a real estate transaction has a closing date of november 15. the seller, who is responsible for costs up to and including the date of settlement, has already paid the property taxes of $5,116 for the calendar year. at closing, the buyer will be
Answers
$639.50 is deducted from the answer. On the closing statement, the buyer will be charged or debited with an amount sufficient to cover the seller's loss on the prepaid taxes.
What does the term "real estate" mean?
Real estate is defined as the land and any affixed permanent structures, such as a house, or improvements, whether created naturally or artificially. Real property includes real estate.
A Real Estate Agent: What Is It?
An authorized real estate agent connects buyers and sellers for transactions and advocates for them in court. In most cases, agents are paid a commission, which is a percentage of the sale price of the home. The commission an agent receives is based on their state and brokerage.
Briefing:
(1) finding the monthly amount of the real estate taxes ($5,116 ÷ 12 = $426.33)
(2) finding how many months lie between the settlement and the end of the year (15 days, or ½ month, in November and a full month in December = 1.5 months),
(3) finding the taxes on 1½ months ($426.33 × 1.5 = $639.50).
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Related Questions
Which inventory costing method results in the lowest net income during a period of rising inventory costs?.
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Due to the greatest cost of goods sold, the LIFO (Last In Last Out) technique displays the lowest net profitability. Compared to the other techniques of inventory valuation, the cost of goods sold for the LIFO approach is the greatest.
Which technique of inventory valuation will result in the lowest net profit?The application of LIFO will produce the lowest net income and the greatest estimated cost of goods sold among the three options during periods of inflation.
Which method of inventory has the lowest income tax rate?LIFO is the inventory cost flow method that yields the lowest income tax liability. A form of inventory cost flow mechanism called last-in-first-out (LIFO) operates under the presumption that the last item acquired will be the first item to be sold.
In an era of inflation, which inventory method results in the lowest income tax?Due to increasing COGS, LIFO leads to reduced net income (and taxes). However, under LIFO during inflation, there are fewer inventory write-downs. Results from average cost are in the middle of FIFO and LIFO.
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The file Eimployee tat cantains employee deulls of tav type of enployees, monthly-peid and weurly-paid. The Wrie a properam that will nad all die employees details from the tect file. If eriployer tope is manthy , the employ ce details will be ave to the monthly sxt file eise another file hourh at will be chand to save the hourly employee details.
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To separate employee details from a text file based on payment type (monthly or hourly), write a program that reads the file, identifies the payment type, and saves the details to respective output files accordingly.
To read employee details from a text file and separate them based on their payment type (monthly or hourly), you would typically need to write a program in a programming language of your choice. Here is a high-level algorithm you can follow:
Open the input text file for reading.Create two output files: one for monthly-paid employees and another for hourly-paid employees.Read each line of the input file.Split the line into individual details (e.g., employee ID, name, payment type).Based on the payment type, write the details to the respective output file (monthly or hourly).Repeat steps 4-5 for each line in the input file.Close all the files after processing.Remember to handle any errors or exceptions that may occur during file operations or data processing. Additionally, ensure that you define the file format and structure, such as the delimiter used to separate employee details in the input file.
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If an engine has a Base Timing of 10° BTDC, but is currently firing at 5°, which is it
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Based on the principle of starting engine, the correct answer is turbocharged engine
Turbocharged engineStarting a turbocharged engine, the timing is reduced to compel the peak starting pressure later in the combustion stroke.In conclusion, we can conclude that the correct answer is turbocharged engine.
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for illustration purposes, utility can be measured in terms of imaginary units called
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"utils". The concept of utils is used in economics to measure the amount of satisfaction or happiness that a consumer derives from consuming a particular good or service.
While utils are not a tangible unit of measurement, they are a useful tool for economists to understand and quantify consumer preferences. By measuring the amount of utils that a consumer derives from a particular good or service, economists can analyze the trade-offs that consumers make when allocating their limited resources, such as time and money. This information can be used to develop more effective marketing strategies and to make better policy decisions that affect consumer behavior.
