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MrRa [10]
3 years ago
15

Since the seller often has utilized the property for a portion of the year in which the transaction is being made, certain costs

associated with the property will be prorated at the closing. All of the following items are subject to being prorated EXCEPT:_________.
A) Broker commission
B) Prepaid rent
C) Property tax
D) Mortgage interest
Business
1 answer:
raketka [301]3 years ago
5 0

Answer:

A) Broker commission

Explanation:

-Broker commission  is the amount of money that the broker charges for selling a property.

-Prepaid rent  is an amount of money paid in advance when you move into a new house.

-Property tax  are the taxes you have to pay when you have a real state.

-Mortgage interest in the interest you have to pay on a loan used to buy a property.

According to this, the answer is that all the items are subject to being prorated except broker comission because this is amount you have to pay to the broker for the job done and it is not a cost associated to the property and because of that it can't be prorated.

The other options are not right because those are costs that are associated to the property and because of that, they are prorated at the closing as the ownership is passed to someone else and that person would be responsible for the costs from that point.

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A country has constant opportunity cost of production. If they devote all of their resources to the production of blankets they
Zigmanuir [339]

Answer: 2.75 blankets.

Explanation:

The opportunity cost is the value of a good that is sacrificed by choosing some other alternative. So, there are certain costs associated with the consumption of some goods.

In our case,

Opportunity cost of producing 1 shirt = \frac{810}{294}

                                                              = 2.75 blankets

Opportunity cost of producing 1 shirt is 2.75 blankets which means that 2.75 blankets have to be foregone to produce 1 shirt.

7 0
3 years ago
LO 7.1What are the advantages and disadvantages of the bottom-up budgeting approach?
geniusboy [140]

Answer:

 The following are the disadvantages and the advantages of bottom-up budgeting approach are as follows:

<u>  Advantages of bottom-up budgeting approach:</u>

  • The bottom-up budgeting approach helps in making the decisions very quickly as compared to all other budgeting methods.
  • The main benefit of the bottom-up budgeting approach is that it helps in aligned the project goals in an organization by giving the specific direction.
  • It helps in understand the resources, needs, expenses and the cost of each department in an organization.

<u> Disadvantages of bottom-up budgeting approach:</u>

  • The bottom-up budgeting approach is complex as it sometimes cause misrepresent the budget figures in the given data.  
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4 0
3 years ago
Effective annual rate: Raj Krishnan bought a Honda Civic for $17,345. He put down $6,000 and financed the rest through the deale
g100num [7]

Answer:

EAR = 5.01%

Explanation:

Given that

APR = 4.9% = 0.049

Loan amount = initial amount - deposited amount

= 17345 - 6000

= 11,345

PV = 11345

Frequency of compounding, m = 12

Recall that

EAR = (1 + r/m)^n - 1

Thus,

= (1 + 0.049/12)^12 - 1

= 1+ 0.049/12^12 - 1

= 1.0501 - 1

= 0.0501 ×100

= 5.01%

3 0
3 years ago
What country's coastline touches the Yellow Sea, East China Sea, and the Sea of Japan?
aliya0001 [1]
The innermost bay of the Yellow Sea is called the Bohai Sea (previously Pechihli Bay or Chihli Bay). Into it flow both the Yellow River (through Shandong province and its capital Jinan) and Hai He (through Beijing and Tianjin). Deposits of sand and silt from those rivers contribute to the sea colour.

The northern extension of the Yellow Sea is called the Korea Bay.

The Yellow Sea is one of four seas named after common colour terms — the others being the Black Sea, the Red Sea and the White Sea.

3 0
3 years ago
A 30-year 6% semi-annual coupon bond has a tenor of 12 years and a yield to maturity of 7.000%. If the PAR value of the bond is
KATRIN_1 [288]

Answer:

$875.28

Explanation:

We use the Present value formula which is attached in the attachment below:

Provided that  

Future value = $1,000

Rate of interest 7%  ÷ 2 = 3.5%

NPER = 30 years × 2  = 60 years

PMT = ($1,000 × 6%)  ÷ 2 = $30

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value would be $875.28

Since on semi annual basis, the interest rate is half and the duration is doubled. The same is shown  above

3 0
4 years ago
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