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Brums [2.3K]
3 years ago
10

A buyer made an offer to purchase a property. The owner responded with a counteroffer. While the buyer was reviewing the counter

offer, the owner received a better offer. The owner can accept the second offer if:
Business
1 answer:
Jlenok [28]3 years ago
8 0

Answer:

He withdraws counteroffer before it is accepted by the buyer.

Explanation:

Offer is  a formal acceptance by a person to either purchase or sell a property or thing available or put for sale. A counteroffer is made by the other party by rejecting the offer made by the offeror and putting forth another offer before the offeror.

A counteroffer if accepted by the offeror stands valid and the offeree cannot revoke it. However, he may revoke it before the offeror accepts the counteroffer.

In this case, the owner can accept the better offer if the offeror has not accepted the counteroffer.

You might be interested in
A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members.
Ad libitum [116K]

The main problem with this team seems to be centered around differences in the formality of structure.

Cross-functional Work Team

This type of work team happens when individuals or groups of different functions come together to work together towards a common goal. This can either be done by two or more team leads to take the initiative or if there is a certain company project where employees of specific skills are required from different departments to do the job.

Problems with Cross-functional Team

There are certain problems faced when working in cross-functional teams. One of which is time management, where the team must meet up to manage the project and to discuss its further development. In the given question "time orientation" this certainly is not the main problem.

Another important factor is that employee success is based on goals and objectives. In doing so, the individual becomes more focused on their personal goals and loses sight of what is more important to prioritize, which is the company as a whole. Of course, this means that neither the interpersonal nor the goal orientation is the main problem arising between the team.

Finally, when more individuals come together to form a team, there is a chance that there might be dominating personalities in the group. This would cause difficulties among the group unless a leader is determined to manage the team. Now, this is the main problem here, as there is no formality of structure defined. Resulting in the dispute between managers and scientists. To avoid any further dispute formal structure must be laid out and a leader should be appointed amongst them.

Learn more on cross-functional team here: brainly.com/question/1490525

5 0
2 years ago
BlendIn, Inc. makes protective covers for small kitchen appliances. The firm currently produces six models, each of which is red
Softa [21]

Answer:

Activity-based costing system using multiple basis for allocation

Explanation:

Activity - based costing -

It is a costing method which allocates the indirect and overhead costs for the goods and services , is known as Activity - based costing .

This method helps to determine the relationship between the overhead activities and cost , and the products manufactured , via allocating the indirect costs to the product less randomly than the normal costing method .

hence , from the question information ,

The type of overhead costing system most appropriate for the Blendln is Activity-based costing system using multiple basis for allocation .

7 0
3 years ago
Brendon Walsh wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.
mr_godi [17]

Answer:

38,000

explanation:

take 30,00+1,800(interest paid)=$38,000 (yearly payment)

4 0
3 years ago
Tobin Supplies Company expects sales next year to be $520,000. Inventory and accounts receivable will increase $90,000 to accomm
elena-s [515]

Answer:

$17,200

Explanation:

Calculation to determine How much external financing will Tobin Supplies Company have to seek

Net Income=[$520,000 x 20%]

Net Income = $104,000

Dividend Pay-out= [$104,000 x 30%]

Dividend Pay-out = $31,200

Additions to Retained Earnings = [$104,00 - $31,200]

Additions to Retained Earnings=$72,800

Now let determine the The External Financing Needed using this formula

The External Financing Needed = Increase in Assets – Additions to retained earnings

Let plug in the formula

The External Financing Needed= $90,000 - $72,800

The External Financing Needed= $17,200

Therefore The External Financing Needed is $17,200

7 0
3 years ago
Suppose the price of corn rises from $30 in January to $32 in February to $32.7 in March. What is the March inflation rate
Rzqust [24]
The inflation rate formula is ( CPI2 - CPI1 )
                                            --------------------  x100
                                                    CPI1
CPI2 = Price of the latter date
CPI1 = Price of the earlier date

So the latter price is $32.7 and the earlier is $32 (I'm assuming you mean the inflation from January to February)

Then plug in the numbers ( 32.7 - 32 )
                                          ---------------- x100
                                                 32
32.7 - 32 = .7/32 = .021875 x 100 = 2.1875

Which means the answer would be if you round 2.2%

3 0
3 years ago
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