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Helen [10]
4 years ago
9

Mr. Jackson purchases a home for $90,000. He paid $4,000 as an earnest money deposit, and is obtaining an 80% loan. Costs includ

e $250 for title insurance, recording fees of $60, and a tax proration fee of $430. Mr. Jackson will need to bring a check to closing in the amount of:
Business
1 answer:
Sergio [31]4 years ago
8 0

Answer:

Mr. Jackson will need to bring a check to closing in the amount of $14,470

Explanation:

The computation of the closing amount is shown below:

= Down payment + title insurance + recording fees + tax proportion fee - = earned money deposit

where,

Down payment = Purchase cost × remaining percentage (100% - 80%)

                         = $90,000 × 20%

                         = $18,000

The other values remain same

So, the value would equal to

= $18,000 + $250 + $60 + $430 - $4,000

= $14,470

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If the japanese yen appreciates against the u.s. dollar,
Burka [1]

Answer:

If the Japanese yen appreciates against the U.S. dollar,

a. Japanese businesses gain by a decrease in the dollar price of exports to the United States.

b. Japanese consumers gain by a decrease in the yen prices of U.S. exports to Japan.

c. Japanese consumers lose by an increase in the yen price of U.S. exports to Japan.

d. U.S. consumers gain by a decrease in the dollar price of Japanese exports to the United States.

8 0
2 years ago
During 2020 the Blossom Company had a net income of $84000. In addition, selected accounts showed the following changes: Account
hjlf

Answer:

The amount of cash provided by operating activities was $83,600

Explanation:

The amount of cash provided by operating activities is calculating by using following formula:

Net Income + Non-Cash Expenses (Depreciation, Depletion & Amortization Expense) + Non-Operating Losses (Loss on Sale of Non-Current Assets) − Non-Operating Gains (Gain on Sale of Non-Current Assets) + Decrease in Current Assets − Increase in Current Assets + Increase in Current Liabilities − Decrease in Current Liabilities.

In the Blossom Company,

The amount of cash provided by operating activities = Net Income + Depreciation Expense - Increase in Accounts Receivable + Increase in Accounts Payable = $84,000 + $1,300 - $2,500 + $800 = $83,600

8 0
4 years ago
Human capital refers to:
Digiron [165]

Answer:

C. the skills and knowledge that enable a worker to be productive.

Explanation:

'Human Capital' is the stock of knowledge & skills embodied in people, enabling them to perform labour of economic value. It is considered as 'capital' because skills & knowledge development to become more productive yields better income & standard of living.

Human Capital formation i.e knowledge, skills & productivity enhancement has two crucial components : Education and Health.

Options A, B, D are inapt because : Human Capital is not 'physical capital', 'financial wealth', 'machinery' ; but is rather immaterial knowledge & skill set in people.

4 0
3 years ago
Suppose that the government of Ping's country hears of the working conditions and the country seizes the Quality Dragon plant wh
ella [17]

Answer: a. expropriation

Explanation:

Expropriation happens when privately owned property are forcefully taken by government for it to be used by the general public. It is an act of depriving people of their right to property, although expropriation is to the advantage of the general public. In most countries especially in the US expropriation occurs when there is a need to embark on certain infrastructural project such as airports, railroads, etc.

6 0
3 years ago
A firm has a capital structure with $30 million in equity and $90 million of debt. The cost of equity capital is 11% and the pre
Mkey [24]

Answer: 6.69%

Explanation:

The weighted average cost of capital is calculated as:

= (Weight of equity * Cost of equity) + (Weight of debt * after-tax cost of debt)

Weight of equity:

= 30 million / (30 + 90 million)

= 25%

Weight of debt:

= 100% - Weight of equity

= 100% - 25%

= 75%

WACC = (25% * 11%) + (75% * 7% *(1 - 25% tax rate))

= 2.75% + 3.9375%

= 6.69%

7 0
3 years ago
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