Whitney Company treats each division as a profit center and expects a 20 percent profit on its total production costs. Division A produces a part that it sells externally for $19. It also supplies this part to other internal divisions. Its production cost for the part is $13.70. Using a negotiated-price approach, what is the negotiation ceiling?

Dick and Jane, brother and sister, own an apartment building in joint tenancy. Dick needs some money to cover unexpected medical expenses, so he borrows the money from a lender signing a trust deed on the property which was soon recorded in the public records. 45 days later Dick dies. Which of the following is most correct?

a. Jane is now responsible for the entire debt. b. Jane is now responsible for 1/2 of the debt. c. Jane now owns the apartment building free and clear of the brokers debt d. if the loan is not repaid, the lender can foreclose only on Dicks 1/2 interest in the property

Which of the following sources would be the least satisfactory for obtaining a legal description of a parcel of real property?

A. Deeds B. Preliminary title reports C. Escrow instructions D. Real property tax bills