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2 years ago

In a transaction that is subject to a licensee buyout agreement, if the buyer defaults the seller may:

Business

1 answer:

vagabundo [1.1K]2 years ago

8 0

Answer:

Sue the buyer for specific performance

Explanation:

In a licensee buyout addendum to a contract to buy and sell real estate, "Liquidated losses" (buyer lose earnest money) is omitted.

If the buyer / broker gets cold feet, the cure is Specific Performance meaning the seller may sue for damages and compel the agent to purchase them.

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Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Ser

pashok25 [27]

Answer:

Income Statement Dec. 31, 20Y6

Glacier Travel Service

Total revenue $900,000

- Wages expense ($425,000)

- Rent expense ($180,000)

- Utilities expense ($75,000)

- Supplies expense ($38,000 )

- Miscellaneous expense ($37,000)

EBIT $145,000

- Taxes ($30,000)

Net profit $115,000

4 0

2 years ago

Which tab would help you toggle between views?

dmitriy555 [2]

Answer:

Design

Explanation:

5 0

2 years ago

Read 2 more answers

Emma is babysitting Laura’s children. Emma turns on the stove to make dinner, but a flame shoots out and burns Emma’s hand. Late

ollegr [7]

Answer:

Homeowners insurance, assuming Laura owns the house.

Explanation:

Homeowners insurance most often is what covers personal injury and liability claims if someone is injured in your house.

Just as a side note, if Laura is renting the home the landlord would need the homeowners insurance, not Laura.

8 0

2 years ago

A customer purchased a $2, 700 item at Appliance World, paying with a credit card. Appliance World is charged a 2% fee by the cr

dalvyx [7]

Answer:

Explanation:

Credit card is one of the most common way of making payment while a customer purchases anything in the market. The credit card company charge an amount that is payable by the seller.Thus, it is an expense for the one selling the product.

Given:

Credit card fee: 2%

Sales = $2,700

Credit card charges can be calculated as:

Credit card charges = Sales*Credit card fee

Credit card charges = $2,700*2%

Credit card charges = $54

Now, credit card charge is an expense so it will be debited. The amount is yet to be received so accounts receivable will also be debited. The revenue has been earned so it will be credited.

Thus, the journal entry for the given transaction has been attached below:

4 0

2 years ago

The Akron Slugger Company produces various types of wooden baseball bats. It has calculated the average cost per unit of a produ

zlopas [31]

Answer:

variable cost of producing is $72,200

Explanation:

given data

total costs = 7,900

production @ $12

fixed = $22600

to find out

variable cost of producing each bat

solution

we know here that

total costs at 7,900 production @ $12 then that would be

= 7,900 × 12 = 94,800

so now we can say variable will be here = $94,800 - $22600

so variable = 72200

hence variable cost of producing is $72,200

4 0

2 years ago