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Lerok [7]
2 years ago
13

You have placed an antique sofa up for auction and the auctioneer has not made any special announcements about the sale. You can

withdraw the sofa at any time before the auctioneer closes the sale by announcement or by the fall of the hammer.
True / False.
Business
1 answer:
Gre4nikov [31]2 years ago
8 0

Answer:

<h2>The answer in this case would be True.</h2>

Explanation:

  • In this case,the auctioneer has not made any special announcement regarding the sale or especially,has not announced the official conclusion of the sale.
  • Since,the auctioneer hasn't officially signaled the end or conclusion of the sale,it technically implies that the auction or sale of the concerned product or item is still operational and anyone can offer a value to bid for the product or item.
  • Therefore,based on the general rule or regulation of any official public auction,the bidder can officially withdraw his bid and let it pass to other bidders before the final and official conclusion of the sale as per the indication of the auctioneer.
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Answer:

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3 years ago
The App Store needs to raise $2.8 million for expansion. The firm wants to raise this money by selling 20-year, zero-coupon bond
DENIUS [597]

Answer:

10,064 bonds

Explanation:

Given:

Amount to be raised = $2,800,000

Par value (FV) = $1,000

Maturity (nper) = 20×2 = 40 periods

Yield (rate) = 6.49 ÷ 2 = 3.245% or 0.03245

Coupon payment is 0 as it's a zero coupon bond.

Assume it's compounded semi-annually.

Calculate the price of the bond today using spreadsheet function =PV(rate,nper,pmt,FV)

Price of bond is $278.23

PV is negative as it's a cash outflow.

Number of bonds to be sold = Total amount to be raised ÷ Price of bond

                                                = 2,800,000 ÷ 278.23

                                                = 10,064 bonds

Company should sell 10,064 bonds to raise $2.8 million

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2 years ago
What is the biggest attraction for businesses considering engaging in
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yanalaym [24]

Answer:

4) Triple net lease

Explanation:

In a triple net lease (NNN lease), the tenant is responsible for all the expenses related to the leased property including property taxes, maintenance fees, reparations and property insurance. NNN leases are usually commercial leases only.

The landlord's disadvantage with a NNN lease is that the monthly lease payment tends to be lower since the tenant assumes all the costs related to the leased property. On the other hand, a NNN lease generally provides a stable cash flow, so its associated risk is lower.

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