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
kkurt [141]
3 years ago
9

The Davises pay the annual property tax of $1,825 on their lake house every January. On a whim, they sell the lake house to the

Bennets to buy a Winnebago and travel the country. Closing is set for July 31, and the buyers own the day of closing (pay prorated expenses through the day of closing). Using the calendar year proration method (assume that it's not a Leap year), how much of the pre-paid property tax was the Davises' responsibility
Business
1 answer:
sineoko [7]3 years ago
5 0

Answer:

$1,055

Explanation:

The computation of the pre-paid property tax was the Davises' responsibility is given below:

= $1,825 ÷ 365 days × 211 days

= $1,055

The 365 days represent total days in a year

The 211 days represent the days from Jan 1 to July 31

Hence, the pre-paid property tax was the Davises' responsibility is $1,055

You might be interested in
You plan to construct a restaurant on a 20,000 square foot lot
labwork [276]

Answer:

8,000 square foot

Explanation:

Total space available 20,000 square foot.

60 percent  to be used. space left?

If 60% is will be used, only 40% will be availble for construction.

40% of 20,000= 40/100x 20,000

                          =0.4 x 20,000

                          =8,000 square foot

6 0
3 years ago
Terrence Industries charges manufacturing overhead to products by using a predetermined application rate, computed on the basis
puteri [66]

Answer:

See below

Explanation:

First, we need to get the predetermined rate

Predetermined rate = Cost of manufacturing overhead / Cost driver

= $1,800,000/60,000

= $30

We will now calculate the application.

Actual labor hours × rate

= 61,500 × $30

= $1,845,000

We will now compare actual with overhead cost

= Applied Overhead cost - Actual manufacturing overhead

= $1,845,000 - $1,810,000

= $35,000

The above is an over application of overhead cost because the cost applied exceed the actual cost.

5 0
3 years ago
Las Paletas Corporation has two different bonds currently outstanding. Bond M has a face value of $20,000 and matures in 20 year
Margarita [4]

Answer:

Bond M= $21,914.32.

Bond N= $6,131.14

Explanation:The price of any bond (or financial instrument) is the PV of the future cash flows. Even though Bond M makes different coupons payments,to find the price of the bond,we just find PV for the cash flows

5 0
3 years ago
Mohammed works in a marketing department and is working on his Master's Degree in Marketing. His career goal is to become the ma
Zielflug [23.3K]

Answer:

(D) He should include a timeframe.

Explanation:

A concrete mapping of his goal in a timeframe is all Mohammed needs to make his goal SMART (Specific, Measurable, Achievable, Realistic, and Timely).

Since Mohammed is someone who has a strong educational and professional background regarding his goal, then the goal automatically becomes realistic and achievable. On the other hand, it is also specific, since he clearly states his desired position (he emphasizes the job of marketing department manager instead of simply stating he wants a promotion).

Since his goal is a discrete (not continuous) event, the Measurable characteristic is somewhat irrelevant.

All that is left for him to do is to state by which point in time he wants to achieve that goal (e.g. in five years' time).

6 0
3 years ago
A financial manager is interested in the cash inflows and outflows of a​ firm, rather than the accounting​ data, in order to​ __
goldenfox [79]
I think the best would be C ensure timely payments of taxes
7 0
3 years ago
Other questions:
  • The following balances were taken from the general ledger of Doogie Corporation as of December 31. All balances are normal. Cash
    12·1 answer
  • Rowland & Sons Air Transport Service, Inc., has been in operation for three years. The following transactions occurred in Fe
    11·1 answer
  • Grading the performance of minority group members by using lower standards and a patronizing attitude is called
    9·1 answer
  • The most commonly used private trade terms are the International Chamber of Commerce’s Incoterms.
    13·1 answer
  • Suppose a monopolist produces two different products. If the marginal cost of producing one is lower than the marginal cost of p
    12·1 answer
  • The new fund had average daily assets of $3.8 billion in the past year. The fund sold $416 million and purchased $516 million wo
    6·1 answer
  • What term is used to describe something that prevents a listener from understanding a message?
    10·1 answer
  • "Suppose that the demand and supply curves have similar steepness. If demand for the good increases slightly and at the same tim
    10·1 answer
  • Which of the following statements about human resource management opportunities and challenges is most accurate?
    7·1 answer
  • In margin buying you borrow shares to sell now and buy back the shares later and return those. True or False
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!