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Liono4ka [1.6K]
3 years ago
11

Kenneth entered into a contract to sell his home to Valerie, who put down a $5,000 earnest money deposit. At the last minute, Va

lerie backed out of the deal and Kenneth kept the earnest deposit. This is an example of ______.
Business
1 answer:
densk [106]3 years ago
8 0

An example of accepting liquidated damages is when valerie backed out of the deal and Kenneth kept the earnest deposit.

<h3>What is a liquidated damages?</h3>

A liquidated damages refers to a pre-estimated probable loss that would be suffered from the late completion of a contract.

In conclusion, the example of accepting liquidated damages is when valerie backed out of the deal and Kenneth kept the earnest deposit.

Read more about liquidated damages

<em>brainly.com/question/25697446</em>

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1) A First National Bank depositor made out a deposit slip showing currency of $620.00, coins of $13.25,
uranmaximum [27]

Answer:

The right answer is "$907.30".

Explanation:

Given that:

Currency,

= $620.00

Two checks,

= $113.30

and,

= $174.00

Now,

The total deposit shown will be:

= Currency+2 \ checks

By substituting the values, we get

= 620.00+(113.30+174.00)

= 620.00+287.3

= 907.30 ($)

7 0
3 years ago
What is the common term for the endline in soccer?
Mama L [17]
It is the goal line that is the common term for endline
8 0
3 years ago
Read 2 more answers
On January 1, 2018, Ace Electronics bought a new cash register for $2,500. Ace plans to use the cash register for 4 years and th
Lilit [14]

Answer:

$575

Explanation:

The computation of the depreciation expense is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($2,500 - $200) ÷ (4 years)

= ($2,300) ÷ (4 years)  

= $575

In this method, the depreciation expense is the same for all the remaining useful life  i.e for four years, the $575 should be charged for all four years

3 0
3 years ago
FedEx Corp stock ended the previous year at $103.39 per share. It paid a $0.35 per share dividend last year. It ended last year
mr Goodwill [35]

Answer:

$730 and 3.53%

Explanation:

Given that

Initial Price = $103.39

Ending Price = $106.69

Dividend Paid = $0.35

Number of Shares owned = 200

The computation of the dollar return and the percent return is shown below:

Dollar return is

= [0.35 + ($106.69 - $103.39)] × 200

= $730

And, the percentage return is

= $730 ÷ (200 × $103.39)

= 3.53%

6 0
3 years ago
Bertha purchased 10 shares of BestSnack, Inc. stock for $200 per share; in one year, she sold the 10 shares for $220 a share. Ov
geniusboy [140]

If the tax rate on nominal capital gain is 50%, how much tax does Bertha pay on her gain is: $97.

<h3>Gain</h3>

First step

Bertha's capital gain= ($220 - $200) x 10 shares

Capital gain = $200

Second step

Balance left after government took 50%

Balance left= $200 x (1 - 0.50)

Balance left= $100

Third step

Gain=$100 x (1 - 0.03)

Gain=$97

Therefore If the tax rate on nominal capital gain is 50%, how much tax does Bertha pay on her gain is: $97.

Learn more about Gain here:brainly.com/question/843074

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5 0
2 years ago
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