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qaws [65]
2 years ago
6

A property is sold for $350,000. The buyer has paid $12,000 as earnest money and is obtaining a 70% loan. Based on the informati

on provided, how much additional cash will the buyer have to bring to the closing day?
Business
1 answer:
Zolol [24]2 years ago
7 0

Answer:

$93,000

Explanation:

Data provided in the question:

selling cost of the property = $350,000

Earnest money paid = $12,000

Percentage of loan obtained = 70%

Now,

The amount of loan obtained = 70% of $350,000

= $245,000

Therefore,

Amount to be paid by self

= selling cost of the property - amount of loan obtained

= $350,000 - $245,000

= $105,000

Thus,

Additional cash the buyer will have to bring to the closing day

= Amount to be paid by self - Earnest money paid

= $105,000 - $12,000

= $93,000

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Answer:

recognized on March 31 after the delivery of the equipment

Explanation:

Revenue is recognized once the recognition criteria is met. These criteria includes;

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Given that the contract specified a delivery date of March 1.

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6 0
3 years ago
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Any contractual arrangement between governments addressing their trading interactions is referred to as a trade agreement. Trade treaties can be bilateral or multilateral, that is, among two or more states.

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For more information about the Trade agreement refer to the link:

brainly.com/question/1550074

7 0
2 years ago
The U.S. government pays for _____ that producers would most likely not provide in the marketplace, such as building roads.
Bas_tet [7]
The answer is B hope this helps.
8 0
3 years ago
Read 2 more answers
Priscilla owns 500 shares of Deltona stock. It is January 1, 2016, and the company recently issued a statement that it will pay
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Answer:

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Explanation:

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