is any dispute with the negotiations or a resulting contract, does Mike have any rights in that case
Business
1 answer:
Alexxandr [17]3 years ago
3 0

Answer:

Explanation:

That depens of the red tape, if there is one, Mike can claim rigths over the good depending on the negotiation, but if there is no a signed deal it is impossible to claim according to the law.

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A salesperson shows his broker an offer for one of his listings that has a good faith deposit in the form of a promissory note.
12345 [234]

Answer:

The seller must be informed when the offer is presented that the depositis a promissory note

Explanation:

A good faith deposit is one that is done by a buyer in which conditions are stated that could result in the loss of deposit by the buyer.

It is a deposit made by the buyer to show he intends to complete the payment later.

In this instance if there is a Goodwill deposit in form of a promissory note, the broker needs to be aware.

So that when he is bringing in a client he will consider the already existing deposit.

Deals that offer more deposit or full payment will be considered and the original buyer discarded.

8 0
3 years ago
This information relates to Sherper Co. 1. On April 5 purchased merchandise from Newport Company for $22,000, terms 2/10, n/10.
Feliz [49]

Answer:

April 5, purchased merchandise on account terms 2/10, n/10

Dr Merchandise inventory 22,000

    Cr Accounts payable 22,000

April 6, paid freight costs

Dr Merchandise inventory 900

    Cr Cash 900

April 7, purchase equipment on account

Dr P, P & E - Equipment 26,000

    Cr Accounts receivable 26,000

April 8, returned some merchandise (April 5th purchase)

Dr Accounts payable 2,000

    Cr Merchandise inventory 2,000

April 15, paid merchandise invoice

Dr Accounts payable 20,000

    Cr Cash 19,600

    Cr Purchase discounts 400

         or

May 4, paid merchandise invoice

Dr Accounts payable 20,000

    Cr Cash 20,000

If the company pays the invoice on April 15th, it will get a 2% discount which must be recorded as a purchase discount.

5 0
3 years ago
Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the current year was $1
KiRa [710]

Answer:

Explanation:

26262

8 0
3 years ago
The focus groupis meeting on Tuesday.The policy is too old; itneeds to be revised.The management teamwants to hire new warehouse
erastovalidia [21]

Answer:

The verbs in these sentences are:

1. is

2. needs

3. wants

4. buys

5. feel

6. recommend

7. has

8. makes

9. uses

10. shows

Explanation:

Verb is a word in a sentence which describes an action of a person. It is the word which gives understanding about the task performance in a sentence. The verb can be single or multiple in a single sentence. The choice of verb is dependent on the noun. There are 4 forms of verb which are used in a sentence.

4 0
3 years ago
The Wood Division of Bramble Corp. manufactures rubber moldings and sells them externally for $45. Its variable cost is $25 per
Lyrx [107]

Answer:

c. $45

Explanation:

Transfer price is the price charged for a product which is transferred to other department/ division / subsidiary of same company / group. The minimum selling price in the absence of any excess capacity is the price available in the market, because the company has demand for the product and it does not lost the sale if transfer not takes place. The product can be sold in the market. So the Transfer price should be $45.

4 0
3 years ago
Read 2 more answers
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