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hjlf
3 years ago
14

On February 1, a seller paid $1,140 in annual property tax for the current calendar year. He sold the house with the closing set

for April 1. What will be the seller's credit for the property taxes already paid if the buyer pays for the day of closing?
Business
1 answer:
tigry1 [53]3 years ago
6 0

Answer:

$288

Explanation:

Since the total property taxes for the year are $1,140, to find the property tax per month we have to divide by 12 ⇒ $1,140 / 12 = $95 per month

The seller is responsible for paying the property taxes during 3 months and 1 day, to find out the amount for that 1 day we divide the monthly tax by 30 = $3.17 per day.

the total seller's credit = ($95 x 3) + $3 = $285 + $3 = $288

*The seller's credit includes all the expenses that must be paid by the seller, while the seller's debit includes all the money that he receives.

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The EOQ model Group of answer choices determines the order size that minimizes total inventory costs. determines when to place a
mel-nik [20]

Answer:

All of the above

Explanation:

The economic order quantity refers to find out the size of order by minimizing the total cost i.e carrying cost and the ordering cost. It also tells when to place an order plus it is very sensitive to change the demand or estimation of the cost

The formula to compute the economic order quantity is

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

Hence, the all of the above option is correct  

6 0
3 years ago
Southern Wear stock has an expected return of 15.1 percent. The stock is expected to lose 8 percent in a recession and earn 18 p
kari74 [83]

Answer:

15.26%

Explanation:

Given:

Expected return = 15.1% = 0.151

Expected loss in recession = - 8% = - 0.08   [negative sign depicts loss]

Expected earning in a boom = 18% = 0.18

Probabilities of a recession = 2% = 0.02

Probabilities of a normal economy = 87% = 0.87

Probabilities of a boom = 11% = 0.11

Now,

Expected return = ∑ (Probability × Return)

or

0.151 = 0.02 × ( - 0.08) + 0.11 × 0.18 + 0.87 × Return on normal economy

or

0.151 = - 0.0016 + 0.0198 + 0.87 × Return on normal economy

or

0.151 - 0.0182  = 0.87 × Return on normal economy

or

Return on normal economy = 0.1526

or

= 0.1526 × 100%

= 15.26%

4 0
2 years ago
In which of these instances is demand said to be perfectly inelastic?
Murljashka [212]

Answer:

b. A decrease in price of 2% causes an increase in quantity demanded of 0%.

Explanation:

By definition, the demand is said to be <em>perfectly inelastic</em> when no matter how much the price of a good changes, you will still be consuming the same exact amount as you did before the price changed.

Keeping this in mind, we know that the price may increase or decrease in 2%, but the demanded quantity will not have any change at all (people won't consume less or more).

So, now we know that the correct answer is <em>b, </em>because a decrease in price of 2% causes an increase in quantity demanded of 0% - in other words, people's purchase decision weren't influenced by the change in the price.

5 0
2 years ago
One example of a primary market transaction would be the:
Reika [66]

An example of primary market transaction occurs when there is a presence of creation of securities in which there is an initial public offering the occurs in a market n means for having to make the market to sell for the first time as it is associated or showed in the public.

6 0
2 years ago
Find the volume of the box​
grandymaker [24]

Answer:

V = l x w x h.

Explanation:

Understand the volume of a rectangle equals it's length x width x height. If your box is a rectangular prism or a cube, the only information you need is the box's length, width, and height. You can then multiply them together to get volume.

8 0
3 years ago
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