The article discusses the purpose of strategy is to create a "competitive advantage". What is competitive advantage?

A lender estimates that the closing costs on a $293,600 home loan will be $11,010. the actual closing costs were 3.25% of the lo

mestny [16]

The closing cost of the house mortgage is lower than the envisioned by 0.5%.

<h3>What is the closing cost?</h3>

Closing expenses are the prices over and above the property's rate that consumers and dealers generally incur to finish an actual property transaction.

Those expenses may also encompass mortgage origination fees, cut price points, appraisal fees, name searches, name insurance, surveys, taxes, deed recording fees, and credit score file charges.

The lender is required by regulation to expose those expenses in the form of a mortgage estimate within 3 days of a domestic mortgage application.

Gifts of equity (actual property income given to a relative or close pal at a below-marketplace rate) can also incur a few closing cost.

So, from the above announcement, it's clear that alternative D, decreasing by 0.5%, is an appropriate answer.

Learn more about closing cost, refer to:

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4 0

3 years ago

As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 30% of Nursery Supplies Inc

kompoz [17]

Answer:

See the explanation below

Explanation:

Share of net income = 30% × $40 million = $12 million

Dividend received = 20 million × $1 = $20 million

The journal are as follows:

Details Dr ($'million) Cr ($'million)

Investment in Nursery Supplies Inc. 63

Cash 63

Being the cash payment for investment in Nursery Supplies Inc.

Investment in Nursery Supplies Inc. 12

Investment income 12

Being the a share of net income of Nursery Supplies Inc.

Cash 20

Investment in Nursery Supplies Inc. 20

Being dividend received from Investment in Nursery Supplies Inc.

5 0

3 years ago

Pharoah Company on July 15 sells merchandise on account to Sarasota Co. for $3100, terms 2/10, n/30. On July 20 Sarasota Co. ret

pickupchik [31]

Answer:

July 24 Cash $1470 Dr

Discount allowed $30 Dr

Account Receivable $1500 Cr

Explanation:

The receipt of payment for accounts due will cause a credit to accounts receivable for that particular debtor along with a debit to cash as payment is received. However, as there were some sales returns, the outstanding amount in the accounts receivble account was sales less sales returns that is 3100 - 1600 = 1500.

The terms state 2/10, n/30 which means 2% cash discount is allowed if payment is made within 10 days of sale. The payment is made within 10 days, as July 24 falls under this period so cash received will be 1500 * 98% = 1470.

While Accounts recevables will be reduced by 1500. The difference of 30 is discount allowed and it is an expense and will be debitted.

4 0

3 years ago

In many cities, grocery stores find that their sales are much greater on days when they have advertised their special bargains.

Savatey [412]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Minimize inputs

b) Minimize outputs

c) Minimize the difference between the inputs and outputs

And the correct answer is the option C: Minimize the difference between the inputs and the outputs.

Explanation:

To begin with, the criteria used by those shoppers could be understood as the one that tries to minimize the difference between the inputs and the outputs due to the fact that when they see the particular good in offer they tend to buy it more frequently that when the same good is not in offer, however they do not increase the amount of goods bought instead they keep that number the same so they only take advantage of the offer itself and that is why that the company does not increase the physical volumen of the goods sold.

8 0

3 years ago

The following information is available for the Memphis and Billings companies:

igomit [66]

Answer:

(a) An income statement was prepared for Memphis and Billing Companies (b) The ROA for Memphis is = 5.6% while for Billing is 6.9%.

The ROE for Memphis is 13.9% for Billings it is 17.4%

(c) The billing company is more profitable because from the view from the stockholders it has a higher return on equity

(d) The Memphis company is the discounter

Explanation:

Solution

Given that:

(A) The Income statement for Memphis and Billing companies

Common size Income statement

Memphis % Billings %

Sales 15,00,000 100 15,00,000 100

The cost of Goods 10,50,000 70 11,25,000 75.00

The Gross profit 4,50,000 30 3,75,000 25.0

Operating expenses 3,50,000 23.3 2,50,00 16.7

Net income 1,00.000 6.7 1,25,000 8.3

(B) We compute the return assets which is given below:

The return on assets is = The net income/Total assets * 100

For Memphis,

The return on assets is = 5.6% ($100,000/18,00,000) * 100

Fro Billings,

The return on assets = 6.9% ($ 125,000/18,00,000) * 100

For the return on equity we have the following given below:

Return on equity is =Net income/Stockholder's equity * 100

For Memphis,

The return on equity =13.9% ($100,000/720,000) * 100

Fr Billings,

The return on equity = 17.4% ($125,000/720,000) * 100

(C) The Billing company is more profitable because it has a higher return on rate on equity than that of the Memphis company.

(D) The Memphis has a lower Net profit margin of 6.7% therefore it is the discounter.

4 0

3 years ago