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3 years ago

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.

You might be interested in

Distinguish between the direct and indirect strategies. when is each appropriate.

natali 33 [55]

Answer: Depends on Content and Audience.

Explanation:

Deciding which strategy to use depends on the content of the work to be presented or the audience being presented to.

If the content is positive or if the audience are Positive or neutral about the work to be presented, the Direct Strategy is preferable. This refers to stating the conclusion or main idea at the beginning of the presentation and then working to explain it.

However, if you deduce that the audience are not positive to the content or that the content is not exactly good news or positive, it would be best to use the Indirect approach. With this approach you start with the evidence and other information then state the conclusion or main idea towards the end. This gives you the opportunity to win the audience over or at least explain why the content is negative before they reach the conclusion.

5 0

3 years ago

Off-balance-sheet activities consist of issuing financial instruments such as various types of guarantees and engaging in deriva

kramer

Answer:

True

Explanation:

Off balance sheet items are transactions that generate fees for the business (such as guarantees), and to hedge against future loss (such as futures investments).

Meaning assets and liabilities that are deferred or contingent to business success.

4 0

3 years ago

Feeney Furniture prepared the following sales budget: Month Cash Sales Credit Sales March $19,000 $11,000 April $40,000 $11,0

marusya05 [52]

Answer:

total cash collections in June = $101050

so correct option is A. $101,050

Explanation:

given data

month cash sales credit sale

march $19,000 $11,000

April $40,000 $11,000

May $43,000 $35,000

June $59,000 $50,000

to find out

total cash collections in June at Feeney Furniture

solution

we find here total cash collections in June that is express as

total cash collections in June = cash sale in June + ( credit sale in June × 62% ) + ( credit sale in May × 30%) + ( credit sale in April × 5%) .............1

put here value we get

total cash collections in June = $59000 + ( $50000 × 62% ) + ( $35000 × 30%) + ( $11000 × 5%)

total cash collections in June = $101050

so correct option is A. $101,050

8 0

3 years ago

Read 2 more answers

Can I Plss get some help on this thank you

krek1111 [17]

Answer:

the United state has a comparative advantage in producing coal

6 0

1 year ago

An investment project provides cash inflows of $1,275 per year for eight years. a. What is the project payback period if the ini

photoshop1234 [79]

Answer:

The correct answer for option (a) is 3.22 years, option (b) is 4.04 years and for option (c) is 0 years.

Explanation:

According to the scenario, the given data are as follows:

Cash inflow = $1,275

Project payback period = Initial cost ÷ Cash inflow

(a). Initial cost = $4,100

So, Project payback period = $4,100 ÷ $1,275

= 3.22 years

(b) Initial cost = $5,150

So, Project payback period = $5,150 ÷ $1,275

= 4.04 years

(c). Initial cost = $11,200

So, Project payback period = $11,200 ÷ $1,275

= 8.78 years

As it is more than the eight years period, it never pays back.

So, 0 years

7 0

3 years ago