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sashaice [31]
3 years ago
9

Vivian goes to an auction and sees a rare antique lamp that is an identical match to one she already has. At the proper time she

bids on the lamp and is the highest bidder. Even though she is the highest bidder, the auctioneer refuses to accept her bid and withdraws the lamp from the auction. Can the auctioneer do that?
Business
1 answer:
Verdich [7]3 years ago
6 0

Answer:

Most auctions are without reserve and therefore the auctioneer cannot withdraw the lamp.                        

Explanation:

Every auction seems to be either "of-reserve" versus "without-reserve." So the reaction to whether an auction house manages higher bids depends on that form of bidding being carried out. In an offering with reserves, the auction house may reject a higher offer (retain the privilege to reject ...) in which any better bid should be approved in an offering without deposit.

Put differently, the auction house is not obliged to deliver to the top purchaser in a with reserved sale. Essentially, the next bigger raise reflects the minimum price.

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Revenues are recognized when ______, even when the cash is collected in a different accounting period than the obligation to the
Elanso [62]

The condition for which revenues are recognized even when the cash is collected in a different accounting period is;

  • Services are provided even if cash has not yet been collected, in cases of accrual basis accounting

<h3>Revenue recognition</h3>

Two major forms of revenue recognition exist;

  • When Cash is collected from customers. This is the case when the organisation uses cash basis accounting
  • When services are provided even if cash has not yet been collected. This is the case when the organisation used accrual basis accounting

Read more on revenue recognition;

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6 0
2 years ago
Tryon Corp. and Sandoval, Inc. were joint owners of the former Sandy Glass manufacturing facility. An environmental assessment f
kotegsom [21]

Answer:

One company pays 100%, the other re-reimburses 50%  

Explanation:

If an environmental assessment found that the two companies share joint and several liability for a hazardous materials cleanup.

What could happen if the two of them don't agree to cooperate in the cleanup is that one of the companies will eventually settle the costs fully while the other party will have to reimburse the party that pays, 50%.

The paying company could make claims because the environmental impact assessment has already found both companies jointly liable. hence each company ought to jointly share the costs

4 0
3 years ago
Read 2 more answers
For what client would the administration of an epidural block be most appropriate. What procedure is this client most likely to
Mama L [17]

A client who is employed in the second stage

Explanation:

A second phase consumer who is working. The nerve block is a means of applying anaesthesia at a certain stage along the nerves to and from the region under which pain or muscle weakness is desired. There can be different types of nerve blocks.

Epidural anaesthesia throughout the space in which the nerves arise from the spinal cord is also an injection of this drug. During work and delivery, its use is common. The function of the brain requires anaesthesia in general.

The correct humerus will not be decreased by local aesthetics and the orthopaedic operation would not be done by means of a epidural. The injection for penetration is typically anaesthetised.

8 0
3 years ago
If your nominal wage rises but you think that it automatically means your real wage rose, then:a.you are suffering from money il
Scilla [17]

Answer:

If your nominal wage rises but you think that it automatically means your real wage rose, then you are suffering from money illusion.

Explanation:

In money illusion, one thinks money is nominal rather than real.

8 0
3 years ago
Pdq company $10 par common stock is currently trading at $40. pdq is currently paying a common dividend of $.20 per share quarte
geniusboy [140]

Yields are based on annual returns. The formula for current yield is:

$.80/ $40 = 2.00%

Convertible preferred shares may be transformed into common stock at a set conversion ratio. as soon as the marketplace charge of the corporation's commonplace stock rises above the conversion rate it is able to be profitable for the favored shareholders to transform and comprehend an immediate profit.

To find the image of a stock one may want to consult among other resources the usual and negative's stock manual which is now part of an S, P web provider called net benefit. It offers tablet summaries of enterprise history and overall performance. The legal shares, as the name implies are the maximum wide variety of shares that the employer is authorized to have difficulty as stated in its articles of incorporation.

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4 0
1 year ago
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