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12345 [234]
3 years ago
13

Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey

ton is to receive $1,600,000 in cash. The purchaser is to assume Peyton's mortgage of $950,000 on the property. To enable the purchaser to obtain adequate financing, Peyton is to pay the $9,000 in points charged by the lender. The broker's commission on the sale is $75,000. What is Peyton's amount realized? The amount realized by Peyton is $
Business
1 answer:
Westkost [7]3 years ago
4 0

Answer:

$2,466,000

Explanation:

Given that,

Cash Received = $1,600,000

Mortgage assume by purchaser = $950,000

Broker's commission = $75,000

points paid by seller = $9,000

Peyton's amount realized:

= Cash Received + Mortgage assume by purchaser - broker's commission - points paid by seller

= $1,600,000 + $950,000 - $75,000 - $9,000

= $2,466,000

Therefore, the amount realized by Peyton is $2,466,000.

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Sandra wilson is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and dou
Inessa05 [86]

To calculate Sandra's overtime earnings, you will need to find how many overtime hours Sandra worked and then calculate the amount per hour she will make for the hours over 40 she worked through Saturday.


You will calculate her earnings per hour on Sunday by doubling her per hour rate and then multiplying by the number of hours worked on Sunday.


1. M - F (9 x 5 = 45 hours), so 5 hours overtime and Saturday - is 6 hours (6 + 5 = 11 hours overtime through Sat).


2. $12 x 1.5 = $18 per hour overtime rate; 18 x 11 = $198 through Sat.


3. Sunday: $12 x 2 = $24 per hour; $24 x 4 = $96 on Sun.


4. $198 + $96 = $294


Sandra earned $294 in overtime.

4 0
4 years ago
Explain the law of one price and the theory of purchasing power parity. Why doesn't purchasing power parity explain all exchange
Masteriza [31]

Answer:

The law of one price establishes that the product or service price will remain the same for all the entire world.

Explanation:

The law of one price establishes that the product or service price will remain the same for all the entire world. It is necessary to take into account for this law that the price of the currency  needs to be also the same and that the price of the product or service would not be affected by other factors such as additional buyers or sellers in the market.

On the other hand the purchasing power parity refers to the idea of an equilibrium of currencies in exchange rates, it means that the power for purchasing will be represented in the same way in the different countries, and it is important to mention that this theory is base in the law of one price.

The  the long run equilibrium is an idea that in theory represents all the equilibrium of prices, quantities, and markets in general; on the other hand, for the short run equilibrium there are some limitations in which the market cannot be explained as properly and fully balanced.

6 0
4 years ago
A student loan is money a person borrows in order to:A: purchase a new house.B: buy luxury goods.c. pay for college tuition.D. p
kozerog [31]
A student loan is money a person borrows to pay for college tuition
8 0
3 years ago
On January 1, 2017, Ann Price loaned $187,825 to Joe Kiger. A zero-interest-bearing note (face amount, $250,000) was exchanged s
SVEN [57.7K]

Answer:

Option D is correct.

<u>Interest expense in 2017= $18,783</u>

Explanation:

Interest expense in 2017 = 187825*10% = $18782.5( Approx $18,783)  

5 0
3 years ago
Managing Bad News Within Organizations
True [87]

Answer:

Scenario 1. B. Prepare and rehearse.

2. B. Offer a clear, sincere explanation.

C. Communicate the news openly.

3. A. Reveal specific reasons for not hiring the applicant.

D. Use an indirect pattern.

4. Option 1

Explanation:

Delivering bad news is inevitable in every organization. Some factors are of utmost importance when having to do this. They include;

1. Being clear and concise.

2. Being straightforward while still providing assurance.

The direct approach announces the bad news just at the introduction of the speech. Whereas, the Indirect approach is used when the audience is not well known. It employs some form of explanation before the bad news is delivered.

1. Being tactful and professional would require adequate preparation so as to choose words properly and put people's feelings into consideration.

2. To avoid spreading rumors within and outside the organization, the president would have to address his staff openly. He should be clear and concise when doing this.

3. To make room for good relationship and not break the confidence of the applicant, the HR should begin with an explanation of why the applicant was not hired.

4. The general manager should encourage the employee's effort to be trained but in order not to jeopardize the present schedule, future arrangements would need to be made.

4 0
3 years ago
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