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kompoz [17]
3 years ago
7

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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Maria runs a small business out of her home. She has expenses of $2,000 per year and uses the cash basis method of accounting. H
fomenos
The answer is C b. Schedule
8 0
3 years ago
When a company holds stock of several different corporations, the group of securities is identified as a(n)
Readme [11.4K]

Complete Question:

When a company holds stock of several different corporations, the group of securities is identified as a(n)?

Group of answer choices

a) investment portfolio

b) controlling interest

c) consolidated portfolio

d) affiliated investment

Answer:

a) investment portfolio.

Explanation:

When a company such as a hedge fund, investment company etc, holds stock of several different corporations, the group of securities is identified as an investment portfolio.

An investment portfolio could comprise of cash and cash equivalents, stocks, commodities, bonds, currencies, real estate investment trusts (REITs) and other financial assets such as exchange-traded funds (ETFs) and mutual funds used by an investor to earn profits while ensuring they're well preserved.

7 0
3 years ago
Consumer surplus exists when a A. person buys something with a marginal benefit more than what they paid. B. producer sells some
mario62 [17]

Answer:

A. person buys something with a marginal benefit more than what they paid.

Explanation:

Consumer surplus occurs when the price a consumer is willing to pay for a product is higher than the market price. For example if a customer is willing to pay $10 for a book, but the sale price is $8 the consumer surplus is $2.

Since the consumer perceives he paid less than the value of the good, the marginal benefit he enjoys is more than the price paid.

6 0
3 years ago
The principal of the time value of money is probably the single most important concept in financial management. One of the most
elena-14-01-66 [18.8K]

Answer: The inflation rate that indicates the change in average prices

Explanation: The option that is probably not included in the options is the inflation rate that indicates the change in average prices, this because the constant present value of the amount invested to know how much we would pay for this good at this time but if we want to know the future value, we must know is the interest rate that could obtain funds, which is why we should have as a return in exchange for investing in this good and finally we could know the time of the values ​​that we want to know, for example if we want to know how much it is the investment in four or five years, this variable helps us to bring the funds that through the interest rate will be worth our good within the indicated period.

7 0
4 years ago
A company’s normal selling price for its product is $28 per unit. However, due to market competition, the selling price has fall
Marrrta [24]

Answer:

$5,880

Explanation:

The computation of the value of inventory at the lower of cost or market value is shown below

= Number of units purchased × lower per unit

= 280 units  $21

= $5,880

Since the lower value per unit is $21 among all given per unit value and the same is to be considered

All other information which is given is irrelevant. Hence, ignored it

3 0
3 years ago
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