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madam [21]
3 years ago
14

Prior to closing, a final walkthrough of the property should be performed to ensure that everything has remained as stated in th

e sales contract. The walkthrough is generally completed by the:
Business
1 answer:
vitfil [10]3 years ago
3 0

Prior to closing, a final walk through of the property should be performed to ensure that everything has remained as stated in the sales contract. The walk through is generally completed by the: buyer

<h3><u>Explanation:</u></h3>

In real estate field final walk through refers to the inspection that is carried out finally before signing the documents. The local purchase and sales contract determines the time period at which the final walk through must be taken place. It helps the buyer to ensure the conditions to the property before signing the legal documents.

A final walk through helps a buyer to inspect whether all the things that are stated in the sales contract are fulfilled by the seller. Hence, it must be completed only by the buyer. If the seller has mentioned some modifications or repairs to be done then it should also be completed as per the stated requirements of the buyer.

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What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont
Nadusha1986 [10]

We expect to lose $0.37 per lottery ticket

<u>Explanation:</u>

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}

P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}

The probability of losing would be:

P(loss) = 1 - P(win)

P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

= 9,999,999 X \frac{1}{15,890,700}  + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37

Thus, we expect to lose $0.37 per lottery ticket

7 0
3 years ago
Q 9.37: when should the gross profit method of inventory valuation not be used because it is invalid?
rusak2 [61]
At  the  end  of  given  period the  gross  profit  method  is  required  to  estimate  inventory.The  valuation  become  invalid  when the  following  are  not  available.the  value   for   the  beginning of inventory,records  of  purchase  made, the  total  sale  during  the  period   and  the  gross  profit  margin.
5 0
2 years ago
Molteni Motors Inc. recently reported $3 million of net income. Its EBIT was $6.75 million, and its tax rate was 40%. What was i
blsea [12.9K]

Answer:

Interest= $1750000

Explanation:

We know that:

EBIT

interest (-)

=earnings before taxes

tax (-)

=Net profit

EBIT= 6750000

Interest= ?

t= 0,40

Net profit= 3000000

interest= [netprofit/(1-t)]- EBIT

interest= (3000000/0,60)-6750000

interest= 1750000

Tax=(EBIT-interest)*0,35= 2000000

7 0
3 years ago
Many in the advertising industry are calling for a new way to measure a commercial’s effectiveness, _____________, an accountabi
Vsevolod [243]

ROI is the answer to this question. ROI or Return of Investment is when the capital is now gained back and the business computes the amount of profit during the time the investment was returned. Return of investment is computed by dividing the benefit of investment over the cost of investment. 

6 0
3 years ago
Shamrock Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company declared a $3
Leni [432]

Answer:

d) $4.00.

Explanation:

Net Income = $34,000

Common shares outstanding = 8,500 shares

Earning Per share = Net Income for the period / Common shares outstanding

Earning Per share = $34,000 / 8,500 shares

Earning Per share = $4 per share

The company's earnings per share is $4.

Divided declared has nothing to do in the calculation of Earning per share because we just measure the earning against each share which involves net income and number of outstanding shares only.

3 0
3 years ago
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