Answer:
Mr. Jackson will need to bring a check to closing in the amount of $14,470
Explanation:
The computation of the closing amount is shown below:
= Down payment + title insurance + recording fees + tax proportion fee - = earned money deposit
where,
Down payment = Purchase cost × remaining percentage (100% - 80%)
= $90,000 × 20%
= $18,000
The other values remain same
So, the value would equal to
= $18,000 + $250 + $60 + $430 - $4,000
= $14,470
Answer: Option D. Secondary Market
Explanation:
Secondary market is a marketplace where already issued shares and securities can be bought and sold by the investors. Secondary market is a market where investors buy shares or securities from other investors, and not from the issuing company. When a company issues its securities for the first time, it does it in the primary market. After the Initial Public Offering, those securities get available for trade in the secondary market. Stock markets such as the New York Stock Exchange (NYSE) and the NASDAQ are examples of the secondary markets.
Answer:
Operating income= $2,800,000
Explanation:
Giving the following information:
Selling price= $250
Units to be sold= 28,000
Target operating income= 40% of sales
<u> First, we need to calculate the total sales:</u>
<u></u>
Total sales= 250*28,000
Total sales= $7,000,000
<u>Now, the target operating income:</u>
Operating income= 0.4*7,000,000
Operating income= $2,800,000
