The seller agrees to sell the house to the buyer for $100,000. the buyer is unable to qualify for a mortgage loan for this amount, so the seller and the buyer enter into a contract for deed. the interest the buyer has in the property under a contract for deed is

a) an assignment of mortgage.
b) a satisfaction of mortgage.
c) a subordination agreement.
d) a partial release agreement.

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)

China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.

Each state’s organizational structure is guided by the federal government.true or false?