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raketka [301]
2 years ago
7

Andy has decided to drop the price on his townhome. His listing agreement states the list price as $650,000. How can he account

for the price drop
Business
1 answer:
Gnoma [55]2 years ago
4 0

Based on the information given regarding the listing agreement, he can account for the price drop by establishing a compensation paragraph that the buyer will owe the broker commission.

<h3>What is a listing agreement?</h3>

It should be noted that a listing agreement simply means an employment contract that's between a property owner and a real estate broker.

In this case, he can account for the price drop by establishing a compensation paragraph that the buyer will owe the broker commission.

Learn more about listing agreement on:

brainly.com/question/8186569

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Explanation:

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3 years ago
Kingbird Company sells 290 units of its products for $18 each to Logan Inc. for cash. Kingbird allows Logan to return any unused
tensa zangetsu [6.8K]

Answer:

Kingbird Company

a. The amount of Net Sales = $5,040.

b. The amount of the estimated liability for refunds = $180

Explanation:

a) Data and Calculations:

Units of products sold to Logan Inc. = 290

Selling price = $18

Sales revenue = $5,220 ($18 * 290)

Cost of each unit = $11

Expected returns = 10/290 = 0.03448

Net sales = $5,220 * (1 - 0.03448)

= $5,040

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8 0
2 years ago
Which of the following statements can be used to explain the growth of international business? a. Many countries in Europe and A
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Answer:

a. Many countries in Europe and Asia were devastated after World War II and had to be rebuilt.

Explanation:

a) after WWII the US emerge as world leader taking the place of the UK and trade betwene Europe and Asia making post in the US improved global trade.

b) The postwar boom increased demand for product.

c) The cultural traditions did changge but not in that direction the world divided into Communinst and Capitalism

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8 0
3 years ago
You are the manager of a firm that produces products X and Y at zero cost. You know that different types of consumers value your
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Answer and Explanation:

a)

If you charge $40 for X then everyone will buy as everyone is willing to pay atleast $40. this means all three groups buy that is 3*1000 buyers.So profit from X = 3000*40= $120,000

And since everyone is willing to willing to pay atleast $60 for Y again all three groups will buy so profit from Y =3000*60=$180,000

profits=$300,000

b)

If you charge $90 and $160 for X and Y respectively you will have only 1000 buyers for each product as others are unwilling to pay this much.

So profits = 1000*90 + 1000*160=$250,000

c)

for a bundle of X and Y buyers are willing to pay a total of $150, $210 and $200 across the three categories.

So everyone will buy a bundle of 1 X and 1 Y.

profits = 150*3000= $450,000

d)

If you charge $210 only the second will buy as they are willing to pay that much so profits =1000*210=$210,000

Also by selling X at $90 group 1 will buy X; profits=1000*90=$90,000

and by selling Y at $160 group 3 will buy Y; profits=1000*160=$160,000

total profits =$460,000

8 0
2 years ago
Consider the market for 7-eleven slurpees. In a market economy only those consumers who are willing and able to pay for Slurpees
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Answer:

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2 years ago
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