If you are the buyer and your closing costs are 4% of the loan amount, how much will you pay if the loan amount is $200,000?
Answers
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
Related Questions
Which strategies will you use to improve your chances of getting an interview?
Answers
Answer:
1.more applications if for many jobs
2.Make it stand out
3. Do a video resume
Why would the government give tax breaks to companies that make a lot of money?
Answers
Answer:
The government uses tax incentives in order to help increase economic development. Tax incentives make it less expensive and more profitable for a business to function. States can use tax incentives to encourage businesses to operate in their state, according to the University of Central Arkansas
Explanation:
One way products can be categorized is by brand.
O a) True
Ob) False
Answers
Answer:
A. True.
Explanation:
One of the direct implementation for this categorization can be seen if you go to your supermarket. Supermarkets tend to categorize their product in a way that resulted in the most sales.
In order to achieve this, they tend to lined up the most popular brands on a place that's close to costumers' eye level on the shelf. The less popular brand will be place on top or lower part of the shelf that's a little bit harder to see.
What kind of services do banks offer their customers?
Answers
The services most often provided include a variety of checking accounts, saving accounts, certificates of deposit, and loans, including car loans and home mortgages. Additional services may include safe deposit boxes and investment-related services.
Explanation:
An earned education certificate track
after an individual has successfully
completed the necessary course
requirements for a particular field at a
community college
Answers
2. How should employers respond to K to 12 graduates who apply for vacant positions in
3. What were the perceived disadvantages of K to 12 graduates pcompared to college students?
4. What factors could give K to 12 graduates an advantage in the labor market?
Discussion Questions
1.
What is the dilemma K to 12 graduates face when applying for a job?
their company? Pa help asap po
Answers
Answer:
am sorry
Explanation:
i had to do it pls give me pts
Select the correct answer.
Which of the following careers poses the most significant daily risk?
A.
City manager
B.
Firefighter
C.
City planner
D.
Paramedic
Answers
b- firefighter , there is daily risk of losing their lives :)
Easy ways to learn BRS
Answers
Answer:
BRS is a Bank Reconciliation Statement:
1. COMPARE THE DEPOSITS
Match the deposits in the business records with those in the bank statement. Compare the amount of each deposit recorded in the debit side of the bank column of the cashbook with credit side of the bank statement and credit side of the bank column with the debit side of the bank statement. Mark the items appearing in both the records.
2. ADJUST THE BANK STATEMENTS
Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors.
Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank. They must be added to the bank statement.
Outstanding checks are those that have been written and recorded in cash account of the business but have not yet cleared the bank account. They need to be deducted from the bank balance. This often happens when the checks are written in the last few days of the month.
Bank errors are mistakes made by the bank while creating the bank statement. Common errors include entering an incorrect amount or omitting an amount from the bank statement. Compare the cash account’s general ledger to the bank statement to spot the errors.
3. ADJUST THE CASH ACCOUNT
The next step is to adjust the cash balance in the business account.
Adjust the cash balances in the business account by adding interest or deducting monthly charges and overdraft fees.
To do this, businesses need to take into account the bank charges, NSF checks and errors in accounting.
Bank charges are service charges and fees deducted for the bank’s processing of the business’ checking account activity. This can include monthly charges or charges from overdrawing your account. They must be deducted from your cash account. If you’ve earned any interest on your bank account balance, they must be added to the cash account.
An NSF (not sufficient funds) check is a check that has not been honored by the bank due to insufficient funds in the entity’s bank accounts. This means that the check amount has not been deposited in your bank account and hence needs to be deducted from your cash account records.
Errors in the cash account result in an incorrect amount being entered or an amount being omitted from the records. The correction of the error will increase or decrease the cash account in the books.
4. COMPARE THE BALANCES
After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.
Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books
Explanation:
Please help?? WILL MARK IF THERE ARE MULTIPLE ANSWERS!!!!!
Answers
On August 10,2019 ABC sells 16 mini trenchers to a farm co-op in western Minnesota. ABC provides a 4% volume discount on the mini trenchers if the co-op has a 15% increase in purchases from ABC compared to the prior year. Given the slowdown in the farm economy, sales to the co-op have been flat, and it is highly uncertain that the benchmark will be met. Required: Prepare the journal entry for ABC on August 10,2019.
Answers
Answer:
If it was likely or probable that the farm co-op would meet the benchmark and get the discount (or rebate), then the journal entry should recognize that. But since it is very doubtful that the benchmark will be met, then the journal entry should be made without considering any type of discount.
