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3 years ago

If nothing is stated to the contrary in terms of an auction, an auction is presumed to be ________.

Business

1 answer:

KATRIN_1 [288]3 years ago

3 0

Answer: with reserve

Explanation: If nothing is stated to the contrary in terms of an auction,an auction is presumed to be ________.

A)non-binding

B)a quasi-contract

C)without reserve

D)with reserve

E)an implied-in-law contract

An auction is presumed to be with reserve if nothing is stated to the contrary (in terms of an auction). What this means is that the seller is merely expressing or showing his intent to receive offers. In contrast, however, if an auction is without reserve, the lowest bid must be accepted by the auctioneer but if it is with reserve, the auctioneer may refuse to sell the item if he is not satisfied with the size of the highest bid.

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The Fortunato Corp.'s inventory at Dec 31, 2018, was $325,000 based on a physical count priced at cost, and before any necessary

AleksandrR [38]

Answer:

$405,000

Explanation:

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Inventory on December 31,2018 $325,000

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3 years ago

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3 years ago

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Afina-wow [57]

Answer:

B) channel funds directly from lenders to borrowers.

Explanation:

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3 years ago

Kasravi Co. had net income for 2018 of $800,000. The average number of shares outstanding for the period was 300,000 shares. The

navik [9.2K]

Answer: $2.64

Explanation:

Based on the information given in the question, the outstanding diluted share will be calculated as:

= 300,000 + 15000(5/30)

= 300000 + 15000(0.16667)

= 300000 + 2500

= 302500

The amount that Kasravi Co. should report for diluted earnings per share for the year ended 2018 will be calculated as:

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= $800,000 / 302,500

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3 years ago

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dimulka [17.4K]

Answer:

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