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Insurance is a financial risk that allows a
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Answer:
The insurance risk class allows insurance companies to determine the amount of coverage needed, as well as how much that coverage should cost.
Hope it helps! :)
name two methods used to measure inequality of income in a country
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The most commonly used inequality measure are the Gini coefficient ( based on Lorenz curve ) and the percentile or share ratios. This measures try to capture overall dispersion of income; how were they tend to people different leavles of importantance on the bottom middle and top end of distribution .
I hope it is helpful for you .
An investor seeking to recover stock market losses from a CPA firm associated with an initial offering of securities based on an unmodified opinion on financial statements that accompanied a registration statement, must establish that:_________.
A) The audited financial statements contain a false statement or omission of material fact.
B) The CPA firm would have discovered the false statement or omission if it had exercised due care in its examination.
C) The CPA firm did not act in good faith.
D) The investor relied on the financial statements.
Answers
Answer:
A) The audited financial statements contain a false statement or omission of material fact.
Explanation:
When an investor seeking to recover stock market losses from a CPA firm associated with an initial offering of securities based on an unmodified opinion on financial statements that accompanied a registration statement, must establish that the audited financial statements contain a false statement or omission of material fact.
An unmodified opinion on financial statements can be defined as an opinion issued by an auditor stating that there are no material misstatements and this simply implies that the, the financial statement represents a true and fair perspective.
Hence, when an investor seeking to recover stock market losses from a certified public accountant (CPA) firm, he or she must establish that the audited financial statements contain a false statement or omission of material fact in accordance with the public company accounting oversight board (PCAOB).
The revenue (in dollars) from the sale of x units of a certain product can be described by R(x)=100x−0.09x
2
. Find the instantaneous rate of change of the marginal revenue. R
′′
(x)=
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The instantaneous rate of change of the marginal revenue at x = 150 units is 73 dollars.
The instantaneous rate of change of the marginal revenue is found by taking the second derivative of the revenue function, R(x).
To find the second derivative, we need to differentiate the revenue function, R(x), twice with respect to x.
Given that R(x) = 100x - 0.09x^2, let's find the first derivative, R'(x), using the power rule of differentiation:
R'(x) = 100 - 0.18x
Now, let's find the second derivative, R''(x), by differentiating R'(x) with respect to x:
R''(x) = -0.18
The second derivative of the revenue function, R''(x), is -0.18.
This means that the instantaneous rate of change of the marginal revenue is constant and equal to -0.18. This indicates that the marginal revenue is decreasing at a constant rate of 0.18 dollars per unit.
To find the value of the marginal revenue at a specific value of x, you would substitute that value into the first derivative function, R'(x).
For example, if we want to find the marginal revenue at x = 150:
R'(150) = 100 - 0.18(150)
= 100 - 27
= 73
Therefore, the instantaneous rate of change of the marginal revenue at x = 150 units is 73 dollars.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
If goods ordered under a binding purchase commitment permanently decline in value below the agreed on purchase prices, a company should.:____.
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If goods ordered under a binding purchase commitment permanently decline in value below the agreed on purchase prices, a company should record a loss in its financial statements. This loss should be recognized in the period in which the decline in value occurred.
To record this loss, the company should compare the original purchase price with the current fair value of the goods. The difference between the two values represents the decline in value. The company should then recognize this decline as a loss on its income statement. This loss will reduce the company's net income and shareholders' equity. It is important for the company to follow the Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) when recording this loss to ensure accuracy and transparency in its financial reporting.
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Who listen to ebk jaaybo
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Answer:
never heard of that person
Explanation:
I don't but u are wasting ur points on this types of questions.
Are balloon payments a good idea?
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A balloon payment can benefit buyers who have the necessary savings, and it can also benefit investors by releasing short-term cash. However, in the majority of situations, balloon repayments are a simple way to get into debt.