I looked for a similar question in order to find the missing numbers:
each trencher is sold at $3,600 and costs $2,000
August 10, 2019, 16 mini trenchers sold to farm co-op
Dr Accounts receivable 57,600
Cr Sales revenue 57,600
Dr Cost of goods sold 32,000
Cr Inventory 32,000
Arielle is in high school and is considering a career pathway to pursue after graduation. She has always done best in math classes and enjoys complex problems. In fact, when her friends make costumes and decorations for parties, she is more interested in organizing the supplies for the party and determining the costs involved. Which career pathway would best fit with the skills Arielle displays when helping plan parties?
Answers
Answer:
its b
Explanation:
i took the test and got a 80%
The career pathway that would best fit with the skills Arielle displays when helping plan parties is Consumer Services. Thus the correct option is B.
What is a Career?A person's choice of career path to earn money is referred to as their career. An individual's career is based on his or her talents, skills, and abilities, which support his or her pursuit of personal growth and development and achievement of life's objectives.
In the given case, it is explained that Arielle is in high school and looking for choosing a career pathway where she had a great interest in maths in enjoying complex problems.
In the given case, it is reflecting that she has a great interest in organizing the supplies which come under consumer services and providing better satisfaction.
Therefore, option B is appropriate.
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The complete question is probably
Arielle is in high school and is considering a career pathway to pursue after graduation. She has always done best in math classes and enjoys complex problems. In fact, when her friends make costumes and decorations for parties, she is more interested in organizing the supplies for the party and determining the costs involved. Which career pathway would best fit with the skills Arielle displays when helping plan parties? Personal Care Services Consumer Services Mental Health Services Early Childhood Development and Services.
what is the opposite of the opposite of left???
if you get it fight you get brainliest!!!!
Answers
Answer:
Opposite of left, right. Opposite of right, left
I lost some brain cells O.O
Answer:
left??? i think
Explanation:
The association stradegy is used to_________information
Answers
Answer:
The association strategy is used to help memorized information.
Explanation:
A benefit of using association is that it allows the learner to be creative and have fun. ... The association strategy is used to help memorized information.
Taking out a student loan is like stealing from your ?
Answers
Answer:
wallet
Explanation:
Why do you think technical education is important? Explain in 2 points.
Answers
Answer:
it makes the students skilled and technically fit for the industries. If we talk about the technical education, it contributes a major share to the overall education system and plays an important role in the social and economic development of our nation.
Answer:
The main aim of the technical education is that, it makes the students skilled and technically fit for the industries. ... If we talk about the technical education, it contributes a major share to the overall education system and plays an important role in the social and economic development of our nation.
Kershaw Electric sold $6,000,000, 10%, 10-year bonds on January 1, 2019. The bonds were dated January 1, 2019, and paid interest on January 1. The bonds were sold at 98.
Answers
Answer:
A. Jan. 1, 2019
Dr Cash 5,880,000
Cr Discount on bonds payable 120,000
Cr Bonds payable 6,000,000
B. $5,888,000
C. Jan. 1, 2019
Dr Bonds Payable 6,000,000
Dr Loss on Redemption 224,000
Cr Discount on Bonds Payable 104,000
Cr Cash 6,120,000
Explanation:
A.Preparation of the journal entry to record the issuance of the bonds on January 1, 2019
Jan. 1, 2019
Dr Cash 5,880,000
(98%*6,000,000)
Cr Discount on bonds payable 120,000
(2%*6,000,000)
Cr Bonds payable 6,000,000
(To record issue bonds payable)
B. Preparation of the balance sheet presentation of the long-term liability
Balance Sheet December 31, 2019
Long-term liabilities
Bonds payable 6,000,000
Less: Discount on bonds payable 112,000
(120,000-8,000)
Long-term liabilities $5,888,000
C. Preparation of the Journal entry to record the redemption of the bonds
Jan. 1, 2019
Dr Bonds Payable 6,000,000
Dr Loss on Redemption 224,000
(6,120,000-5,896,000)
Cr Discount on Bonds Payable 104,000
(6,000,000-5,896,000)
Cr Cash 6,120,000
(6,000,000*102%)
(To record redemption of bonds)
2. Which of the following is not one of the common
activities of all businesses?
a. producing goods and services
b. employing and training personnel
c. marketing goods and services
d. maintaining business records
Answers
Answer:
A
Explanation:
Answer:
it might be d
Explanation:
Its d because business records are really not common activities of all business
Scarcity implies that a customer wants things from a business A. many B. few C. specific D. quality
Answers
Answer:
B.Few
Explanation:
Scarcity means a few
Answer:
Many
Explanation:
A
(Cosmetology)
Select the correct answer.
Ethical violations can result in the loss of a license or certification.
A.
True
B.
False
Answers
Answer:
true
Explanation:
Which is not an aspect of America's Free-Market Economy?
