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Elenna [48]
3 years ago
13

Select the list that has the steps of the closing process in the right order. a. Do final walk-through Purchase homeowners insur

ance Sign closing documents b. Apply for mortgage Apply for mortgage Do final walk-through Sign closing documents Purchase homeowners insurance 3. Apply for mortgage Purchase homeowners insurance Do final walk-through Sign closing documents
Business
1 answer:
iren2701 [21]3 years ago
7 0

Answer:

The correct answer is letter (3): Apply for mortgage; Purchase homeowners insurance; Do final walk-through; Sign closing documents.

Explanation:

The home closing process starts as soon as the buyer signs the contract with a real estate agent. In such a case, the buyer has had to apply and be accepted for a <em>mortgage </em>to cover the expenses of the property. Lenders require buyers to present <em>homeowners' insurance</em> which apart from being a requirement is important for the buyer and the financing entity.

Then, buyers must do a <em>final walk-through</em> of the home before they take possession of it to make sure it is in the conditions sellers offered. Finally, <em>additional documents </em>are signed such as a homestead declaration that registers the property with the federal and state government.

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Answer:

a. $1,400,000.

Explanation:

Find the attachment

4 0
3 years ago
ecord adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made
k0ka [10]

Answer: Please Refer to Explanation

Explanation:

Please see complete question attached to this answer.

A.

As the company has not paid the salary but they recognize it is an expense, it should be credited to Salaries payable from the salary expense account.

DR Salary Expense $ 18,500

CR Salary Payable $18,500

( To record Salary Expense incurred but not paid)

B.

As the company has not paid the interest but they recognize it is an expense, it should be credited to Interest Payable from the interest expense account until it is paid.

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CR Interest Payable $400

( To record interest expense on loan not paid )

C.

As the company has not paid the mortgage interest but they recognize it is an expense, it should be credited to mortgage payable from the mortgage account expense account

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3 0
3 years ago
Accents Associates sells only one product, with a current selling price of $150 per unit. Variable costs are 30% of this selling
Ksju [112]

Answer:

$65,333

Explanation:

As we know,

Sales price = Variable cost + Contribution cost

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8 0
2 years ago
In Marubeni America Corp. v. United States, the federal appellate court ruled that the Nissan Pathfinder was, for tariff classif
Hitman42 [59]

Answer: the tariffs will vary depending on the classification.

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Tariff is a form of tax that is usually imposed on the imports that are brought from other countries to a particular country.

With regards to information provided in the question, the classification of goods is significant because the tariffs will vary depending on the classification.

6 0
2 years ago
Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken. Also assume that in 1984 each buck
Dvinal [7]

Answer:

a. 62.5

b. 60%

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a. Price Index = (Price in year of interest/ Price in Base year) * 100

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= 62.5

b. Rose from 62.5 in 1984 to 100 in 2005

= (100 - 62.5)/62.5

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4 0
3 years ago
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