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allochka39001 [22]
3 years ago
5

Rob and Lori purchased a home for $350,000 with an additional $5,000 in related purchase costs and then added a garage at a cost

of $25,000. They sold the home for $450,000 and paid $28,000 in selling costs. How much was the gain on the sale of their home
Business
1 answer:
Aliun [14]3 years ago
6 0

Answer:

Profit = $42,000

Explanation:

Given:

House price = $350,000

Additional price = $5,000

Garage value = $25,000

Selling price = $450,000

Selling cost = $28,000

Total cost of the Assets

Purchase Home                       $350,000

Add: Additional Purchase       $5,000

<u>Add: Purchase of Garage       $25,000</u>

Total cost of the Assets          $380,000

Profit = Sale Price - (Cost Price + Selling Cost)

Profit = $450,000 - ( $380,000 + $28,000)

Profit = $450,000 - $408,000

Profit = $42,000

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Costco is following Customer Oriented Strategy in the business.

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4 years ago
Rent control policies tend to cause
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Answer:

The correct answer is d.  relatively smaller shortages in the short run than in the long run because supply and demand tend to be more inelastic in the short run than in the long run.

Explanation:

Rent control laws set limits on how much landlords can charge rent. The rent control laws specify:

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There are no federal rent control laws since the US Supreme Court. UU. He ruled that rent regulation is a state issue. Most states do not have rent control laws regulated. Only some cities and communities in some states continue to apply them.

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Andy just purchased a 2.5 acre vacant lot of land for $500,000. $41.32 per sq. yd price per square yard.

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To compete in the automobile​ market, Tesla must make many strategic decisions such as whether to introduce a new car​ model, ho
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Answer:

Explained

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