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Finger [1]
3 years ago
8

Sam and Joan made an offer of $250,000 asking the seller to pay all closing costs. They will put 10% down and pay one discount p

oints at closing. The amount of cash required at closing for Sam and Joan will be?
Business
1 answer:
Archy [21]3 years ago
3 0

Answer:

$27,500

Explanation:

Discount points are also called mortgage points and are fees paid as prepaid interest rate on a mortgage property.

One discount point is equivalent to 1% of the loan amount.

In the given scenario a down payment of 10% was made.

Also they are pay one discount point to close.

So total down payment to be made is 10% + 1% = 11%

Amount is cash for closing = 0.11 * 250,000 = $27,500

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Kahle Company has two support departments: Purchasing and Payroll. The Purchasing Department expense is $500,000 to process 50,0
allsm [11]

Answer: $15600

Explanation:

To calculate the amount of the Payroll Department's cost that is allocated to the Assembly Department goes thus:

First we need to calculate the allocation rate which will be:

= $300,000/25,000

= $12.

Then, the departmental cost will be:

= Payroll checks × Allocation rate

= 1,300 × $12

= $15,600.

Therefore, the amount of the Payroll Department's cost that is allocated to the Assembly Department is $15600.

3 0
3 years ago
Why does the law of increasing opportunity cost occur?
Elena L [17]

Answer:

The correct answer is A and B

Explanation:

Law of increasing the opportunity cost is the principle or the concept which is defined as the company continue to increase the production of one good, the opportunity cost of producing the next unit will increase.

It is as to reallocate the resources in order to produce that one good which was better or best suited to produce the original good.

The law of opportunity cost occur when some of the resources are best suited for some tasks or products instead of others and it will lead to increase in production with increase in the opportunity cost too.

8 0
3 years ago
Which of the following falls outside of the classification of business expenditures that fall into the category of variable cost
yuradex [85]

The option that falls outside of the classification of business expenditures that fall into the category of variable costs is option C. costs of research and development. Read below about costs of research and development.

<h3>What is a costs of research and development?</h3>

These are costs taken to develop new products or processes that may or may not result in commercially viable items. The general rule is that research and development costs are to be expensed immediately when the costs are incurred.

Therefore, the correct answer is as given above.

learn more about costs of research and development: brainly.com/question/18685415

#SPJ1

4 0
2 years ago
HELP ASAP!!! As the director of sales, Piper wants to create a bar graph to compare the year-to-date sales made by her top five
viva [34]

Answer:

The first graph I think

Explanation:

the one with more lines

5 0
2 years ago
WriteOn Stationery is new in the market. They have hired a specialized agency to promote their products in the market. Which typ
Brrunno [24]

Answer: Marketing service

Explanation: Marketing services can be defined as those services involving activities like advertising and market research etc. The main focus of marketing is not on advertising the products but to make a demand in the market for the product offered.

In the given case writeon is new in the market hence they need promotion and customer base for selling the product. The advertising objectives that writeon needs can be achieved with the help of marketing activities.

8 0
3 years ago
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