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inysia [295]
4 years ago
5

Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street

in Metro City. Lily buys the property and then discovers that the street has no more traffic than any other in its vicinity. Lily is most likely a victim of Group of answer choices
Business
1 answer:
crimeas [40]4 years ago
5 0

Options :

a. ​mistake.

b. ​opinion.

c. ​an adhesion contract.

d. ​fraud.

Answer: Fraud

Explanation: From the scenario described above, it could be inferred that Ken, the real estate agent used trickery to lure Lily into purchasing the property. Hence, Lily could be said to have been defrauded by Ken who used what Lily needed to trick her into making the purchase because the main specification, that is high traffic, which Ken used to lure Lily was actually false. Fraud remains a grave offence as it could only be carried out by lying, issuing false statement, blackmail, impersonation and other grave offences.

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Ellcrys Corp. writes 71 checks a day for an average amount of $537 each. These checks generally clear the bank 3.75 days after t
Vlad [161]

Answer:

Yes

Disbursement float of $5,515

Explanation:

Yes Based on the information given this a DISBURSEMENT FLOAT

Calculation to determine the value of the float

First step is to calculate the Disbursement float

Disbursement float = 71 × $537 × 3.75 days

Disbursement float = $142,977

Second step is to calculate the Collection float

Collection float = 68 × $622 × 3.25 days

Collection float = $137,462

Now let calculate the value of the float

Value of the float =$142,977 - $137,462

Value of the float = $5,515

Therefore the Value of the float will be $5,515

6 0
3 years ago
Why was it inefficient to leave highway construction to individual states?
rosijanka [135]
Because highway often connect several regions between states and the indivdual states often only want to be responsible for the construction of their own states. This will cause many leftover material and the abundance of expense from the Government's budget so it better to leave the matter on federal Government.
7 0
4 years ago
Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours
V125BC [204]

Answer:

Unitary cost= $155.8

Explanation:

<u>First, we need to determine the overhead allocation rate:</u>

<u />

P<u>redetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base</u>

Predetermined manufacturing overhead rate= (562,400/76,000) + 2.3

Predetermined manufacturing overhead rate= $9.7 per machine hour

<u>Now, we can calculate the total cost of Job A496:</u>

<u />

Number of units in the job 20

Total machine-hours 80

Direct materials $780

Direct labor cost $1,560

Total cost= 780 + 1,560 + (9.7*80)

Total cost= $3,116

<u>Finally, the unitary cost:</u>

Unitary cost= 3,116/20

Unitary cost= $155.8

3 0
3 years ago
What is the difference between sole proprietor and self employed
Kitty [74]

Answer:

Self Employed is the person working in a self owned business. Sole Proprietor is a person solely owning, managing a business.

Explanation:

Self Employment is the term used to depict <u>economic activity</u> of working for self owned organisation, rather than working for someone else. The self owned organisation could be entirely (solely) self owned - sole proprietorship, or co-owned by partners in a limited liability partnership

Sole Proprietor is a business entity owned, managed, run by a single entrepreneur. It is a business legal term given to an <u>economic organisation. </u>In this case, the proprietor necessarily has unlimited liability towards firm's claims. However, its not so always in case of self employment in LLC

5 0
4 years ago
On July 31, 2022, Sunland Company had a cash balance per books of $6,275.00. The statement from Dakota State Bank on that date s
Lesechka [4]

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.  

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.  

Before preparing we have to calculate the bank error which is shown below:

= $384 - $348

= $36

The preparation of the  bank reconciliation statement on July 31  is presented in the spreadsheet. Kindly find the attachment below:

3 0
3 years ago
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