1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Wewaii [24]
3 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]3 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

You might be interested in
Desiree is reluctant to take a promotion because it involves moving. She knows little about the area she would be living in. Acc
KonstantinChe [14]

Answer:

A. uncertainty

Explanation:

Based on the scenario being described within the question it can be said that the most likely reason for such employee resistance to change is uncertainty. This basically revolves around not knowing what is going to happen or the information regarding some sort of change. Such as not knowing the details of the area in which Desiree will have to move to if she were to accept her new promotion.

8 0
3 years ago
Read 2 more answers
Which of the following items is not considered evidence in determining if a valuation allowance is necessary? A. A cumulative bo
tatyana61 [14]

Answer:

Management can implement a tax strategy to create future taxable income, but it will be detrimental to the future profitability of the company.- D.

8 0
3 years ago
10 percent decrease in consumer incomes leads to a 20 percent decrease in the quantity demanded of good D. Instructions: Round y
Katyanochek1 [597]

Answer:

Income elasticity = 2

Normal good

Explanation:

Below is the given values:

Percentage decrease in consumers income = 10%

Percentage decrease in quantity demanded = 20%

Use the below formula to find the income elasticity:

Income elasticity = % change in quantity demanded / % in income

Income elasticity = -20/-10

Income elasticity = 2

Since the elasticity is 2 that means good is normal good.

4 0
2 years ago
Beaver Corporation reported taxable income of $500,000 from operations this year. During the year, the company made a distributi
loris [4]

Answer:

Beaver's total taxable income and federal income text paid as result of distribution is $500,000 and $105,000 respectively.

Explanation:

The computation of the taxable income and the federal income is shown below:

Taxable income = Taxable income + loss

                           = $500,000 + $0

                           = $500,000

Since the fair value is $20,000 is less than the mortgage on land i.e $25,000 so it would be a loss of $5,000 which would not be considered so we put the value zero.

And, the federal income equal to

= Taxable income × income tax rate

= $500,000 × 21%

= $105,000

4 0
3 years ago
Justin is taking a class in which he is working on his future career goals. His teacher asked him to write an essay answering qu
morpeh [17]

Answer:

answer b

Explanation:

8 0
2 years ago
Read 2 more answers
Other questions:
  • One way to avoid _______ is to choose a large enough sample size.
    5·1 answer
  • On monday, the meteorologist forecast a 20 percent chance of rain, so sheryl took her umbrella to work. on friday, he reported a
    12·1 answer
  • Wie Corp's sales last year were $280,000, and its year-end total assets were $355,000. The average firm in the industry has a to
    9·1 answer
  • As a production manager, George is accountable for resource budgets that are highly sensitive to overtime pay rates. As a sales
    9·2 answers
  • Jennifer and Jamie are starting a business and have asked you for advice about whether they should form a partnership, a corpora
    6·1 answer
  • In Maddie's company, senior officers eat in the same cafeteria as the entry-level workers. On a trip to a different country, she
    6·1 answer
  • If you were opening a new business, would you select a location closer to or farther away from a business that sold a similar or
    11·1 answer
  • Problem 10-3A On January 1, 2017, Evers Company purchased the following two machines for use in its production process.
    8·1 answer
  • What the role of marketing
    13·1 answer
  • Does mixed economy have private ownership?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!