A buyer has deposited 10% of the sales price of a condominium with the broker as earnest money, and the bank has agreed to lend $51,000, which is 80% of the sales price. How much additional funding must the buyer provide to complete this transaction?

Answers

Answer 1

Answer: $6375

Explanation:

Since the bank has agreed to lend $51,000, which is 80% of the sales price, then the sales price will be:

= $51,000/80%

= $51,000/0.8

= $63750

The additional funding must the buyer provide to complete this transaction will be:

= $63750 - $51000 - (10% × $63750)

= $63750 - $51000 - $6375

= $6375


Related Questions

1. What is capital ?

Answers

Capital is a different way to call Money

is also known as ‘value chain’ a. Organizational Hierarchy b. Supply Chain c. Information Chain d. None of the above

Answers

Answer:

b. Supply Chain

Explanation:

The Supply Chain is the management of flow goods or services from the sourcing of suppliers of raw materials to the dispatcher of customer order. This is sometimes known as the value chain.

Authentic Thai rattan chairs are delivered to Gary Schwartz's chain of retail stores, called The Kathmandu Shop, once a year. The reorder point, without safety stock, is 200 chairs.
Carrying cost is $30 per unit per year, and the cost of a stockout is $80 per chair per year.
Given the following demand probabilities during the lead time, how much safety stock should be carried?
Demand during lead time Probability
0 0.2
100 0.2
200 0.2
300 0.2
400 0.2
The optimal quantity of safety stock which minimizes expected total cost is _ units (enter your response as a whole number).

Answers

Answer:

The optimal quantity of safety stock which minimizes expected total cost is _ units is 100 units.

Explanation:

Incremental Costs would be considered here to evaluate which safety stock level is the best for the company.

The working is as under:

Safety Stock  Carrying Cost      Stock-out Cost                    Total Cost

   0                        0                     (100*0.2 + 200*0.2) * 80         4,800

 100                100*30 = $3000   (100 * 0.2) * 80                        1,600

200               200*30 = $6000   (200 * 0.2) * 80                       3,200

The total cost has started growing as the safety starts growing above the 100 units level. This means that the safety stock must be 100 units as the cost at this level is the lowest to the company.

Inventory is termed as the accounting name of the stock of the goods and services in the economy. This is the produced level of the final goods of the firm.  

100 units are the optimal quantity of safety stock for reducing the anticipated total cost.

Here, incremental costs would be considered to determine whether the level of inventory level is optimum for the firm.

The calculation is as shown below:

Safety Stock  Carrying Cost      Stock-out Cost                    Total Cost

  0                        0                     [tex](100\times0.2 + 200\times0.2) \times 80[/tex]         4,800

100           [tex]100\times30 = \$3000[/tex]                  [tex](100 \times 0.2) \times80[/tex]           1,600

200               [tex]200\times30 = \$6000[/tex]          [tex](200 \times 0.2) \times 80[/tex]            3,200

The overall cost has risen up when the degree of safety rises above 100 units. This indicates that the safety stock must be 100 units because the company's cost becomes the least at this point.

To know more about the inventory and its calculation, refer to the link below:

https://brainly.com/question/15838495

"A customer holds 1,000 shares of ABC stock valued at 80 in a margin account. The debit balance in the account is $35,000. ABC declares and pays a 20% stock dividend. The tax consequence of the distribution to the investor will be:"

Answers

Answer: Reduction of cost basis per share

Explanation:

It should be noted that Under IRS rules, when stock dividends are being received, they are not taxable at that particular time as shareholders haven't gotten any return from the stock yet.

The Stock dividend will then lead to reduction in cost basis per share. Therefore, based on the scenario in the question, the tax consequence of the distribution to the investor will be reduction of cost basis per share.

Which example is an economic property but not a law?
"No stealing."
"Buy low and sell high."
"All exchanges must benefit both parties."
"Consumers and producers must agree on prices."

Answers

Answer:

The correct option is;

Buy low and sell high

Explanation:

To "buy low and sell high" is a market strategy that involves the idea of buying stocks or goods or other financial instruments, when the market value is at the lowest, and sell when the prices are high or at their peak

That is a profit is made when traders buy stocks or goods at a price lower than they sell

The idea to buy low and sell high is aptly applied to stock market trading that have cycles of high and low prices. But it is also very much applicable to real estate and property, as these are more tangible items although they operate sometimes at a smaller scale.

Answer:

B) "Buy low and sell high."

Explanation:

i took the test and it was correct :))

The availability of the product processed, prepared, in proper condition, and/or ready to use is referred to as:

Answers

Answer: Form utility

Explanation:

Form utility is defined as how well prepared a product is to serve a customer. In some scenario's, companies produce product to meet the exact need of the customer. The form on how prepared the product is or how ready it is for the market(customer) is known as form utility.

