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dalvyx [7]
3 years ago
15

A sale contract stipulates that a buyer is to pay the seller's title insurance expenses. This practice is not customary in the a

rea. In this case,A. the buyer and seller must amend the contract before closing.B. the contract is voidable, since the seller must pay the expense.C. the buyer may pay or not pay the expense, at his or her option.D. the buyer must pay the expense.
Business
1 answer:
serious [3.7K]3 years ago
6 0

Answer:

D. the buyer must pay the expense.

Explanation:

Whenever a contract is prepared for a sale of any real estate transaction then both the parties are binding towards the contract. As that is signed by both of them which creates a legal right to get the action done from each other.

Here ,in the contract it is clearly mentioned that the buyer is responsible for the title insurance expense.

This clearly provides the right to the seller to validate such right and ask the buyer to pay for the expenses of the insurance.

Thus, the buyer in the given instance must pay the expense of the insurance.

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Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mac
kirill115 [55]

Answer:

The variable overhead rate variance for the month is $2,548 favorable

Explanation:

In this question, we use the formula of the variable overhead rate variance which is shown below:

= Actual level of activity × (Standard rate - Actual rate  )

= 9,100 × ($7.60 - $7.32)

= 9,100 × 0.28

= $2,548 favorable

The actual rate is not given in the question, so we have to compute by using the formula which is given below:

= Actual total variable manufacturing overhead ÷ Actual level of activity

= $66,600 ÷ 9,100

= $7.32

Hence, the variable overhead rate variance for the month is $2,548 favorable

6 0
3 years ago
2. In what ways are the following three initial assessment methods similar and in what ways are they different: application blan
konstantin123 [22]

Answer:

Selection stands for the initial assessment of a candidate in an organization before he is offered a job. In includes several steps like the organization details the KSAOs (Knowledge, Skills, Abilities, and other criteria) required for the job; evaluation of a candidate over those criteria; and making an offer to the selected candidate.

Initial assessment methods stand for the starting ways through a candidate or an applicant is screened and shortlisted by the organization which includes ways like- application blanks, biographical information, and reference and background check. These three initial assessment methods are similar to each other in a way that when an organization starts its selection procedure, it reviews the applications of the candidates who all have applied for the particular position in the organization; after the screening and verification of the application form, the organization checks the biographical information of the candidate which becomes a part of application form; and finally the organization conducts a reference and background check to ensure that the candidate has given complete and true information and has not been involve din criminal or unethical actions in his past.

On the other hand, the differences in the three initial assessment methods- application blanks, biographical information, and reference and background check could be that in application blank, the candidate has to furnish his background and work experience details; while in biographical information, the organization checks and verifies it with the details furnished by the candidate in the application form; and when it comes to reference and background check, the organization performs thorough background check of the candidate before offering job to him. This way the three initial assessment methods are similar and different from each other.

Explanation:

6 0
3 years ago
Which savings account can a financial institution end?
Elan Coil [88]
Callable Certificate of Deposit is a type of savings account that a financial institution can terminate.
6 0
3 years ago
He vertical hierarchy is also known as _____.
wolverine [178]
Another term for the word "vertical hierarchy" is "the chain of command." A vertical hierarchy is an organisational structure that looks like a pyramid. Located at the topmost portion of this "pyramid" are the executives of a company, and below it are the supervisors in different departments and divisions.
3 0
3 years ago
Dave has $100,000 to invest in 10 mutual fund alternatives with the following restrictions. For diversification, no more than $2
Over [174]

Answer:

Check the explanation

Explanation:

Let the binary variables be: x1,x2,x3.....x10. If x1=0, no amount is invested in fund 1 and if it is 1 it means that an amount is invested. Let y1,y2.....y 10 be the variables for the amount invested.

Kindly check the first attached image for the table.

The objective is to maximize the return. Hence our objective function is: 6.7%*y1+7.65%*y2+7.55%*y3+7.45%*y4+7.5%*y5+6.45%*y6+7.05%*y7+6.9%*y8+5.2%*y9+5.9%*y10. This has to be maximized.

Constraints:

(i) y1,y2.....y10<=25,000 (no more than $25,000 can be invested in any one fund)

(ii) If x1=1, y1>=10,000, 0. This what if formula will be applicable for all the variables. (If a fund is chosen for investment, then at least $10,000 will be invested in it).

(iii) x1+x2+x3+x4<=2 (No more than two of the funds can be pure growth funds)

(iv) y9+y10>=y1+y2+y3+y4 (at least as much as the amount invested in pure amount invested in pure bond funds must be at least as much as the amount invested in pure growth funds)

(v) all x's are binary and all y's>=0. (vi) y1+y2+y3+y4....y10 = 100,000 (amount to be invested)

Solving in excel using the solver function the following solution is obtained:

Kindly check the second attached image for the table.

Thus the maximum return = $7056.25

Amount invested in different funds are:

Kindly check the Third attached image for the table.

4 0
3 years ago
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