Tommy agrees to buy a house for $84,500. He pays $2,000 as earnest money and obtains a new mortgage loan for $67,600. The purchase contract provides for a Mar. 15 settlement. Tommy and the sellers prorate the present year's real estate taxes of $1,880.96, which have been paid. The buyer is responsible for the day of closing. Tommy has additional closing costs of $1250. Using the "actual number of days" method, how much cash must Tommy bring to the settlement?
Answer: $17,654.97
Explanation:
In order to solve the question, the first thing to do is to count the number of days from March 15 to Dec. 31. In this case, we will have 292 days.
Then we get the daily rate which will be:
= $1,880.96/365
= $5.153.
Then, we multiply the daily rate of $5.153 by the number of days which will be:
= $5153 × 292 days
= $1,504.97.
Then, we calculate the down payment, which will be:
= $84,500 - $67,600
= $16,900
We then deduct the $2,000 that has already been paid. This will be:
= $16900 - $2000
= $14900
Adding together all the values then the total cash that Tommy must bring to the settlement will be:
= $14900 + $1,504.97 + $1,250
= $17,654.97
1. what is Business income
I think Business income is a type of earned income and is classified as ordinary income for tax purposes.
have a nice day:)
1. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 8% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
A. $217,245.21
B. $187,518.64
C. $46,789.33
D. $312.589.66
E. $98,514.57
F. $209,987.33
2. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 10% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
A. $452,592.56
B. $278,582.56
C. $427,986.56
D. $438,478.56
E. $397,567.56
F. $301,578.66
3. Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?
A. $689,364.25
B. $254,369.25
C. $674,689.33
D. 356,543.89
E. $701,055.34
F. $722,066.88
4. Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9%, and is investing over the term of 40 years. How much will she have at the end of the 40 years?
A. 1,238,547.66
B. 1.788,398.13
C. 1,897,384.66
D. 1,254,642.98
E. 2,121,361.87
5. Randolph has $20,000. He invests his money and expects to earn 9% on the investment. Approximately how many years will it take for his investment to become $80,000? Use the rule of 72 to figure this out.
A. 8
B. 12
C. 18
D. 30
E. 24
F. 16
6. Use the rule of 72 to determine the following investment result. Amaya has $10,000. She expects to earn 7.2% on her investments portfolio. How long will it take forher investment to double?
A. 10 years
B. 9 years
C. 8 years
D. 7 years
E. 11 years
F. 7.2 years
7. Which of the following inestments would be considered the most liquid?
A. A standard savings account
B. Real Estate
C. A one year CD
D. A 401k
8. Which type of account would most financial advisors prefer for you to keep your reserve fund? Choose the best answer.
A. 529
B. 403b
C. checking account
D. savings account
E. 401k
9. Jair invested his money and earned 12% over the last year. Over the same duration, the inflation rate was 4%. What is his real rate of return.
A. 4%
B. 8%
C. 12%
D. 16%
10. Makeria bought an investment for $300 and sold it two years later for $360. What was her ROI in Dollars?
A. $60
B. 0.20
C. $300
D. $360
11. Makeria bought an investment for $300. Two years later she sold it for $360, what was her total ROI as a percentage?
A. 20%
B. 10%
C. 360%
D. 300%
12. Makeria Invested $300 and then sold her investment 2 years late for a total of $360. What was her average annual ROI? (choose the closest answer)
A. 20%
B. 10%
C. 360%
D. 300%
Answer: E
$98,514
Explanation:
answer:
i believe the answer would be answer choice b
(i'm sorry i could only figure out the first one)
i used smart asset (you should look into it)
i wish you the best of luck, hopefully this helps :)
have a great day !!
Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.
Should Gidgits Galore entice much sought-after employees with generous benefits?
no
yes
Answer:
Yes
Explanation:
Edge 2021
Answer:
YES edge 2023
Explanation:
If Doria needs a short-term loan, what type of loan would you recommend she seek and from what type of financial institution? Justify your recommendation.
Explanation:
Short term loans are loans which are normally needed in order to take care of an emergency.
Doria can get short term loans from banks. To get this she has to be an already existing member of this bank.
She can also get from credit unions. Their rate of interest is usually smaller than the banks own and to access a loan she has to be an already existing customer of the union.
Also there are payday loans that she can lend from and pay back on her next pay day.
I would recommend borrowing from the credit union and the reason is simple, the interest rate is lower. So what she would be paying back in addition to her loan amount is going to be low.
