Answer
1. D
2. C
3. A
Explanation
1.
To identify the return below is the formula to calculate the Return
Net Return = Current Worth - Total of Purchase
Net Return = $260,000 - $250,000
Net Return = $10,000
Answer 1 = D
2.
below is the formula to calculate Rate of Return
Rate of Return = ( Current Value - Original Value)/Original Value
Rate of Return = ($260,000-$250,000)/$260,000
Rate of Return =
.
Rate of Return = 3.86%
if round off it we found
Rate of Return = 4%
Answer 2 = C
3.
first we need to calculate the what is the value of after the inflation 2.5%
$6,500
current worth - inflation amount
$260,000 - $6,500
$253,500
now calculate the rate of return
($253,500 - $250,000)/($253,000)
$3,500/$253,000
1.38%
if we round off 1.38% then we found 1.5%
Answer 3 is A 1.5%
Home loan amount = $165,000
Estimated closing costs = $6,187.50
% of estimated closing cost = ?
$165,000 * x% = $6,187.50
x% = $6,187.50 ÷ $165,000
x% = 0.0375
x = 0.0375 x 100 = 3.75
Therefore, estimated closing costs = 3.75% of loan amount = 3.75% of $165,000
Actual closing costs = 3.5% of loan amount = 3.5% of $165,000 = $5775
Difference in estimated and actual closing cost percent = 3.75% - 3.5% = 0.25%
The closing costs were lower than the estimate by 0.25%
Answer:
I Dont know
Explanation:
sorrrrrrry I will try next time
<span>The journal entry to record the initial write-off includes is allowance for doubtful accounts. Allowance for doubtful accounts is a contra account to accounts receivable, and therefore has debit balance. It also needs to be diminished because you already used the bad debt when you make the allowance.</span>
