1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vfiekz [6]
3 years ago
14

Earnest money is: Group of answer choices The value of your home used to calculate property taxes The estimated current value of

your home in the market The price you pay for your home The cost of home insurance The amount of money the buyer deposits when they buy
Business
2 answers:
stiks02 [169]3 years ago
7 0

Answer:

The amount of money the buyer deposits when they buy

Explanation:

In real estate, earnest money is an amount of money that the buyer hands gives to the seller (around 1-3% of the property's price) once they sign a purchase agreement. It is basically a good faith deposit that generally is held in a trust or escrow account.

If the purchase agreement is not carried out and the buyer is responsible for it, the seller gets to keep the earnest money. If the seller was responsible for the agreement not being fulfilled, then the earnest money is returned to the buyer.

Dima020 [189]3 years ago
5 0

Answer:

The amount of money the buyer deposits when they buy

Explanation:

Earnest money is the money a buyer pays to a seller which is usually like a deposit when they are purchasing a property to show how serious they are in purchasing the property.

When the seller gets the earnest money from the buyer, he is rest assured that the buyer is willing to purchase the property, so he gives him enough time to rally around to get the balance while he list the property off the sales market.

Without earnest money, most sellers are probably going to sell their properties to customer who brings money first.

You might be interested in
Which of the following is an example of the barter system?
nlexa [21]

Answer:

B. Taking a friend to lunch in return of a favor

Explanation:

Barter System is  direct commodity/ service to commodity/service exchange  , without using money as an intermediary exchange medium . It is also called C to C exchange .

Eg : Two farmers exchanging their wheat & rice , A teacher teaching grocers' child in exchange of groceries from him .

So : A. Simple Investment , C. Money Purchase , D. Money Denomination exchange - neither are examples of Barter System .

B . Paying off a friend's favour in exchange of a service (being service-service exchange) is a relatable  example.

4 0
3 years ago
Breadmakers, inc. produces and supplies fresh sandwich breads to various sandwich businesses. breadmakers has recently decided t
yarga [219]
<span>the answer is Direct distribution Direct distribution is a channel of distribution where the producer or manufacturer ensures his or her goods and services reaches the consumer without any intermediary like wholesalers or retailers, in this case all the middle players in the supply chain are eliminated. By opening its own stores for selling sandwiches to consumers, Breadmakers, inc. will be doing a direct distribution (direct supply to consumers)</span>
5 0
3 years ago
Which of the following statements about the marketplace of ideas is true? The British created the marketplace of ideas in the se
pentagon [3]

Answer:

Private groups and the news media play important roles in shaping opinions in the marketplace of ideas.

Explanation:

The marketplace of ideas denotes to the thought and belief of the idea that the authenticity of the truth or its acceptance depends upon the level of competition which the ideas have with one another. This is irrespective of the view that the truth has been provided by the government or by any authority.

8 0
3 years ago
Chez Dove is an independent coffeehouse/bookstore that went bankrupt only eight months after opening due to an unexpected demand
emmainna [20.7K]

Answer:

Management

Explanation:

Better cash management ensures survival of any firm if well handled and managed.

A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.

Effective Cash Management Rules involves: balancing your checkbook regularly and Pay your bills on time

And others.

3 0
3 years ago
Morgan Co. signs a $50,000 noninterest-bearing 5-year note payable for goods purchased from Xelco Industries. The appropriate ra
riadik2000 [5.3K]

Answer:

$31,046

Explanation:

You take the $50,000 and divide it by 1.10^5 = $31,046

5 0
3 years ago
Other questions:
  • The higher the percentage of the active ingredient in a drug
    12·1 answer
  • Megan buys a bond that is redeemable for its par value of 20,000 after 5 years. The bond pays coupons of 800 annually. The bond
    11·1 answer
  • Unhappy customers equal<br> Less Profit <br> More Profit
    12·1 answer
  • If purchasing power parity holds, then if the price of a basket of goods in the U.S. rose from $1.000 to $1,200 and the price of
    6·1 answer
  • d $22000 for her dream vacation. If she is able to earn 9% per annum on an investment, how much will she need to set aside at th
    14·1 answer
  • When nonmonetary assets are traded in an exchange that lacks commercial substance and no cash is received, any loss is recognize
    6·1 answer
  • Barnett Corporation uses the weighted-average method in its process costing system. The
    13·1 answer
  • Four years ago, Lyle Mercer was injured in a railroad accident and sued the railroad for damages. The jury required the railroad
    9·1 answer
  • The probability that a 80-year-old female in the U.S. will die within one year is about 0.048711. An insurance company is prepar
    12·1 answer
  • In this assignment, you will research the cost of the first year at a two- or four-year college, depending on
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!