Answer:
The seller's proceeds is $89,654.
Explanation:
The seller's proceed is the difference between the total inflows and the out flows. This can be calculated as follows:
Particulars $ $
Inflows:
Purchase price or sales proceeds 360,000
Refund on property tax in advance 350
Total inflows 360,350
Outflows:
Commission (23,400)
Documentary transfer tax (396)
buyer's policy of title insurance (650)
Escrow fees (250)
Loan payoff (246,000)
Total outflows (270,696)
Proceeds 89,654
Therefoe, the seller's proceeds is $89,654.
Which is a disadvantage of using credit?
Responses
There are several disadvantages of using credit that consumers should be aware of: High interest rates, Fees and penalties, Overspending, Overspending, Fraud and identity theft.
High interest rates: Credit cards often carry high-interest rates, which can accumulate quickly if the balance is not paid in full each month. This can result in a significant amount of debt and make it difficult to pay off.
Fees and penalties: Credit card companies may charge fees for late payments, over-the-limit balances, cash advances, and balance transfers. These fees can add up quickly and increase the amount owed.
Overspending: Credit cards can make it easy to overspend and accumulate more debt than can be easily paid off. This can lead to financial stress and negatively impact credit scores.
Impulse buying: Having a credit card can make it easier to make impulse purchases, which can add up over time and lead to overspending.
Fraud and identity theft: Using credit cards online or in-person increases the risk of fraud and identity theft, which can result in financial losses and damage to credit scores.
It is important for consumers to carefully consider the advantages and disadvantages of using credit before making a decision to use it.
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Question 6 of 10
How does a low credit score affect a person who applies for a loan?
O A. It causes banks to charge the person higher interest rates on the
loan.
B. It makes it easier for the person to get a loan with a poor debt-to-
income ratio.
C. It allows banks to give the person a loan without checking his or
her tax records.
D. It makes banks more likely to give the person a large, long-term
loan.
SUBMIT.
Answer:
A. it causes Banks to charge the person higher interest rates on the loan
Brenda owns 8 shares of a corporate stock worth $25 each. The corporation just issued dividends worth 3% of the stock's value. What amount should Brenda receive in dividends?
A.) $6.00
B.) $9.00
C.) $12.00
D.) $18.00
Amount should Brenda receive in dividends is (A) $6.00
Brenda's total investment in the corporate stock is 8 shares x $25 per share = $200.
The corporation issued dividends worth 3% of the stock's value, which means the dividend amount per share is:
$25 per share x 3% = $0.75 per share
Therefore, Brenda should receive a total dividend amount of:
8 shares x $0.75 per share = $6.00
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A company purchased inventory for $2,000 from a vendor on account, FOB shipping point, with terms of 2/10, n/30. The company paid the shipper $100 cash for freight in. The company then returned damaged goods worth $200. The invoice has been paid 8 days after the sale. Assuming that there was no beginning inventory balance, the cost of inventory would be: (Assume a perpetual inventory system)
Answer:
$1,864
Explanation:
Calculation for Assuming that there was no beginning inventory balance, the cost of inventory would be:
Cost of Purchase$2,000
Less Purchase Returns($200)
Less Purchase Discount ($36)
[(2%*$2,000)-(2%*$200)]
($40-$4=$36)
Add Freight In $100
Net Cost of Inventory Purchased $1,864
($2,000-$200-$36+$100)
Therefore Assuming that there was no beginning inventory balance, the cost of inventory would be: $1,864
Why should you be able to create, share, and maintain documents?
Answer:
it helps the business run smoother
Explanation:
Fill in the "description" column for the below table by mentioning if it is elastic, inelastic or unit
elastic.
Price
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
Quantity
20
18
16
14
12
10
8
6
Total Revenue
(Price x
Quantity)
$40
$54
$64
$70
$72
$70
$64
$54
Slope Point Elasticity Description
-2.00
$0.10
-0.20
-2.00 $0.17
-0.33
-2.00
$0.25
-0.50
-2.00
$0.36
-0.71
-2.00
$0.50
-1.00
-2.00 $0.70
-1.40
-2.00
$1.00
-2.00
-2.00
$1.50
-3.00
Answer:
Explanation:
Price Quantity Total Revenue Description
$2.0 20 $40 Elastic
$3.0 18 $54 Elastic
$4.0 16 $64 Elastic
$5.0 14 $70 Unit Elastic
$6.0 12 $72 Inelastic
$7.0 10 $70 Inelastic
$8.0 8 $64 Inelastic
$9.0 6 $54 Inelastic
The description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
What defines the elasticity of the demand?To determine whether the demand is elastic, inelastic, or unit elastic, there is need to look at the absolute value of the slope of the point elasticity.
