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3 years ago

Match each scenario with the step in the home-buying process it describes

Business

2 answers:

Tanzania [10]3 years ago

5 0

1 closing,2 appraisal and 4 prequalification

AnnyKZ [126]3 years ago

5 0

Answer: The correct answers in order are Closing, Appraisal, Inspection and Prequalification.

Explanation: As a person is going through the steps to purchase a home there are a number of steps that will occur.

During the closing Jane has to pay the fees in order to complete the purchase.

The appraisal involves the bank getting an independent value on the home.

During an inspection a license professional may find mold in the basement.

In the prequalification process Jane would have her financial status verified and would get a mortgage estimate.

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You want to create a $48,000 portfolio that consists of three stocks and has an expected return of 14.5 percent. currently, you

damaskus [11]

The above answer can be calculated as -

Let the expected return of stock C be X

Given, Portfolio amount = $ 48,000, Expected return on portfolio = 14.5 %

Amount of expected return of portfolio = $ 48,000 X 14.5 % = $ 6,960

Now, the returns from the remaining two stock will be calculated -

Return on Stock A = $ 16,700 X 18.7 % = $ 3,122.90

Return on Stock B = $ 2,710.4

Total return = $ 3,122.9 + $ 2,710.4 + X = $ 6,960

X = $ 1,126.70

Remaining amount of portfolio = $ 48,000 - $ 16700 - $ 24200 = $ 7100

Expected return on Stock C = $ 1,126.70 / 7,100 = 15.9%

4 0

3 years ago

Baker traded a building used in her business for some new land. Baker originally purchased the building for $50,000 and it had a

Fittoniya [83]

Answer:

The adjusted basis in the land after the exchange=-$10,000, meaning Baker realized a loss of $10,000 from the exchange

Explanation:

Step 1: Determine the initial loss/gain in value of the building

initial loss/gain=original purchase price-adjusted basis

where;

original purchase price=$50,000

adjusted basis=$30,000

replacing;

initial loss/gain=50,000-30,000=$20,000

initial loss in value=-$20,000

Step 2: Determine the loss or gain from the exchange

loss/gain=35,000-30,000=$15,000

gain=$15,000

Step 3: Determine other additional costs

Costs=loss=-$5,000

Step 4: Determine the net gain/loss

net gain/loss=-20,000+(15,000)+(-5,000)=-$10,000

The adjusted basis in the land after the exchange=-$10,000, meaning Baker realized a loss of $10,000 from the exchange

8 0

4 years ago

Suppose Amazon stock is trading for $ 495 per share, and Amazon pays no dividends. a. What is the maximum possible price of a c

Contact [7]

Answer:

a) $ 495

b) $ 530

c) $ 30

d) $ 70

Explanation:

Given:

Stock price = $ 495

Strike prize = $ 530

a) The maximum possible price of a call option on Amazon is the stock price,

thus, the answer is $ 495

b) the maximum possible price of a put option on Amazon is the strike prize, thus, the answer is $ 530

c) given:

strike price = $ 465

now,

Minimum possible value of call option is given as :

⇒ Stock price- strike price

on substituting the values, we get

⇒ $ 495 - $ 465

⇒ $ 30

thus,

answer is $ 30

d) Given:

strike price = $ 565

Minimum possible value of an american put option on amazon stock is calculated as:

⇒ Strike price- stock price

on substituting the values, we get

⇒ $ 565 - $ 495

= $ 70

hence, the answer is $ 70

7 0

3 years ago

How are school rules similar to state and federal laws? What would the typical American high school be like if there were no rul

Strike441 [17]

School rules are similar to federal laws because they both (try) to restrict people from doing harmful or bad things. A typical American high school with out rules, or any consequences for breaking them would be anarchy. Kids could bully one another, fight each other, ruin school property with spray paint, fire, etc. They also might not do their homework, or school work in general. It depends on the kid with out rules. Some kids might go crazy, some kids might stay calm and collected.

3 0

3 years ago

Kara Fashions uses straight-line depreciation for financial statement reporting and MACRS for income tax reporting. Three years

horrorfan [7]

Answer:

A. Credit $5,000

B. Dr Income tax expense $1,005,000

Cr Income tax pay$1,000,000

Cr Deferred tax liability $5,000

Explanation:

Calculation for What is the deferred tax liability to be reported in the balance sheet

Deferred tax liability=[ (400,000-300,000)*.25]-20,000

Deferred tax liability=($100,000*.25)-$20,000

Deferred tax liability=$25,000-$20,000

Deferred tax liability=$5,000 Credit

Therefore the deferred tax liability to be reported in the balance sheet will be $5,000 Credit

B. Preparation of the appropriate journal entry to record income taxes this year.

Dr Income tax expense $1,005,000

Cr Income tax pay$1,000,000

(4million *.25)

Cr Deferred tax liability $5,000

5 0

3 years ago