1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sunny_sXe [5.5K]
3 years ago
6

If a purchase agreement says to release earnest money after the inspection date, then the seller demands the money be release pr

ior to the inspection date.
What should the broker do?

a. refuse to release the earnest money
b. tell the buyer of the situation
c. release the earnest money
d. None of these
Business
1 answer:
meriva3 years ago
6 0

Refuse to release the earnest money

Explanation:

The broker shall act under the provisions of the purchase agreement. Without the formal approbation of the customer and distributor to allocate early the earned money, the broker has two options: not disclosing anything or "interplaying."

The broker may, however, request or the seller may insist on the offer being accompanied by a certain amount of money.  

This is particularly important when the closure is due several months after the contract is signed, but in most contracts of any length the condition remains.  In order to avoid breach of the contract by the buyer, the seller sees earnest money.

You might be interested in
The following are nine technical accounting terms introduced or emphasized in this chapter. Responsibility margin Transfer price
Ostrovityanka [42]

Answer: Please refer to Explanation

Explanation:

The terms will be listed in bold at the end of the statement. If you require further clarification please do comment.

a. The costs deducted from the contribution margin to determine the responsibility margin. TRACEABLE FIXED COSTS.

b. Cost to produce plus a predetermined markup. COST-PLUS TRANSFER PRICE

c. Fixed costs that are readily controllable by the manager. NONE

d. A subtotal in a responsibility income statement, equal to responsibility margin plus committed fixed costs. PERFORMANCE MARGIN.

e. The subtotal in a responsibility income statement that is most useful in evaluating the short-run effect of various marketing strategies on the income of the business. CONTRIBUTION MARGIN.

f. The subtotal in a responsibility income statement that comes closest to indicating the change in income from operations that would result from closing a particular part of the business. RESPONSIBILITY MARGIN.

g. The amount used in recording products or services supplied by one business unit to another. TRANSFER PRICE.

5 0
3 years ago
The trial balance of ABC Co. does not balance. АВС CO. TRIAL BALANCE JUNE 30, 2019 Debit Credit Cash 0 5740 Accounts Receivable
Vika [28.1K]

Answer:

ill do it of you make it more readable

Explanation:

4 0
3 years ago
What is the function of the OSHRC? A. to enlist people under protected classes B. to research different discriminatory factors C
elixir [45]

Answer: The cases in which the Review Commission renders decisions arise from inspections conducted by a Federal agency separate from the Review Commission, the Occupational Safety and Health Administration (OSHA), which is a part of the Department of Labor. OSHRC, or the Review Commission, and OSHA were created by the Occupational Safety and Health Act of 1970, but the Act mandated that the Review Commission be an independent agency (i.e., not part of another Federal department) to ensure that parties to agency cases receive impartial hearings.

Explanation:

3 0
3 years ago
In preparing Tywin Company's statement of cash flows for the most recent year, the following information is available: Purchase
soldier1979 [14.2K]

Answer:

-$264,000

Explanation:

The net cash flows from investing activities for the year is presented below

Cash flow from investing activities

Purchase of equipment  -$260,000

Proceeds from the sale of equipment $87,000

Purchase of land -$91,000

Net cash flow used by investing activities  -$264,000

The purchase is a cash outflow so it would be shown in a minus sign whereas sales is a cash inflow so it would be added

3 0
3 years ago
Which of the following policies restrict employees from being in a position to manipulate security configurations by limiting th
Yuri [45]

The following policy that prevents employees from being able to tamper with security settings by limiting the time they spend checking those settings is about is <u>Job Rotation,</u> this limits the amount of time that people can tamper with security settings

<h3>What is job rotation?</h3>

It is the process in which a worker leaves his position and this must be replaced by another. In other words, any exit or entry of a collaborator in the company generates a rotation movement. There are even different types of job rotation:

  • Involuntary
  • Volunteer
  • Desirable
  • Undesirable

For more about Job rotation here brainly.com/question/29833716

#SPJ4

<u></u>

<u></u>

7 0
1 year ago
Other questions:
  • There are several reasons why a consumer might be reluctant to adopt a new product. For example, a consumer might be reluctant t
    15·2 answers
  • Mullis company sold merchandise on account to a customer for $625, terms n/30. the journal entry to record the collection on acc
    8·1 answer
  • Which theoretical perspectives would view television and movies as a form of big business in which profits are more important th
    6·1 answer
  • A written promise to pay certain sum of money to another person or company is a
    5·2 answers
  • Describe whether the following changes cause the short-run aggregate supply to increase, decrease, or neither. a. The price leve
    12·1 answer
  • Below are transactions for Wolverine Company during 2021.
    13·1 answer
  • The George Washington University encourages students to think critically and to challenge the status quo. Thus, civil discourse
    10·1 answer
  • Marigold Corp. sold goods with a total selling price of $809,700 during the year. It purchased goods for $390,100 and had beginn
    12·1 answer
  • 8. Governments usually build highways because it is difficult to exclude individuals who don't pay for the highways from using t
    6·1 answer
  • What is the primary cause of failure for strategic initiatives?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!