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Wewaii [24]
4 years ago
5

Certain closing costs will be prorated to account for the period of time during which the seller occupied the house. If a transa

ction is scheduled to close on May 17 (136 days into a 365-day year), calculate the amount that the buyer will be credited if the particular closing cost in question is estimated to be $1,000 for the entire year.A. $372.60B. $1,000.00C. $182.19D. $624.66
Business
1 answer:
tankabanditka [31]4 years ago
5 0

Answer:

Option (a) $372.60

Explanation:

Data provided in the question:

Number of days during which the seller occupied the house = 136 days

Estimated cost for the entire year = $1,000

Now,

The period of time during which the seller occupied the house in years

= Number of days during which the seller occupied the house ÷ Total number of days in a year

= 136 ÷ 365

= 0.37260

Therefore,

The amount that the buyer will be credited = 0.37260 × $1,000

= $372.60

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Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.9
exis [7]

Answer:

15.54 %

Explanation:

The Internal Rate of Return (IRR) is the Interest rate that will make the present value of Cash Flows equal to the price or initial investment.

Step 1

First determine the summary of Cash Flow of the project.

The Projects` cash flows are as follows :

Year 0 = $1,920,000

Year 1 = $580,127.00

Year 2 = $580,127.00

Year 3 = $580,127.00

Year 4 = $580,127.00

Year 5 = $580,127.00

Step 2

Calculate the IRR.

From this point i will use a Financial Calculator. The Function to use is the CFj for uneven Cash Flows.

($1,920,000)            CFj

$580,127.00            CFj

$580,127.00            CFj

$580,127.00            CFj

$580,127.00            CFj

$580,127.00            CFj

Shift IRR/YR      15.5415 or 15.54 %

Conclusion :

The internal rate of return for the J-Mix 2000 is 15.54 %

5 0
3 years ago
"Lyla is a little more efficient at making potato soup than Jose. She is a lot more efficient than Jose at making bread. They de
uysha [10]

Answer:

Making bread

Explanation:

Lyta has to specialize in making bread. By specialization, it means that lyta should focus it's productive efforts on making bread, because from the question she clearly has an absolute advantage in making bread Since the question says she is more efficient in making bread compared to the other product. It means she can produce bread in larger quantities at same cost or she can produce same quantity of bread at lower cost.

5 0
4 years ago
A first-round draft choice quarterback has been signed to a three-year, $10 million contract. The details provide for an immedia
inessss [21]

Answer:

$8.31 million and No.

Explanation:

In this question, we have to find out the present value which is shown below:

= $1 + first year value ÷ ( 1 + discount rate) + second year value ÷ ( 1 + discount rate) ^ number of years + third year value ÷ ( 1 + discount rate) ^ number of years

= $1 + $2 million ÷ (1 + 10%) + ($3 million ÷ 1.10)^2  + ($4 million ÷ 1.10)^3

= $1 million + $1.82 million + $2.48 million + $3.01 million

= $8.31 million

No the package would not worth $10 million as its present value is $8.31 million

7 0
4 years ago
Indirect labor costs include? assembly-line worker wages. administrative assistant salary. assembly-line supervisor salary. fact
pashok25 [27]

Indirect labor cost include administrative assistant salary. (second option)

<h3>What is Indirect labor cost ?</h3>

Indirect labor cost is the cost of labor employed t that is not directly involved in the production of goods or the delivery of services.

Indirect labor cost is the wages or salary that is paid to employees whose duties enable other employees to produce goods and render services. An example of such employees are the administrative staff. Thus, the wages paid to administrative staff would constitute indirect labor cost.

In contrast, direct labor cost is the wages paid to labor that is directly involved in the production of goods or providing of services. e.g. factory security guard wages.

To learn more about indirect costs, please check: brainly.com/question/23896706

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5 0
2 years ago
The Federal Reserve requires commercial banks to have reserves because: ____________
Norma-Jean [14]

Answer:

a. reserves provide the Fed a means of controlling the money supply

Explanation:

8 0
3 years ago
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