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3 years ago

12

If a seller's agent or subagent has been informed of a latent defect in the property and the seller on the property disclosure s

tatement checks "No Representation" and the agent fails to inform the buyer of the defect who is liable?

1 answer:

Alexus [3.1K]3 years ago

6 0

Answer:

The seller's agent is the correct answer.

Explanation:

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Effect of Inventory Errors During the taking of its physical inventory on December 31, 20Y3, Sellers Company incorrectly counted

Illusion [34]

Answer:

Cost of goods sold = overstated : $24,265

Current assets = understated : $24,265

Gross profit = understated : $24,265

Inventory = understated : $24,265

Net income = understated : $24,265

Stockholders' equity = understated : $24,265

Total assets = understated : $24,265

Explanation:

Inventory was understated by $24,265 ($327,560 - $303,295). Since inventory is an Asset, also it is a Income Statement element and consequently affects Retained Earnings (Distributions to Shareholders) , the effect is shown above.

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3 years ago

The service profit chain is the service sequence from employees to customers to profit. According to this concept, the company's

Serga [27]

Answer:

Explanation:

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3 years ago

The competitive firm's supply curve is equal to A. the portion of its marginal cost curve that lies on and above AFC. B. its mar

grandymaker [24]

Answer:

a. the portion of its marginal cost curve that lies above the AVC

Explanation:

In short run, a perfectly competitive produces as long as its price is above its AVC, so revenues can cover total variable cost. If price is below AVC, the firm has to shut down. Since such a firm maximizes profit by equating Price with MC, this condition means that firm's supply curve is its MC curve lying above the (minimum point of) AVC curve.

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3 years ago

The abrupt end of long distance cattle drives in 1885 was primarily due toa. the development of railroad cars that could haul ca

vladimir1956 [14]

Answer:

a. the development of railroad cars that could haul cattle.

Explanation:

The abrupt end of long distance cattle drives in 1885 was primarily due to the development of railroad cars that could haul cattle.

It was the advent of expanding rail road lines that terminated the cattle drive through Kansas because the end points of the cattle trail shifted to meet expanding railroad lines.

It was logical that as the railroads expanded to meet the cattle drive, one had to give way to the other because cattle do stray and trains could haul cattle

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3 years ago

Tickets Now contracts with the producer of Riverdance to sell tickets online. Tickets Now charges each customer a fee of $4 per

gogolik [260]

Answer:

$14

Explanation:

Fee from customers = $4

Fee from producer = $10

Total Fee income received = 10+4 = $14

$14 should be recognized as income for each Riverdance ticket sold.

Ticket Now has sold the ticket (which is assumed to be nonrefundable) and it has performed what is required (to sale the tickets), so recognize the revenue of $14.

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3 years ago