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2 years ago

Which of these fees is paid at the closing when a home purchase is finalized?

1 answer:

8 0

<u>d.) Title insurance</u> is one of the fees that is paid at the closing of a home purchase when it is finalized.

There are two types of title insurance.
1) Lender's Policy Title Insurance - this is an insurance to assure the lender the you own the home and that the mortgage applied is a valid lien. This happens when you buy a house through bank financing.
2) Owner's Policy Title Insurance - this is an insurance policy that protects you as the owner of the house when third party contests your ownership of the house.

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In your own words what is demand

Step2247 [10]

Answer:

telling somone to a specifc thing. it can be good or bad

Explanation:

7 0

2 years ago

Select the true statement about the impact of automation on employment. a.) Automated processes have no effect on the number of

avanturin [10]

Answer:

b.) While some job loss may occur as a result of automation, the potential for job creation exists

Explanation:

Automation is the process by which a the production process that is usually managed by people becomes mechanised.

The control and monitoring functions that people usually do is now transferred to automatic devices.

While this will cause some job loss as a result of lack of skill to operate the new machines, it will also result in an avenue for fresh employment.

Employees can acquire the required skill to operate the machines that are now used in the production process.

8 0

2 years ago

Waterway Industries purchased machinery for $905000 on January 1, 2017. Straight-line depreciation has been recorded based on a

BlackZzzverrR [31]

Answer:

$ 178,733

Explanation:

From January 2017 when the machinery was acquired till May 1 2021 when it disposed of, depreciation would have been charged for full years 2017,2018,2019 and 2020 while 2021 depreciation would only be for 4 months.

Annual depreciation=cost-salvage value/ useful life

annual depreciation=($905000-$52000)/5=$170,600

depreciation for 4 years=$170,600*4=$682,400

depreciation for 4 months=$170,600*4/12=$56,867

accumulated depreciation=$682,400+$56,867=$739,267

carrying value=cost-accumulated depreciation= $905000- $739,267 =$165,733

gain on disposal=cash proceeds-carrying value

$13000=cash proceeds-$165,733

cash proceeds=$165,733 +$13000=$ 178,733

4 0

3 years ago

Which statement best describes the two billing cycle method that some credit card companies use

Alborosie

Answer:

Double-cycle billing is a method used by creditors, usually credit card companies, to calculate the amount of interest charged for a given billing period. It takes into account not only the average daily balance of the current billing cycle (usually one month), but also the average daily balance of the previous cycle.

Explanation:

idk...my mom helped me answer this for you

3 0

3 years ago

Your firm is a U.K.-based importer of bicycles. You have placed an order with an italian firm for €1,000,000 worth of bicycles.

dolphi86 [110]

Answer:

A. €1,244,212.10

Explanation:

Contract Size Country U.S. $ equiv. Currency per U.S. $

£ 10,000 Britain (pound) $ 1.9600 £ 0.5102 interest APR

12 months forward $ 2.0000 £ 0.5000 rates

€ 10,000 Euro $ 1.5600 € 0.6410 i$ = 1 %

12 months forward $ 1.6000 € 0.6250 i€ = 2 %

SFr. 10,000 Swiss franc $ 0.9200 SFr. 1.0870 i£ = 3 %

12 months forward $ 1.0000 SFr. 1.0000 iSFr. = 4 %

4 0

3 years ago