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2 years ago

Which of the following is a buyer's agent's task or duty?

Business

1 answer:

Alenkinab [10]2 years ago

8 0

Answer:

Representing the buyer's interests

Explanation:

Buyer's agents a person or a group which is hired to bid on a certain assets on behalf of the buyer. People usually use buyer's agent on expensive purchase such as properties, expensive antique, etc.

Buyer's agents are tied by an ethical code that they have to find the assets on the best price possible for the customers, without compromising the quality of the asset itself.

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Early in 2022, Stevenson Incorporated switched to a JIT (just-in-time) inventory system. Financial information for the two most

gregori [183]

Answer:

3.8 times

Explanation:

Inventory turnover indicates how many times a company sells and replaces its stock of goods during a particular period. The formula for inventory turnover ratio is the cost of goods sold divided by the average inventory for the same period.

$ 320,000 / 63,000 = 5.1 times in 2022

$283,500 / 32,000 = 8.9 times in 2023

Therefore inventory turnover increase as a result of the switch to the JIT system by 8.9 times - 5.1 times = 3.8 times

5 0

2 years ago

his morning, you borrowed $150,000 to buy a house. The mortgage rate is 7.35 percent. The loan is to be repaid in equal monthly

masha68 [24]

Answer: 277.61 - option B

Explanation: you borrowed $150000

20-year mortgage at 7.35 percent. Start by dividing 0.0735 by 12 to find that the monthly rate equals 0.0061. Next, add 1 to 0.0036 to get 1.0061. Third, multiply 20 years by 12 payments per year to find that your loan consists of 240 monthly payments. Fourth, raise 1.0061 to the negative 240th power to get 0.2323. Fifth, subtract 0.2323 from 1 to get 0.7676. Sixth, divide 0.0061 by 0.7676 to get 0.007947. Finally, multiply 0.007947 by $150,000 to find your monthly payment will be $1192

Repeat for the second payment by using 11 month instead of 12

Then you will get: 277.61

5 0

2 years ago

On October 1, 2017, Vaughn, Inc., leased a machine from Fell Leasing Company for five years. The lease requires five annual paym

Alisiya [41]

Answer:

Explanation:

1.Amount to be paid Annually to fell leasing Company = $10,000.

Incremental rate of borrowing = 11%

Lease Period = 5 yrs.

2. Value of lease equipment as on 1st October 2017 i.e., date of lease.

= 10,000 * (PVOA) = (11* for 5 years)

=10,000 * 3.6959 (using -PVAF table)

= $ 36,959

Factors are used according to the table of PVAF

3.Lease liability as on 31-12-2017

= 10,000 * PVAD (11 * 4 years) [since 4 years in these)

= 10,000 * 3.44371

= $ 34,437.10

Lease liability as on 31st Dec 2018

= 10,000 * PVAD (11% 3 years) (still 3 yrs left as on 31-12 -2018)

= 10,000 * 2.71252 = $ 27,125.20

7 0

2 years ago

Natasha has $1000 to open a checking account. She can maintain a monthly balance of $600. She also has a savings account at the

Leokris [45]

Answer:

Account A

Explanation:

I just took the quiz.

6 0

2 years ago

Read 2 more answers

Rocky River Company is a price-taker and uses target pricing. Refer to the following information: Production volume 602,000 u

uranmaximum [27]

Answer:

$26.59

Explanation:

Data provided in the question:

Production volume = 602,000 units per year

Market price = $30 per unit

Desired operating income = 15% of total assets

Total assets = $13,700,000

Now,

Target profit = 15% of $13,700,000

= $2,055,000

Sale value = 602,000 × $30

= $18,060,000

Therefore,

Total cost = sale value -target profit

= $18,060,000 - $2,055,000

= $16,005,000

Thus,

Price per unit = $\frac{\textup{Total cost}}{\textup{Production volume}}$

= $\frac{\$16,005,000}{602,000}$

= $26.586 ≈ $26.59

5 0

2 years ago