the seller paid the annual maintenance contract on the property's furnace of $960 for the coming year on april 1. if the closing for the sale of the house is on august 15, what prorated amount will be credited to the seller?

Respuesta :

The prorated amount that will be credited to the seller for the sales is $600.

What are sales?

Sales are activities associated with selling or the quantity of goods sold within a specified time frame. Sales also include the provision of services in exchange for payment. When the buyer makes an acquisition, appropriates something, issues a requisition, or engages the seller directly at the point of sale, the seller or provider of the goods or services completes a sale. There is a transfer of title (property or ownership) of the item and a price settlement, in which a price is agreed upon for which the transfer of ownership of the item will take place. The sale is typically executed by the seller, not the buyer, and it is possible for it to be done before the buyer is obligated to pay.

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