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kirza4 [7]
4 years ago
10

Additional fees that are paid when finalizing a home purchase are also known as _____.

Business
2 answers:
Effectus [21]4 years ago
7 0
The answer is "closing cost", because if you're at the end of buying your house then its called a "closing cost".
melisa1 [442]4 years ago
7 0

Additional fees that are paid when finalizing a home purchase are also known as <u>"closing costs". </u>


Closing costs allude to the charges and expenses that are paid when a house buy is settled. The two purchasers and sellers pay shutting expenses to the specialist organizations who help encourage the exchange. Normally, the purchaser's expenses incorporate home loan protection, mortgage holder's protection, examination charges and property charges, while the merchant covers possession exchange expenses and pays a commission to their land operator. Purchasers frequently consult with their new home's dealer to cover a portion of their closing costs.  


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A guitar manufacturer is considering eliminating its electric guitar division because its $76,000 expenses are higher than its $
stepladder [879]

Answer:

The electric guitar division should be: Kept

Explanation:

Currently it has a profit of $280 individually and After elimination it will incur a loss of $4280 which is the loss of profit of 280 and current loss of $4,000. This division should be kept because it is making enough profit to compensate all the avoidable and unavoidable expenses with making addition profit of $280, Otherwise there will be a net loss of $4,280 due to some unavoidable expenses.

Working is made in an attached MS Excel file, please find it.

Download xlsx
4 0
4 years ago
Match each transaction with the appropriate journal in which it should be recorded.a. Sales journalb. Purchases journalc. Cash r
Basile [38]

Answer and Explanation:

The matching is as follows:

1. Cash receipts journal - since cash is received

2. General journal - since the items is returned

3. Purchase journal - since purchase is done

4. Purchase journal - since purchase is done

5. Cash disbursement journal - since cash is paid

6. Cash disbursement journal - since cash is paid

7.  Purchase journal - since purchase is done

8. General journal - since expenses are recorded

9. General journal - since the items is returned

10. Cash receipts journal - since cash is received

5 0
3 years ago
Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system a
atroni [7]

Answer: Check attachment

Explanation:

Apr. 17:

Account payable:

= $6500 - $900

= $5600

Merchandise Inventory

= $5600 × 2%

= $5600 × 0.02

= $112

Cash = $5600 - $112

= $5488

Apr. 28:

Account payable:

= $12300 - $500

= $11800

Merchandise inventory

= $11800 × 1%

= $11800 × 0.01

= $118

Cash = $11682

Check attachment

8 0
4 years ago
A firm successfully implementing a differentiation strategy would expect: a. to have high levels of power over suppliers. b. to
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6 0
3 years ago
Minerals are structurally simple, inorganic substances that exist as groups of one or more of the same atoms. In chemistry, what
olga_2 [115]

Answer:

The substance does not contain carbon .

Explanation:

Usually, an inorganic substance is a type of chemical substance that loses bonds with carbon-hydrogen, that is, a product that is not biological.

  • The difference, though, is not defined and accepted, and experts have varying views on the matter.
  • An inorganic compound, any material which generally combines two or more chemical compounds other than carbon, almost always in clear and obvious percentages.

5 0
3 years ago
Read 2 more answers
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