Based on the various costs paid at closing, the total amount that was paid was <u>d. $7,499.</u>
<h3>Commission paid to agent</h3>
= Cost of house x Commission
= 3% x 180,000
= $5,550
<h3>Total amount paid at closing</h3>
= Commission + Loan origination + Title insurance +Attorney fees + Appraisal cost + Recording fees
= 5,550 + 275 + 528 + 750 + 275 + 121
= $7,499
In conclusion, the total paid at closing is $7,499.
Find out more on closing costs at brainly.com/question/26133271.
Answer:
The correct answer is rationalization.
Explanation:
The concept of rationalization was given by Max Weber. According to him, rationalization is a process through which modern society is getting more and more concerned towards efficiency and predictability.
Efficiency can be defined as getting maximum results from minimum efforts, or in other words, maximum revenue from incurring minimum costs so as to maximize profits.
In Weber's views, this economic principle is now being increasingly involved in the day to day life.
Answer: 83.53 days.
Explanation:
We would need to calculate the Current Assets as well as the Quick Assets.
Calculating the Current Assets we can use the Current ratio and Current Liabilities as follows,
Current Assets = Current Ratio * Current Liabilities
= 1.22 * 28,000
= $34,160
Then we calculate the Quick Assets which are essentially the most liquid assets being Cash and Cash Equivalents,
= Quick Ratio * Current Liabilities
= 0.71 * 28,000
= $19,880
Inventory will be Current Assets minus Quick Assets because Current Assets include all Current Assets whereas Quick Assets are Cash And Cash Equivalents Current Assets
= 34,160 - 19,880
= $14,280
We can then calculate the Inventory Turnover as,
= Cost of Goods sold / Inventory
= 62,400/14,280
= 4.36974789916 times.
Now we can finally calculate the days of Inventory by dividing the days in a year by the Turnover ratio. We will assume a 365 year.
= 365/4.36974789916
= 83.53 days.
It takes 83.53 days on average does it take to sell the inventory.
Answer:
an emerging business opportunity for several companies.
Explanation:
China is a developed nation with so many businesses that cut across the world. The country is filled with entrepreneurs who are constantly seeking to expand their horizons through collaboration with other nations.
Entrepreneurs who are seeking better ways to do business or the latest technologies to deploy in their businesses can benefit by collaborating with China.
