1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Whitepunk [10]
3 years ago
8

Dan is buying Jessica’s house. The closing date (day belongs to seller) of the sale transaction is March 9th. Current year real

estate taxes are $1,900 (will be billed to Dan next year). Use the 365-day method for prorating. What is Jessica's share of the real estate taxes for the current year?
Business
2 answers:
UkoKoshka [18]3 years ago
8 0

Answer:

JESSICA'S SHARE = $353.98

Explanation:

Given the following ;

Current year real estate tax= $1,900

Transaction Date = 9th March (Belongs to seller (Jessica))

Using the 365-day method of prorating :

Daily tax amount = annually tax fee ÷ number of days

Daily tax amount = $1900 ÷ 365 = $5.205479

JESSICA'S share of tax payment:

(January 1 - March 9) = 31 days + 28 days + 9 days = 68 days

JESSICA'S Real Estate tax payment =

Number of days × daily real estate tax amount =

68 × $5.205479 = $353.98

wariber [46]3 years ago
4 0

Answer:

$354

Explanation:

Annual amount / 365 days or monthly amount /length of month = daily amount.

Therefore;

Daily amount x the numbers of days = proration.

$1,900 / 365 = $5.21 daily amount

(31 January days + 28 February days + 9 March days =) 68 days

$5.21 x 68 = $354

Therefore Jessica's share of the real estate taxes for the current year is $354

You might be interested in
The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $ 4,000 $ 2,000 Accounts rece
ICE Princess25 [194]

Answer:

The company's average days to collect receivables is 18.25 days.

Explanation:

For computing the company's average days to collect receivables, first we have to calculate the account receivable turnover ratio. The formula is shown below

Account Receivable Turnover ratio = Net credit Sales ÷ Average accounts receivable

where,

Net credit sales is given

And, the average accounts receivable = (Year 1 + Year 2) ÷ 2

                                                                = ($15,000 + $12,000) ÷ 2

                                                                = $13,500

So, Account Receivable Turnover ratio = $270,000 ÷ $13,500 = 20

Now, average days to collect receivables = Number of days in a year ÷ Account Receivable Turnover ratio

= 365 ÷ 20

=  18.25 days

Hence, the company's average days to collect receivables is 18.25 days.

7 0
3 years ago
The present value of an annuity considers which of the following factors? I. the timing of each cash flow II. the amount of each
Nitella [24]

Answer:

All of them.

Explanation:

For considering the annuity formula we can determinate all the proposed factor:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C represent II the amount of each cash flow

r = represent the discopunt rate

while time or "n" represent the numebr of cashflow we have to calcualte the present value.

The timing refer wether the payment are made at the beginning or end of the period.

When made at the beginning it is an annuity-due

and the (1+r) factor multiplies the previous formula to represent the addtional period of capitalization each cashflow has or the one period less to discount for each cashflwo in cases of prresent value.

8 0
3 years ago
If you were in a debate fighting for the rights of something what techniques should you use, just curious?
Crazy boy [7]
Techniques? Hm, well I’d definitely try to reason with them. I’d rely more on logos by giving facts or data that can be proven in some type of way.

This was the best answer I could give for right now, considering that I’m currently typing with one hand. Let me know if you have any further questions.
3 0
3 years ago
When a company determines the most likely people to buy its product are 20-27 year old middle class women, it is
Agata [3.3K]

When a company determines that a group of people of certain age range and gender will likely buy its product, it is finding its: <em>potential customers/market target.</em>

Every product has a specific group of people that share similar characteristics that it can meet their needs. The unique needs of that group of people is what companies and producers focus on to exploit in creating product and marketing strategy for.

Such unique group of people constitute the market target or potential customers for such product.

Therefore, when a company determines that a group of people of certain age range and gender will likely buy its product, it is finding its potential customers/market target.

Learn more about market target on:

brainly.com/question/24967768

6 0
3 years ago
A diagnosis of the competitive challenge, an element of a good strategy, is primarily accomplished through strategy
sveticcg [70]

Answer:

strategy analysis

Explanation:

Strategy analysis is an effective way to analyse the business and internal environment within which they work and operate. Another important feature of strategy analysis is to form a competitive environment within the organisation to create an environment in order to effectively accomplish goals. It helps to form the strategic decision of the company. So, the element of good strategy is to do strategy analysis.

3 0
4 years ago
Other questions:
  • A Broadway play company can only charge one price for tickets to a given performance of its play. The company manager notices th
    9·1 answer
  • An example of an intangible asset is Question 8 options: land. a building. assembly cost. a patent.
    13·1 answer
  • Increasing technological innovation has helped to create an era of risk and instability. Globalization, new technologies, and gr
    14·1 answer
  • Evertz Metals buys and stockpiles dolomite to use in its smelting processes. Before all this dolomite is​ used, however, they al
    6·1 answer
  • On January 1, 2020, Carter Company makes the two following acquisitions. 1. Purchases land having a fair value of $200,000 by is
    14·1 answer
  • The return on shareholders' equity for... Income statement: 2018 Sales $ 2,500,000 Cost of goods sold 1,300,000 Net income 200,0
    6·1 answer
  • How have the general ideologies of each major party change over time?
    12·1 answer
  • ____1. The process of coordinating and overseeing the work performance of individuals working together in organizations, so that
    7·1 answer
  • What is the primary purpose of a trading bloc? (5 points) group of answer choices to foster political and social unity to lower
    6·1 answer
  • Which of these facts about a region are most helpful in understanding the region's economy?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!