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uranmaximum [27]
3 years ago
11

Which of the following transactions would qualify as an "arm's length transaction"?

Business
1 answer:
sergeinik [125]3 years ago
8 0
<span>Which of the following transactions would qualify as an "arm's length transaction"? The arms length transaction concerns both parties within a transaction and how they committed they both are to the transaction. This protects any false pretenses that there is pressure from either side of the party to make the transaction happen. If they notice there is any conditions or pressure from either side they can get in trouble and potentially make the transaction null. </span>
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A resort manager leases condominiums to out-of-town guests for several months at a time. The resort is licensed under 509 FS. He
lakkis [162]

Answer:

If the company is licensed under the Florida Statute chapter 509 (Lodging and food service establishments), the manager does not need to get a real estate license himself in order to lease condominiums. He is already being employed by a licensed company, so that should be sufficient enough for him to work without any problems.

4 0
4 years ago
A seller wants to break even after the broker’s commission of 5% and loan balance of $300,000 are paid. At what price must the h
zhuklara [117]

At $315,789 the house must be sold after taking into consideration the broker's commission.

<h3>What do you mean by broker’s commission?</h3>

A broker’s commission is a brokerage firm employee who is compensated for the number of trades they execute for clients.

These brokers typically earn a percentage of the assets traded by their clients, which means that the more a client trades, the more money they make.

In order to calculate the selling price, we have to start with 100% minus a 5% commission, which is 95% or .95.

Take $300,000 and divide this amount by .95.

This will give the amount or the price at which we can sell the house which is $315,789.

Thus, At $315,789 the house must be sold after taking into consideration the broker's commission.

To learn more about  broker's commission refer:

brainly.com/question/14838861

#SPJ1

3 0
2 years ago
If your company does not have a manual that describes all the major product warranties, you should:
bagirrra123 [75]

Answer:

C. Decide on a general, neutral comment you can make if customers ask you about a warranty

Explanation:

The comment might be that each product contain the warranty within the box.

3 0
4 years ago
On January 2, 2016, Rafa Company purchased a franchise with a useful life of 10 years for $50,000. An additional franchise fee o
Zielflug [23.3K]

Answer:

$45,000

Explanation:

Value of Franchise will be amortized on its useful life.

Value of Franchise = $50,000

Useful life = 10 years

Amortization as on December 31, 2016 = 50000/10 = $5000

Revenue and Franchise operating cost have nothing to do with the value of Intangible asset and amortization. All of these are operating entering which will be dealt in the income statement instead account for as value of Intangible asset.

3 0
4 years ago
Bartering is the exchange of goods and services without the use of _____. A. revenue B. regulations C. money
katrin2010 [14]
Bartering is done without C) money!
Recall how pioneers traded with each other goods.
6 0
3 years ago
Read 2 more answers
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