answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina18 [472]
2 years ago
10

Licensee Gary advises Buyer Tim that a property Tim is interested in is zoned for commercial use. In fact, Gary does not know wh

at zoning applies to the property. Tim put in a purchase contract on the property and later finds out that the zoning in place actually would prevent him from using the property as he intends. Which statement is TRUE?
Business
1 answer:
nadezda [96]2 years ago
3 0

Answer:

Gary committed misrepresentation.

Explanation:

Misrepresentation refers to making a false statement in order to induce a buyer (or even a seller) to enter or exit a contract. If the buyer can prove that the real estate agent lied and that they entered a contact based on that lie, then he/she can sue the real estate agent for any damages incurred. The misrepresentation (the lie) must be both false and fraudulent, which means that it was made in order to induce another party into entering or exiting a contract.

In this case, even though Gary did not know what zoning regulations applied to this property, he made a false statement on purpose in order to convince Tim of buying the property.

You might be interested in
What is a joint venture? Multiple Choice an effort in which one firm grants access to its patents and trademarks for a fee an ar
natali 33 [55]

Answer:

A cooperative effort among two or more organizations that share a common interest in a business enterprise or undertaking.

Explanation:

A joint venture is defined as a business agreement where two or more parties pool their resources together to achieve a common goal. Usually profits and losses are shared equally among the parties unless there is an agreement to share otherwise.

The joint venture is an independent entity that is seperate from its owners. That means any liability of the joint venture is not binding on the parties involved.

5 0
2 years ago
Read 2 more answers
Justine was interested in learning how to play the piano. She has successfully passed every level of music book and is planning
Alexus [3.1K]
The stage of ability development is Justine at is now being a master. It is because he is now interested in learning how to play the piano and she has successfully passed every level of music book and is planning her own concert. I hope my answer has come to your help. God bless and have a nice day ahead!
8 0
2 years ago
Read 2 more answers
On January 12, JumpStart purchased $870 in office supplies. (a) Journalize the transaction as if JumpStart paid cash. Jan. 12 (b
Mumz [18]

Answer:

Part a : If JumpStart paid cash

Office Supplies $870 (debit)

Cash $870 (credit)

Part b : If JumpStart placed it on account

Office Supplies $870 (debit)

Account Payable $870 (credit)

Part c : If JumpStart pays the amount due

Account Payable $870 (debit)

Cash $870 (credit)

Explanation:

Part a : If JumpStart paid cash

Recognise an expense for Office Supplies and reduce the assets of cash to reflect outflow of economic benefits in form of cash

Part b : If JumpStart placed it on account

Recognize an expense for Office Supplies and also recognise a Liability - Accounts Payable to reflect a present obligation created by JumpStart to its Supplier

Part c : If JumpStart pays the amount due

Derecognise the Liability - Accounts receivable since the liability has been settled and reduce the assets of cash to reflect outflow of economic benefits in form of cash due to settlement of Account

6 0
2 years ago
Giglio Inc. has the following information for the previous year: Net income = $400; Net operating profit after taxes (NOPAT) = $
forsale [732]

Answer:

the free cash flow for the current year is zero.

Explanation:

Net income = $400; Net operating profit after taxes (NOPAT) = $500; Total assets = $2,000; and Total operating capital = $1700

Net income = $800; Net operating profit after taxes (NOPAT) = $700; Total assets = $2,300; and Total operating capital = $2,100.

current year:

operating profit after taxes                             700

Capital expenditures:        2,000 - 2,300 =  (300)

working capital expeneses 1,700 - 2,100  = (400)

free cash flow:                                                       0

As assets increase the company use cash to increase his assets

Also, the operating capital increase the comapny pa debts, extend his collection cycle or any other desition which, increases his cahs needs.

Therefore the free cash flow for the year is zero.

7 0
2 years ago
FARO Technologies, whose products include portable 3D measurement equipment, recently had 36 million shares outstanding trading
erma4kov [3.2K]

Answer:

A. $117 million

B.13%

C. $21.75

Explanation:

B. Calculation to determine How large a loss in dollar terms will existing FARO shareholders experience on the announcement date

Expected Loss= 390*30%

Expected Loss= $117 millions

Therefore How large a loss in dollar terms will existing FARO shareholders experience on the announcement date will be $117 millions

B. Calculation to determine What percentage of the value of FARO’s existing equity prior to the announcement is this expected gain or loss

First step is to calculate the Existing Shares Value

Existing Shares Value =36*$25

Existing Shares Value= $900 millions

Now let calculate the Expected Loss %

Expected Loss % = $ 117/$ 900

Expected Loss % = 13%

Therefore the percentage of the value of FARO’s existing equity prior to the announcement is this expected gain or loss will be 13%

C. Calculation to determine At what price should FARO expect its existing shares to sell immediately after the announcement

Price Per Share: $ 25*(1 - 0.13)

Price Per Share$25*0.87

Price Per Share: $21.75

Therefore what price should FARO expect its existing shares to sell immediately after the announcement is $21.75

6 0
2 years ago
Other questions:
  • Summarize your thoughts, in a minimum of 2 sentences, on why is it important for healthcare workers to be aware of various cultu
    5·2 answers
  • In a _______ organization lower-level managers are empowered to make decisions which can ________ motivation and job satisfactio
    15·1 answer
  • One use of inventory is A. to provide a hedge against inflation. B. to tightly synchronize production and distribution processes
    12·1 answer
  • Suppose that the weekly price of milk is $3.40 per gallon and MPEP decides to ramp up weekly advertising by 35 percent to $150 (
    15·1 answer
  • Analyze the effectiveness of Postbellum policies by explaining if Reconstruction succeeded or failed in the areas of Economics –
    13·1 answer
  • Jackson Co. needs to replenish its petty cash fund. Currently, it contains $11 in cash and receipts for supplies of $40 and deli
    6·1 answer
  • WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for t
    13·1 answer
  • The balance in a company's Cash account on August 31 was $19,700, before the bank reconciliation was prepared. After examining t
    10·1 answer
  • A diversified company has a parenting advantage when it Multiple Choice results in supporting short-term economic shareholder va
    6·1 answer
  • The project manager of a task force planning the construction of a domed stadium had hoped to be able to complete construction p
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!