Answer: Seller has right to use proceeds to settle the loan.
Explanation:
The Seller has the right to use the proceeds from the sale of a house to settle debt and this is what this seller is offering. The seller also suggests an escrow account which would significantly reduce the risk of default by the seller after being paid.
The seller can argue this in court and have a fair chance of winning because they fully disclosed the fact of the loan to the buyer and told the buyer how they planned to settle it, method which they had the right to use when settling debt of this nature.
Answer: $3865.8
Explanation:
The formula to find the simple interest is given by :-
, where P is the initial amount deposited , r is the rate of interest in decimal and t is the time period in years.
Given : P= $1700 ; r= 9.8%=0.098 ; t=13 years
Then , the simple interest earned in 13 years will be :-
Now, the combined amount = P+I =$1700+$2165.8= $3865.8
Hence, the credit union would owe Heather $3865.8 in 13 years.
Option d is correct. To be enforceable, the contract should be in writing and identify the quantity.
All contracts must be in writing to be enforceable under the Statute of Frauds. If the contract makes performance conceivable within any specific time frame, it must be in writing to be enforceable. Any agreement concerning property must be in writing in order to be upheld.
An anticipatory repudiation is seen as a significant contract breach when it takes place.
A second agreement that satisfies the legal requirements for a contract must be made by the parties in order to rescind an earlier agreement. Through novation, a contractual obligation cannot be released.
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Answer:
D) $107.15
Explanation:
T<em>he amount of overhead to be assigned to concrete seahorse can be determined by multiplying the activity overheard rate by the amount of cost drivers consumed by the sea horse.</em>
This will be done as follow:
Machine cost = 1300× 40 =52000
Set -up cost = 6 × 2800 =16800
Inspection cost = 60×30 =1800
<em>Total overheard</em> = 52000+16800+1800= 70600
<em>Overhead cost per seahorse</em> = 70,600/ 2600= 27.153
The total cost per seahorse = Direct material and labour cost + overhead
= $80 + $27.15=$107.15
Amount assigned to a seahorse=$107.15
Set -
True
<h3>
What do you mean by balance sheet?</h3>
The term "balance sheet" refers to a financial statement that details the assets, liabilities, and shareholder equity of a business at a specific point in time. Balance sheets serve as the basis for estimating a company's capital structure and computing investor return rates.
A financial statement called a balance sheet provides a brief summary of a company's assets, liabilities, and shareholder investment. Balance sheets can be used in combination with other important financial data when doing basic analysis or computing financial ratios.
MAIN LESSONS
A balance sheet, which is a financial statement, lists the assets, liabilities, and shareholder equity of an organization.
one of the three main financial accounts that are examined when evaluating a company
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