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Anuta_ua [19.1K]
3 years ago
15

Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey

ton is to receive $2,408,400 in cash. The purchaser is to assume Peyton's mortgage of $1,445,040 on the property. To enable the purchaser to obtain adequate financing, Peyton is to pay the $28,901 in points charged by the lender. The broker's commission on the sale is $96,336. What is Peyton's amount realized
Business
1 answer:
Aleksandr-060686 [28]3 years ago
8 0

Answer:

$3,728,203

Explanation:

Particulars                                               Amount

Cash Received                                      $2,408,400

Add: Mortgage assume by purchaser $1,445,040

Less: Broker's commission                   ($96,336)

Less: Points paid by Peyton                 <u>($28,901)   </u>

Amount realized                                    <u>$3,728,203</u>

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If the price elasticity of demand for Mountain Dew is 4.4 then "mountain dew has a high price elasticity of demand".

<u>Answer:</u> Option D

<u>Explanation:</u>

In economics "Price elasticity of demand" (PED) is a metric required to illustrate the flexibility or elasticity of a product or service's required quantity to increase its value when nothing but the value of product vary. When mountain dew have price elasticity of demand is 4.4 this follows that a price increase of 10 percent would result in the quantity needed decline by 44% as illustrated below:

4.4 = (% quantity change) / (% price change)

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x = -4.4 (10) = -44%  here negative sign shows decline in quantity required.

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Answer:

The return for the year is -15.57%.

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Answer:

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