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allsm [11]
3 years ago
14

Ashley Anderson pays her HOA dues of $660 for the calendar year. She then sells her property and closes on June 15. What is the

amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration?
Business
1 answer:
Alenkinab [10]3 years ago
5 0

Answer:

The amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration is=$362.34

Explanation:

<em>Step 1: Determine HOA per day</em>

Use the expression below to determine HOA per day;

T=H×N

where;

T=total HOA dues per year

H=HOA per day

N=number of days in a year

In our case;

T=$660

H=unknown

N=360 days

Replacing;

660=H×360

360 H=660

H=660/360

H=$1.83 per day

<em>Step 2: Determine amount of HOA that is due back</em>

Using the same expression;

T=H×N

but;

T=unknown

H=$1.83 per day

N=(June, 15 days)+(July, 30)+(Aug, 31)+(Sep. 30)+(Oct 31)+(Nov 30)+(Dec 31)

N=(15+30+31+30+31+30+31)=198 days

Replacing;

T=(1.83×198)=$362.34

The amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration is=$362.34

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Answer:

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Answer:

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Amy is shopping for a dress to wear to a formal dance. She tried on several dresses, not even noticing the price of each. After
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a study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts rec
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<h3>How to calculate the loss?</h3>

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A study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts received and how much the recipients would have been willing to pay to buy them on their own. the study suggested that the average recipient’s valuation was approximately 90% of the actual purchase price.

Calculate the deadweight loss if the average amount is $906.

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