Price Qty Total Rev Slope Point Elast. Des.
$2.0 20 $40 -2.00 Elastic
$3.0 18 $54 -0.20 Inelastic
$4.0 16 $64 -0.33 Inelastic
$5.0 14 $70 -0.50 Inelastic
$6.0 12 $72 -0.71 Inelastic
$7.0 10 $70 -1.00 Elastic
$8.0 8 $64 -1.40 Elastic
$9.0 6 $54 -2.00 Elastic
Based on the given values, it is seen that when the absolute value of the slope of the point elasticity is less than 1, it indicates inelastic demand. When it is exactly 1, it represents unit elastic demand. And when it is greater than 1, it indicates elastic demand.
Therefore, the description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
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What happens when you refinance a student loan?
A lender replaces your old loans with a new one that has a lower interest rate when you refinance A student loan
What is a student loan?A student loan is a specific kind of loan intended to assist students in covering the costs of post-secondary education and related expenses, including tuition, books, and living costs. In comparison to other loan kinds, it could have a much cheaper interest rate and a deferred repayment plan while the borrower is still enrolled in school.
A lender replaces your old loans with a new one that has a reduced interest rate when you refinance. That can help you save money over time, starting with your first payment. Whether you'll find a rate that changes your life will determine when to refinance your student loans.
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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Question 4 (2 points) Which component of the policyholder's coverage is most expensive? Their uninsured motor vehicle coverage Their medical payments coverage Their liability coverage Their collision coverage
Their medical payments coverage
Unethical practices can take place during recruitment. Explain
Explanation:
1. Rusing :
rusing occurs when a recruiter assumes an alias during a phone call to a potential clients or candidate, Most often to convince a gatekeeper that deer call to a sincere cooperate leader is personal confident and / or urgent .
2. Double Rusing :
as with other business discipline there is a such of things as conflict of interest. for example as a recruiter at an agency, you don't recruit candidates from clients who are you to feel other jobs it's just common courtesy and common sense .
Which of the following are fixed costs in the federal budget
A) social security
B)medicare/medicaide
Answer:
Medicare
Explanation:
I think b because we can only get it free on very poor and undeveloped are but it cost high in developer area
Required: Evaluate the firm’s performance for the year 2020 and 2021 by: a. Calculating the same ratios as the industry norms. (20 marks)
It is necessary to calculate the same ratios as the standards for the industry norms in order to assess the firm's performance for the years 2020 and 2021.
What examples of industry norms are there?Industry. industry customs, including the way truckers flash their lights to communicate with one another. For instance, a brief flash of lights can let a passing vehicle know that they can join back it into lane.
Where can we get the industry standards?Norms can be found in a variety of places for financial analysts. The Dunn & Geddes industry ratios and also the Risk Management Institute guide for industry ratios are two of the most well-known. Value Line and Standard & Poor's are some additional sources.
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Which of the following is not true regarding a Certified Public Accountant? Multiple Choice Must meet education and experience requirements. Must pass an examination. Must exhibit ethical character. May also be a Certified Management Accountant. Cannot hold any certificate other than a CPA.
Certified Public Accountant is a certification of qualified accountant. This is most regarded certification in United States and Canada.
The CPA gives license to provide accounting services to public.
It is not mandatory qualification but is rather an optional certification which can be acquired with other degrees. There is no such covenant of not holding any other degree with CPA.
The correct answer is Cannot hold any certificate other than CPA.
