All categories

3 years ago

One reason to buy a home instead of rent a home is:

Business

2 answers:

kobusy [5.1K]3 years ago

6 0

I think the answer is A. Homes have the potential to appreciate in value over time.

Reptile [31]3 years ago

3 0

The option A is correct.

One reason to buy a home instead of rent a home is that the homes have the potential to appreciate over time.

Further Explanation:

Buy a home:

Buy a home means to purchase a home by investing a huge amount of money. It also refers to owning. Owning means to get possession of something. For example, acquire the property, purchase a home, purchased machinery, and purchased equipment. Owning can lead to lower costs in the long term.

Rent a home:

Rent a home means the tenant pays a fixed amount of money to the owner of the home. The rent has to be paid every month. The amount of rent can be varied according to the type of house, availability of home to the nearby park, hospital and any other basic amenities, the home would be park facing and sun-facing, and many other factors should be considered for computing the amount of rent.

Justification for the correct and incorrect answer:

Homes have the potential to appreciate over time: This option is correct.

The renting home does not have any benefit regarding the increase in the price of a home; it will give the benefit to the owner of the home. So this option is correct to buy a home instead of rent is better off because it has the potential to increase the value of the home.

Homes have fewer maintenance costs: This option is incorrect.

Homes need more maintenance costs, but in case of rent a home, there is no need for maintenance costs. The maintenance cost is paid by the owner of the home.

Buying a home requires less money upfront: This option is incorrect.

To purchase a home, it requires a lot of money at the upfront time. This statement is incorrect.

Buying a home is a more flexible housing option:This option is incorrect.

Renting a home is a more flexible housing option than buying a home. Now the individual cannot move from place to place as it requires more money. This statement is incorrect.

Learn more:

1. Learn more about renting

brainly.com/question/2288011

2. Learn more about owning

brainly.com/question/2731676

3. Learn more about owning vs. renting

brainly.com/question/2665554

Answer details:

Grade: Middle School

Subject: Accounting

Chapter: Owning vs. Renting

Keywords: the reason to buy, a home, instead of, rent, a home is, have the potential, appreciate, value over time, fewer, maintenance costs, less money, upfront, more flexible, housing option.

You might be interested in

When Alfred Weber published his book Theory of the Location of Industries (1909), what did he select as the critical determinant

ELEN [110]

Answer:

Transportation costs.

Explanation:

Alfred Weber lamented in his theory that the industries would set up where the least cost of transportation of raw material and finished goods would incur.

He determined transportation costs on the basis of the difference of weight of raw material coming in and final product going out. And the proximity to the source of raw material.

4 0

2 years ago

Which of the following is a drawback of virtual teams?a. They are highly rigid because of organizationally dispersed team member

SVEN [57.7K]

Answer: A. They are highly rigid because of organizationally dispersed team members.

C. They often suffer from a lack of understanding regarding the team's purpose.

4 0

3 years ago

Read 2 more answers

A(n) _____ is something a person wants to get out of a job or that brings them job satisfaction. a. personal value b. work value

vampirchik [111]

Answer:

It would most likely be be D. Interest

7 0

3 years ago

Concord Corporation had the following transactions during 2022: 1. Issued $190000 of par value common stock for cash. 2. Recorde

sergejj [24]

Answer:

The net cash provided by financing activities -$157,600.

Explanation:

Net cash provided by financing activities refers to the difference between the total cash inflows and total cash outflows from the financing activities section of the cash flow staement.

The net cash provided by financing activities can be calculated by preparing a partial cash flow statement as follows:

Concord Corporation

Net Cash Flow Statement (Partial)

As at December 31, 2022

Details Amount

Par value common stock issued for cash 190,000

Dividend declared and paid in cash (15,200)

6-year note payable repaid (334,400)

Net cash provided by financing activities (157,600)

Therefore, the net cash provided by financing activities -$157,600.

Alternatively, the net cash provided by financing activities can be calculated as follows:

Net cash provided by financing activities = Par value common stock issued for cash - Dividend declared and paid in cash - 6-year note payable repaid = $190,000 - $15,200 - $334,400 = -$157,600

7 0

3 years ago

Shahia Company bought a building for $89,000 cash and the land on which it was located for $107,000 cash. The company paid trans

kramer

Answer:

Explanation:

The net book value of the property(land and building) at the end of year 2

Building(89,000 + 7,000 + 16,000) 112,000

Less; Depreciation for 2 years(10,200*2) (20,400) 91,600

Land(107,000 + 3,000) 110,000

Net book value of property 201,600

8 0

3 years ago