CC's Marketing manager wants to carry out market research. Identify and explain two factors which could influence the accuracy of the market research data.
Answer: Have an objective/aim, have an understanding of gathering data
Explanation:
Marketing research is the careful and systematic gathering of information that would help influence the sales of a product or service you intend to sell. An effective and we'll carried out market survey or research would be a great guide on how to present a product to the public or the target market. There are two factors CC's marketing manager has to consider while carrying out the market research. They are;
Objectives/Aim; the marketing manager must have a guide on what he needs to research on while doing the market survey, he has to consider which target market he should look at, the kind of environment, he needs to have a well stated guide that he can work with to give him the desired results which would be effective for him.
How to gather data; the marketing manager would have to have an understanding of gathering data. Data is vital when carrying out market research, it gives you a guide in the number of people you should be considering or the number of things to note or percentages of factors you're considering and how you should plot yours.
There are ___ types of resources.
2
5
3
4
which of the following is a positive externality
•household waste
•litter on the road
•noise pollution
•bus rides to school
Answer:
D . BUS RIDES TO SCHOOL
Explanation:
All the others listed are negative externalities.
Bus rides to school is a positive externality
A good or service generates positive externality if it gives benefits that is greater than its cost to third parties that are not involved in its production.
Bus rides to school generates positive externality. This is because it reduces traffic on the roads. This benefits other road users (third parties).
Another example of a product that generates positive externality is research and development. Discovery of a new treatment for a disease benefits the general public.
Household waste, litter on the road and noise pollution generate a negative externality.
A good has negative externality if the costs to third parties not involved in the activity is greater than the benefits.
To learn more about positive externalities, please check: https://brainly.com/question/9346389?referrer=searchResults
"Modern technology is developed from local / traditional technology." Justify this statement
Explanation:
Modern technology would be things that we have today such as smart phones, tablets, gaming systems and computers. Traditional/Local technology would be things such as handicrafts that were made before things such as computers and new technology are inverted.How can a user see the properties attached to a field in a database?
O Use the Design view, and click the data type.
O Use the Design view, and click the field name.
O Use the Datasheet view, and click the data type.
O Use the Datasheet view, and click the field name.
Answer: use the design view, and click the field name
Explanation:
Answer:
B
Explanation:
Choose the answer that correctly identifies the conflict management styles represented by each version. a. 1- non-confrontational, 2- cooperative, 3- confrontational, 4- confrontational and non-confrontational b. 1- confrontational, 2 - cooperative, 3- confrontational, 4 - cooperative and confrontational c. 1- cooperative, 2 - confrontational, 3- non-confrontational, 4 - both are confrontational d. none of the above
Hi, you've asked an incomplete question. However, the missing question read;
Version 1: George walks away. He never talks to Elaine or Jerry again.
Version 2: George confronts Elaine, saying “I am angry about what you have been saying. I do not want you spreading rumors about me. If you have a problem, please see me about it.”
Version 3: George yells at Elaine to shut u.p and then confronts his boss demanding to know why he’s going to be fired.
Version 4: George demands that Elaine tell him where she heard that. Elaine tells him not to worry about it and tries to crack a joke about how much the boss is late.
Answer:
Version 1: non-confrontationalVersion 2: cooperativeVersion 3: confrontationalVersion 4: confrontational and cooperativeExplanation:
1. In this scenario it is evident that George avoids confrontation with Elaine. In fact, we are told that "[He] walks away..."
2. In this scenario, however, we notice a cooperative deposition between George and Elaine. He made this lear when he said, "...If you have a problem, please see me about it.”
3. Confrontation occurs in this scenario as we are told that "George... then confronts his boss demanding to know why he’s going to be fired. "
4. By demanding "that Elaine tells him where she heard that" indicates confrontation. While Elaine's cracking a joke about how much the boss is late shows cooperation.
Answer:
A
Explanation:
Which is true about vendor files?
A. They can be in electronic or paper form.
B. They must be cleaned on a daily basis.
C. Duplicate records do not need to be removed.
D. They do not need maintenance.
Answer:
A. They can be in electronic or paper form.
Hi CAN SOMEBODY HELP ME PLEASE YOU DON'T UNDERSTAND HOW I STRUGGLE. I WILL GIVE U BRAINLIST AND 5 STARS IF U ANSWER CORRECTLY
Answer:
commericials, product endorsements, product features, stuff like that.
