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LenaWriter [7]
3 years ago
12

Mary and Larry are purchasing a house for $198,000. They are making a down payment of $20,000, and they are approved for a confo

rming loan. How much should they expect to receive in seller help if the seller agrees to contribute the maximum amount
Business
1 answer:
Amiraneli [1.4K]3 years ago
7 0

Answer:

$11,880

Explanation:

The computation of the amount that should be expected to recieve in seller is shown below:

The maximum seller contribution should be 6% for confirming the loan as the down payment is more than 10%

So, the amount should be

= $6% of $198,000

= $11,880

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In this case, miguel is conducting a: <span>Case Study 
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Hosha exchanges all of her leaf stock for petal stock plus $5,000 cash. the exchange is pursuant to a tax-free reorganization. h
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6 0
3 years ago
In United States v. Butler, the Supreme Court overturned the Agricultural Adjustment Administration (AAA) because
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Answer:

The correct answer is the tax on food processors was unconstitutional.

Explanation:

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3 years ago
When there are many people singing the same job
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Answer:

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Explanation:

6 0
3 years ago
Hall Corporation reported the following operating results for two consecutive years.
Strike441 [17]

Answer:

                         2014 2013 %CHANGE

SALE           1297000 1001000      29.6%

COGS             797655 600600      32.8%

Gross margin     499345 400400       24.7%

operating expenses  302000 198000        52.5%

Income before tax  197345 202400        -2.5%

taxes                  61400     52600 16.7%

Net income              135945 149800 -9.2%

Explanation:

%change = (2014 - 2013)/2013

2014 and 2013 represent each line item in the income statement

3 0
3 years ago
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