Answer:
$7,954
Explanation:
Calculation for the mortgage recording tax paid on a property
First step is to find the tax rate
Tax rate =2.05/100
Tax rate = 0.0205
Second step will be to multiply the percentage of the tax rate with the price of the property that was sold for the amount of $485,000,
0.0205 × $485,000
= $9,942.5
The third step will be to calculate the LTV which is fully known as loan to value which was given as 80 % in order for us to known mortgage recording tax paid on the property
Hence,
Mortgage recording tax paid on the property $9,942.5 × 0.8 =
Mortgage recording tax paid on the property $7,954
Therefore the Mortgage recording tax paid on the property that was sold for the amount of $485,000 will be $7,954
Answer:
d. Minimize the number of times a product is handled
Explanation:
Material handling is the process by which products are passed from different stages of production and delivery before getting to the consumer.
Since material handling is an essential activity in production businesses plan to reduce cost on this activity.
The best way to reduce handling cost is to reduce the number of time a product needs to be handled.
That is reducing to the barest minimum the touch points in process like sorting, moving, preparing, and storing products
Based on the amount that Savion would have to spend additionally, he should sell the car now because he would make more profit.
<h3>Why should Savion sell the car now?</h3><h3 />
If Savio makes additional work on the car, the profit would be:
= 5,800 - 2,400
= $3,400
This is as opposed to the $3,800 he could make from selling the car at $3,800 so the best thing to do is to sell the car.
Find out more questions on incremental costs at brainly.com/question/15279458.
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I’m sorry this isn’t an answer I’m just trying to ask a question sorry for waiting ur time
Double-declining-balance rate:
By straight-line method, annual depreciation expenses = (85,000-5,000)/5 = $16,000
Rate of depreciation = 16000/(85,000-5,000) = 0.2 = 20%
Then, double-declining-balance rate = 2*Straight-line rate = 2*20 = 40%
From 2nd January 2017 to 31st December 2018 can be approximated as 1 year.
Therefore,
Depreciation expense in yr 1 = 40/100 * 85,000 = $34,000
And,
Book value at December 31 2018 = $85,000 - $34,000 = $51,000
It can be seen that the correct answer is b.
