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Anton [14]
3 years ago
14

Susan seller gave her agent a 60 days listing to sell her home for $200,000. the seller specified in the exclusions section of t

he listing agreement that her prized iris plants would be removed prior to close and the iris bed repaired to eliminate the damage of plant removal.
public records indicates the home is 2,400 square feet, has 3 bedrooms, 2 bathrooms, a 90% finished basement and a two car garage. last year's taxes were $1,832 and have been paid.
an offer was made and accepted with a sales price of $190,000. the buyers submitted earnest money of $3,000 under liquidated damages. the inspection objections must be made by march 27. the survey must be completed by april 10. review of title must be completed by april 10.
the sellers indicated in the seller's property disclosure that the water heater had leaked. the water heater was replaced and all water damage repaired. the sellers further disclosed that the concrete basement floor had lifted due to expansive soils creating a crack in the concrete floor.
although closing was set for may 1st, a delay in the lender processing of the buyer's loan forced a change in close to may 10th. this change was accepted by both parties. the cost of the survey was $450. the closing fee charged by the closing company is $150 to be split by both parties.
what is debit entry on the settlement sheet for the seller's prorated share of property taxes. the buyer is responsible for the day of closing. use a 365 day year:
a. $342.90
b. $647.47
c. $782.18
d. $1,782.34
Business
1 answer:
Kaylis [27]3 years ago
3 0

Answer:

B) $647.47

Explanation:

The initial closing date was set for May 1st, but due to a problem with the buyer, it was moved to May 10th but that date was accepted by the seller. This means that the buyer should be responsible for the property taxes starting May 10th.

Property taxes per day = $1,832 / 365 days = $5.02 per day

Susan is responsible for paying 31 days in January, 28 days in February, 31 days in March, 30 days in April, and 9 days in May = 129 days x $5.02 = $647.47

The buyer is responsible for $1,184.53 in property taxes.

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Elan Coil [88]

Answer:

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Empowerment is the process of giving authority or power to an individual to carry out an action.  

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3 years ago
Provide 8 factors that impede business ability of Africans
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Many potential entrepreneur have been discouraged from starting their enterprises because of various business impediment.

The factors that impede the business ability includes:

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2 years ago
The contestable market model of oligopoly bases pricing and output decisions on:
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Answer:

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Explanation:

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What happens is that the structure and culture of an organization constitute its identity, its way of organizing itself and creating an environment designed to obtain the objectives and goals stipulated by strategic planning. So it can be said that there is no way to develop a strategic plan without considering the structure or culture, because it is through these two variables that action plans are developed and modeled according to what the company is, and what it plans to be in the future. All organizational systems must be foreseen in the planning and be developed with the same degree of importance, because together they form the organizational whole that will lead a company to be well positioned in the market, achieve continuous improvement in its processes, achieve competitive advantage in the market, etc.

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