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Kazeer [188]
3 years ago
11

A seller agrees to sell the buyer the home theater center. What form or paragraph in the contract should the agent use?

Business
1 answer:
choli [55]3 years ago
4 0

The full question reads;

A seller of real estate property wishes to sell to a buyer for an additional price the home theater television. Which form or paragraph in the contract should be used?

<u>Answer:</u>

<u>The Non-Realty Items Addendum</u>

<u>Explanation:</u>

Considering the circumstances of such a contract, the seller is allowed to use the Non-Realty Addendum. A term or paragraph in a contract that applies to items that are not included in the sale of the home.

In this case, the item not included in the sale of the home was the home theater television.

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Determine the monthly payment of a loan for $3,000 at 7. 5% interest compounded monthly for 36 months. A. $93. 32 b. $95. 40 c.
den301095 [7]

The correct statement is that the monthly payment of a loan of $3000 will be $104.11. The calculations obtained are not relevant with the options of the statement quoted above.

The calculations can be done by applying the values to the formula of compounded interest and then further multiplying the values obtained with the number of monthly payments.

<h3>Calculation of Compounded Monthly Payments </h3>

  • The formula to calculate compound interest is as below.

  • \rm Compounded\ Annuity= 3000(1+ \dfrac{0.075}{12})^1^2\ ^x\ ^3\\\\\\\rm Compounded\ Annuity= 3000(1+ 0.00625)^3^6\\\\\\\rm Compounded\ Annuity= $3754.11

  • The values obtained will now be derived into the following formula,

  • \rm Compounded\ Payments = \dfrac{Annuity}{No.\ of\ Monthly\ Payments}\\\\\\\rm Compounded\ Payments = \dfrac{3754.11}{36}

  • Continuing further,

  • \rm Compounded\ Payments= \$104.11

So, it is clear that the compounded monthly payments will be $104.11.

Hence, the monthly payment of loan for 36 months will be $104.11 which will be paid monthly at the rate of 7.5%.

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3 years ago
Which advertising career interest you the most?
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The August current year bank statement for Allison Company and the August current year ledger account for cash follow:
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The August current year bank statement for Allison Company and the August current year ledger account for cash follow is

1. Deposits in transit as on August 31 are $5,400.

2. Outstanding checks are $280 and $460 amounting to a total of $740 (280+460).

3. Bank reconciliation statement-

Particulars Amount ($) Particulars Amount ($)

Balance as per cash account* 22,475 Balance as per bank account 20,235

Add: Interest collected 2,550 Add: Deposits in transit 5,400

25,025   25,635

Less: Bank service charge (130) Less: Outstanding checks (740)

Adjusted book balance 24,895 Adjusted bank balance 24,895

*Balance as per cash account = 16,470+11,800+4,450+6,900+5,400-185-860-280-460-750-260-19,750

= 22,475

4. Journal entries-

S.No. Accounts titles and Explanation Debit ($) Credit ($)

1. Cash 2,550  

 Interest received   2,550

(To record the interest collected)    

 

2. Bank service charges 130  

  Cash   130

(To record the bank service charges)    

5. Balance sheet  

Current assets  

Cash and cash Equivalent 24,895

In accounting, a well-known ledger is used to fill all of an agency's transactions. inside a general ledger, transactional data is organized into assets, liabilities, sales, fees, and proprietor's equity. After each sub-ledger has been closed out, the accountant prepares the trial stability.

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4 0
2 years ago
 Because of its importance in summarizing your strategy, the Introduction and Overview of your business plan should be 
Rashid [163]

Answer:

Because of its importance in summarizing your strategy, the Introduction and Overview of your business plan should be written last-B.

3 0
3 years ago
Sasha is a single woman who is paid $16 per hour for 2,000 hours of work per year. Using her exemption of $4,050 and her standar
densk [106]
For this case what you must do is the following operation:
 Taxable income = Household income-Personal exemption-Standard deduction.
 Substituting the values we have:
 Taxable income = ((16) * (2000)) - (4050) - (6350)
 Taxable income = 21600 $
 Answer: 
 her taxable income is 21600 $
4 0
3 years ago
Read 2 more answers
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