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tiny-mole [99]
3 years ago
5

A property is under an effectively dated contract of April 23rd, with a 15-day financing contingency extending through the date

of May 8th. A back-up offer is properly executed on May 6th. The first buyer properly notifies the seller in writing on May 7th that a loan cannot be obtained and requests in writing a return of earnest money, which occurs on May 9th, the day the second buyer receives notification that the first contract terminated. The date for starting performance by the buyer on the back-up offer is
Business
1 answer:
valentinak56 [21]3 years ago
3 0

Answer: May 9th

Explanation:

Based on the information given, the date for the starting performance by the buyer on the back-up offer will be May 9th.

The date will be May 9th, because this was the day that the first buyer was made aware about the first contract termination and also the second buyer got a notification that the first contract was terminated. This is vital for performance purposes.

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The total value of all final goods and services produced in a given year, calculated using the prices of a selected base year, i
vodomira [7]

Answer:

real GDP.

Explanation:

GDP is defined as the monetary value of all goods and services produced in an economy within a give time period. It is a measure of how productive an economy is.

Real GDP considers market prices of commodities in relation to a base year.

For example if 2012 is considered to be the base year for real GDP this year, all goods and services are multiplied by the prices as at 2012 to get the monetary value of goods and services for the present year.

Base year prices are referred to as constant prices when calculating real GDP.

7 0
3 years ago
Which of the following statements about the consumption component of GDP is not​ correct?
Assoli18 [71]

Answer:

D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.

Explanation:

For developed countries like the U.S, there is a lot of stress in consumption of services such as good health care, appropriate and quality education and among others. These services contribute to a larger proportion of consumption component of GDP than both durable and nondurable commodities. Therefore, the statement “spending on services is smaller than the amount of consumption spending on durable and non-durable goods” is not correct

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3 years ago
Which of the following is an incorrect step in the process of partnership liquidation? Question 3 options: Paying any liabilitie
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The correct answer out of the choices is A I believe
8 0
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3 0
2 years ago
A company purchased a tract of land for its natural resources at a cost of $1,544,800. it expects to mine 2,020,000 tons of ore
Tasya [4]

The gradual decrease in the value of natural resource is called depletion. The deplection expense is calculated on the cost net off salvage value.

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Therefore, Depletion expense per ton of ore would be $0.64 per ton of ore.

5 0
3 years ago
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