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Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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if china has china business is china china or just china
who will wim trump or bid en³³³³³³³³³³³³³³³³³³³³³³³³∉∉∉∉∉∉∉∉∉∉∉
Answer:bid
Explanation:
Answer:
biden is a china puppet aka he is being controlled by china
Explanation:
ABC Company has elected to adopt the dollar-value LIFO inventory method when the inventory is valued at $125,000. The adoption takes place as of January 1, 20X1 when the entire inventory represents a single pool. ABC Company determined that the inventory at December 31, 20X1 was $144,375 at current year cost and $131,250 at base year cost using a relevant price index of 1.10. The inventory at December 31, 20X1 under dollar value LIFO is
Answer:
Explanation:
K
b. The company owns a parking garage that is used by customers, employees, and the general
public, but primarily by the employees. Only the general public is required to pay for parking. The
charge to the general public for Polly's parking for the year would have been $3,600 (a $300
monthly rate).
Polly should add $600 to her gross income because that is the amount the general public would have paid for the parking garage.
Gross income is what?Gross income, before any deductions or taxes, is the total of all wages, salaries, profits, interest payments, rents, and other sources of income for both families and individuals. The opposite of gross income is net income, which is the gross income less all taxes and other deductions.
How much should be included in gross income?According to tax legislation, owners and majority shareholders' parking expenses should, up to a specific dollar amount, be excluded from gross income.
The specified sum is $3,000 per year, or roughly $250 per month.
The cost of Polly's parking to the business is $3,600 year, or roughly $300 per month. The amount that Polly will include in gross income because this is above the maximum excludable value is:
= 3,600 - 3,000
= $600
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The correct question is:
The company owns a parking garage that is used by customers, employees, and the general public, but primarily by the employees. Only the general public is required to pay for parking. The charge to the general public for Polly's parking for the year would have been $3,600 (a $300 monthly rate). How much must Polly include in her gross income?
What is the relationship between quality and competitiveness?
The relationship between them is that to be competitive you need to produce the best Quality
Quality and competitivenessQuestion Parameters:
Quality competitivenessGenerally ,Quality speaks to the originality and all round measure of how good a thing is i comparison to another
While competitiveness is a will or desire to be the best in a group of field
Therefore, the relationship between them is that to be competitive you need to produce Quality
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I need a an idea of followership introduction help me!
Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
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what amount of Capital could be raised by Transnet
The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
What is Transnet?This is the name of a railroad company that was established in South Africa. The company is known for the fact that it is a port, a rail and a pipeline company in the nation.
According to the goals of the company, there goal is to grow the business to have a R100 billion business by 2020. This business is a limited liability company that is owned majorly by the Department of Public Enterprises of South Africa. The government of the country are known to be the sole share holder that the business has in the nation.
So based on the question that we have here we can conclude that the The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
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12.) A hypothetical condition would be employed in an assignment to
Answer:
n an appraisal assignment, a hypothetical condition is used when a property is appraised under a condition that is contrary to what is known by the appraiser to exist on the effective date of the assignment results.
Explanation:
Ông Nguyễn Văn Thịnh, hiện là hiệu trưởng Trường THPT Nguyễn Gia Thiều, TP Hồ Chí Minh. Ông Thịnh có số tiền 500 triệu đồng, ông Thịnh đem đi đầu tư vào công ty cổ phần Thịnh Long Phát. Với phần vốn góp này ông Thịnh được bầu vào HĐQT và giữ chức Chủ tịch HĐQT. Theo anh chị: Ông Thịnh có được đầu tư vào công ty Thịnh Long Phát không. Vì sao? Việc giữ chức danh Chủ tịch HĐQT của công ty là đúng hay sai. Vì sao?
Answer:
ifuhfflkfoifknweknffdsuncjdcnsdncsdncjunasjcnajsncjasn
Explanation:
anchijdcnhcnUIcfuidshcnld cdusiahnc
Which of the following would most likely characterize a nation with a low degree of economic freedom?A) low government interventionB) protected property rightsC) strict trade policiesD) low tariffs
Low economic freedom would presumably be shown by the low tariffs in a country.
What level of economic freedom is there?An estimate of economic freedom compares different jurisdictions based on factors like trade openness, tax load, judicial efficacy, and more. These elements could be combined into a single number that facilitates ranking by weighting them in accordance with their impact on economic freedom.
What results in less economic liberty?Governments restrict economic freedom when they replace personal decision, voluntary exchange, and marketplace coordination with taxes, government spending, and restrictions. Economic freedom is also reduced by restrictions on admission into vocations and commercial activities.
