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Tamiku [17]
3 years ago
5

Both parties to a valid and enforceable contract must provide consideration. In a contract for the sale and purchase of real est

ate, which of the following depicts the seller's
consideration?
A. A meeting of the minds with the buyer.
B. The option to present a counteroffer.
C. The property to be given up.
D. The money or goods that constitute the purchase price
Business
1 answer:
Wittaler [7]3 years ago
3 0

Answer:

The correct answer is C

Explanation:

The seller consideration is the consideration which is defined as to take the property off the place as well as the market it into the escrow.

For example, if the buyer wants to bought the house, then the buyer will provide an earnest amount of money deposit (it will be the consideration of the buyer), and the seller would agree to sell the home to the buyer (it is the seller consideration).

So, in the agreement of sale and the purchase of the real estate, the seller consideration is to give the property to the buyer.

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vesna_86 [32]
I would say the third sentence. Proper planning and supervision is of utmost importance while catering to the client. I say this because the word diligence means, careful and persistent work or effort. This shows that the work is carefully planned. That's my opinion and not a fact so don't trust this unless my reasoning convinces you.
7 0
3 years ago
Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Of
JulijaS [17]

Answer:

Equivalent unit of conversion = Unit completed and transferred out+Ending WIP*Percent completion

= 15000+(3000*75%)

Equivalent unit of conversion = 17250

Total cost of conversion cost = 4500+32450+18710 = 55660

Cost per equivalent unit of conversion Cost = Total Cost/Equivalent unit = 55660/17250 = 3.23

6 0
3 years ago
Michael receives a monthly salary of $2500 plus a commission of 2% of total orders written. If his orders for the month were $34
Bumek [7]

Answer:

$3,180

Explanation:

Monthly salary would be the base salary = $2500

Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;

Commission = 2% *34000 = $680

His total pay would be calculated by adding the base salary to the commission amount;

Total pay = base salary + commission

Total pay = $2500 + $680

Total pay = $3,180

7 0
3 years ago
Which statement is true? Multiple Choice Some Income Statement accounts are Permanent and some Income Statement accounts are Tem
Cerrena [4.2K]

Answer:

The correct answer is all income statement accounts are temporary

Explanation:

Income statement is that part of financial statement set aside for determining profits or losses made in accounting period.

The main reason for preparing income statement is to arrive at the retained earnings which are later posted to the balance sheet.

All accounts in the income statement are temporary as they do not have balances carried forward at the end of a period unlike balance sheet where assets,liabilities and equity  have opening and closing balances.

It is for the reason that inventory when purchased is first debited to the balance sheet and posted to income statement when the profit is to be determined and also closing inventory is immediately transferred back to the balance sheet.

5 0
3 years ago
Read 2 more answers
A firm practicing group price discrimination that has constant marginal cost will ________.
siniylev [52]

Answer:

C. maximize total profit by maximizing profit for each group separately

Explanation:

Price discrimination is when a seller sells the same quantity and quality of goods and services to different groups of consumers at different prices.

Price is usually set higher than marginal cost for a price discriminator.

I hope my answer helps you.

3 0
3 years ago
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