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
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.

You might be interested in
A company's structure should be aligned with:________
diamong [38]

A company's structure should be aligned with its strategy.

Aligning a company's structure to its approach is critical for strategy execution success. The organization structure needs to assist the strategy and its execution. while possible, management must make sure that the company structure is obvious, decentralized, and formalized.

A company's structure is about converting its organizational structure to benefit a competitive part in a patron fashion. This new client conduct could be very profitable, and the agency sees the sales that may stem from it. Entrepreneurial is not a diagnosed form of organizational structure. Intrapreneurs are personnel who work inside a business in entrepreneurial ability, developing progressive new merchandise and procedures for the organization.

A traditional line organizational shape is simply the location to start for most groups, especially the smaller ones that don't always comprise a considerable range of departments or require the main variety of hyperlinks within the chain of conversation.

Learn more about the company's structure here:-brainly.com/question/23879809

#SPJ4

3 0
2 years ago
You love peanut butter. You hear on the news that 50 percent of the peanut crop in the South has been wiped out by drought, and
TiliK225 [7]

Answer:

b. your demand for peanut butter increases today.

Explanation:

If the price of a commodity would increase at a later date, consumers would increase demand for the good today. Consumers would be willing to buy as much as they can at the lower price. This would shift the demand curve to the right.

6 0
3 years ago
The Morris Corporation has $350,000 of debt outstanding, and it pays an interest rate of 12% annually. Morris's annual sales are
Anni [7]

Answer:

TIE 2.47

Explanation:

\frac{EBIT}{InterestExpense} = $Times Interest Earned

Our first step will be calculate the interest expense

350,000 debt outstanding * 12% rate = 42,000

Next, we need the EBIT which means Earnings Before Interest and Taxes.

Using the net profit margin of 3% we can get the net income

This means 3% of sales become net income

We are going to apply this to Morris sales to get the net income

1,750,000 * 0.03 = 52,500

Now this include the interest and taxes, we need to get the Earning before those two concepts so:

\frac{NetIncome}{1-Tax Rate} + $Interest Expense = Earnings Before Interest and Taxes

52,500/(1-0.40)+42,000 = 87,500 + 42,000 = 129,500

Now we got everything needed for the TIE

129,500/52,500 = 2.47

3 0
3 years ago
barber charges $20 per haircut. The total cost for running his home-based business is $4,000 per month, which includes his salar
Lelu [443]

The minimum price that the barber must charge <em>to increase his salary to $4,000</em> for each of the 200 haircuts is <em>A. $25.</em>

Data and Calculations:

Charge per haircut = $20

Total cost per month = $4,000

Monthly salary = $3,000

Other costs per month = $1,000 ($4,000 - $3,000)

Minimum number of haircuts per month = 200

Expected monthly salary per month = $4,000

Total new monthly expenses = $5,000

Minimum price to charge per haircut = $25 ($5,000/200)

Thus, the minimum price that the barber must charge <em>to increase his salary to $4,000</em> without increasing the number of haircuts is $25.

Learn more: brainly.com/question/14872023

6 0
2 years ago
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $302,000 and in Allowance for Uncollectible A
marin [14]

Answer:

$5,230

Explanation:

Account receivable balance = $310,000

Credit balance in allowance for uncollectible accounts = $970

Given percentage = 2%

So by considering the above information, the bad debt expense is

= Account receivable balance × given percentage - credit balance in allowance for uncollectible accounts

= $310,000 × 2% - $970

= $6,200 - $970

= $5,230

7 0
2 years ago
Other questions:
  • Which social networking platform is specifically for career networking?
    13·2 answers
  • To create the best design concept for your client, it is generally best to only consider the culture in which the interior desig
    13·1 answer
  • Suppose that a Treasury coupon security is purchased on April 8 and that the last coupon payment was on February 15. Assume that
    10·1 answer
  • Recently, a senior software engineer complained that his boss was always in the "command and control" mode: "He doesn't trust us
    14·1 answer
  • Grant, Inc., acquired 30% of South Co.’s voting stock for $200,000 on January 2, Year 1, and did not elect the fair value option
    10·1 answer
  • Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per
    8·1 answer
  • The unemployment that is caused by changes in the​ economy, such as shifts in manufacturing​ techniques, increased use of comput
    10·1 answer
  • Individual Activity 1: Marty and the Martins
    5·2 answers
  • Gibson Valves produces cast bronze valves on an assembly​ line, currently producing 2000 valves per shift. If the production cha
    13·1 answer
  • identify each point as supporting either matthew desmond’s contention that eviction can cause poverty or the alternative argumen
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!