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Nostrana [21]
3 years ago
14

Zook company is a wholesaler that buys footballs and then sells them to other businesses, such as sports authority and target. t

he company is independent of the manufacturer it buys from and it takes possession of the footballs. in addition to storing the inventory, the company provides financing services to the retailers. however, it does not provide any feedback from the retailers to the manufacturers. what type of wholesaler is zook company?
Business
1 answer:
Misha Larkins [42]3 years ago
5 0
Based on the given information above about the Zook Company which is a wholesaler company, the type of wholesaler that it falls into is in the JOBBER. It is classified as a jobber since the Zook company only has a limited merchandise as well as their functions are limited too. In addition, they do not give any feedback to the manufacturers from the retailers.
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Nancy sold her personal residence on June 30 of this year under an agreement in which the real estate taxes were not prorated be
meriva

Incomplete question. Here's the full question:

<em>Nancy paid the following taxes during the year: </em>

<em>Tax on residence (for the period from March 1 through August 31) =$5,250</em>

<em>State motor vehicle tax (based on the value of the personal use automobile) =$430</em>

<em>State sales tax =$3,500</em>

<em>State income tax =$3,050</em>

<em>Nancy sold her personal residence on June 30 of this year under an agreement in which the real estate taxes were not prorated between the buyer and the seller.</em> What amount qualifies as a deduction from AGI for Nancy? a. $9,180b. $9,130c. $7,382d. $5,382 e. None of the above

Answer:

<u>c. $7,328</u>

Explanation:

Remember, Nancy <em>transferred</em> ownership of her personal residence on June 30, but she received tax on residence for 2 extra months (July and August).

The amount that qualifies for tax deduction therefore is;

121 days (Four months of her stay) / 184 days (six months period) × $5,250

+

$430

+

$3,500] = $7,382.

She likely deducts from the state sales tax with a higher amount than from the state income tax.

4 0
3 years ago
An agent does not like another broker and refuses to present his offers. The agent's employing broker notices he does a good job
Ivan

Answer:

Not ok and both broker and agent can be in trouble for lack of supervision

Explanation:

Based on the information provided within the question it can be said that this situation is not ok and both broker and agent can be in trouble for lack of supervision . This is because the agent and the employing broker are obligated to put the client's interests first and have no authority to withhold any offers from the client. That being said the employing broker also has the responsibility of supervising the employees and making sure that personal views do not affect the business decisions.

6 0
3 years ago
Which language is the most common for worldwide trade and business?
Brrunno [24]
I Think English is the most common Language for worldwide trade and business

8 0
3 years ago
Read 2 more answers
Preferences are characterized generally by: A. income. B. consumption bundles. C. indifference curves. D. budget constraints.
damaskus [11]

Answer:

B. consumption bundles

Explanation:

Customer preference is defined as the likes and dislikes that a customer has that determines his choice in making purchases.

For exams a customer may want to buy shoes that are black in colour, but shoes that are yellow in colour are ignored.

Preferences of buyers are independent not prices and income level.

Rather it is dependent on consumption bundle. That is the set of goods that will give highest satisfaction to the buyer.

4 0
3 years ago
On January 1, 2021, Hoosier Company purchased $940,000 of 10% bonds at face value. The bond market value was $985,000 on Decembe
qaws [65]

Answer:

1.

Dr Bonds 940,000

Cr Cash 940,000

Dr Fair Value adjustment 45,000

Cr Net Unrealized holding gains & losses 45,000

2.

Dr Fair Value adjustment 45,000

Cr Net Unrealized holding gains & Losses 45,000

3.

Dr Investment in bonds 985,000

Cr Discount on bond investment 45,000

Cr Cash 940,000

Explanation:

Hoosier Company Journal entries

1.

Dr Bonds 940,000

Cr Cash 940,000

Dr Fair Value adjustment 45,000

($985,000-$940,000)

Cr Net Unrealized holding gains & losses 45,000

2.

Dr Fair Value adjustment 45,000

Cr Net Unrealized holding gains & Losses 45,000

3.

Dr Investment in bonds 985,000

Cr Discount on bond investment 45,000

Cr Cash 940,000

8 0
3 years ago
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