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ANEK [815]
1 year ago
10

A new york buyer is purchasing a property for $120,000. what will the seller pay in transfer tax if the rate is $4 per $1,000 of

the sales price?
Business
1 answer:
Rudik [331]1 year ago
4 0

The seller will pay $444 in transfer tax. Multiply the transfer tax rate. 0037 ($0.37 per $100) by the value of the property ($120,000) will the seller pay in transfer tax if the rate is $4 per $1,000 of the sales price.

After the seller has been paid and all payments have been made, the remaining amount is said to be net to the seller. Calculating the net-to-sellers ratio is very simple. Simply subtract the seller's costs and liabilities from the selling price.

To calculate the prorated tax amount, multiply the annual tax amount by 105%. Then he divides that number by the number of days in a year. The sales price must be held responsible for the amount of unpaid property taxes for the number of days the property was occupied prior to the date of sale.

Learn more about sales prices at

brainly.com/question/1153322

#SPJ4

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Big Homes Corporation is an accrual method calendar year taxpayer that manufactures and sells modular homes. This year for the f
Nina [5.8K]

Answer:

What amount of the rebates, if any, can Big Homes deduct this year?

$19500

Explanation:

$19,500 if this amount is not material, Big Homes could  continue  offering rebates in next sells, in addition expects to pay the accrued rebates before filing their tax return for this year.

4 0
3 years ago
1- The Lo Tech Co. just issued a dividend of $2.30 per share on its common stock. The company is expected to maintain a constant
Alex
<span>1- The company’s cost of equity is 12.34%. The answer is letter c.
2- The bank’s cost of preferred stock is 6.10%. The answer is letter a.
3- The pretax cost of debt is 7.60%. The answer is letter c.
4- The Mullineaux Corporation WACC is 10.02%. The answer is letter b.
5- The company's WACC is 10.53%. The answer is letter c.
6- The company’s WACC is 8.20%. The answer is letter a.

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4 0
3 years ago
Suppose the spot exchange rate for the Canadian dollar is Can$1.12 and the six-month forward rate is Can$1.14.
andreyandreev [35.5K]

Answer:

Explanation:

Given that:

a)

1$ = Can $1.12

It takes a value of 1 U.S dollar to have 1.12 Canadian dollars.  This signifies that the U.S dollar is worth more than Canadian dollars.

b)

Assuming that the absolute Purchasing Power Parity PPP holds,

Since 1$ = Can $1.12, the cost  in the United States of an Elkhead beer, if the price in Canada is Can$2.85 can be determined to be:

= \dfrac{2.85}{1.12}

= $2.545

c)

Yes, the U.S. dollar is selling at a premium relative to the Canadian dollar.

This is because we are being told that the spot exchange rate for the Canadian dollar is Can $1.12 & in six (6) months time the forward rate will be Can $1.14.

d)

The U.S dollar is expected to appreciate in value because it is trading at a premium in the forward market.

e)

Canada has higher interest rates. This determined by using the formula:

= \dfrac{(\dfrac{Fwd}{Spot }-1)}{n}

where; n= numbers of years = 6 month/12 month = 0.5 year

Then;

=\dfrac{(\dfrac{1.14}{1.12 }-1)}{0.5}

= \dfrac{(1.0178-1)}{0.5}

= \dfrac{(0.0178)}{0.5}

= 0.0356

= 3.56%

6 0
2 years ago
The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales reve
Mekhanik [1.2K]

Answer:

Cash flow :

For Case A = $27,450

Case B = $14,000

Case C = $25,000

Explanation:

As per the data given in the question,

                                                                Case A          Case B         Case C

Cash collected from customers            $712,000      $555,000     $97,500

Cash payment to suppliers                  -$40,000      -$25,500      -$65,200

Cash payment for operating expense -$3,750        -$16,000       -$7,300

Net cash provided by operating activities $27,450 $14,000         $25,000

Where,

Cash received from customers = Net sales + dec. in account receivable - inc. in accounts receivable

Cash paid to suppliers = COG sold + inc. in inventory + dec. in accounts payable - dec. in inventory - inc. in accounts payable

Cash paid for operating expense = operating expense - Depreciation + inc. in prepaid expense + dec. in accrued expenses payable - inc. in accounts payable - inc. in accrued expenses payable

6 0
3 years ago
Employees who record and are paid for the exact of amount of time spent working are paid on a(n) _____ basis.
Greeley [361]
Hourly basis.  Salaried employees are paid a flat fee to get the job done.  
6 0
2 years ago
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