If someone buys a home for $200,000 and makes a 20 percent down payment, that person will have to pay $40,000 up front.
<h3>What is Down payment?</h3>
- An advance, partial payment known as a down payment is made when buying expensive products or services like a home or a car.
- Typically, it is paid in cash or an equivalent at the time the transaction is completed. The remaining payment must then be financed through a loan of some kind.
- A greater down payment typically indicates that you are a less risky borrower, and a lower interest rate reflects a less hazardous borrower.
- A lower interest rate will enable you to pay less interest overall and save you money on your monthly payment.
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Answer:
A. Dr Cash 52,000
Cr Common Stock 10,000
Cr Paid-in Capital in Excess of Par-Common Stock 42,000
B. Dr Cash 52,000
Cr Common Stock 10,000
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
C. Dr Cash 52,000
Cr Common Stock 52,000
D. Dr Organization Expense 52,000
Cr Common Stock10,000
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
E. Dr Land 52,000
Cr Common Stock 10,000
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
Explanation:
Preparation of the entry for the issuance
A. Dr Cash 52,000
Cr Common Stock 10,000
(2,000 x 5 )
Cr Paid-in Capital in Excess of Par-Common Stock 42,000
(52,000 – 10,000)
B. Dr Cash 52,000
Cr Common Stock 10,000
(2,000*5)
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
(52,000 – 10,000)
C. Dr Cash 52,000
Cr Common Stock 52,000
D. Dr Organization Expense 52,000
Cr Common Stock10,000
(2,000*5)
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
(52,000-10,000)
E. Dr Land 52,000
Cr Common Stock 10,000
(2,000*5)
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
(52,000-10,000)
Answer:
$59,400 favorable
Explanation:
The computation of the direct material quantity variance is shown below;
As we know that
Direct material quantity variance is
= Standard Price × (Standard Quantity - Actual Quantity)
= $9 × (16,400 pounds - 9,800 pounds)
= $9 × 6,600 pounds
= $59,400 favorable
The favorable variance indicates that the standard quantity is more than the actual quantity and the same is to be considered
Answer:
The correct answer is A
Explanation:
EOQ stands for Economic order quantity, it is the model which evaluated or determine the amount to order by using the assumptions that cost per unit of the items purchased which remain fixed irrespective of the number of the units ordered.
The quantity discount model that investigates the aggregate annual inventory costs with and without discounts. The main motive of EOQ with the quantity discount model is to minimize the total of the purchase, annual carrying and holding cost.
Answer:
More consistent and extended education leads to more job opportunities, increased income, and the ability to change one's economic status.
Explanation:
Education has not only a connection to sanitation and hygiene elements in informal settlements, but also to general career development
