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svetoff [14.1K]
3 years ago
15

Select the list that has the steps of the closing process in the right order.

Business
2 answers:
Zanzabum3 years ago
8 0

Answer:

The closing process is:

  • Apply for mortgage
  • purchase homeowners insurance
  • do final walk through
  • sign closing documents

Explanation:

There are actually other process that come in between this process listed but these are the major processes

Apply for mortgage: you need to secure your mortgage with a company that helps you organize the whole process ensuring a good agreement is reached between buyer and seller and all the conditions are met and to get you the needed finance

purchase homeowners insurance: Insurance is a very crucial part of the process because it is needed as part of the closing documents so need to purchase the previous owners Insurance.

Do final walk through: you have to go verify and check the property physically once more

sign closing documents : This is the final stage after signing your keys will be given to you as the new owner                

Y_Kistochka [10]3 years ago
5 0
Apply for mortgage
Purchase homeowners insurance
Do final walk through
Sign closing documents
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Answer:

Explanation:

May 3

Dr merchandise inventory 27,000

   Cr Cash 27,000

May 5

Dr Accounts receivable 19,500

    Cr Sales 19,500

May 5

Dr COGS 13,500

     Cr Merchandise inventory 13,500

May 7

Dr Sales returns and allowances 1,950

     Cr Accounts receivable 1950

Dr Merchandise inventory 1350

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May 8

Dr Sales returns and allowances 750

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May 15

Dr Cash 16464

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3 years ago
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct
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Answer:

Total materials variance = (Actual quantity * Actual price) - (Standard quantity * Standard price)

= 2,850 - (230 * 14.4)

= 462 (Favourable)

Materials price variance = (Standard price - Actual price) * Actual quantity

= [1.8 - (2,850/1,500)] * 1,500

= 150 Unfavourable

Materials quantity variance = (Standard quantity - Actual quantity) * Standard price

= [(230 * 8) - 1,500] * 1.8

= 612 Favourable

Total labour variance = (Actual hours * Actual rate) - (Standard hours * Standard rate)

= 19,458 - (230 * 84)

= 138 Unfavourable

Labour price variance = (Standard rate - Actual rate) *  Actual hours

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6 0
3 years ago
In one or two sentences, Explain how quantity supplied and price are related.
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Hello!

The price rises when the quality rises, because the quality of the product depends on the quality of the feedstock.

Hugs!
7 0
3 years ago
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Find the accumulated value of $2,480 at the end of twelve years if the nominal interest rate was 2% convertible monthly for the
dusya [7]
In order to properly tackle this problem, we must understand the relationship between the nominal annual rate and real (effective) annual rate. 

To do this:
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   -Then, add one to that number, and raise that number to the power of how many times you compound per year.

Here is the method in practice:
First 3 Years: 
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Next 2 Years (Discounting)
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1.084 ^ (1/2) = 1.041153

The last 3 years are already expressed as an effective rate, so we don't need to convert them. The annual rate is:
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I kept the 1 in the numbers (1.058 instead of 5.8% for example) so that it's easier to find the final number

Take every relevant number and raise it to the power of the number of years it's compounded for. For discounting, raise it to a negative power.
First 3 years: 1.020184 ^ 3 = 1.061784
Next 2 years: 1.030225 ^ -2 = .942184
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Last 3 years: 1.058 ^ -3 = .84439

Multiply these numbers (include all decimals when you do this calculation)
1.062 * .942 * 1.175 * .844 = .992598

This is our final multiplier to find the effect on our principal:
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Answer is 2461.64
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