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Tomtit [17]
3 years ago
14

Fredrick purchased a property worth $150,000 on mortgage. He paid $30,000 as a down payment on this property. However, a recent

slump in real estate prices forced Fredrick to sell the property for $115,000 only 2 months later. This sale is termed a(n): Group of answer choices
Business
1 answer:
Eva8 [605]3 years ago
5 0

Answer:

Real estate short sale

Explanation:

Real estate is defined as a piece of land and any attached property that is constructed on it.

In real estate business a real estate short sale occurs when the person that owns a property decides to sell the property at a price that is less than the amount on the mortgage.

This usually occurs as a result of financial distress of the owner.

In the given scenario the property has a mortgage value of $150,000 and down payment of $30,000 has been made.

The mortgage amount is now $150,000 - $30,000 = $120,000

However they now sell the property for $115,000 which is less than the remaining mortgage value of $120,000.

This is and example of real estate short sale.

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What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet?
kiruha [24]

Answer:

As assets but separately from other receivables.

Explanation:

When a company lends money to its employees, managers or affiliated companies, or sells goods or services to them, it must report those accounts or notes receivables in a separate account than normal transactions carried out with external customers. This happens because the transactions must be verifiable to check if they were legal and followed the proper procedures, and at what price or interest rate were they carried out. E.g. a corporation that lens $10 million to its CEO at 1% interest rate is not doing things properly and that transaction should be reversed and proper interest rates must be charged.  

5 0
3 years ago
A refinery blends three petroleum components into three grades of gasoline -regular, premium, and diesel. The maximum quantities
erica [24]

Answer:

Explanation:

1)

<h3> </h3>

xij = barrels of component i used in grade j per day for i = A, B, C and j = R, P, D

2)

Max Z = 18 (x AR + x BR + x CR) + 25 (x AP + x BP + x CP) + 15 (x AD + x BD + x CD) – 9 (x AR + x AP + x AD) – 7 (x BR + x BP + x BD) – 10 (x CR + x CP + x CD)

or,

Max Z = 9 x AR + 11 x BR + 8 x CR + 16 x AP + 18 x BP + 15 x CP + 6 x AD + 8 x BD + 5 x CD

3)

Subject to,

x AR + x AP + x AD <= 6000

x BR + x BP + x BD <= 3000

x CR + x CP + x CD <= 4500

x Aj + x Bj + x Cj >= 5000 for j = R, P, D

x AR >= 30%*(x AR + x BR + x CR) or, 0.7 x AR - 0.3 x BR - 0.3 x CR >= 0

x BR <= 30%*(x AR + x BR + x CR) or, -0.3 x AR + 0.7 x BR - 0.3 x CR <= 0

x CR >= 30%*(x AR + x BR + x CR) or, -0.3 x AR - 0.3 x BR + 0.7 x CR >= 0

x CP >= 60%*(x AP + x BP + x CP) or, -0.6 x AP - 0.6 x BP + 0.4 x CP >= 0

x BD <= 50%*(x AD + x BD + x CD) or, -0.5 x AD + 0.5 x BD - 0.5 x CD <= 0

xAD >= 10%*(xAD + xBD + xCD) or, 0.9 xAD - 0.1 xBD - 0.1 xCD >= 0

xij >= 0 for i = A, B, C and j = R, P, D

6 0
3 years ago
What is the market value of a stock that paid a dividend of $3.80 last year if the dividend is increasing at 10% annually and th
Papessa [141]

Answer:

The market value of the stock is $41.8

Explanation:

Div 1 = Div 0 (1+r)

=3.80 (1+0.10)

=3.80(1.10)

=4.18

Market value of the stock= Dividend 1 / (r-g)

= 4.18 / 0.2 - 0.1

= 4.18 / 0.1

= $41.8

The market value of the stock is $41.8

7 0
3 years ago
Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Culver, Inc. and Larkspur, I
Marizza181 [45]

Answer:

Explanation:

Culver, Inc assets

Assets B. 75,000

Accumulated Depreciation

40,000

Asset A96,000

Cash. 15,000. Gain on exchange. 4,000

Larkspur Asset

(Asset B)

Asset A. 60,000. Accumulated Depreciation 47,000.

Cash. 15,000. Asset B. 110,000. Gain on exchange. 12,000. (b) let's say that the exchange of Assets A and B lacks commercial substance, record the exchange for both Culver, Inc. and Larkspur, Inc . in accordance with generally accepted accounting principles.

Culver's Asset (Asset A)

Asset B. 71,000

Accumulated Depreciation

40,000

Asset A.

96,000

Cash. 15,000

Larkspur Asset (Asset B)

Asset A. 50,400

Accumulated Depreciation

47,000

Cash. 15,000

Asset B. 110,000

Gain on exchange. 2,400.

6 0
3 years ago
The owner of a small biotechnology company motivates employees _____ by reminding them of the satisfaction they will gain from h
MariettaO [177]

Answer: intrinsically; extrinsically

Explanation:

Intrinsic motivation simply has to do with self satisfaction. It is the motivation that one does because one find that particular thing fun or satisfying.

Extrinsic motivation is a form of motivation that is reward driven. It is when one does something because there's a particular reward attached to that thing.

3 0
2 years ago
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