Question Completion with Options:
A) The man is not entitled to a refund, however, he may request that the $200 be applied to his down payment.
B) He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.
C) He is entitled to a refund of $100 if requested within 45 days of the contract date.
D) He is entitled to a refund of $150 if requested within 30 days of the contract date.
Answer:
The statement that applies to this situation is:
B) He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.
Explanation:
The Florida real estate laws provide that any real estate company that furnishes rental information to a prospective tenant for a fee must provide the prospective tenant with a receipt. The receipt should contain the repayment provision, which can be made under specified conditions. However, the young man is expected to make his demand for a return of any part of the fee within 30 days from the date of the broker/sale contract.
Answer:
Return on investment=12.81%
Explanation:
<em>Return on investment for a stock comprises of the capitals and dividend earned on the stock.</em>
<em>The capital gain is the difference between he cost of the shares when it was bought and the value when it is sold.</em>
Capital gain = (24.50 -22)× 500= 1250
Dividend earned for a year = 0.32× 500 =160
Total return = 1250 + 160 =1,410
Total return = $1,410
Cost of the shares= 11,000
Return on investment = total return/cost of shares× 100
=1,410
/11,000 × 100= 12.81
Return on investment=12.81%
Answer:
individuals will tend to become free riders, and private firms will have difficulty generating enough revenue to produce an efficient quantity of the good.
Explanation:
A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue
The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.
Because a public good is non-excludable, the problem of free rider increases so private firms would be unable to generate adequate revenue
Answer:
Neutrino Industries must sell <u>8.68 million shares</u> to raise $400 million.
Explanation:
To calculate this, let B represents the number of shares Neutrino Industries must sell. Therefore, we have:
Gross proceeds = $49 * B, or $49B
Underwriter charges = 6% * $49B = $2.94B
To raise $400 million, we deduct the underwriter charges from gross proceeds and solve for B as follows:
$49B – $2.94B = $400,000,000
$46.06B = 400,000,000
B = 400,000,000 / 46.06
B = 8,684,324.79 shares, or 8.68 million shares.
Therefore, Neutrino Industries must sell <u>8.68 million shares</u> to raise $400 million.
Answer:
The balance of accounts receivable on January 1, 2018 is $31,180.
Explanation:
The following are given in the question:
Percentage of allowance for uncollectible accounts = 3%
Credit sales = $125,000
Collections = $131,000
Amount written off = $180
Therefore, we have:
Account receivable on 31 December 2018 * 3% = $750
Account receivable on 31 December 2018 = $750 / 3% = $25,000
Accounts receivable on 01 January 2018 = Account receivable on 31 December 2018 - Credit sales + Collections + Amount written off = $25,000 - $125,000 + $131,000 + $180 = $31,180
Therefore, the balance of accounts receivable on January 1, 2018 is $31,180.
