Answer:
The answer is: Earnest money deposit (EMD)
Explanation:
An EMD or a good faith deposit is done in a real estate operation. Usually when the buyer doesn´t have all the money to buy the property they make a EMD when signing a sales contract. The EMD gives the buyer some time to get a loan, conduct the title search, a property appraisal and all the inspections necessary before closing the deal. The buyer gets his money back in case something goes wrong with the sell that isn´t his responsibility, i.e. the house has severe damage that was unnoticed until a further inspection was made. But when the sell isn´t carried out due to issues with the buyer, i.e. he couldn´t get his loan approved in time, then the buyer gets to keep the EMD. The contingencies must be stipulated in the contract, ether in favor of the buyer or the seller to establish in which cases a party can claim the EMD.
Answer and Explanation:
The journal entry for recording the sale of the stock is shown below:
Cash Dr ($51,630 - $600) $51,030
To Investment ($68,850 × 1890 ÷ 2700) $48,195
To Gain on sale of investment $2,835
(Being the sale of the stock is recorded)
Here the cash is debited as it increased the assets, the investment and gain is credited as it reduced the assets but increased the revenue
Answer:
Double coincidence of wants - a situation where two individuals each want some good or service that the other can provide
Double coincidence of wants occurs when in a transaction between two or more individuals, each want to obtain the good or service that the other is offering.
Barter - trading one good for another without the use of money
In barter, people trade a good or service for another good or service, without the use of money as medium of exchange. An example of barter is trading a cow for a sheep.
Money - whatever serves society in three functions: medium of exchange, store of value, and unit of account
Money is any good that serves the three purposes of money, store of value to serve as a medium to save or to accumulate wealth, medium of exchange to trade goods and services, and unit of account to measure the value of goods and services under a common guide.
Answer:
Sometimes people like authors like to make the book interesting. So they put in a little romantic part so people will enjoy the book because alot of people like romantic stories.
Explanation:
Answer:
macaroni is an inferior good and price elasticity of supply is infinite.
Explanation:
An inferior good is a good whose demand increases when income falls and falls when income increases.
A normal good is a good whose demand increases when income rises and decreases when income falls.
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price.
Price elasticity of supply = percentage change in quantity supplied / percentage change price
Percentage change in quantity supplied = not given
Percentage change in price = 0 (because the question states that there was no change in price)
Any figure divided by zero gives infinity.
I hope my answer helps you