The final payment will likely be very enormous, as indicated by the phrase "balloon." Balloon payments often cost at least twice as much as the prior installments on the loan. Balloon payments are more frequent in commercial lending than in consumer lending since the ordinary homeowner often cannot afford a very big balloon payment at the end of the mortgage.
As the balloon payment approaches, the majority of homeowners and borrowers want to either refinance their mortgage or sell their home before the loan's maturity date. Businesses frequently use balloon loans to take advantage of lower initial payments to satisfy their short-term financial needs before making the balloon payment. During the loan term, this sort of loan specifically designs earlier payments to be smaller and later payments—often simply the last payment—to be bigger.
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Lower monthly repayments are a major advantage of an RV or balloon payment. This is due to the fact that over the loan's full duration, you are in fact paying interest on the balance of the residual value as well as balloon payment.
Define the term balloon payments?A balloon payment is a one-time, larger-than-normal payment due at the conclusion of the loan term.
A balloon payment is a one-time, large-scale principal payment made near the end of the loan term. A balloon payment is an exaggerated one-time sum owed, typically after interest-only installments have been made throughout the term of the loan, rather than paying down principal and over course of the loan.The benefits of balloon payments are-
Typically, there is no need for a deposit.Your ability to manage cash flow might benefit from it.You can fill financial shortfalls and release short-term capital.There will be a reduced monthly repayment fee.You can purchase a newer or perhaps more expensive car if your loan amount is increased.To know more about the balloon payments, here
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Compare and contrast three structures of tax system
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The three structures of a tax system are progressive, regressive, and proportional. Each of these structures has different implications for how individuals and businesses are taxed.
Progressive taxes are those that increase in rate as income increases. This means that individuals with higher incomes pay a higher percentage of their income in taxes. Examples of progressive taxes include income taxes and estate taxes.
Regressive taxes, on the other hand, decrease in rate as income increases. This means that individuals with lower incomes pay a higher percentage of their income in taxes. Examples of regressive taxes include sales taxes and excise taxes.
Proportional taxes, also known as flat taxes, are those that remain the same regardless of income. This means that all individuals pay the same percentage of their income in taxes. Examples of proportional taxes include property taxes and some corporate taxes. Overall, the main difference between these three structures of the tax system is how they affect individuals with different levels of income. Progressive taxes tend to benefit those with lower incomes, while regressive taxes tend to benefit those with higher incomes. Proportional taxes, meanwhile, have the same impact on all individuals regardless of their income level.
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Critically discuss three characteristics of an entrepreneur that's may assist a school leaver to become a successful business owner
in essay form
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An entrepreneur is an individual who starts and operates a business with the aim of generating profit. They are often considered to be the driving force behind economic growth in a society.
Being an entrepreneur requires certain characteristics that are essential to achieving success in the business world. Below are three characteristics that may assist a school leaver to become a successful business owner:1. Creativity: An entrepreneur must have the ability to think creatively. They must be able to come up with unique ideas that can help them to stand out from their competitors. Creativity is also important in solving problems that arise in the course of running a business. An entrepreneur who can think outside the box is more likely to succeed in the business world.
Risk-taking: Another essential characteristic of an entrepreneur is the ability to take risks. Starting a business is a risky venture, and entrepreneurs must be willing to take calculated risks to achieve success. They must be able to identify opportunities and take advantage of them, even if it means taking a risk. Successful entrepreneurs are those who are not afraid to fail. They see failure as an opportunity to learn and grow.3. Persistence: Persistence is another essential characteristic of an entrepreneur.
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What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answers
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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Select all that apply.
Which of these are true of a natural pause following a conversation?
You should begin speaking to avoid awkwardness.
You should not panic.
Take a moment to collect your thoughts before you speak.
Conversations that end with a pause went poorly.
