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3 years ago

11

Which section in a CAR Residential Purchase Agreement shows who will pay the county transfer fee, HOA related fees, private tran

sfer fee, city transfer fee, and home warranty?

1 answer:

natka813 [3]3 years ago

8 0

Answer:

Other Costs

Explanation:

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The Morrit Corporation has $1,080,000 of debt outstanding, and it pays an interest rate of 11% annually. Morrit's annual sales a

alukav5142 [94]

Answer:

3.020

Explanation:

Morrit Corporation

interest amount = $1,080,000*.11 = $118,800

Net profit = 3% *$6,000,000= $180,000

Net profit + tax = profit before tax =

180000/.75 = 240000

Profit before tax + Interest = Earning before interest and tax

= $240,000+$118,800 = $358,800

TIE ratio= EBIT/Interest = $358,800/118,800

= 3.020

Therefore the TIE ratio is 3.020

7 0

3 years ago

Break Even Analysis 1. A USB thumb drive production line will have $240,000 fixed costs variable costs per unit of $1.97. Each u

melomori [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $240,000

Unitary variable cost= $1.97

Selling price per unit= $4.97.

First, we need to calculate the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 240,000 / (4.97 - 1.97)

Break-even point in units= 80,000 units

<u>The break-even point analysis provides information regarding the number of units to be sold to cover for the fixed and variable costs.</u>

If the forecasted sales are 120,000, this means that the company will cover costs and make a profit. The margin of safety is 40,000 units.

3 0

2 years ago

Which of the following statements is true about payday loans?????

devlian [24]

Answer:

a.

Explanation:

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3 0

3 years ago

Read 2 more answers

________ measures the percentage of profit earned on each sales dollar before interest and taxes but after all costs and expense

pentagon [3]

I think it is D. Gross profit margin because that is you profit before all of added taxes and every thing else.

7 0

3 years ago

On December 31, 2015, Sarasota Co. performed environmental consulting services for Hayden Co. Hayden was short of cash, and Sara

Liono4ka [1.6K]

The appropriate journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

<h3>Journal entries</h3>

(a) December 31, 2015

Debit Notes receivable $129,859.2

($160,000 x 0.81162)

Credit Service revenue $129,859.2

(PV of $160,000 due in 2 years at 11%)

(b) December 31, 2016

Debit Notes receivable $14,284.5

($129,859.2 x 11%)

Credit Interest revenue $14,284.5

(c) December 31, 2017

Debit Discount on notes receivable $44,425

[$160,000 - ( $129,859.2- $14,284.5)]

Credit Interest revenue $44,425

Debit Cash $160,000

Credit Notes receivable $160,000

Inconclusion the journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

Learn more about journal entry here:brainly.com/question/14279491

7 0

2 years ago