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
enyata [817]
3 years ago
7

A salesperson shows his broker an offer for one of his listings that has a good faith deposit in the form of a promissory note.

The broker should tell the salesperson that: Group of answer choices
Business
1 answer:
12345 [234]3 years ago
8 0

Answer:

The seller must be informed when the offer is presented that the depositis a promissory note

Explanation:

A good faith deposit is one that is done by a buyer in which conditions are stated that could result in the loss of deposit by the buyer.

It is a deposit made by the buyer to show he intends to complete the payment later.

In this instance if there is a Goodwill deposit in form of a promissory note, the broker needs to be aware.

So that when he is bringing in a client he will consider the already existing deposit.

Deals that offer more deposit or full payment will be considered and the original buyer discarded.

You might be interested in
Riverbed Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7,280, Land $49
Rzqust [24]

Answer:

Explanation:

Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

The debit and credit side of the balance sheet should always be equal and balanced.  

Moreover, it always is prepared on the specified date.

The land is a fixed asset and patents is an intangible asset. Thus these items would not come in the current asset section

The preparation of the current assets section of the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

5 0
3 years ago
Whispering Winds Corp. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Operating expenses
garri49 [273]

Answer:

<h2>                Whispering Winds Corp.</h2>

              Statement of Cash Flows (Indirect Method) 2017

Cash flow from operating activities:

net income                                             $161,100

Adjustments to reconcile net income:

+ depreciation expense                         $40,160

+ loss on sale of equipment                   $2,020

Change in current assets:

- increase in accounts receivable      ($40,050)

- increase in inventory                         ($44,310)

+ increase in prepaid expenses             $1,980

Change in current liabilities:

+ increase in accounts payable             $2,580

- decrease in accrued exp. payable   ($10,070)

Net cash provided by operating activities $113,410

Cash flow from investing activities:

purchase of new equipment              ($164,450)

sale of old equipment                           $33,650

Net cash provided by investing activities ($130,800)

Cash flow from financing activities:

Proceeds from issue of new stocks     $171,150

- redemption of bonds                         ($49,180)

- dividends paid                                   ($85,680)

Net cash provided by financing activities $36,290

                          <u>Net increase in cash $18,900</u>

4 0
3 years ago
Suppose two cities are considering tearing down their stadiums to build new ones. In one city, the old stadium cost $5 million t
timofeeve [1]

Answer:

These are the options for the question:

A. They should be more willing to tear down the $5 million stadium, because it cost less to build.

B. They should be more willing to tear down the $50 million stadium, because it cost more to build.

C. The cost to build the old stadium shouldn’t be considered.

And this is the correct answer:

A. They should be more willing to tear down the $5 million stadium, because it cost less to build.

Explanation:

City A will likely be more willing to tear down its old stadium because it costed $5 million to build. City B, on the other hand, will have to think twice because a stadium that costed $50 billion to build could have more value than it seems, or the City could simply not have enough money to build a better new stadium (something that would probably cost more than $50 billion to do).

4 0
3 years ago
Read 2 more answers
The Accumulated Earnings column of the employee earnings record (A) shows net pay for the year. (B) is the total earnings since
sammy [17]

Answer:

c

Explanation:

7 0
3 years ago
What should the body of a cover letter include
Sedaia [141]

Answer:

<em>(1) Specific information on why you want that job</em>

<em>(2) Your knowledge on that position</em>

<em>(3) Describe what you have to offer to the employer</em>

<em>(4) Your qualifications</em>

<em>(5) The position you're applying for</em>

8 0
3 years ago
Other questions:
  • Builtrite has two bond issues outstanding(sold two separate groups of bonds over the years). One issue has a 7 year maturity and
    8·1 answer
  • ________ can be thought of as the effective rules of the game, the boundaries between competitive and unethical behavior, and th
    5·1 answer
  • I am Stuck Please Help
    9·1 answer
  • Mistakes in contracts may be classified as __________. void and voidable enforceable and voidable unilateral and void mutual and
    13·1 answer
  • Petty Cash is easily misappropriated if business processes and internal controls are not established and enforced. Provide and e
    8·1 answer
  • An investment banker agrees to a best efforts offering of 2.5 million shares of Crew stock. The offer price is set at $35 per sh
    14·1 answer
  • Duerr company makes a $75,000, 60-day, 11% cash loan to Ryan Co. The maturity value of the loan is: (Use 360 days a year.)
    8·1 answer
  • Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to
    15·1 answer
  • When a transaction is journalized, which account is listed first?.
    13·1 answer
  • Quick assets (cash, short-term investments, and current receivables) divided by current liabilities is the: Multiple Choice Curr
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!