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Melanie’s partially completed schedule a, itemized deductions is shown below. Given the adjusted gross income limitation, what amount can she deduct for eligible medical and dental expenses
The Schedule A, Itemized Deductions, for Melanie is displayed below. Her deduction for allowable medical and dental costs is limited to $2,260 (Option C) due to the adjusted gross income cap.
How can I figure out my gross income?If you are paid annually, performing the computation is not too difficult. Just to be clear, gross income is the total of your earnings before any deductions for taxes or other expenses.
The presentation of annual compensation is typically done in this manner. Simply divide the total amount of money you receive (your pay) throughout the course of the year by the number of months.
In conclusion, the Schedule A, Itemized Deductions, section of the tax return that Melanie has already finished is displayed below. The highest amount she is allowed to deduct for her eligible medical and dental charges is $2,260 due to the limitation imposed by the adjusted gross income.
Hence, option (C) is accurate.
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Melanie's partially completed Schedule A, Itemized Deductions, is shown below. Given the adjusted gross income limitation, what amount can she deduct for eligible medical and dental expenses?
(A) $0
(B) $1,603
(C) $2,260
(D) $2,583
The reserve requirement is 15 percent. Lucy deposits $600 into a bank. By how much do excess reserves change
Answer:
$510
Explanation:
Calculation for By how much do excess reserves change
Using this formula
Change in excess reserve= Bank Deposits-(Reserve requirement*Deposit)
Let plug in the formula
Change in excess reserve=$600-($600*15%)
Change in excess reserve=$600-$90
Change in excess reserve=$510
Therefore By how much do excess reserves change is $510
According to money measurement concept, which of the following will NOT E the books of accounts? a. search O b. Commission payable to a salesman. O c. Quality of the products O d. a and b Extra profits arising out of revaluation of assets O e. All the above Check
Answer: Commission payable to the salesman
Explanation: According to the money measurement concept, the commission payable to the salesman will be recorded in the books of accounts.
Quality control in business, extra profits made due to the introduction of a budgetary control system are qualitative in nature and cannot be recorded, as according to the money measurement concept, only those transactions which can be measured in terms of money are recorded in the books of accounts.
REMAX, a real estate company in Houston, performed an analysis of 500 Houston homes they sold last year. Each home was categorized by initial asking price and number of days the home was listed before it sold. Reference Equations Number of Homes: Initial Asking Priceless or equal than$200,000 Initial Asking Price> $200,000 Total Days Listed Until Sold less or equal than30 125 95 220 Days Listed Until Sold >30 115 165 280 Total 240 260 500 Find P(price > $200,000 and sold less or equal than 30 days). a. 0.3654 b. 0.1900 c. 0.2288 d. 0.4318
Answer: 0.1900
Explanation:
To find P(price > $200,000 and sold less or equal than 30 days), we have to look at the reference equation table and then look out for the point whereby price is greater than $200000 and sold less or equal than 30 days.
Based on the information given, this will be at a point where we've 95. Since the overall possible outcome is 500, then P(price > $200,000 and sold less or equal than 30 days) will be:
= 95/500
= 0.1900
The correct option is B.
Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent
In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).
a. $200,000
b. $210,080
c. 5.04 percent
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.To learn more about GDP, refer to:
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Which market structure would you likely see the product of a t-shirt in? EXPLAIN your rationale utilizing the different structure features found on the chart.
The market structure you would likely see the product of a t-shirt in is an monopolistic market.
Which market structure would I expect to see a t-shirt?
There are four market structures: perfect competition, monopolistic competition, oligopolistic competition and a monopoly.
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
A monopolistic competition is when there are many sellers selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition.
An example of monopolistic competition is the clothing industry. In the clothing industry, there are many sellers of clothes. The clothes are differentiated by quality, type of fabric used in production and style.
An oligopoly is when there are few sellers operating in an industry. Sometimes, the sellers come together to form a cartel. An example of an oligopoly is OPEC.
A monopoly is when there is only one firm operating in an industry. In a monopoly, there are usually high barriers to entry of firms which restricts competitors from entering into the industry. The high barriers could be as a result of the high cost in the industry or government imposed barriers.
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Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom.
According to O*NET, what are common tasks performed by Foresters? Check all that apply.
Answer:
ACEF
Explanation:
Just got it right
Answer:
acef
Explanation:
duh.