Shell, an energy company, creates very long range forecasts about energy. The oil and gas businesses require large upfront investments against long-term paybacks. They want to understand the risks to those paybacks. This is called

Answers

Answer:

Budgeting

Explanation:

Budgeting is the process of balancing your expenses and income. It involves creating a spending plan that allocates income effectively to different activities of an entity.

Creating a budget help in meeting set objectives of a business by assigning funds to the most relevant activities per time.

In this scenario the oil and gas businesses require large upfront investments against long-term paybacks.

So they need to create very long range forecasts about energy in order to understand the risk from these paybacks.

This is called budgeting

House of quality is a part of the quality function deployment process that utilizes a planning matrix to relate customer "wants" to "how" the firm is going to meet those "wants"

Answers

Answer:

True.

Explanation:

A quality function deployment can be defined as a measure of customer wants or requirements and developing them into processes (how) that each functional area of the manufacturing firm can understand and work with.

House of quality is a part of the quality function deployment process that utilizes a planning matrix to relate customer "wants" to "how" the firm is going to meet those "wants." House of quality is used in product development by providing inter-functional communications and planning in a manufacturing firm through the informations sourced from customers.

The audience's perception of a speaker's competence, trustworthiness, and dynamism is termed A) credibility. B) charisma. C) character. D) personality.

Answers

Answer:

A) credibility

Explanation:

Credibility can be defined as the quality of being trusted and believed in.

The audience have been able to perceive the competence, trustworthiness and the dynamism of the speaker, and these are the criteria to judge credibility.

As a software developer working for a large clothing store chain, you are responsible for creating software used to connect retail store computers to a central database at the head office. recently, some friends of yours suggested that you publish your software under the gpl. what are some direct benefits to publishing your software under the gpl? to publish software made for a company under the gpl, you need the company's permission because the company owns any software that it pays developers to create. when you approach people in your company regarding oss and explain how companies benefit from releasing software as open source, you are asked what benefits the company will receive from funding an open source project over time. your company also wants to know what the procedure is for releasing and maintaining oss. what benefits will you offer them? where could you send them to gain more information on procedures involved in the open source community?

Answers

Answer and Explanation:

software published under general public license(GPL) makes the software an open source software meaning that the public are free to change, study, share and run the program as they please.

Benefits of open source software/GPL include:

-General feedback and quick identification of bugs in software code

-Community contribution to new features, therefore costing the company less in releasing new features

- quick popularity of software as different people come to use and contribute to development

-open source softwares are even more important as they form stepping stones for even better software, reusability, code can be reused for other software development and there won't be any need to code that same functionality

If the company wishes to get more information on opens piece software's and communities or procedures regarding development of open source software, they could check out open source initiative,www.opensource.org, a non-profit organization dedicated to promoting and protecting open source communities and softwares

Chevron identified their desired outputs and then worked backward by examining the supporting processes. They used a holistic approach that led the company to examine the interdependencies among processes used in different business units. This is a _________ approach.

Answers

Answer:

BPR

Explanation:

In this scenario, Chevron identified their desired outputs and then worked backward by examining the supporting processes. They used a holistic approach that led the company to examine the interdependencies among processes used in different business units. This is a Business Process Reengineering (BPR) approach. It is a radical approach and process to redefining a business entity so as to enhance productivity.

Based on the sticky-price model, the short-run aggregate supply curve will be steeper the greater the:

Answers

Answer:

The correct answer will be the "proportion of firms with flexible prices".

Explanation:

The sticky market or price mechanism induces on the upward steep slopes quantity supplied for the immediate term cumulative. That was because firms reacting to changes and differences in economic conditions are restrictive in fluctuating prices. We addressed the explanations or causes behind the strength and stiffness throughout this section.

So that the above is the correct solution.

A company has been complaining about costs and wants to increase the number of burgers its employees can wrap in an hour. You've already tested employees and don't really want to add another test because it affects your budget! The boss insists you add another assessment instrument to up the number of burgers wrapped per hour, so you start the test-review process first looking at:

Answers

Answer:

c. Face validity

Explanation:

Since in the question it is mentioned that the company complaints with respect to the cost, also dont want to add other tests that leads to an ncrease in budget

Also, it the other assessment instrument would be added so this scenario represents the face validity that deals in the study or not for particular measures

Therefore the correct option is c. Face validity

Which one of the following is something to look for in identifying a company's culture? A. the atmosphere, spirit and character that pervades the work climate and the values, business principles, and ethical standards that management preaches and practices B. the track record in meeting or beating its financial and strategic performance targets C. the intensity and makeup of the company's value chain D. the strategic intent and competitive strategy inherent within the company's efforts for successful strategy execution E. the resource strengths, core competencies, and competitive capabilities that permeate the organization

Answers

Answer:

A. the atmosphere, spirit and character that pervades the work climate and the values, business principles, and ethical standards that management preaches and practices

Explanation:

Culture is the normally acceptable social behaviour that is expected from someone in a group. It includes beliefs, knowledge, art, law, capabilities, and habits of the group.

