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zavuch27 [327]
3 years ago
11

A sale transaction closes on April 1, the ninety-first day of the tax year. The day of closing belongs to the seller. Real estat

e taxes for the year, not yet billed, are expected to be $3,150.
According to the 365-day method, what is the seller's share of the tax bill?
Business
1 answer:
zysi [14]3 years ago
3 0

Answer:

$785.34

Explanation:

The computation of the seller's share of the tax bill is shown below:

= Expected estate taxes for the year × number of days of the tax year ÷ total number of days in a year

= $31,50 × 91 days ÷ 365 days

= $785.34

We simply applied the proportionate method so that the approximate value could be arrived by taking all the information which is mentioned in the question.

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There is low interdependence, performance ambiguity, and costs of control in firms pursuing Multiple Choice a localization strat
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Option A (localization strategy) is the right approach.

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3 years ago
The price quotations of Treasury bonds in the Wall Street Journal show an ask price of 104.25 and a bid price of 104.125.
Andreas93 [3]

As a seller we would receive $1,041.25

<u>Solution:</u>

You may receive the bid price of the dealer, 104.125\% of $1,000, or $1,041.25

Prices of treasury bonds are expressed as par value amounts.  

The quote price of 104:25 means that the bond is priced at (104 + \frac{25}{100})\%= 104.25\% of the par value.  

Therefore, if the debt is $1,000, the dollar values to be charged by the borrower should be 1,000\times104.25\% = \$1,041.25

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