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vivado [14]
3 years ago
14

In the sale of a business, if the requirements of the Uniform Commercial Code are not

Business
1 answer:
alina1380 [7]3 years ago
5 0

If the requirements of the Uniform Commercial Code are not  followed, the party that is most probable to suffer the highest injury is the buyer

The UCC comprised of rules that applied for the following contracts:

  • Sale of goods
  • Goods leasing
  • negotiable instruments
  • banking transactions
  • letter of credit
  • investment securities
  • transactions that are secured

It is to be adopted in many states also at the same time it gives the remedies and rights to both the buyer & seller

So, the parties that do not suffer are:

  1. Broker
  2. Creditor
  3. Lender

Therefore we can conclude that If the requirements of the Uniform Commercial Code are not  followed, the party that is most probable to suffer the highest injury is the buyer

Learn more about Uniform Commercial Code here: brainly.com/question/8476938

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A ____, also called a SWOT analysis for strengths, weaknesses, opportunities, and threats, is an assessment of the strengths and
olga_2 [115]

Answer: The answer is SITUATIONAL ANALYSIS

Explanation: A SITUATIONAL ANALYSIS is the gathering of methods to analyse the internal and external factors of a business inoder to get a clear picture of the business environment.

A situational analysis is also called a SWOT analysis that measures the strengths, weaknesses, opportunities and threats.

3 0
3 years ago
Read 2 more answers
Which of the following is of paramount concern when screening and selecting potential group members?​ a. The ability to be integ
Fittoniya [83]

Answer:

d. The risk of lack of follow-through after selection

Explanation:

As rigorous as the process of selection might be, there is a greater risk of a lack of follow-through after selection.

When working in a team, the following are expected: genuine commitment, flexibility, being reliable, prompt communication, fast adaptability, and lastly among others, being positive.

5 0
3 years ago
Grand River Corporation reported taxable income of $600,000 in year 1 and paid federal income taxes of $155,000. Not included in
Paul [167]

Answer:

$444,000

Explanation:

current earnings and profits = (taxable income - income taxes) - meals expense + tax exempt income = ($600,000 - $155,000) - $3,000 + $2,000 = $444,000

Disallowed expenses are expenses made by an individual or company that the IRS doesn't allow to be deducted, e.g. meals. Tax exempt income is income that is not taxed by the IRS, e.g. DRD includes at least 70% of dividends received.

Deferred gains or unearned revenues are considered a liability and are not included in the income statement.

7 0
3 years ago
A house sold for $140,000 with the buyer making a 20 own payment. the grantor's tax is charged at $1.00 per $1,000, what would t
GuDViN [60]

The grantor's tax is charged at $1.00 per $1,000, the tax amount would be $140 based on the selling price.

<h3>What is a down payment?</h3>

The cash upfront paid by the buyer in real estate transactions and other significant purchases is known as a down payment on a house. For a home being used as a primary residence, down payments, which are typically a percentage of the purchase price, can range from as little as 3% to as much as 20%. The sort of mortgage you select, as well as the financial status and the kind of property you're purchasing (such as whether it's a primary residence or an investment property, for example), usually decide the down payment amount.

To know more about the down payment, visit:

brainly.com/question/1114543

#SPJ4

5 0
2 years ago
Manufacturing overhead has an overallocated balance of​ $7,800; raw materials inventory balance is​ $62,900; work in process inv
alexandr1967 [171]

Answer:

C. ​$143,300

Explanation:

The computation of the cost of goods sold is shown below:

= Cost of goods sold + over-allocated balance of manufacturing overhead

= $135,500 + $7,800

= $143,300

To find out the cost of goods sold, we added the cost of goods sold and the over-allocated balance of manufacturing overhead

We ignored the raw material inventory balance, work in process inventory balance, and the finished goods inventory balance as it is not relevant. Hence, we ignored it

7 0
3 years ago
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