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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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Lunna [17]

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3 years ago

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3 years ago

Which type of lender is most likely to charge the highest interest rate?

jenyasd209 [6]

Answer:

B

Explanation:

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2 years ago

Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent $ 42,000

Doss [256]

Answer:

Results are below.

Explanation:

1) Direct materials are those materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product.

Direct material= Thread + Premium quality cotton material + Buttons

Direct material= 1,000 + 42,000 + 750

Direct material= $43,750

2) Direct labor is production or service labor that is assigned to a specific product, cost center, or work order. 

Direct labor= Wages paid to seamstresses + Wages paid to cutters Direct labor= 75,000 + 50,000

Direct labor= $125,000

3) Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.

Manufacturing overhead= Factory rent + Utilities for factory + Cutting room supervisor's salary + Factory insurance + Depreciation on sewing machines

Manufacturing overhead= 42,000 + 22,000 + 30,000 + 15,000 + 6,000

Manufacturing overhead= $115,000

4) Total manufacturing costs= 43,750 + 125,000 + 115,000

Total manufacturing costs= $283,750

5) Prime cost= direct material + direct labor

Prime cost= 43,750 + 125,000

Prime cost= $168,750

6) Conversion cost= direct labor + MOH

Conversion cost= 125,000 + 115,000

Conversion cost= $240,000

7) Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. SG&A includes costs of the corporate office, selling, marketing, and the overall administration of company business.

Period costs= Company advertising + Depreciation on salespersons' vehicles + President's salary

Period costs= 18,000 + 25,000 + 75,000

Period costs= $118,000

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3 years ago

Hello guys please follow me promise to follow back

Zina [86]

Answer:

OK Sure! On brainly?

6 0

2 years ago

Read 2 more answers