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Why? Because all of them are important in a conversation!
speaking to avoid awkwardness is good so you won’t end up ruining the conversation without realizing and giving the other person a bad impression about yourself. And not panicking is quite important too, because when you panic and get negative thoughts you’ll realize that it’s keeping you down and making you feel bad or anxious about every single word you say. And lastly collecting your thoughts and putting them in order (few seconds before starting a conversation) can be helpful to most people which will make them feel more confident and prepare especially if the conversation was serious.
Answer:
You should not panic
AND
Take a moment to collect your thoughts before you speak.
Explanation:
Hope this helps!
order for bubbles to occur, expectations of a price increase usually _____ demand ______ supply
Answers
Answer:
Increases decreases
Explanation:
I might be wrong I'm guessing sorry
a federal covered investment adviser has which of the following obligations regarding the state in which it maintains its principal place of business? it must notify the administrator of its sec registration. it must pay state-required filing fees. its adviser representatives are exempt from state-required exams. it must maintain net worth equal to the higher of federal requirements or those of the state. a) i, ii, iii, and iv b) ii only c) i and ii d) i only
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The correct answer is A) I and II, because Federally covered investment advisers are required to notify the Administrator of their federally covered status and pay state-mandated fees. States may require checks, such as Series 65 or 66, but not net worth in excess of what is required by federal law.
Federal covered advisers generally can be described as investment advisers with more than $100 million in assets under management. Federal covered securities include those on the AMEX, the NYSE, and all tiers of the Nasdaq Stock Market as well as investment companies registered under the Investment Company Act of 1940.
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How can an employee best help to maintain a positive work environment?
ОА.
Avoid interacting with other staff members.
OB.
Focus on the good things.
O C.
Socialize every evening with other staff members.
OD.
Maintain good relations with the management.
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D. Maintain good relations with the management.
Answer:
it is (C)
Explanation:
If a business is owned by many people, it is called a _____ . A. sole proprietorship. B. corporation. C. limited liability company. D. partnership
Answers
Answer:
bbb
Explanation:
When a business is owned by many people, then such a kind of business will be termed as corporation. Hence, Option B is correct.
What is a business?A business is a term which is used to denote the kind of activity that makes a person engaged and so that they can earn money to provide support to their family as well as themselves.
In terms of the monetary sector, with the help of this , they will continue in a smooth and efficient manner. With the help of business, one can earn that much money through which they can move towards master status.
When a person runs a kind of business there, apart from him, many other people will also become owners. It will be referred to as a corporation.
Therefore, Option B is correct.
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Suppose a company decides to lay off 150 workers to increase share values as a result some interested parties would benefit while others would suffer this scenario demonstrates the concerns with the _____ theory of social responsibility.
A. Maximizing profits
B. Stakeholder interest
C. Corporate citizenship
D. Moral minimum
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Answer:
Corporate citizenship
it is antibullying month what are some ways you can prevent bullying to happen in any way?
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The Myers-Briggs Type Indicator (MBTI) was developed in 1943 and is based on the theories of the famous psychologist Carl Jung.
True
False
Answers
Answer:
False.
Explanation:
This is false, 1962 is the real date.
The MBTI instrument was first published in 1962.
The price of a call option tends to be lower when which of the following is higher (all else equal)?
1. The expected volatility of the underlying stock
2. The price of the underlying stock
3. The time to maturity
4. The strike price
5. None of the options are correct
Answers
The price of a call option tends to be lower when the time to maturity is higher (all else equal). This is because the longer the time to maturity, the higher the probability of the stock price falling below the strike price, reducing the chance of the option being exercised.
Additionally, a longer time to maturity also means a higher opportunity cost for the investor, as they could have invested their money elsewhere and earned a return. Therefore, investors are generally willing to pay less for call options with longer time to maturity, resulting in lower prices. This is because a longer time to maturity increases the uncertainty about the future value of the underlying asset, reducing the likelihood that the option will be exercised. As a result, the value of the call option decreases. However, it's important to note that other factors like volatility, interest rates, and the underlying asset's price can also impact the price of a call option. In this case, option 3 is the correct answer.
