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3 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]3 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]3 years ago

3 0

Wrong It's Closing Fees

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Debbie promises to sell Brian a one of a kind baseball card for $1,000. Brian says that he does not have the money right now, bu

const2013 [10]

Answer:

d. Yes, the offeror must be a merchant, pursuant to the UCC definition of merchant.

Explanation:

The Uniform Commercial Code (UCC) establishes that firm offers can only be made by merchants. They also apply only to the sale of goods, but the baseball card is a type of good.

The problem is that Debbie is not probably a merchant. In order for her to be considered a merchant, she would need to be in the business of buying and selling baseball cards on a regular basis.

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3 years ago

Unfortunately, Angie doesn't have enough money in her account right now. She needs to make additional contributions at the end o

SIZIF [17.4K]

Answer: $770.22

Explanation:

If she makes equal contributions then those would be annuities. The $9,000 she wants to have will be the future value of the amount currently in her account and the annuity.

9,000 = 5,000 ( 1 + r) ^ n + ( annuity * future value interest factor of an annuity, 9%, 3 years)

9,000 = 5,000 ( 1 + 9%) ^ 3 + ( Annuity * 3.2781)

9,000 = 6,475.145‬ + 3.2781 * Annuity

Annuity = (9,000 - 6,475.145‬) / 3.2781

Annuity = $770.22

4 0

3 years ago

If a life insurance company sells a $240,000 life insurance policy with a one year term to a 25-year old lady for $210, the prob

MrMuchimi

Answer: $112.08

Explanation:

Given that,

Life insurance policy = $240,000

Cost = $210

Amount to be paid by company to old lady if she survives (A):

= $240,000 - $210

= $239,790

Probability that she survives (P1) = 0.999592

Probability that she doesn't survives (P2) = 1 - 0.999592

= 0.000408

Expected value of this policy for the insurance company:

= (P1 × cost of policy) - (P2 × A)

= 0.999592 × $210 - 0.000408 × $239,790

= $209.91432 - $97.83432

= $112.08

7 0

3 years ago

Beck Company has inventory of $725,000 in its stores as of December 31. It also has two shipments in transit that left the sup

FrozenT [24]

Answer:

Total Inventory $899,000

Explanation:

Inventory at hand $725,000

Inventory in transit $102,000

Inventory in consignation $72,000

Total Inventory $899,000

Notice:

The first cargo is under term FOB destination, which means the goods are still property of the seller, so are not part of Beck company's yet.

While the second cargo is fob shipping point, Beck assume possesion of the gods as soon as they enter the dock.

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3 years ago

Credit sales are recorded by crediting an accounts receivable.

Anna35 [415]

The answer to the sentence above is false based on the transaction above. Account Receiveable is an asset account which has "debit" as its natural balance. Recording credit sales will increase the account receivable balance and sales balance, thus an increase in account receivable balance occurs on the debit side.

8 0

3 years ago