Answer:
$11,850
Explanation:
A home sells for $125,000
Realtor's commision is 7.4%
Mortgage balance is $98,000
The seller has $5,900 from other closing costs.
Therefore, her net at closing will be the deduction of all from the amount she sold the house.
Firstly, Realtor's commision =7.4% of $125,000
=7.4% x $125,000
=0.074x$125,000
=$9,250
Seller's Balance=House cost - realtor's commision
= $125,000 - $9250
=$115,750
Secondly, Seller's Balance-Mortgage's balance
= $115,750 - $98,000
= $17,750
L:astly, Net at closing= House cost - closing cost
= $17,750 - $5,900
= $11,850
Answer:
Thnkx for the information, but no
Explanation:
Answer:
$0
Explanation:
We know that:
- Isabella is 30% Partner In ITV
- with basis of $40000
ITV Distribute
s:
- $32,000 cash
- $32,000 inventory (Inside Basis $16,000)
- $16,000 receivable (Inside Basis $24,000)
Therefore, we calculate Isabella's net gain or loss
$32000 × 30% = $9,600 Cash
$32000 × 30% = $9,600 Inventory
$24000 × 30% = $7,200 Receivable
The total amount is
$9600 + $4800 + $7200 =$21,600
Therefore Isabella's net gain or loss will be $40,000 - $21,600 = $18,400.
From the calculations, Isabella will have $0 gain or loss from the liquidating distribution
Answer:
1. $5000 unfavorable
2. 3000 hrs favorable
Explanation:
Fixed Overhead spending variance
Budgeted fixed overhead - Actual fixed overhead
$300,000 - $305,000
= $5,000 unfavorable
Fixed Overhead volume variance
Actual volume = actual fixed overhead / Actual fixed overhead per hr
= $305,000 / $5
= 61000 hrs
(Budgeted volume - Actual volume) * budgeted rate
64000 hrs - 61000 hrs
= 3000 hrs favorable
Here is the answer to the given question above. What an entrepreneur must do after creating a business plan is to finance the business. What an entrepreneur assumes when starting a business is that clever market strategies may still fail to sell a product. Hope this is the answer that you are looking for.
