Answer:
A $30,000 payment the seller will receive from this closing.
Explanation:
The debit column represents the money the seller is receiving from this sale (seller's proceeds).
All the debit's correspond to money received by the seller (e.g. earnest money), while the credits correspond to payments carried out by the seller (e.g. any fees paid by the seller).
So if there is some amount that need to be debited at the end, it can only be money that the seller should receive.
Answer: the employer's defense was a pretext.
Explanation:
Norm providing evidences that him being fired was unfair shows that Norm is attempting to show that the employer's defense was a pretext.
A pretext simply refers to a false reason which covers the true intentions or motives of an employer. In this case, the employer didn't fire Norm because he didn't meet his sales quota but fired him because of his age.
Therefore, all the defense given by the employer shows that his defense was a pretext.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
The journal record is attached.
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet.
Answer:
Andy is a common stockholder
Explanation:
In case of dissolution, the company must pay his creditors in a specific order.
Based on the given information, we can say that Andy is a common stock holder, because they are the last in line for the company's assets . This means that the corporation must pay all creditors and bondholders first, then preferred shareholders and last, common stockholders
For calculating the replacement value of the house the insurance company keeps in mind few things like the location of the house, year of construction, the up-gradation and the type of gradation.
<u>Explanation:</u>
These are some of the factors insurance companies take into account when calculating the replacement value of a home:
Location of the home, Year of construction, Year of last major upgrades, Types of upgrades, Total square footage of the home, Foundation and building materials for the home.
The 80% rule refers to the fact that most insurance companies will not fully cover the cost of damage to a house due to the occurrence of an insured event (e.g., fire or flood) unless the homeowner has purchased insurance coverage equal to at least 80% of the house's total replacement value.