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
harina [27]
4 years ago
6

Justin hires Miguel to sell his baseball glove for $560. As part of their contract, Justin will pay him $100 to conduct the sale

. Justin is a _______________________. Group of answer choices
Business
1 answer:
Nonamiya [84]4 years ago
3 0

Answer: Factee

Explanation:

This is a factorage transaction in which Justin will pay Miguel to act as an intermediary who will sell the baseball glove and receive a commission. That commission is known as a Factorage.

In a Factorage transaction, the intermediary being paid to sell the product is considered to be the Factor and the person who will pay for the product to be sold is the Factee. Justin in this scenario is paying for the baseball glove to be sold and so is the Factee.

You might be interested in
Fuel Connector Products, Inc., agrees to sell Go-Flo, Inc., a certain quantity of hose couplings and fittings, but the contract
yanalaym [24]

Answer: a) Fuel Connector's place of business.

Explanation:

Since Go-Flo is expected to pick up the goods from Fuel Connector Products, Inc., therefore, Go-Flo should pick up the the hose couplings and fittings from Fuel Connector's office. Also, since the contract does not specify a place so its only logical that Go-Flo would have to go to Fuel Connector's place of business.

5 0
3 years ago
You just won the Powerball and are offered two payment options: 1) Receiving $80 million per year for 25 years beginning at next
laila [671]

Answer: $80 million per year for 25 years

Explanation:

The option you should choose is one that will guarantee you the highest present value.

This means that you need to discount the annual payment of $80 million per year for 25 years to find the present value. As you did not include a rate, we shall assume a rate of 8% for reference purposes.

The annual payment is an annuity so the present value can be calculated by:

Present value of annuity = Annuity payment * Present value interest factor, rate, no. of years

= 80,000,000 * Present value interest factor, 8%, 25 years

= 80,000,000 * 10.6748

= $‭853,984,000‬

<em>The present value of the annual payment is more than the present value of the $850 million received today so the Annual payment should be taken. </em>

7 0
3 years ago
Sam and Talib are reselling their home. If they’re the typical sellers, how much should they expect to pay in transaction costs
iren2701 [21]

6000 to 14000 dollars is the amount that te should both expect to be the transaction cost of selling their home.

<h3>What is the cost of selling a home?</h3>

Several costs usually arises due to the fact that a person wants to sell the home that they own.

One of the costs is the commission fees that these sellers usually pay. The commission fees is usually 5 to 6 percent of the cost of sale.

Read more on commission fees here:

brainly.com/question/24951536

7 0
3 years ago
On January 1, 2021, Kat Corp. granted an employee an option to purchase 60,000 shares of Kat's $5 par common stock at $20 per sh
Andreyy89

Answer:

b. $ 240,000

Explanation:

Calculation for what Kat should recognize as compensation expenses

Using this formula

Compensation expenses= (Purchase shares ×Value of options)/ Years of Service

Let plug in the formula

Compensation expenses=(60,000 shares

x $8 per option) / 2 years of service

Compensation expenses=480,00/2 years of service

Compensation expenses= = 240,000

Therefore what Kat should recognize as compensation expenses is 240,000

4 0
3 years ago
During the credit crisis of 2008, investors around the world were fearful about the collapse of real estate markets, shaky stock
Aleksandr-060686 [28]

The statement in this question is true.

Answer: Option A.

<u>Explanation:</u>

With the collapse in the real estate markets, in the collapse of the stock markets or the illiquidity of the securities in the United States of America, the demand for the treasury bonds of the country increased because people wanted to have some kind of investment and security in their hands.

But with the increase in the demand of these bonds of the country, there led to an increase in the price of the bond because the demand was more and the supply was less of these bonds. As a result of this the yield to be recovered from these bonds reduced.

7 0
3 years ago
Other questions:
  • Sheffield Corp. has outstanding accounts receivable totaling $6.46 million as of December 31 and sales on credit during the year
    8·1 answer
  • Establishing a 1%/10 Net 30 term would be considered a benefit to a favorite customer and should typically be offered after they
    8·1 answer
  • Firms that have selected a related diversification corporate-level strategy seek to exploit: a. market power. b. control shared
    9·1 answer
  • Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction
    13·1 answer
  • Compute the takt time for a system where the total time per shift is 370 minutes, there is one shift, and workers are given 3 11
    15·1 answer
  • Innovation takes dedicated effort and resources, and organizations that are successful at it tend to be set up in ways that natu
    14·1 answer
  • In order to help decide when and where to advertise, an appliance repair company decided to pull invoices and tally what types o
    11·1 answer
  • an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract​
    12·1 answer
  • In the case Blockchain Technology in Action: Walmart and Alibaba. Walmart is using Blockchain technology to improve what piece o
    9·1 answer
  • On July 1, Kingbird, Inc. purchases 570 shares of its $5 par value common stock for the treasury at a cash price of $12 per shar
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!