Explanation:
Businesses commonly develop websites and blogs to promote their companies, products and services. Blogs offer an interactive tool to communicate information to customers and receive feedback through comments. Additionally, companies use sites and blogs as media for banner ads and other ad placements. If u want you can write about features and product endorsements too.
How does insurance fraud create higher overall prices for everyone?
Ya girl is stuck, i need help
Answer:
Auto insurance fraud affects all drivers because insurance companies determine their rates, at least partially, based on losses.
Strieby Corp. operates a business with three separate entities as subsidiaries that operate as a unitary business: Matty Corp., Kennedy Corp. and Jackson Corp.. Strieby has arranged operations so that Matty has nexus only with Texas, Kennedy has nexus only with Massachusetts, and Jackson has nexus only with California. Strieby is domiciled in California. Assuming California is unitary state, which entities will be included in the Strieby income tax return?
Answer:
Those that will be required to file a California return are; Matty,
Strieby, Kennedy and Jackson .
Explanation:
Those that will be required to file a California return are; Matty, Strieby, Kennedy and Jackson. From the question we are informed that all of the entities involved are operating unitary Business, which is the same concept followed by California. And we know that
Unitary business can be regarded as group of persons which are related and having interdependent business activities/operations. So in this case, single California return will be filled by the entities involved.
On March 5 PV Inc purchased $3,300 worth of merchandise from Panther Supply with the terms 2/10,n/30 On March 14, PV Inc paid Panther Supply the amount owed less the discount. Show the journal entry for March 5 and March 14 a
In a model with two large open economies, the world real interest rate is such that A. desired international lending by one country equals desired international borrowing by the other country. B. desired international borrowing will be the same in both countries. C. desired international lending will be the same in both countries. D. desired international lending and borrowing will be zero in both countries.
Answer:
A. desired international lending by one country equals desired international borrowing by the other country.
Explanation:
Rate of return can be defined as the percentage of interest or dividends earned on money that is invested.
In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.
Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.
In a model with two large open economies, the world real interest rate is such that desired international lending by one country equals desired international borrowing by the other country.
Thus, the willingness of one country to lend is met by an equal willingness of another country to borrow.
What is a franchise business?
i need help with this its kinda hard
A couple weeks ago, Alex saw her boss stealing money out of the cash register. Her boss noticed that Alex saw. Alex planned to tell one of the other managers the next day, but when she came in for work, her boss pulled her aside and told her that she should keep her mouth shut if she wanted to keep her job, because she would be blamed for the missing money if she told anyone what she saw. Alex's boss is using what unethical communication practice discussed in our lectures from this week
Answer:
The answer is "Coercion".
Explanation:
Its legislative concept of coercion between both the states was reasonably uniform: utilizing bullying and threats to force (or inhibit) individuals to do something they have and do not have a legal right to. It implies that helping a person, through threatening his security and well or those of his family or property, which we usually should not do.
Well water from an aquifer is a good that economists call "rival" but "non-excludable." Explain what you think that means?
Answer:
"Non-excludable " : This means that the well water form an aquifer can be drilled by anybody and not just a specific person or company.
" rival " : This means that the consumption of well water form an aquifer is exclusive for certain consumers ( i.e. cannot be consumed by everybody )
Explanation:
well water from an aquifer is a good considered "Non-excludable " : This means that the well water form an aquifer can be drilled by anybody and not just a specific person or company.
Well water from an aquifer is a good considered " rival " : This means that the consumption of well water form an aquifer is exclusive for certain consumers ( i.e. cannot be consumed by everybody )
Gross domestic product (GDP) may be calculated as the sum of ______. Multiple choice question. exports and imports only consumer spending, investment spending, government transfer payments, and exports minus imports consumer spending, investment spending, government purchases of goods and services, and exports consumer spending, investment spending, government purchases of goods and services, and net exports
Answer:
consumer spending, investment spending, government purchases of goods and services, and net exports.
Explanation:
The Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
Gross domestic product (GDP) may be calculated as the sum of consumer spending, investment spending, government purchases of goods and services, and net exports (exports minus imports).
Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).
Consider the following goal: "I'm going to earn $10,000 this month, working part
time at the fast food restaurant (up from $234 last month).” Why would this NOT be
considered a SMART goal?
a) It is not specific
b) It is not measurable
c) It is not attainable
d) It is not time-bound
On the income statement, a merchandising company reports the cost of merchandise inventory that had been sold to customers. TRUE OR FALSE
Answer:
True
Explanation:
The correct answer is - True
Reason -
Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.
