All categories

2 years ago

You've got your budget, credit history and saving in order. whats your next step before shopping for a home?

Business

1 answer:

Softa [21]2 years ago

7 0

Answer:

The correct answer is letter "A": Shop for a mortgage.

Explanation:

After setting a budget and starting a housing fund, checking your credit report and scores, and accruing a certain amount of money to make possible acquiring a house, the next step implies being pre-approved by a mortgage lender. This will give you an idea of how much money a bank might approve to lend you to purchase the property. Thus, after this and finding a Real Estate agent, <em>you can start checking what houses are available for purchase according to what you can afford.</em>

You might be interested in

An employee earns $6,350 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $118,500

Vlad1618 [11]

Answer:

$965.075

Explanation:

Payroll taxes for the month of January is = FICA +FUTA +SUTA+

federal income taxes withheld+voluntary deductions for health insurance +contributes retirement plan.

= (0.0145*6350) +(0.006*6350)+(0.054*6350)+216+184+92

= 92.075+38.1+342.9+216+184+92

= 965.075

$965.075

Some money like Social Security is 6.2% of the first $118,500( not added because he's earnings are not up to $118500 and it's yearly stuff) and unemployment taxe is not added because his earnings is not up to $7000

7 0

2 years ago

Harrod Company paid $4,800 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The b

Cerrena [4.2K]

Answer:

Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.

Explanation:

The journal entry is given below

Insurance expense A/c Dr $2,400

To Prepaid Insurance $2,400

(Being insurance expense is recorded)

The computation is shown below:

= Insurance premium ÷ number of months × required months

= $4,800 ÷ 4 months × 2 months

= $2,400 months

The 2 months is taken from November 1 to December 31

6 0

3 years ago

At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. The effect of this

kolbaska11 [484]

Answer:

B)owners' equity and decrease assets.

Explanation:

From the question, we are informed about Ringgold Co. Whereby At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. In this case, The effect of this entry on the company's balance sheet is to decrease owners' equity and decrease assets. Depreciation can be regarded as type of expense that brings reduction in value of an asset. It can be regarded as scheduled and not estimated expense . Depreciation can be recorded on balance sheet, as well as cash flow statement.

3 0

2 years ago

Select the correct answer. What is the last and most crucial step in the treatment of alcoholism? A. detoxification B. accepting

Katyanochek1 [597]

Answer: Rehabilitation

Explanation: Because your trying to get the person off the alcohol - not a great explanation but yea.

8 0

3 years ago

A(n) _____ is awarded on the basis of financial need. You will not be charged any interest before you begin repayment or during

prisoha [69]

scholarship i think

4 0

2 years ago

Read 2 more answers