A home having an annual tax bill of $2,400 was sold at the end of the tenth month of the taxable year. The seller had already paid the entire tax for the year.

How much tax was the seller reimbursed on proration of taxes at the time of the sale?

$400

Business

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An artisan's lien is placed on the real property of a debtor when the latter does not pay for the work done by the creditor

Indicate whether the statement is true or false

Business

Based on the projected selling price of $20 per unit, the manufacturer invested a substantial portion of its available cash in a machine that could produce twenty-thousand gumballs in an hour

If consumers weren't willing to pay this much for gum, then the manufacturer faced significant: A) Financial risk. B) Promotion risk. C) Cost estimate risk. D) Market risk.

Business