What is this form used for?

A lender estimates that the closing costs on a $293,600 home loan will be $11,010. the actual closing costs were 3.25% of the lo

mestny [16]

The closing cost of the house mortgage is lower than the envisioned by 0.5%.

<h3>What is the closing cost?</h3>

Closing expenses are the prices over and above the property's rate that consumers and dealers generally incur to finish an actual property transaction.

Those expenses may also encompass mortgage origination fees, cut price points, appraisal fees, name searches, name insurance, surveys, taxes, deed recording fees, and credit score file charges.

The lender is required by regulation to expose those expenses in the form of a mortgage estimate within 3 days of a domestic mortgage application.

Gifts of equity (actual property income given to a relative or close pal at a below-marketplace rate) can also incur a few closing cost.

So, from the above announcement, it's clear that alternative D, decreasing by 0.5%, is an appropriate answer.

Learn more about closing cost, refer to:

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4 0

3 years ago

Kowabunga was a US based beach clothing and gear company. The owner of the company wanted to expand into markets in Mexico, Aust

Digiron [165]

Based on the given details the external business factor environment that did the company evaluate for its expansion is sociocultural.

Socio-cultural as a business external factor has to do with the environment culture or customs and belief as well as the type of fashion trend they have in vogue.

For a clothing company to be successful the consumer, their income level or wealth, growth rate and the environment at large has to be put into consideration.

The company has to as well evaluate the market activities of the country as this can help to influence their decision when trying to expand into another country market as well as their strategic goals when introducing their product into an another country.

Inconclusion the external business factor environment that did the company evaluate for its expansion is sociocultural.

Learn more about sociocultural here:brainly.com/question/24769813

5 0

2 years ago

_____ 2. The Cost of Goods Manufactured represents: A. the amount of cost charged to jobs during the period. B. the amount of co

andre [41]

Answer:

C. the amount of cost placed into production during the period.

Explanation:

The Cost of Goods Manufactured comprehends all direct materials, direct labor, and factory overhead incurred during the period. Adding the beginning work in process inventory and deducting the ending work in process Inventory.

Formula: COGM

Direct Materials Used (Beggining Iinventory + Purchases - Ending Inventory)

+ Direct Labor Used

+ Manufacturing Overhead

+ Beginning Work in Process (WIP) Inventory

- Ending Work in Process (WIP) Inventory

7 0

3 years ago

Simba Company’s standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases a

Lelechka [254]

Answer:

A)1192 A

B) 192 A

C) 1000 A

Explanation:

The Question is to Compute Simba Company's Total, Price, and Quantity materials Variances

1) Computation of material Cost Variance

= The Standard Cost - The Actual Cost of the material

= 1,500 units x 2 pounds = 3000 pounds

Standard Cost = 3,000 pounds x $5 = $15,000

Therefore material variance = $15,000 - $16,192 = 1192A

2) The material Rate Variance or the Price Variance

= (Standard Rate - Actual Rate) Actual Quantity

= Actual Rae = $16,192 / 3200 = $5.06

Material Rate Variance = (5- 5.06) x 3,200

= 192 A

3) The material Usage Variance or Quantity variance

= (The Standard Quantity - Actual Quantity) Standard Rate

Standard Quantity = 1,500 Units x 2 Pounds = 3000 pounds

Material Usage Variance = (3,000-3,200) 5

= 1000 A

5 0

3 years ago

Conversion to an e-commerce or m-commerce system enables organizations to increase the accuracy of order processing and order fu

Dmitrij [34]

Answer: True

Order fulfillment is the procedures in receiving, processing of orders until they reach the end customers. A fulfillment service is a third-party group that takes these procedures such as online sellers.

Due to conversion to an electronic format ( via e-commerce or m-commerce) online sellers are provided higher accuracy when it comes to processing of ordera and order fulfillment.

6 0

4 years ago