The process by which the culture of a group is imbibed is through learning and socialisation.

The norm of a group is the acceptable way one is expected to behave in the group. Like the way one dresses and language.

A company's culture is expressed in the spirit and character that pervades the work climate and the values, business principles, and ethical standards that management preaches and practices.

On June 1, 2015 Heloise gave Henrietta a gift of stock worth $10,000. Heloise had purchased the stock on January 1, 2015 for $13,000. Henrietta sold the stock to an unrelated party on January 1, 2016 for $13,500. What is the amount and character of Henrietta's gain or loss upon the sale?

Answers

Answer:

$500 short-term capital gain

Explanation:

Henrietta's gain = selling price - stock's basis = $13,500 - $13,000 = $500

Since Henrietta received the stocks on June 1, 2015, and sold them on January 1, 2016, only 7 months had passed, therefore, this transaction would be considered a short term capital gain.

When a gift is sold (in this case the stocks), a taxpayer can use the basis for computing gains. If the stocks were sold at a loss, Henrietta should use the lower value (at the moment of the gift) to determine her loss.

The Western Acres neighborhood is a highly desirable area in which homes very seldom go on the market. The Western Acres properties placed on the market sell very quickly and usually for or above asking price. Which principal of real estate applies to the homes in Western Acres?

Answers

Sellers Market
(when demand exceeds supply, more buyers than homes available, leads to multiple buyers interested in a single property, this results in bidding wars driving the price up)

Prescott Bank offers you a $23,000, 6-year term loan at 8 percent annual interest. What will your annual loan payment be?

Answers

Answer:

Annual payment= $3,901.78

Explanation:

Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.

The monthly instalment is computed as follows:  

Monthly installment= Loan amount/annuity factor

Loan amount;  = 23,000

Annuity factor = (1 - (1+r)^(-n))/r

r -monthly rate of interest, n- number of months

r- 8%/12 = % = 0.6667 , n = 8 × 12 = 96  

Annuity factor = ( 1- (1+0.6667)^(-96))/0.6667

= 70.7370    

Monthly installment = Loan amount /annuity factor

= 23,000/70.7370  = 325.15

Annual payment = 12×  325.15 = $3901.78

Annual payment= $3,901.78

Sweet Stuff Sugar Source ships product all over the world. Since the product it ships has a low value-to-weight ratio, transportation costs are

Answers

Answer:

a large percentage of the total cost

Explanation:

When a product has a high value to weight ratio it means it is expensive and the weight is light. For products with low value to cash ratio they are cheap but have large weight.

Low value to weight ratio goods are more expensive to transport and they do not make up the high transportation cost because they are also cheap.

In this scenario Sweet Stuff Sugar Source ships low value to weight goods all over the world. So their transportation cost will be high and it will make up a large percentage of total cost.

ABC Company had 500 units of XYZ in its inventory at a cost of $4 each. It purchased, for $2,800, 300 more units of XYZ. ABC then sold 400 units at a selling price of $10 each, resulting in a gross profit of $1,600. The cost flow assumption used by ABC:__________

Answers

Answer:

ABC company uses the average cost method

Explanation:

beginning inventory 500 units at $4 = $2,000

purchased 300 units at $9.33 = $2,800

sold 400 units at $10 = $4,000 ⇒ gross profit = $1,600

under LIFO, cost of goods sold = $2,800 + $400 = $3,200, gross profit = $800

under FIFO, cost of goods sold = $1,600, gross profit = $2,400

under average cost, cost of goods sold = ($4,800 / 800) x 400 = $2,400, gross profit = $1,600

To ensure the right clerk is selected for an opening, a law firm reviews all résumés electronically and assesses candidates through several interviews. This is an example of _______ control. concurrent feedforward output bureaucratic clan

Answers

Answer:

This is an example of _______ control.

Correct Answer:

bureaucratic

Explanation:

Bureaucratic control is a situation whereby the a structure and set of rules are mapped out that helps to control the activities of people that work for large organizations and government. Selecting a right clerk has to follow the already mapped process in the said firm (That is review of resumes electronically, assess candidate through several interviews etc)

If your income increases and your consumption of bagels increases, other things equal, bagels are considered:

Answers

Answer:

d. normal good.

Explanation:

The normal goods are the goods which show the direct relationship between the income and quantity demanded also its elasticity of demand is more than one that means it appears in positive which we called as elastic demand

Therefore in the given case it is a case of normal goods as the income increases also the consumption of bagels also increased

hence, the correct option is d,

What are three ways to make money through investing in real estate?

