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Burka [1]
2 years ago
14

Seller Kim tells her agent Greg that she would be willing to accept $185,000 on her $205,000 listed home. There are no offers on

the property during the 6-month listing period and the listing expires. Several weeks later when showing another home to a buyer, Greg mentions that Kim would have accepted less for her home. Which is true?
Business
1 answer:
Luba_88 [7]2 years ago
4 0

Answer:

<em>Confidentiality duty to Kim has been violated by Greg</em>.

Explanation:

Remember Greg is acting as agent or real estate agent to Kim.

According to law he owed a duty of confidentiality to Kim which involves not disclosing any information of benefit which he may have gotten from his client (Kim) to third parties (buyers) without permission from Kim.

Therefore, Greg was not suppose to mention that Kim would have accepted less for her home.

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Congress adopted a law to provide insurance to protect wheat farmers. The agency in charge of the program adopted regulations to
Zinaida [17]

Answer:

She is bound by the regulations.

Explanation:

It is Mary's duty to know if the insurance regulations published in the Federal Register have been adopted by Congress.  The purpose of using the Federal Register is to inform US citizens of all pending legislations.  The publication in the Federal Register is, therefore, considered as a sufficient legal requirement for compliance with public notices.

7 0
3 years ago
The following events took place at a manufacturing company for the current year: (1) Purchased $95,000 in direct materials. (2)
raketka [301]

Answer: B. Work-In-Process Inventory XXX Wages Payable XXX

Explanation:

The method of accounting for Direct labor during production is to apportion it to Work in Process inventory because as a direct cost, it should form a part of the cost of producing the good.

The Work in Process Inventory will therefore be debited to reflect an increase and the Wages Payable will be credited to reflect that the wages are a liability owed to workers.

5 0
2 years ago
An apparel manufacturing plant has estimated the variable cost to be $2.40 per unit. Fixed costs are $2,000,000 per year. Forty
marta [7]

Answer:

BEP units:          42,017

BEP dollars: 2,100,850

unit cost at 100,000 units produced: 22.40 dollars

operating profit :    1,656,000

Explanation:

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

50 - 2.4 = 47.6 contirbution margin per unit

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

2,000,000/47.6 = 42.016,80 BEP units

BEP units x sales price = BEP dollars

42,017 x 50 = 2,100,850

(B)

fixed cosy/ units produced = fixed cost per unit

2,000,000/ 100,000 = 20 fixed cost per unit

fixed cost + variable cost = total cost

20 + 2.40 = 22.4

(C)

There are 40% units sold at the preferred customer at cost

So we sale at gain only 60% of the units:

100,000 units x 60% x 50       =  3,000,000

100,000 units x 40% x 22.40  =     896,000

Total revenue                              3,896,000

Cost: 100,000 x 22.40          <u>     (2,240,000)  </u>

operating profit                            1,656,000

4 0
3 years ago
When budgeting for your immediate needs, you should divide them into what two categories of expenses
Usimov [2.4K]
Fixed expenses and flexible expenses or Discretionary expenses
5 0
3 years ago
Read 2 more answers
Can someone help pick 1, 2,or 3 ?
ollegr [7]

Answer:

2no I think you are confused so

8 0
2 years ago
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