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Tems11 [23]
3 years ago
13

During the period after a real estate sales contract is signed, but before title actually passes, the status of the contract is

Business
1 answer:
LekaFEV [45]3 years ago
3 0

Question options:

a. voidable

b. executory

c. unilateral

d. implied

Answer:

b. executory

Explanation:

Executory means something that is yet to be finished or concluded so that it becomes valid. An executory contract is in the process of being completed and is therefore considered invalid until it is fully assuredly finished, signed, sealed and delivered.

An executory contract between two parties means contract has been signed but duties promised by either or both parties is yet to be fulfilled and will be done at a later date for contract to be fully executed.

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6 0
3 years ago
The modified internal rate of return is specifically designed to address the problems associated with: Multiple Choice long-term
tatiyna

Answer:

unconventional cash flows.

Explanation:

The modified internal rate of return means that return in which the cash flows that comes positive are again invested at the cost of capital of the firm also the initial investment that should be financed at the financing cost of the firm. It measures the correct cost and profitability in an accurately manner

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4 0
3 years ago
LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The f
Rom4ik [11]

Answer:

See below

Explanation:

a. Estimated ending inventory and cost of goods sold for March

Costs Retail

Beginning inventory $44,000 $66,000

Add:

Net purchases $211,000 $404,000

Less:

Purchase return ($6,000) ($8,000)

Freight in $21,396 $0

Net markups $0 $6,200

Goods available for sale $270,396 $468,200

Less:

Net mark down $0 ($3,900)

Goods available for sale( after markup) $270,396 $464,300

b. Cost to retail percentage using average cost method

= [(Goods available for sale at cost(after markup / Goods available for sale at retail (after markup) ] × 100

= [($270,396 / $464,300)] × 100

= 58.24%

8 0
3 years ago
Which pricing policy do you think would be best suited for a small business introducing a new line of clothing and accessories?
EastWind [94]

Answer:

I think that a small business introducing a new line of clothing and accessories should use the penetration pricing policy. The penetration pricing policy prices their products very low to start out with to try and distract competitors from there competition and towards them.

Explanation:

Hope that helps!

4 0
3 years ago
80 points! Please help!! You have been invited to give a speech at a local restaurant. The person who is hosting the event has a
lesya [120]

Answer:

I would think about what I could use to get my audiences attention and something that would be interesting for everyone so that everyone can learn something.

Explanation:

5 0
3 years ago
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