The newest employee at Edwards Escrow Co., Adam Riley, is handling the escrow

1 answer:

5 0

Since Adam cannot remember the number he used for the proration, then, he should use 28 days because that is the actual number of days in February,

Proration is an act of dividing the property expenses between a buyer and seller to ensure that the parties only pay for the days they owns the property.

Since the month of February contains 28 days, then, the number of days used in the calculation of the Proration will be maximum of 28 days

Therefore, the Option A is correct because 28 days is the actual number of days in February.

Missing options includes

28 days because that is the actual number of days in February, the month for which the prorations are being calculated.,
30 days which escrow companies use as their base month in figuring out prorations
31 days which escrow companies use as their base month in figuring out prorations.

You might be interested in

When modeling the right to develop an oil property as a real option, and in the presence of fixed costs, using oil price volatil

lora16 [44]

Answer:

overestimate because the value of the option depends on the volatility of revenue

Explanation:

The greater the market volatility, the greater the range that would be needed to determine the option premium. This would end up causing an overestimation of the premium value.

Therefore making use of oil price volatility in the option-pricing model will overestimate as value of option is dependent on how volatile the revenue is.

4 0

3 years ago

TB MC Qu. 16-98 At the beginning of the recent... At the beginning of the recent period, there were 1,020 units of product in a

Sloan [31]

Answer:

I will need more information

Explanation:

7 0

3 years ago

Heavy dream is best. agree or no agree

Bad White [126]

Answer:

Agree

Explanation:

3 0

3 years ago

Read 2 more answers

Your firm has just entered the polish market for bottled water. the major distributor is owned by a competitive producer of bott

Oliga [24]

You can provide cheaper bottled water, therefore giving customers an option for cheaper water. You can heavily market in your area in order to get the word out as well.

6 0

3 years ago

Fiat money: Group of answer choices has advantages over commodity-backed money. is currency from Italy.can include currency back

butalik [34]

The correct answer is A) has advantages over commodity-backed money.

Fiat money has advantages over commodity-backed money.

There was a time when money in the United States was backed by gold. Not any more. Fiat money, as the US dollar is backed by the US government, This is the case in other countries, For instance, the European Union's currency, the Euro, is also fiat money. Governments issue fiat money through their central banks and can exert certain kinds of control on it.

4 0

3 years ago