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ch4aika [34]
3 years ago
14

A broker representing the seller has taken a listing on a property at a price of $400,000. The broker showed the property to a p

otential buyer and the buyer made an offer of $375,000, but told the broker that he/she would pay the full $400.000 if necessary. The broker should tell the seller:
Business
1 answer:
lidiya [134]3 years ago
8 0

<u>In the case mentioned in the question the seller's broker violated their fiduciary obligation to the seller because they have acted in excess /beyond  their authority</u>

<u></u>

Explanation:

A broker who is  representing the seller has taken a listing on a property at a price of $400,000. The broker showed the property to a potential buyer and the buyer made an offer of $375,000, but told the broker that he/she would pay the full $400,000 if necessary.

After analysis the below mentioned statement from the  question we can view the following facts

  • The price of the property is $400,000
  • The broker on belhalf of the seller agrees to sell the property to the buyer at $375,000 which is less than the listing price of the property .

Hence we can say that <u>the seller's broker violated their fiduciary obligation to the seller because they have acted in excess /beyond  their authority</u>

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All of the following costs are likely to decrease as a result of better quality EXCEPT: a. customer dissatisfaction costs. b. in
Margaret [11]

Answer:

The correct answer is letter "E": maintenance costs.

Explanation:

As a result of improving products' quality, maintenance costs tend to rise. This scenario arises because the materials or knowledge necessary to improve the quality of the products tend to come with higher prices that companies are pushes to incur to keep customer satisfaction at its maximum level possible.

5 0
3 years ago
Fair use allows individuals to break copyright so long as they ________.
natali 33 [55]
Fair use allows individuals to break copyright so long as they<span> B. c</span><span>an prove they are not infringing on copyright.
Plagiarizing is a serious offense as you are stealing other people's intellectual property - this is why it should be avoided unless it is necessary to do it. In these cases, if you can prove that no harm will be done to the owner, you can use their material without their consent.</span>
4 0
4 years ago
By identifying and investing early in a potential future economic star, international firms can ________ and gain experience in
beks73 [17]

Answer:

build brand loyalty

Explanation:

The companies could develop the brand loyalty via a deep understanding of the customer priorities and their buying behavior also it aligned what they stand. Here the effective brand would create the strong and creative identity  that can the customer can related also this identity would remain the same over the time period

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7 0
3 years ago
(6) Erik receives an eight-year annuity-immediate with monthly payments. The first payment is $300 and payments increase by $6 e
Tamiku [17]

Answer:

  • <u>$70,264.03</u>

Explanation:

You need to calculate the value of 8 × 12 = 96 different cash flows.

There is not a formula to calculate that, because the<em> $6 dollar increase</em> does not represent growing with a constant rate.

The monthly payments are:

Month            payment ($)

0 (today)             300

1                           306

2                          312

3                          318

n                          306 + 6 (n-1)

96 (last)               876

Then you must create a spreadsheet with these features:

  • Five columns
  • First column is the month, and starts with month 0 (today)
  • Second column is the initial balance, the first balance is 0
  • Third column is the interest: it is calculated as the monthly interest by the initial balance. The monthly interest is 6%/12 = 0.06/12 = 0.005
  • Fourth column is the amount deposited: for month zero it is $300, and every month you add $6.
  • Fith column is the final balance: it is the sum of the initial balance (second column) + interest (third column) + deposit (fourth colum)
  • 96 rows: 8 years × 12months/year = 96 months.
  • The initial balance of each row is equal to the final balance of the previous row.

Here a sample of the first three rows:

Month  Initial balance  Interest                    Deposit     Final balance

 0                  0                   0                          300          300

 1                 300             300×0.005 = 1.5    306          607.5

 2                607.5          607.5×0.005           312          922.54

When you do it up to the row 96, the final balance is <em>the balance in the acccount at the end of the eight years</em>.

The last row of your spreadsheet will show:

96           69,042.81      345.21                    876         70,264.03

Thus, <em>the balance at the end of eight years will be $70,264.03</em>

7 0
3 years ago
Prepaid Rent. On September 1 of the current year, the company prepaid $44,400 for two years of rent for facilities being occupie
bezimeni [28]

Explanation:

The computation is shown below:

a. The current account balance equal to $44,400

b. The current account balance equal to

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We assume the books are closed on December 31

So, the current account balance is

= $44,400 - $7,400

= $37,000

The $7,400 is come from

= $44,400 × 4 months ÷ 24 months

= $7,400

c. And, the adjusting entry is

Rent expense A/c Dr $7,400

            To Prepaid rent A/c $7,400

(Being rent expense is recorded)

8 0
3 years ago
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