1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Monica [59]
3 years ago
6

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<u> "C) various fees paid when a home purchase is finalized".</u>


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.

You might be interested in
The Omega Corporation has some excess cash it would like to invest in marketable securities for a long-term hold. Its Vice-Presi
Leokris [45]

Answer:1

Explanation:

4 0
2 years ago
Billboard advertising is most effective for __________ advertising.
kakasveta [241]
"companies" advertising
5 0
3 years ago
Kab works hand-in-hand with the usda people's garden initiative, which:
o-na [289]
<span>It's an initiative by the United States Department of Agriculture to create School gardens, community gardens, urban farms, and small-scale agriculture projects in rural and urban areas, to benefit the community itself and help achieve sustainable development.</span>
5 0
4 years ago
When the average unit cost of a good or service decreases as the capacity and/or volume of throughput increases, it is known as
Sergeu [11.5K]
(d.) ECONOMIES OF SCALE

Economies of scale is achieved when the average goods and services decrease whereas the volume of the goods and services increases.
Diseconomies of scale is achieved when the average unit cost of goods and services increases with the increase in the volume of goods and services.

5 0
3 years ago
Assume that on December 31, 2019, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage buildi
Anika [276]

Answer:

a) the journal entry to record the signing of the lease agreement:

December 31, 2019, lease agreement signed

Dr Right of use 483,360

   Cr Lease liability 483,360

the lease liability must record the present value of the 10 annual lease payments: $68,099 and 8% discount rate:

present value of an annuity due = payment + {payment x [1 - (1 + r)⁻⁽ⁿ⁻¹⁾]/r}

  • payment = 66,699
  • r = 8%
  • n - 1 = 10 - 1 = 9

PV annuity due = 66,699 + {66,699 x [1 - (1 + 0.08)⁻⁹]/0.08} = 66,699 + 416,661 = $483,360

the journal entries to record the annual lease payments:

December 31, 2019, first annual lease payment

Dr Lease liability 66,699

   Cr Cash 66,699

December 31, 2020, second annual lease payment

Dr Lease liability 33,366

Dr Interest expense 33,333

   Cr Cash 66,699

interest expense = $416,661 x 8% = $33,333

December 31, 2020, depreciation expense

Dr Depreciation expense - leased building 48,336

   Cr Accumulated depreciation - leased building 48,336

December 31, 2021, third annual lease payment

Dr Lease liability 36,035

Dr Interest expense 30,664

   Cr Cash 66,699

interest expense = $383,295 x 8% = $30,664

December 31, 2021, depreciation expense

 Dr Depreciation expense - leased building 48,336

   Cr Accumulated depreciation - leased building 48,336

b) this would increase the right to use asset and lease liability by:

= -$5,000 + $1,000 = $4,000

c) this would increase the right to use asset and lease liability by:

= 5,000 + {5,000 x [1 - (1 + 0.08)⁻⁹]/0.08} = $36,234

8 0
3 years ago
Other questions:
  • Global industries (GI) is planning to use some existing equipment from its own facilities in a foreign project. The used equipme
    10·1 answer
  • On January 1, 2018, Brian Company purchased at par $831,000, 6 percent bonds issued by Laura Company to be held as available-for
    7·1 answer
  • Ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. using year 1 as the base year,
    14·1 answer
  • Marshall-Miller &amp; Company is considering the purchase of a new machine for $50,000, installed. The machine has a tax life of
    8·1 answer
  • The following information for "2019" pertains to Bartley Corporation: Capital contributions by shareholders $50,000 Realized los
    8·1 answer
  • The color of the text in a label control is determined by the ________ property.Rds/
    14·1 answer
  • Tanya Fletcher owns undeveloped land (adjusted basis of $80,000 and fair market value of $92,000) on the East Coast. On January
    5·1 answer
  • What is pure competition?
    14·2 answers
  • Which of the following measures the relationship between cost of merchandise sold and the amount of inventory carried during the
    13·1 answer
  • Which command staff member serves as the incident commands point of contact.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!