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shutvik [7]
3 years ago
15

A buyer is closing on the purchase of a residence. The taxes for the year are estimated to be $4,780. The closing date is Januar

y 16, and the day of closing belongs to the buyer. Using the 365-day method, what is the proration?
Business
1 answer:
Aneli [31]3 years ago
6 0

Answer:

For seller = $196.44

For buyer = $4583.56

Explanation:

Data provided in the question:

Taxes for the year = $4,780

Date of closing = January 16

since the day of closing belongs to the buyer therefore the seller owns the tax for 15 days only

Per day tax = [ Taxes for the year ] ÷ 365

= $4,780 ÷ 365

= $13.095 per day

Hence,

Proration will be

for seller = $13.095 per day × 15 days

= $196.44

For buyer = $4,780 - $196.44

= $4583.56

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Whitepunk [10]

Answer: strategic pillars: content, data, and execution

Explanation:

3 0
3 years ago
A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,
kaheart [24]

Answer:

The inventory TO is 3.6875

Explanation:

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

\frac{59,000,000}{16,000,000} = 3.6875

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

4 0
4 years ago
In the context of purchasing systems involved in the traditional transaction processing systems, when a(n) _____ arrives from a
Degger [83]

Answer:

Product

Explanation:

  • In a purchase system the involvement of the traditional transactions takes place as when the product or item arrives to form a supplier its matched to the original order of the referring report which is then sent to the department for checking the content and the report generated is in the inventory  
  • Of the list of items the vendor dispatches and later on checks the consistency of the product. An assessment report is made for the system and the result is compiled in the database management system.
7 0
3 years ago
Gusler Corporation makes one product and has provided the following information:
Gre4nikov [31]

Answer:

$807,500

Explanation:

First determine the cost per unit (U) as a function of cost of materials (M):

M = 2 * $2.00 = $4.00

And cost of labor and overhead (L):

L = 2.7*($20.00+$10.00)

L= $81.00

Total cost per unit is:

U = M + L = $4.00+ $81.00

U = $85.00

The estimate cost of goods sold for the month of May (C) is the product of the cost per unit by the number of units sold during the month (9,500):

C= $85.00*9,500

C= $807,500

Therefore, the estimated cost of goods sold for May is closest to $807,500

8 0
3 years ago
When the interest rate in the economy was 10 percent, the price of a bond with no expiration date that paid a fixed annual inter
Nina [5.8K]

Answer:

Option D $8333

Explanation:

The value of the irredeemable bond can calculated using the Dividend Valuation Model.

The formula for the computation is:

Value of the Bond = Interest paid / rate of return on a similar bond

Value of the Bond = $500 / 6% = $8333.33

Note that initially the bond was worth $5000 which can be calculated with the same formula:

Value of the Bond = $500 / 10% = $5000

The net increase is $3333

So the correct answer is option D.

7 0
3 years ago
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