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Rudik [331]
2 years ago
9

Anderson sold a property to Kelly. The contract contained the following statement: "Buyer to accept the property in an 'as is' c

ondition." Both the seller and the broker knew that the plumbing was in a major state of disrepair, but did not tell Kelly. Would an action against the broker and the seller be successful?
Business
1 answer:
alina1380 [7]2 years ago
4 0

Answer:

The action against the seller by Kelly would not be successful. This is because, the contract agreement drafted by the seller contains that clause "as in" condition. <em>It would be believed that, Kelly saw the condition in the contract, but still went ahead to purchase the house by signing the seller's contract agreement of sell. Whatever state the house is in would be taken by Kelly.</em>

Explanation:

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For each of the following costs, identify the cost behavior as variable, mixed, or fixed:
finlep [7]

Answer:

1. Wages of assembly line workers _____Variable ____________

2. President's salary ______Fixed___________

3. Plant utilities _______Mixed__________

4. Sales force commissions _____Variable____________

5. Shipping costs ______Variable___________

6. Factory rent ________Fixed_________

7. Research and development expenses _____* Fixed____________

8. Property taxes _______Fixed__________

9. Advertising _______Fixed__________

10. Supplies used in production _____Variable____________

* If you consider output as number of units sold the R&D is a fixed cost.

7 0
2 years ago
Joanna is deciding between consuming Good X and Good Y. At her current level of consumption, her marginal utility per dollar for
ikadub [295]

Answer:

D) consume more of Good X or less of Good Y until the marginal utility per dollar for Good X and Good Y is equal.

Explanation:

Since Joanna's marginal utility per dollar is higher for good X than per good Y, then she must consume a combination of both goods until their marginal utility per dollar is equal.

Since marginal utility is diminishing, if she reduces her consumption of good Y, maybe it will increase and match X's. Or she can choose to consume more X until its marginal utility diminishes and matches Y's.

3 0
2 years ago
Stephanie bought a package of pencils for $1.75 and some erasers that cost $0.25 each. She paid a total of $4.25 for these items
Sonbull [250]

Answer:

the dogs

Explanation:

8 0
2 years ago
Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $302,820, would have a useful life of 7 ye
Kruka [31]

Answer:

20%

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

Cash flow for year zero =-302,820

Cash flow each year from year one to seven = 84,000

IRR = 20%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

4 0
2 years ago
Select all the statements that are true about Secondary Markets only.
Contact [7]

Answer:

The secondary market is the market in which securities are traded. This market no longer accumulates new financial resources for the issuer, but only reallocates resources among subsequent investors.

As a resale mechanism, it allows investors to freely buy and sell securities. In the absence of a secondary market or its weak organization, the subsequent resale of securities would be impossible or difficult, which would discourage investors from buying all or part of the securities. As a result, society would be left on the losing side, since many, especially the newest, undertakings would not receive the necessary financial support.

5 0
2 years ago
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