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3 years ago

What are closing costs?

Business

2 answers:

AlekseyPX3 years ago

4 0

I think it would be c

WITCHER [35]3 years ago

3 0

The answer is "C) various fees paid when a home purchase is finalized".

The term "closing costs" incorporates an assortment of costs over the price tag of your property, for example, charges for a lawyer, a title seek, title protection, charges, bank expenses and some forthright lodging costs, for example, mortgage holders protection. A portion of those expenses are nonnegotiable, for example, recording or exchange charges charged by your state or nearby government. Others, for example, your loan specialist's expense, can be arranged. You may likewise have the capacity to consult with the home seller or your bank to cover a portion of your closing costs.

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Listed below are certain costs (or discounts) incurred in the purchase or construction of new plant assets. Indicate whether the

Ann [662]

Answer:

a. Capitalized : Equipment

b. Expensed

c. Capitalized : Building

d. Expensed

e. Capitalized : Equipment

f. Capitalized : Building

g. Capitalized : Building

h. Capitalized : Equipment

Explanation:

The Cost of Property, Plant and Equipment item according to IAS 16 includes, the Purchase Cost and any cost directly incurred in putting the assets in location and condition intended for use by management.

The costs exclude amounts collected in tax on behalf of third parties

Also not Capital expenditures increase the earning ability of the asset whilst revenue expenditure is the maintenance of such asset.

6 0

3 years ago

"Slumming" meant:

Andru [333]

Answer:

Explanation:

The word 'slumming' can be defined as an act of going to socially low-level area and spending time there either with the purpose to do charity or just out of curiosity.

Harlem is a city located in the neighbourhood of New York City after blacks migrated to the place the city became a restricted area to go.

But in the early 1920s, the whites began slumming to Harlem. They left their sophisticated ways to get a share of black life. They packed themselves in speakeasies, dancehalls, jazz clubs, etc.

So, the correct answer is option A.

8 0

3 years ago

Your firm needs a computerized line-boring machine that costs $90,000 and requires $16,000 in maintenance costs for each year of

sladkih [1.3K]

Answer:

The aftertax salvage value of the machine is D) $10,134

Explanation:

Hi. first, we need to find out the book value of the machine at the selling date, that is 3 years from now, and the book value is as follows.

$BookValue=90,000-90,000*0.3333-90,000*0.4444-90,000*0.1482=6,669$

Since taxes are based on the profit you make by selling something, our profit is:

$Profit=12,000-6,669=5,331$

Therefore, our taxes are:

$Taxes=5,331*0.35=1,866$

So, the after tax salvage value of the machine is the money you received on the sale minus the taxes you have to pay, that is:

Salvage Value of the Machine = $12,000 - $1,866?= $10,134

That is option D)

Best of luck.

3 0

3 years ago

Companies that have become successful with a limited standard product offering often fall into the trap of subsequently broadeni

DiKsa [7]

Answer:

True

Explanation:

When a company successfully offers a product or few products to customers, it tends to expand the range of products it has to offer.

For a company to increase its range of products successfully, it has to realize that it must make corresponding changes to its processes to accommodate the addition of new products.

However oftentimes, companies do not make the necessary changes to their process strategy when expanding their product offerings.

8 0

3 years ago

What event changed the laws in the US about companies bribing officials?

Margaret [11]

The Watergate scandal is what changed the laws in the US about companies bribing officials.

4 0

3 years ago