Lack of Incentive
Competition
Voluntary Exchange
Profit Motive
Answers
Answer:
Lack of Incentive
Explanation:
A free-market economy is controlled by the forces of demand and supply. The government or the central authority does not interfere with the economic activities in the country. The exchange of goods and services is on the basis of a willing seller and willing buyer.
Characteristics of a free-market are
Private ownership of property, including the factors of production.Freedom of choice: Entrepreneurs are free to start and run a business of their choice. Buyers are free to buy products and services of their preferences.Profit motivation: Self-gain or profits is the main incentive for engaging in tradeCompetition: They are many sellers and a variety of products for consumers to select.Limited government participation.the fact that companies can store and access emails sent or received on their equipment limits which of your rights
Answers
Answer: the answer is Privacy
Explanation:
They are limiting your rights of privacy by them being able to access your emails and such if that makes sense.
Answer:
Privacy
Explanation:
A p e x
All of the following actions lead to the payment of a credit card fee EXCEPT... a) Using your credit card to get cash from an ATM. b) Using your credit card to purchase items in a foreign country. c) Paying your credit card bill ten days after the Due Date. d) Paying your credit card bill in full and on time every month.
Answers
Answer:
d) Paying your credit card bill in full and on time every month
Explanation:
Credit cards are a convenient manner to pay for shopping and other expenses. However, they have numerous interest charges that may add to huge amounts if one is not careful.
Credit card charges interest on bill paid after their due date. Paying the entire credit card bill at the end of every month is one way of avoiding penalties.
Using a credit card to withdraw cash attracts charges, the same as making foreign transactions.
Answer:
d) Paying your credit card bill in full and on time every month
Explanation:
A typical ledger format includes columns for all of the following except
Answers
Answer:Adjustments
Explanation:
A P E X
Adjustments are not included in the typical ledger format.
What is ledger format?A ledger is a book with many accounts used in accounting where records of transactions pertaining to a certain account are preserved. The big book of accounts or the book of final entry are other names for it. This book records all transactions, whether they are credited or debited.
The two forms of ledger accounts are single-entry and double-entry. Single-entry only records the debit side of an account, whereas double-entry records both the debit and credit sides of an account.
When creating a general ledger, divide each account such as the asset account into two columns.Your debits should be listed in the left column, and your credits should be listed on the right.
Thus, it is Adjustments.
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Marta is interviewing candidates for a position in the Human Resources department at her company. She is deciding who to interview by going through resumés and looking at the subject areas in which each candidate studied. Which four candidates would be the best choice for Marta to interview?
Ahmed, who studied mathematics and economics
Michelle, who studied psychology and physiology
Marisol, who studied communications and business
Jackson, who studied liberal arts and foreign languages
Answers
Answer: Michelle, who studied psychology and physiology
Explanation: Human resources is the area of a company that is responsible for organizing and maximizing the performance of human capital, that is, employees. Psychology is the science in charge of human behavior and to be able to enhance the skills of employees it is important to know their behaviors and the culture that is carried in the company, so Michelle would be the ideal candidate for the position.
Answer:
B: Michelle, who studied psychology and physiology
Explanation:
The percentage of a person's pay that is deducted for FICA-Medicare is _____
Group of answer choices
1.45%
0%
5%
10%
Answers
Answer:
1.45%
Explanation:
According to the Employers Tax guide Employer's publication 15 of 2020, the medicare deduction should be 1.45% of the employee's gross pay. It means the employee is deducted 1.45% of gross pay with the employers contributing a similar amount.
Answer:
1.45%
Explanation:
Most entrepreneurs have similar characteristics, true or false?
Answers
Answer:
true
Explanation:
I entreprent for my mom lol
The Bohio was the Cacique's House true or false
Answers
Answer:
true
Explanation:
try mo sa Google para me idea kpa
Explain one advantage of good branding to a business.
Answers
Answer:
I DIDN'T COPY FROM GOOGLE, I PUT IT IN MY OWN WORDS
Explanation:
Having a good, customary brand amplifies your reliability with Customers, your production, and the marketplace as a whole. As you boost your credibility, you also construct acknowledgment, allegiance, and competitiveness.
Which pricing policy would be best suited for a company that specializes in one unique product? Explain.
Answers
Answer:
High-end pricing policy
Explanation:
A high-end pricing policy or premium pricing should be the best pricing strategy for a company that specializes in one unique product. The High-end pricing policy sets a high price for products. The objective is to create a perception that the product is of high quality.
Premium pricing gives higher-margins, which is good for business. The product is unique, so there is no competition. The business can take advantage of high -end pricing to make profits and deter other market entrants.
Select the correct answer.
Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they found it
extremely poor, poor, good very good, or excellent. What kind of test is Henry conducting in this survey?
OA day after recall test
OB interview test
OC rating scale test
OD. open-ended test
Answers
Hope this helps!!
