Why are closing costs a one time fee?

1 answer:

5 0

The answer to this question is letter D. The closing costs cover titles, taxes, and realtor costs. After closing, the only monetary obligation is to the lending party.

Closing costs are fees paid at the closing of a real estate transaction. It is called the closing when the title to the property is conveyed to the buyer. Closing costs then are incurred by the buyer or the seller, either of the two.

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The Draper Corporation is considering dropping its Doombug toy due to continuing losses. Data on the toy for the past year follo

IRISSAK [1]

Answer:

The Draper Corporation would be indifferent between continuing and discontinuing of Doombugs at 20,000 units.

Explanation:

The draper should be indifferent at the level at which they covered all of their Fixed Cost.

The sales price per unit is ⇒ 150,000/15,000 = 10 per unit

The Variable cost per unit is ⇒ 120,000/15,000 = 8 per unit

The Break-even units for Draper should be:

Break-even units = Fixed Cost

Sale price - Variable Cost

Break-even units = 40,000

10-8

Break-even units = 40,000

Break-even units = 20,000 units

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The understatement of the ending inventory balance causes:

Nina [5.8K]

Answer: The correct answer is "E. Cost of goods sold to be overstated and net income to be understated.".

Explanation: The understatement of the ending inventory balance causes:

Cost of goods sold to be overstated and net income to be understated.

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Which of these is NOT one of the five ethical principles the GAO's Yellow Book stresses?

Anni [7]

Answer:

The correct answer is d. The proper safeguarding of client information.

Explanation:

According to chapter 3 of the GAO Yellow Book, the following are the ethical principles:

The public Interest
Integrity
Objectivity
The proper use of government information, resources, and position.
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Proper protection of customer information is not an ethical principle in this book, but it should be a factor to consider in the information manipulation process.

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What are steps through a civil case?

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In the district courts there are... pleadings, motions, scheduling conference and order, discovery, pretrial conference and order, trial, and appeal. A plaintiff commences a civil case by filing a complaint with the court

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What is a natural risk that businesses should consider when establishing their information-management procedures

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Data security issues such as: Information leaks, Breach of the GDPR law, hacking

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