The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.
What would happen if we were left without sun for 24?
Answer in your own words.
Answer:
You would get a heat stroke. A heat stroke is something that happens when your body absorbs to much heat. Signs of it are High body temperature, hot, red dry or damp skin. etc. That much heat is not good for you and it can cause pain.
Ed lives in Merchantville , a state that has a so-called merchant protection statute (or shopkeeper's privilege). One day Ed goes to the grocery store to shoplift some steaks for dinner. The owner of the grocery store catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later. If Ed sues the grocer for the tort of false imprisonment, he will win if he can prove that
Answer:
the gourmet food that he was fed was poorly prepared
Explanation:
Shopkeeper's priviledge is the law that allows United States shop owners detain people that shoplifted from their shop.
They must have proof that the person did the crime and also are only able to hold him for a reasonable time.
In the given scenario the shop owner catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later.
Ed can win a tort of false imprisonment if the gourmet food that he was fed was poorly prepared.
There must be proper care given while the suspect is being detained. Being fed poorly prepared food means he was detained under conditions that could be detrimental to his health
Granville Transportation, a designer and manufacturer of self-driving buses and streetcars, is working on developing the next generation of electric vehicles. Granville has chosen to focus on a narrow buyer segment of medium-sized cities with populations between 100,000 and 1,000,000, and is outcompeting rivals by manufacturing its vehicles at a lower cost via artificial intelligence-guided robots. Which of the five basic strategic approaches has Granville Transportation decided upon
Answer:
best-cost provider
Explanation:
The five basic strategic approaches has Granville Transportation decided upon are;
✓Broad low-cost strategy.
✓Best-cost strategy.
✓Broad differentiation strategy.
✓Focused differentiation strategy.
✓Focused low-cost strategy.
Best-cost provider strategy can as well be regarded as 'best-cost strategy', this strategy focused on how to get quality of products increased and reducing costs at the same time, it aims in providing customers with more value.
Example : Yazici Advertising purchased supplies costing 2,500 on October 5. An inventory count at the close of business on October 31 reveals that 1,000 of supplies are still on hand. On October 4, Yazici Advertising paid 600 for a one-year fire insurance policy. Coverage began on October 1.
Question Completion:
Journalize the adjusting entries:
Answer:
Yazici Advertising
Adjusting Journal Entries:
Date Account Titles Debit Credit
October 31:
1. Supplies Expense $1,500
Supplies $1,500
To record the supplies expense for the year ended October 31.
2. Insurance Expense $50
Prepaid Insurance $50
To record the insurance expense for the month of October.
Explanation:
a) Data and Analysis:
October 31:
1. Supplies Expense $1,500 Supplies $1,500 ($2,500 - $1,000)
2. Insurance Expense $50 Prepaid Insurance $50 ($600 * 1/12)
3. From the scenario, the year-end is October 31.
You own a public relations firm in Sacramento, California. Several months ago, the campaign manager for one of California's senators hired your company to handle PR for the upcoming re-election campaign, and you've been working with the campaign team continuously ever since. This morning you received an email from the campaign manager, saying she'd like to schedule a meeting. In the context of the typical organizational buying process, what would you anticipate discussing in this meeting
Answer: C. Feedback on your firm's performance so far
Explanation:
The options include:
A) Your qualifications for the assignment
B) The fees for your services
C) Feedback on your firm's performance so far
D) The senator's need for PR in the future, after she's been re-elected.
Organization buying process refers to the decision making process used by organizations to make a decision regarding purchases. In the case, different alternatives may be looked into and the best one that'll provide the quality needed is chosen.
In the context of the typical organizational buying process, what would be anticipated in the discussion of this meeting is to feedback on the firm's performance so far.
Since the campaign manager for one of the California's senators hired the company to handle PR for the upcoming re-election campaign, the firm should give them information in happenings that occured since when the job was given to them and tell them the necessary steps in place to ensure victory at the forthcoming election.
Why is it virtually important to understand the fees your bank may charge on your checking account
Answer:
Explanation:
When a bank lends you money, it charges interest on the loan. When you open a deposit account, such as a checking or savings account, there are fees for that as well. It's important to know all the fees your bank charges, as well as how to reduce or eliminate as many of them as possible.