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Zepler [3.9K]
2 years ago
8

Closing costs are calculated based on _____. loan amount minus down payment down payment made selling price of the house selling

price of the house minus down payment
Business
1 answer:
olga_2 [115]2 years ago
7 0

Answer

Closing costs are calculated based on price of the house minus down payment

Explanation

Closing costs are either brought as cash to closing or financed into a loan.They are usually used when people buy or rent properties and the closing cost is the amount a person pays based on the down payment. To estimate the closing cost, you subtract the down payment from the purchase price of the home.

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The demand for silver decreases, other things equal, when
marshall27 [118]
The demand for silver decreases, other things equal, when the gold market is suddenly expected to boom.

This is the logical consequence of the fact that silver and gold are used as investment commodities to preserve the value of your assets. If market predicts a quick increase in the prices of gold, the market will sell its assets in silver to purchase assets in gold to make a greater profit.
5 0
3 years ago
Consider a fast food café of your choice. Apply 4 V’s of Operation. Describe each V as ‘High’, ‘Low’ or ‘Moderate’ with one line
Marrrta [24]

Answer:

4 V's of Operation

The 4 V's of operation are Volume, Variety, Variation, and Visibility.  Let us take Mrs. Happy Food Cafe with over 100 outlets in Fiacton Town, as an example to illustrate the 4 V's of operation.

Volume: As a food cafe, the volume of production that will be required for some foods and drinks is so high that their provision requires repetitive tasks.  Based on this, procedures are normally standardized in order to achieve low cost for foods and drinks.  However, it is harder to standardize services, since personal touches are added by the servers based on their individual perceptions and abilities.

Variety: Mrs. Happy Food Cafe tries to bring some variety in her offerings to satisfy the various needs of her customers.  While variety is naturally low in the Food Cafe sector, some cafes like Mrs. Happy Good Cafe, try to satisfy customers' demands by varying the foods with Continental, African, Latino cuisines and dishes.

Variation: At Mrs Happy Food cafes, the food and drinks do not vary much as customers expect to be served the same quality of services at any of their cafes.  This is because the processes are standardized to achieve low cost.  So, the variation is moderate.

Visibility: Customers of Mrs Happy Food cafes are not able to see and track their experiences of the the processes for the food preparation that they order.   But, they can track the processes for the services because services are consumed as they are offered.  So, visibility is 'Moderate," as it is divided between the hard goods and the soft goods.  With respect to goods visibility is 'Low.'  However, with respect to the services the customers' visibility of processes is high.

Explanation:

The 4 V's of operation describe the different characteristics of the processes that various entities use to transform their inputs into outputs of goods and services.  They may be high, low, or moderate.  They include, volume, variety, variation, and visibility.

7 0
3 years ago
Brian declares bankruptcy. what benefits can you obtain by declaring bankruptcy?
alina1380 [7]

Declaring a bankruptcy will trigger automatic stay.

This blocs the countinue of lawsuit

5 0
3 years ago
Prior to closing, Syracuse Company's accounting records showed the following balances $6,880 8,050 1,000 4,900 1,550 700 1,300 R
alekssr [168]

Answer:

Based on the opening retained earnings value, none of the options is correct.

The correct Syracuse`s retained earnings after closing would be $7,480.

Explanation:

Retained earnings is the residual proportion of the total profit of the firm that is left after deducting dividend received by the shareholders.

For each accounting period, closing residual retaining is calculated by adding the opening retained earnings with the net amount of the total profit remaining after deducting dividend.

To calculate closing retained earnings, it is important to get the total profit of the firm and then deduct dividend:

                                                       $

Service Revenue                         8,050

Interest Revenue                         <u>1000</u>

                                                    9,050

Salaries Expense                       (4,900)

Operating Expense                    (1,550)

Interest Expense                        (700)

Net Profit                                    1900

Dividend                                     (1300)

Retained Earning                        600

Retained Earning B/f               <u>  6,880</u>

Retained Earning B/d               <u> </u><u>7,480</u>

4 0
3 years ago
A part of the consumerism cycle is that manufacturers do not advertise goods. sell goods only for cash. advertise goods. make fe
Zanzabum
<span>Part of the consumerism cycle involves manufacturers advertising goods to the general population to encourage them to buy the product. Making fewer goods is rarely part of the consumerism cycle as this reduces supply and not advertising goods potentially reduces manufacturers' returns on an investment in a product.</span>
8 0
2 years ago
Read 2 more answers
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