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4 years ago

What payment needs to be made to the lender before it closes the file and issues a check for the payment of the house?

Business

2 answers:

sweet-ann [11.9K]4 years ago

8 0

The answer is: c closing costs

Closing costs refers to the additional fees that occurs when you finish a real estate purchase transaction. Typically, the closing costs for each real estate purchase would be around 2 - 5% from the price of the property. On average, american people spend around $ 3,700 as closing costs when they purchase a property.

Alex17521 [72]4 years ago

3 0

Wrong It's Closing Fees

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The beginning inventory of SoCal Wholesalers was $121,000, and the ending inventory is $116,500. What entries are needed at the

Sphinxa [80]

Answer and Explanation:

The journal entries that are required to adjust merchandise inventory is given below:

Income Summary $121,000

To Inventory $121,000

(Being eliminate Beginning inventory balance is recorded)

Inventory $116,500

To Income Summary $116,500

(Being the cost of ending inventory is recorded)

These two entries should be recorded for adjusting merchandise inventory

5 0

3 years ago

What is the relationship between time management and critical thinking?

Ulleksa [173]

Time management is important in daily activities. People who manage their time well, succeed in life. Time management and critical thinking are linked to each other. Critical thinkers manage their time according to the situation. A critical thinker will use his thinking ability to judge and understand the situation and manage the time.

8 0

3 years ago

If you invest $750 every six months at 8 percent compounded semi-annually, how much would you accumulate at the end of 10 years?

liq [111]

Answer:

FV= $22,333.56

Explanation:

Giving the following information:

Semi-annual investment= $750

Interest rate= 0.08/2= 0.04

Number of periods= 10*2= 20

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= semi-annual deposit

FV= {750*[(1.04^20) - 1]} / 0.04

FV= $22,333.56

6 0

3 years ago

Equity Bank lends Boston Furniture Company $100,000 on December 1st on a 6%, 4-month note. The total cash paid for interest (onl

EastWind [94]

Answer:

$102,000.

Explanation:

The maturity value is the principle + interest.

First calculate the interest:

$100,000 x .06 x (4/12) months = $2,000

Maturity value is $100,000 + $2,000 = $102,000

8 0

4 years ago

In 2002, a Swedish home electrical appliance manufacturer decided to use the same advertising message wherever it advertised aro

ella [17]

Answer:

Global advertising

Explanation:

Global advertising -

It refers to the method of popularizing a specific goods or services to the whole world , is referred to as global advertising .

Only specific companies or business are able to advertise their products on the global platform and earn some profit .

The example are -

Microsoft , Coca cola , McDonald's etc .

Hence , from the given scenario of the question ,

The correct answer is Global advertising .

7 0

3 years ago