Answer:
$8,000
Explanation:
Closing costs are fees levied on mortgage takers. They are paid at the closing stages of a mortgage to cover the costs of transferring the title to the buyer and other expenses.
If the mortgage is $200,000 and closing costs at 4%, the actual amount to be paid as the closing cost will be,
= 4% of $200,000
=4/100 x $200,000
=0/04 x $200,000
=$8,000
Answer:
- The corporation survives even if managers are dismissed.
- Shareholders can sell their holdings without disrupting the business.
Explanation:
Large corporations are not as easy to dissolve as other types of companies because they have other resources that are able to keep them going if they lose some. One of those resources could be a manager. Should a manager be dismissed, the corporation will survive and simply replaced the dismissed manager.
Also with such corporations, the shareholders can simply sell their shares and the business's operation will not be disrupted as the shareholders do not have any direct say over the day to day running of the business.
Bank reconciliation is one of the components of the internal control system of an organization.
Option B is the correct answer.
<h3>What is internal control?</h3>
Internal control is applied to identify the accuracy and fairness of the accounting information being reported in the accounting records.
The bank reconciliation is a statement prepared to figure out whether the balances of the company's cash account are matched with the bank statement or not. If it is not matched, then what are the differences that lead to the non-matching of both the records.
Therefore, the internal control system of an entity comprises one of its processes called bank reconciliation.
Learn more about the bank reconciliation in the related link:
brainly.com/question/15525383
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I would say A. Would be your best answer.
Hope I helped!
Answer:
$24,556.53
Explanation:
We are to find the present value
PV = FV x (1 + r) ^-n
FV = Future value
PV = Present value
R = interest rate
N = number of years
$40,000 x(1.05)^-10 = $24,556.53
