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-Dominant- [34]
3 years ago
10

The Brights are buying a home from the Stones. They are splitting the escrow service fees 50-50. Do they live in Northern or Sou

thern California?
Business
1 answer:
aliya0001 [1]3 years ago
6 0

They live in Southern California.

In Northern California the buyer usually pays the escrow service fees.

Explanation:

As a rule, escrow services price between 1 and 2 percent of a house price for property transactions. In certain cases, the escrow fees may be calculated at $2 per mil of buy price plus $250, depending on the firm.

Similarly, who ends up paying the insurance in California varies depending on the county in which your property is located. The buyer occasionally pays, the vendor sometimes pays. This can be divided 50/50 in other instances. The policy applies to the buyer, how often the retailer pays for it or not.

Sellers have to pay the documents transfer tax at the closing of the escrow in Northern California. The payment is valued at $1.10 per selling price of 1000 dollars. The seller's side of the escrow also includes recording charges, liability, and appraisals.

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Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increas
iris [78.8K]

Answer:

(a). A worker at a Sony plant in Japan buys some Georgia peaches from an American farmer.

-<u> Increase in exports while no change in imports</u>.

(b). The Sony pension fund buys a bond from the U.S. Treasury.

- <u>Decrease in a net outflow of capital. Thus, it would be considered as a negative inflow/outflow</u>.

(c). An American investor buys a controlling share in a South Korean electronics firm.

- <u>Increase in Net Capital outflow for the U.S</u>.

Explanation:

Exports are described as the selling of domestic goods to a foreign country while Imports are characterized as the process of bringing in foreign goods to the domestic country. And Capital outflow is defined as the exact flow of funds from domestic to foreign and foreign to the domestic country.

In the first case, the purchase reflects a rise in exports as the domestic product is sold to the foreign country. In the second situation, the net outflow of the capital would decreases as it demonstrates a foreign purchase of a domestic asset. In the third example, the American investors' purchase of a South Korean firm demonstrates a domestic purchase of a foreign asset and thus, the net capital outflow would rise.

7 0
3 years ago
In may 1991, car and driver described a jaguar that sold for 980,000 dollars. suppose that at that price only
Andrej [43]
<span>The consumer surplus is $9,237,704,920</span>
6 0
3 years ago
Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apr. 30 Received $816,0
irina [24]

Answer:

Effects on Accounting Equation: Assets = Liabilities + Equity

April 30 - Assets (Cash at bank) are increased and Liabilities (Notes Payable) are increased with $814,000.

June 30 - Assets (Inventory) are increased and Liabilities (Accounts Payable) are increased with $93,000.

July 15 - Assets (Cash) are decreased and Liabilities (Accounts Payable) are decreased with $93,000.

August 31 - Assets (Cash) are increased and Liabilities (Deferred Revenue) are increased by $33,000 for security service received in advance.

Dec 31 - Liabilities (Wages Unpaid) are increased and Equity (Retained Earnings) is decreased by $58,000 for unpaid wages.

Dec 31 - Liabilities (Interests Accrued) are increased and Equity (Retained Earnings) is decreased by $32,640 for accrued interests for 8 months.

Dec 31 - Liabilities (Deferred Revenue) are reduced and Equity (Retained Earnings) is increased by $22,000 for 4/6 months security service revenue received in advance and now adjusted based on the accruals concept.

Explanation:

Effect on Debt-to-Assets Ratio:

a) no change as assets and liabilities are increased by the same amount.

b) no change as assets and liabilities are increased by the same amount.

c) no change as assets and liabilities are decreased by the same amount.

d) no change as assets and liabilities are increased by the same amount.

e) debt-to-asset ratio is increased with unpaid wages.

f) debt-to-asset ratio is increased with accrued interests at 6% of $816,000 x 8/12 = $32,640.  The note was collected on April 30 with 8 months to year-end.

g) debt-to-asset ratio is decreased with the adjustment of security service received for 4 months out of 6 months based on the accruals concept.

4 0
3 years ago
Nieto Company’s budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M. Purchases January $ 2
inn [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Budgeted Sales:

January $ 237,400

February 251,400

March 336,600

Nieto’s sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible.

Cash collection March:

Cash sales= 336,600*0.3= 100,980

Credit Sales March= (336,600*0.7*0.1)= 23,562

From February= (251,400*0.7*0.5)= 87,990

From January= (237,400*0.7*0.36)= 59,824.8

Total= 272,356.8

4 0
3 years ago
Inga invested part of her $6000 savings in common stock and the rest in rare stamps. At the end of the year, she realized a gain
kherson [118]

Answer:

The amount Inga invested in stamps is $2,500.

Explanation:

Let x represents the amount invested in common stock. Therefore, we have:

Amount invested in common stock = x

Amount invested in stamps = 6000 - x

Rc = Rate of gain from common stock = 9%, or 0.09

Rs = Rate of gain from common stock = 12%, or 0.12

Amount of saving now = $6615

Therefore, we have

Amount of saving now = (x * (1 + Rc)) + ((6000 - x) * (1 + Rs)) ………….. (1)

Substituting all the relevant values into equation (1) and then solve for x, we have:

6615= (x * (1 + 0.09)) + ((6000 - x) * (1 + 0.12))

6615 = (x * 1.09) + ((6000 - x) * 1.12)

6615 = 1.09x + (6720 - 1.12x)

6615 = 1.09x + 6720 - 1.12x

6615 - 6720 = 1.09x - 1.12x

-105 = -0.03x

x = -105/-0.03

x = 3,500

Therefore, we have:

Amount invested in stamps = 6000 - x = $6,000 - $3,500 = $2,500

Therefore, the amount Inga invested in stamps is $2,500.

5 0
3 years ago
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