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3 years ago

What are closing costs?

Business

2 answers:

Svetllana [295]3 years ago

5 0

Closing costs are fees paid at the closing of a real estate transaction.

Lelechka [254]3 years ago

5 0

Answer: Closing costs refers to fees paid to complete a real estate transaction. These costs may include: application fee, appraisal fees, title searches, title insurance and so on.

Explanation:

Closing costs are the expenses, over and above the price of a property that buyers and sellers paid at the closing of a real estate transaction. It takes place when the title of property is shifted from the seller to the buyer. Closing costs are paid either by the buyer or seller.

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The growth of industry is related to the growth of immigration in the late 19th century because:

Hatshy [7]

Answer:

Mark me as brain list

Explanation:

The researchers believe the late 19th and early 20th century immigrants stimulated growth because they were complementary to the needs of local economies at that time. Low-skilled newcomers were supplied labor for industrialization, and higher-skilled arrivals helped spur innovations in agriculture and manufacturing.

8 0

2 years ago

Firm X is being acquired by Firm Y for $35,000 worth of Firm Y stock. The incremental value of the acquisition is $2,500. Firm X

UkoKoshka [18]

Answer:

$34,789

Explanation:

Worth of stocks = $35,000

Incremental value of the acquisition = $2,500

Stock outstanding of Firm X = 2,000

Price per share of Firm X = $16

Stock outstanding of Firm Y = 1,200

Price per share of Firm Y = $40

Now,

Number of shares issued = 35,000 ÷ 40

= 875 shares

Value after merger = (Value of Stock x + Value of Stock Y + Synergy)

= (1200 × 40) + (2000 × 16) + 2500

= $82,500

Number of Stock Outstanding after merger = ( 1,200 + 875 )

= 2,075

Thus,

Value per share after merger = $82500 ÷ 2,075

= 39.759

Therefore,

Actual cost of acquisition

= Value per share after merger × Number of shares issued

= 875 × $39.759

= $34,789

5 0

4 years ago

In a market there is a shortage of a good. What change would cause the market to come to an equilibrium?

Oksi-84 [34.3K]

Answer:

D) a rise in price

Explanation:

At the equilibrium point, the quantity demanded and the quantity supplied are the same. There is no excess shortage or supply in both demand and supply.

A shortage occurs when suppliers are not able to meet the market demand. Here, demand is the quantity that buyers are willing to buys at a specific price over time. As per the law of demand, high product price causes demand to decrease while low price results in increased demand.

A shortage of a product means its demand is high. Many buyers are willing to buy the commodity at the current price. As per the law of demand, a price increase will result in reduced demand and achieve equilibrium.

3 0

3 years ago

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 37,000 shares authorized, 19,2

kipiarov [429]

Answer:

E. Debit Retained Earnings $7,400; credit Common Dividends Payable $7,400.

Explanation:

The Journal entry is shown below:-

Retained earnings Dr, $7,400 (14,800 × $0.50)

To Common dividend Payable $7,400

(Being dividend declaration is recorded)

Here to record the dividend declaration we simply debited the retained earnings as it decreased the stockholder equity and credited the common dividends payable as it increased the liability

So the correct option is D.

4 0

3 years ago

A waiter fills your water glass with ice water (containing many ice cubes) such that the liquid water is perfectly level with th

Dafna11 [192]

Answer:

As the ice melts and turns into water, the level of the liquid water will lower and it will no longer be perfectly leveled with the rim of the glass. This happens because water has a unique property, its solid state occupies a larger volume than its liquid state, i.e. as waters turns into ice, it expands and occupies more space. Generally, as liquids become solid, they will shrink and occupy less space, but that doesn't happen with water.

Explanation:

3 0

3 years ago