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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.

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True or false: the market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.
Alenkinab [10]
True - The tomato exhibits characteristics of a perfectly competitive market. Firstly, it is made up of many buyers and sellers. Secondly, all firms that partake in the trade do not control the market. Instead, they are price takers. As such, they sell tomatoes according to the prevailing market prices per unit of tomatoes. All firms also have a relatively small market share. 
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1 year ago
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Drag each event to the correct location on the chart.
saul85 [17]

Answer

Increase- a popular new diet prescribes

only olive oil for weight loss

Increase- a report in news stating that

consumption of olive oil

improves health

Decrease- a decrease in the price

of other vegetable oil

Decrease- research shows that olive oil

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Explanation:

4 0
1 year ago
Romeo Corporation reports the following for the year:
Wewaii [24]

Answer:

C. $15,000

Explanation:

Given that

Finished goods inventory, January 1 $ 3,200

Finished goods inventory, December 31 4,000

Total cost of goods sold 14,200

So the cost of goods manufactured is

As we know that

Cost of goods sold = Opening balance of finished goods + Cost of goods manufactured - ending balance of finished goods

$14,200 = $3,200 + Cost of goods manufactured - $4,000

So, the cost of goods manufactured is $15,000

3 0
1 year ago
A bond has a face value of $1,000, a coupon of 4% paid annually, a maturity of 30 years, and a yield to maturity of 7%. What rat
Lelechka [254]

Answer:

-11.8%

Explanation:

the key to answer this question is to remember that valuation of a bond depends basically of calculating the present value of a series of cash flows, so let´s think about a bond as if you were a lender so you will get interest by the money you lend (coupon) and at the end of n years you will get back the money you lend at the beginnin (principal), so applying math we have the bond value given by:

price=\frac{principal*coupon}{(1+i)^{1} }+ \frac{principal*coupon}{(1+i)^{2} } \frac{principal*coupon}{(1+i)^{3} }+...+\frac{principal+principal*coupon}{(1+i)^{n} }

so in this particular case that one year later there are 29 years to maturity so we have:

price=\frac{1,000*0.04}{(1+0.08)^{1} }+ \frac{1,000*0.04}{(1+0.08)^{2} } \frac{1000*0.04}{(1+0.08)^{3} }+...+\frac{1,000+1,000*0.04}{(1+0.08)^{30} }

price=553.6638

so as we have a higher rate the investment has the next return:

return=\frac{553.66}{627.73} -1

return=-11.8\%

4 0
1 year ago
Navim Jain sold stock to investors in order to finance Sparkart, LLC, a company that markets software to track how many times mu
guapka [62]

Answer:

Equity financing

Explanation:

Equity financing is the kind of  financing, which involves or comprise of a procedure for raising the capital or funds by the sale of the shares. The companies raise the money because they have a short term need in order to pay the bills or might have a objective and needs the funds or money to invest for the purpose of growth.

So, in short, it is a form or kind of financing which comprise of raising the funds or money by selling the shares or stock in a business.

Under this case, the Navim used the equity financing as he sold the stock of the company to investors in order to finance.

3 0
1 year ago
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