<u>In the case mentioned in the question the seller's broker violated their fiduciary obligation to the seller because they have acted in excess /beyond their authority</u>
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Explanation:
A broker who is representing the seller has taken a listing on a property at a price of $400,000. The broker showed the property to a potential buyer and the buyer made an offer of $375,000, but told the broker that he/she would pay the full $400,000 if necessary.
After analysis the below mentioned statement from the question we can view the following facts
- The price of the property is $400,000
- The broker on belhalf of the seller agrees to sell the property to the buyer at $375,000 which is less than the listing price of the property .
Hence we can say that <u>the seller's broker violated their fiduciary obligation to the seller because they have acted in excess /beyond their authority</u>
Answer:
A. $727 DS, CB
Explanation:
Step 1: Calculate the Monthly rate=
$1,700 ÷ 12 = $141.67
Step 2: Calculate the Daily rate = Monthly rate ÷ 12
= $141.67 ÷ 30 = $4.72
Since the closing took place on June 4th, it means the seller owes 5 months (January- May) and 4 days (1st-4th of June)
Hence, the seller owes the following based on steps 1 and 2
5 Months = $141.67 x 5 = $708.35
4 day = $4.72 x 4 = $18.88
Total Amount = $708.35 + $18.88 = $727.23 Approximately $727.
The treatement therefore is to Debit the Seller (DS) and Credit the Buyer (CB) with $727
Answer:
- $140,000
Explanation:
The Cash flow to creditors = Interest paid - Net new borrowing
= Interest paid - (Ending Long term debt - Beginning Long term debt)
= $100,000 - ($1,700,000 - $1,460,000)
= $100,000 - $240,000
= - $140,000
Therefore, the cash flow to creditors is - $140,000.
Answer:
Try to focus on lean and low-fat sources. Some good examples are turkey, chicken, 93 percent lean red meats, egg whites, tuna, top sirloin steak, tilapia, salmon, mackerel and shrimp. Carbohydrates give you energy, so you'll need to eat foods rich in them to fuel all your workouts.
Explanation:
Answer:
14.5%
Explanation:
The computation of the expected return on stock A is shown below:
Given that
The expected return of stock b = 12%
beta = 1.2
Now
risk free rate = 2% market risk premium
So as per CAPM, the expected return = risk free rate + beta × market risk premium
0.12 = 0.02 + 1.2 × market risk premium
1.2 × market risk premium = 0.10
So,
market risk premium is
= 0.10 ÷ 1.2
= 0.0833 or 8.33%
Since they have equal risk reward so the market risk premium would be same for stock A
Now
The expected return of stock A is
= 2% + (1.5 × 8.33)
= 14.5%