The listing associate should present the offer to the seller as a potential backup offer for further negotiation.
<h3>
Who is a seller?</h3>
- A seller is any person or company who sells a product, service, or financial asset.
- Short selling is the practice of borrowing securities that are not held in order to sell them and then repurchase them at a reduced price.
- A "writer" is a seller of options who collects the premium from the buyer.
<h3>What is an offer?</h3>
- In exchange for something else, a commitment to do or refrain from doing something.
- An offer must be worded and delivered in such a way that a reasonable person would expect its acceptance to result in a binding contract.
Therefore, the listing associate should present the offer to the seller as a potential backup offer for further negotiation.
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The statement that the percent sales method for estimating bad debts for a company, will only use those balances in the income statement is False.
<h3>What is the percent of sales method?</h3>
The percent of sales method is one of the methods that companies can use to estimate the bad debts that it expects in a given period. Bad debts refer to those Account Receivables that will not pay the company back even after they have taken goods or services on credit. In order to be able to use the percent of sales method, the sales of a company need to be known.
The sales that a company makes includes both the sales that the company made and the accounts receivable. The Accounts Receivables go to the Balance Sheet and Sales go to the Income Statement. This means that the Balance Sheet balances are used as well as Income Statement balances and not just the latter.
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Answer: D. debit to Payroll Tax Expense of $26,950.
Explanation:
We should note that the payroll tax expense will consist of the federal unemployment tax, the state unemployment tax and the FICA taxes. This will then be:
= 3500 + 1750 + 21700
= 26950
Therefore, the journal entry to record the monthly Payroll Tax Expense would include debit to Payroll Tax Expense of $26,950.
Answer: $5 billion
Explanation:
First find the spending multiplier which is a multiplier that shows how Aggregate demand increases as a result of additional spending.
Multiplier = 1 / (1 - Marginal propensity to consume)
= 1 / ( 1 - 0.8)
= 5
If the government wants to raise Aggregate demand by $25 billion, they should spend:
Increase in AD = Amount * Multiplier
25 billion = Amount * 5
Amount = 25 / 5
= $5 billion
