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2 years ago

A seller agrees to sell the buyer the home theater center. What form or paragraph in the contract should the agent use?

Business

1 answer:

choli [55]2 years ago

4 0

The full question reads;

A seller of real estate property wishes to sell to a buyer for an additional price the home theater television. Which form or paragraph in the contract should be used?

Answer:

The Non-Realty Items Addendum

Explanation:

Considering the circumstances of such a contract, the seller is allowed to use the Non-Realty Addendum. A term or paragraph in a contract that applies to items that are not included in the sale of the home.

In this case, the item not included in the sale of the home was the home theater television.

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Flyaway Travel Company reported net income for 2021 in the amount of $90,000. During 2021, Flyaway declared and paid $2,125 in c

Jlenok [28]

Answer:

$1.85

Explanation:

Fyaway travels reported a net income of $90,000 for the year 2021

During 2021 they declared and paid a cash dividend of $2,125

They also paid $10,000 as cash dividend in common stock

Flyway has 40,000 shares outstanding

Therefore the 2021 basic earning per share can be calculated as follows

$90,000-2,125

= $87,875

40,000 shares+(10,000 shares×9/12)

40,000 shares +(10,000×0.75)

40,000+7500

= 47,500

87,875/47,500

= $1.85

Hence the basic earning per share for 2021 is $1.85

4 0

3 years ago

Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature in 30 years. Compu

nasty-shy [4]

Answer:

if YTM at 4% price : $2,902.1237

if YTM at 8% price : $1,788.0448

The bonds are above face value asthey offer a higher coupon payment than the market yield therefore the bond holders are willing to pay above theri face value

Explanation:

the market price of the bond will be the present value of coupo payment and maturity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 150.000

time 30

rate 0.04

$150 \times \frac{1-(1+0.04)^{-30} }{0.04} = PV\\$

PV $2,593.8050

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 30.00

rate 0.04

$\frac{1000}{(1 + 0.04)^{30} } = PV$

PV 308.32

PV c $2,593.8050

PV m $308.3187

Total $2,902.1237

No we repeat the process with the yield at 8%

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 150.000

time 30

rate 0.08

$150 \times \frac{1-(1+0.08)^{-30} }{0.08} = PV\\$

PV $1,688.6675

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 30.00

rate 0.08

$\frac{1000}{(1 + 0.08)^{30} } = PV$

PV 99.38

PV c $1,688.6675

PV m $99.3773

Total $1,788.0448

7 0

3 years ago

A patent owner cannot exclude others from _____ his or her invention.

Elza [17]

I think it’s D I don’t know if I’m wrong or right but D sounds right

5 0

2 years ago

The adjusted trial balance for Chiara Company as of December 31 follows.

faust18 [17]

Answer and Explanation:

The preparations are presented below:

a. For income statement

Chiara Company

Income statement

For the year ended Dec 31

Revenues

Fees earned $544,000

Interest earned $30,000

Total revenues $574,000

Less: expenses

Depreciation expense - Automobiles $26,000

Depreciation expense- Equipment $20,000

Salaries expense $187,000

Wages expense $43,000

Interest expense $32,200

Office supplies expense $34,200

Advertising expense $63,000

Repairs expense - Automobiles $25,200

Total expenses ($430,600)

Net income $143,400

b. For a statement of retained earnings

Chiara Company

Statement of retained earnings

For the year ended Dec 31

Beginning balance of retained earnings $257,220

Add: Net income $143,400

Less: Dividend -$45,000

Ending retained earnings balance $355,620

c. For balance sheet

Chiara Company

Balance sheet

For the year ended Dec 31

Liabilities & equity Amount Assets Amount

Liabilities & equity Cash $132,400

Accounts payable $98,000 Accounts receivable $50,500

Interest payable $20,000 Interest receivable $20,800

Salaries payable $22,000 90 days notes receivable $171,000

Unearned fees $28,000 Office supplies $16,500

Long-term notes payable $144,000 Automobiles 169,000

Common stock $26,580 Less:

Retained earnings $355,620 Accumulated depreciation

Automobiles $ 80,000 $89,000

Total liabilities & equity $694,200 Equipment 140,000

Less:

Accumulated depreciation

Equipment 23,000 $117,000

Land $79,000

Total assets $694,200

3 0

3 years ago

Market Research is necessary to discover the potential success of new and existing products. True False

arlik [135]

True Market Research is necessary to discover existing products

8 0

3 years ago