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tatyana61 [14]
2 years ago
12

A broker has an exclusive right-to-sell listing on a building. An offer to purchase the building is received while the owner is

out of town. The offer requires a commitment from the seller before the seller is scheduled to return to the city. Under these circumstances, the
Business
1 answer:
elena-s [515]2 years ago
5 0

Answer:

Broker must obtain the signature of the seller to effect a contract.

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Financial information is presented below:Operating expenses $ 45,000Sales returns and allowances 3,000Sales discounts 7,000Sales
Anit [1.1K]

Answer:

a. 0.36

Explanation:

The computation of the gross profit rate is shown below:

Gross profit rate = Gross profit ÷ Net sales revenue

where,

Net sales revenue = Sales revenue - Sales return and allowances - sales discounts

= $160,000 - $3,000 - $7,000

= $150,000

And, the Cost of goods sold is $96,000

So, the gross profit is

= $54,000 ÷ $150,000

= 0.36

5 0
2 years ago
Which is an advantage to having an account at a consumer bank instead of a credit union
arlik [135]

Answer:

Credit unions

Explanation:

offer higher savings rates and lower interest rates on loans

8 0
3 years ago
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According to the basic double entry principle of accounting, we
Vlad1618 [11]

Answer:

D. Any of the above, depending on the transactions​

Explanation:

The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.

For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.

If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.

8 0
3 years ago
1. A = GDP deflator or the CPI for the United States
tatuchka [14]

Answer:CPI, GDP Deflator

Explanation:CPI(consumer price index) is a macroeconomic measure used to determine the level of inflation in countries like the United States of America.

GDP Deflator is also a macroeconomic measure that measures the price level of all the new products produced domestically within a country in a specified year or period.

Both GDP DEFLATOR AND CPI ARE VERY USEFUL IN DETERMINING THE PERFORMANCE OF AN ECONOMY AS GDP DEFLATOR MEASURES DEFLATION,CPI MEASURES PRICE INFLATION IN A SPECIFIC OR BASE YEAR UNDER REVIEW.

3 0
3 years ago
How many district courts are in the federal system?.
posledela
Answer 94 districts.

In the federal court system's present form, 94 district level trial courts and 13 courts of appeals sit below the Supreme Court.
8 0
2 years ago
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