Answers

Answer:

There are three primary ways investors could potentially make money from real estate: An increase in property value. Rental income collected by leasing out the property to tenants.

Answer: By a sudden positive change in the economy, by renting out residences or land to customers, or by being smart about when and how the properties are put up for sale or rent

Explanation:

When interviewing job applicants, Marci shares the many perks of the organization but also mentions the challenges and potential pitfalls associated with the position. Marci's assessment is an example of a(n) EEO compliance. 360-degree appraisal. background check. realistic job preview. position analysis.

Answers

Answer: realistic job preview

Explanation:

Realistic job preview is used by companies and organizations in order to tell prospective employees the good and bad features of the job

The purpose of this is to make sure that the new worker fully knows what the job requires. It also help build mutual trust with the workers.

When a company hired Marcus who turned out to be a poor performer, which assessment outcome occurred?

Answers

Answer: False positive

Explanation:

From the question, we are informed that when a company hired Marcus who turned out to be a poor performer, the assessment outcome that occurred is being referred to as the false positive.

True negative is when someone is rejected because it is believed that the person won't perform well when employed.

An association that Korean Americans are able to use to pool their money together and provide grants to subsidize the startup costs of businesses are called

Answers

Answer:

KYES

Explanation:

KYES are clubs created by Korean Americans in which the members make a contribution and the money gathered is used to provide loans to start businesses. According to this, the answer is that an association that Korean Americans are able to use to pool their money together and provide grants to subsidize the startup costs of businesses are called KYES.

Zappos' saying is "We hope this is the last job you ever have." This demonstrates Zappos' focus on the _____ element in its operations.

Answers

Answer: a. human relations

Explanation:

Zappos saying that they hope their company will be the last company the employees work for is them saying that they hope their employees will find working in Zappos constantly alluring such that they would never want to leave (at least until retirement).

It can therefore be inferred from this that Zappos puts in the necessary effort to retain its employees by focusing on human relations in its operations such that employees fill more motivated and fulfilled at Zappos.

Guardiola inc factored $2,300,000 of account receivable with mourinho finance on a with recourse basis. the recourse provision has a fair value of $75,000. moutinho finance assessed a finance charge of 3% of th total account receivable factored and retained an amount equal to 2.5% of the total receivables to cover sales discount. as a result of this transaction, Guardiola's:_______.
a. assets go down by 5319.000.
b. liabilities go up by 557,500.
c. equity goes down by $144.000.
d. assets go up by 569.000.

Answers

Answer:

c. equity goes down by $144.000.

Explanation:

The computation of the given transaction is shown below:

Loss on sale of Receivables

= Finance charge + Recourse value

= ($2,300,000 × 0.3) + $75,000

= $69,000 + $75,000

= $144,000

This loss on the sale of receivable results in the decrement of an equiy for $144,000

Hence the correct option is c.

All other options are wrong

To estimate a stock's beta from historical data, we should regress the (excess) return of the stock on the (excess) return of _____.

Answers

Answer:the market portfolio

Explanation:

The beta is simply used to determine the movement of an individual asset when there's a rise or decrease in the entire stock market.

Therefore, to estimate a stock's beta from historical data, we should regress the (excess) return of the stock on the (excess) return of market portfolio.

When making a decision, irrelevant items are included in the analysis of both alternatives when using ______. neither the differential nor total cost approach both the differential and total cost approaches

Answers

Answer:

The correct answer is the first option: Neither the differential nor total cost approach.

Explanation:

On the one hand, the "Differential Cost" approach refers to method used by the managers when they have two alternatives and have to choose between one of them. This approach considers the difference between those alternatives and show the manager which one is the best option to take. It is only used for decision making process so there are no irrelevant items included in this analysis.

On the other hand, the "Total Cost" approach is another method used by a company with the purpose of calculating certain costs that a company faces and it only considers all the relevant activities instead of seeing things individually.

A plant's fixed overhead costs total $500,000 for a year to produce 400,000 widgets, among other items. If machine‐hours are used as an allocation base, all processes use a total of 40,000 machine‐hours, and widgets use 16,000 of these hours, what is the fixed overhead applied to each widget? Group of answer choices

Answers

Answer:

$0.5

Explanation:

A plant's fixed total overhead cost is $500,000 for a year

400,000 widgets are required to be produced for this period

All processes require a 40,000 machine hours and the widgets use 16,000 hours out of the total hours

The first step is to calculate the fixed overhead application rate

= $500,000/40,000

= $12.5 machine-hour

The fixed overhead that is applied to the widgets can be calculated as follows

= $12.5 × 16,000

= $200,000

Therefore, the fixed overhead that is applied to each of the widgets produced can be calculated as follows

= 200,000/400,000

= $0.5

Hence the fixed overhead that is applicable to each widgets is $0.5

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