Answer:
Land contract
Explanation:
Land contract is the agreement or the contract among the seller and the buyer of the real property in which the seller provides or offer the buyer option of financing in the purchase and the buyer repay the amount in the resulting loan which is in installments.
In this contract, the seller retain or have the legal title of the property, while allows the buyer to take the possession of the property for the most of the purposes other than the legal ownership.
If the title does not pass until the payment in full is made, then it is a land contract.
Answer:
D) will be cancelled if not immediately executed at the stated price or better.
Explanation:
A Fill-Or-Kill order can be regarded as
an order that is been made in order
to buy/sell a stock and it must be executed in entirety and immediately. If not executed immediately the order might be cancelled since partial Execution is not part of the process of Fill-Or-Kill order. It should be noted that A fillorkill order will be cancelled if not immediately executed at the stated price or better.
Answer:
$3,003
Explanation:
Interest expense = Effective interest for first interest period × Period of time covered by adjusting entry.
Therefore:
Interest expense = $9,009 × 2/6 = $3,003
The adjusting entry will record interest for the two-month period conservatively which includes January and February, Year 1 in which It will include a debit to Interest Expense in the amount of $3,003.
Hence,
Dr Interest Expenses $3,003
The amount of interest expense that should be accrued by Maverick in an adjusting entry dated February 28, Year 1 is
$3,003
Answer:
$1,079 billion
Explanation:
Calculation to determine what Gross domestic product is
Using this formula
Gross domestic product = Personal Consumption Expenditures + Gross Private Domestic Investment + Government Purchases + Net exports
Let plug in the formula
Gross domestic product = $475 + $300 + $315 + ($249 - $260)
Gross domestic product =$475 + $300 + $315 + +$11
Gross domestic product = $1,079 billion
Therefore Gross domestic product is $1,079 billion
