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4 years ago

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 "closing costs".

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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The following income statement is provided for Vargas, Inc. Sales revenue (2,500 units × $60 per unit) $ 150,000 Cost of goods s

Likurg_2 [28]

Answer:

The correct answer is 3.

Explanation:

According to the scenario, the computation of the given data are as follows:

Variable cost = Cost of goods sold (variable) + Supplies

= $50,000 + $10,000 = $60,000

Fixed cost = Cost of goods sold (fixed) + Administrative salaries + Depreciation

= $8,000 + $42,000 +$10,000 = $60,000

So, we can calculate the operating leverage by using following formula:

Operating leverage = Contribution margin ÷ Net operating income

Where, Contribution Margin = Sales revenue - Variable cost

= $150,000 - $60,000 = $90,000

And Net operating income = Contribution Margin - Fixed Cost

= $90,000 - $60,000 = $30,000

By putting the value, we get

Operating leverage = $90,000 ÷ $30,000

= 3

3 0

3 years ago

Which of the following is TRUE? " When a market price allocates resources, everyone who is able to pay the price gets the resour

sladkih [1.3K]

Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.

Explanation:

The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.

For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.

7 0

3 years ago

for the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entr

Andrew [12]

Following Adjustments are being shown below.

Which two accounts are affected ?

Prepaid insurance

What kind of accounts are they?

Current asset

Do the account balances increase or decrease?

Increase

Do we debit or credit the accounts?

Debit

Since insurance is paid in advance for the upcoming six months, the account that will be debited will be a prepaid insurance account.

To learn more about Journalizing, Click the links.

brainly.com/question/27159868

brainly.com/question/18684550

#SPJ4

4 0

1 year ago

Richa, an instrumentation engineer, has been assigned a challenging task of designing a specialized device to sterilize medical

jonny [76]

Answer:

Option C.

Explanation:

According to the expectancy theory, or expectancy theory of motivation, an individual behaves or act in a certain way, because he/she is motivated to choose a particular behavior over others, because of what the expected result of the chosen behavior will be. What this means is that, the motivation of the behavior selection lies in the desirability of the outcome.

Expectancy theory talks about the mental processes involved as regards choice, or choosing. It attempts to show the processes that an individual undergoes in order to make choices.

As we can see in the scenario above, Richa is motivated by the belief that hard work and perseverance will help her perform well and complete the design on time, and so, this is the behavior that she has chosen, which has led to the desired outcome of completing the design on time.

5 0

3 years ago

Parent Corporation purchased land from S1 Corporation for $220,000 on December 26, 20X8. This purchase followed a series of tran

docker41 [41]

Answer:

$160,000

Explanation:

On February 15, 20X8, S3 Corporation purchased the land from a non affiliate for $160,000.

That was the last operation involving a third party.

The rest of the operation should not recognize any income or loss.

If not, a company can create artificial gains and losses by selling the asset at diferent prices.

It will sale higher on one company to avoid a net loss

and then sale cheaper on another to decrease the taxable income.

That's why it will be "lock" at 160,00 until an operation is made with a non-affiliate company

5 0

3 years ago