The broker should <span>call the listing office and cancel the showing as soon as possible.
Among the possible options, this is the one I would choose. The broker should try and convince these buyers to at least take a look at the house so as to evaluate and compare to their other options. If they still don't want to do it, then the broker should cancel everything and move on.
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Given:
April 2, 2017 - paid $3,721,000 for 1,525,000 tons of ore deposit
installed machine costing $213,500. 7 year life. No salvage value. will be abandoned when ore deposit is completely mined.
May 1, 2017 - mining begins. 166,200 tons of ore mined and sold.
At the end of the year, depletion of the ore deposit and depreciation of the machinery must be recorded.
3,721,000 / 1,525,000 = 2.44 depletion rate per ton
2.44 * 166,200 = 405,528
entry on Dec. 31: Debit Credit
Depletion expense - Mineral deposit 405,528
Accumulated depletion - Mineral deposit 405,528
Depreciation of machine is not computed based on straight line method. It is computed based on the ratio of the ore deposit mined and sold to the total ore deposits.
(166,200 / 1,525,000) * 213,500 = 23,268
entry on Dec. 31 Debit Credit
Depreciation expense - Machinery 23,268
Accumulated depreciation - Machinery 23,268
1. Find 4% of 3800: 152
2. 3800-152
3. James will have $3648 available for the down payment after the 5 years.
Answer:
The consumption and GDP will increase.
Explanation:
Consumption can be defined as the purchase of final goods and services with the motive to derive utility or satisfaction. Consumption expenditure is included in the GDP of an economy.
If an American student purchases a personal computer made by a company located in California, it will be recorded as consumption.
This will cause consumption to increase. Since consumption is included in GDP, the GDP will increase as well.
Answer:
C.
Explanation:
Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.
Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.
Therefore, option C is the correct answer.