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gertrude quit her $40,000- per- year job to start her own own consulting firm. she withdrew her savings of $50,000 which was earning her an interest of $2000 in the bank and invested in her own consulting firm. at the end of her first year of operation, her total revenues were $208,000. her total explicit costs were $108,000. how much are her accounting profits from her own consulting firm? group of answer choices $30,000 $100,000 $50,000 $48,000
Answers
Gertrude's accounting profits from her consulting firm are $100,000, calculated by subtracting explicit costs ($108,000) from total revenues ($208,000).
To calculate Gertrude's accounting profits, we need to subtract her explicit costs from her total revenues.
Total revenues = $208,000
Explicit costs = $108,000
Accounting profits = Total revenues - Explicit costs
= $208,000 - $108,000
= $100,000
Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
Therefore, Gertrude's decision to start her own consulting firm has resulted in a positive accounting profit of $100,000. This indicates that her firm's revenues from consulting services exceed the explicit costs incurred in running the business.
It is important to note that accounting profits do not take into account implicit costs, such as the opportunity cost of Gertrude quitting her job and the foregone interest income from her savings. However, based on the given information, her accounting profits alone amount to $100,000. Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
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Which savings option divides your investment among multiple companies
Answers
Answer:
Mutual funds
Explanation:
I just did it in school a p e x and I searched.
the amount an organization must pay to compete against other companies that hire similar employees is referred to as
Answers
discuss how
prices are formed under a perfectly competition market
Answers
Answer:
In a perfectly competitive market, equilibrium price is determined by the forces of market demand and market supply. Market demand refers to the sum total of demand for a commodity by all the buyers in the market.
In 2022, nina contributes 10 percent of her $100,000 annual salary to her 401(k) account. She expects to earn a 7 percent before-tax rate of return. Assuming she leaves this (and any employer contributions) in the account until she retires in 25 years, what is nina's after-tax accumulation from her 2022 contributions to her 401(k) account?
Answers
The after-tax accumulation from Nina's 2022 401(k) contributions is roughly $34,314.59.
The actions below must be taken in order to determine Nina's after-tax accumulation from her 401(k) account contributions in 2022:
Determine Nina's before-tax contribution in step one:
Assuming Nina contributes 10% of her $100,000 yearly earnings, her pre-tax contribution would be $10,000.
Determine Nina's accumulation before to taxes step two:
When Nina makes 401(k) contributions, she anticipates earning a 7% before-tax rate of return, thus her before-tax accumulation after 25 years is: $10,000 x (1 + 0.07)25 = $45,752.79
Determine Nina's after-tax growth in step Three:
We must take into account the tax ramifications of Nina's contributions and profits in order to determine her after-tax accumulation. The way Nina's 401(k) contributions and earnings are taxed will vary depending on her tax rate, when she retires, and the current tax legislation.
Nina's after-tax accumulation is $45,752.79 x (1 - 0.25) = $34,314.59 assuming a 25% tax rate.
Consequently, Nina's 401(k) account's after-tax accumulation from her 2022 contributions is roughly $34,314.59.
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Leah is stranded on a deserted island. which could be described as a need for leah? a. some stores where she can buy ice cream and clothing b. some friends to keep her company c. food and water
Answers
The correct answer is option C.
As Leah is stranded on a deserted island, food and water is a need.
Why is food and water needed for survival?Water might be the most crucial item to have in an emergency if you want to survive. Given that the average human body contains more than 60% water, acute dehydration cannot be avoided for more than a few days. In order to supply nutrition and energy, food is also necessary. To avoid having to worry about monitoring expiration dates and rotating the stock regularly, consider long-lasting survival food and water while preparing for a crisis. Many items available today have unusually extended shelf life, ranging from 5 to 30 years.More Prepared sells several forms of survival food, such as freeze-dried and organic meal kits, as well as water purification devices. Select the emergency food supply that is most suitable for you.
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