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3 years ago

When selling an older home, disclosure must be made to the buyer of any insurance claims made within the last:?

1 answer:

4 0

The correct answer to this is that you must disclose any insurance claims made within at least the last 5 years. This disclosure is usually made to give the buyer or prospective owners an idea of the state of the house. If repairs were made, then it would surely be reflected on the insurance record.

Answer:last 5 years

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3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of 717 million. Assume 3M pu

Lesechka [4]

Answer:

4.8 times

76 days

Explanation:

Inventory Turnover is the numbers of times that an inventory is sold in a period. It shows that is there any excessive inventory available in respect to the current sales level.

Formula for Inventory Turnover

Inventory Turnover = Inventory Used during the year / Average Inventory

Inventory Turnover = 3,784 million / ( ( $855 + $717 ) / 2 )

Inventory Turnover = 3,784 million / $786

Inventory Turnover = 4.8 times

Number of days Sales is the numbers of days that a company takes to to be sold.

Numbers of Days Sales = 365 / Inventory Turnover ratio

Numbers of Days Sales = 365 / 4.8 = 76.04 = 76 days

6 0

3 years ago

Define mortgage- backed securities.

faust18 [17]

Answer: Mortgage interest is a loan.

Explanation:

7 0

3 years ago

Read 2 more answers

Malko Enterprises’ bonds currently sell for $1,020. They have a 6-year maturity, an annual coupon of $75, and a par value of $1,

mel-nik [20]

Answer:

Current yield = Annual coupon

Current market price

Current yield = $75

$1,020

Current yield = 0.0735 = 7.35%

The correct answer is D

Explanation:

Current yield equals annual coupon divided by the current market price of the bond.

3 0

3 years ago

Label the following scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movi

Ymorist [56]

Answer:

The Streaming device - elastic

An elastic good is a good whose demand falls a lot, or proportionally, if the price rises. In this case, the price of the streaming device rose by 42%, and revenue fell proportionally even more, by 59%, thus, the streaming device is a very elastic good.

Cinema ticket prices - Unit elastic

A perfectly inelastic good is a good whose demand does not respond to price changes. In this case, even if the ticke prices were lowered, demand stayed the same because revenue stayed the same.

DVDs - Inelastic

The DVDs are inelastic because even if the prices were raised, demand was not affected, and in fact, it grew. An inelastic good is a good whose demand only responds to price in a limited way.

7 0

3 years ago

urphy Inc., which produces a single product, has provided the following data for its most recent month of operation:Number of un

LUCKY_DIMON [66]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. 

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

Unit cost under absorption costing:

Unitary product cost= 137 + 75 + 4 + (846,800/14,600)

Unitary product cost= $274

Unit cost under variable costing:

Unitary variable product cost= 137 + 75 + 4

Unitary variable product cost= $216

3 0

3 years ago