Answer:
The correct answer is letter (3): Apply for mortgage; Purchase homeowners insurance; Do final walk-through; Sign closing documents.
Explanation:
The home closing process starts as soon as the buyer signs the contract with a real estate agent. In such a case, the buyer has had to apply and be accepted for a <em>mortgage </em>to cover the expenses of the property. Lenders require buyers to present <em>homeowners' insurance</em> which apart from being a requirement is important for the buyer and the financing entity.
Then, buyers must do a <em>final walk-through</em> of the home before they take possession of it to make sure it is in the conditions sellers offered. Finally, <em>additional documents </em>are signed such as a homestead declaration that registers the property with the federal and state government.
Answer:
Accounts Receivable 3,400
Consulting Revenue 3,400
Supplies 1,000
Accounts Payable 1,000
Cash 2,400
Accounts Receivable 2,400
Accounts Payable 1,000
Cash 1,000
Utilities expense 800
Cash 800
Explanation:
The services are earned and were only billed not collected. So the company should reocgnize the receivable
The purchase of supplies is con credit, the company will recognize a liability
When the company collects from the account, it will decrease and cash will increase
When paying the supplier, their cash decrease and the liability is write-off
The utilities expense are cost of the period, so are recognize as expense.
Answer:
no
Explanation:
H0: mean of sample=105
Ha: mean of sampe≠ 105
t-statistic= (population mean-sample mean)/(standard deviation/√sample size)
t-statistic= (105-103.3)/(16.3/√33)
t-statistic= 0.5991
degress of freedom= 32
for alpha 0.05, p-value from t-distributino table is 1.697
since t-statistic is less than the p-value, null hypothesis is accepted.
There is no sufficient evidence to conclude that the mean weight for non-top-20 starters is less than 105 the known value for top-20 teams
Dividend is the amount of share in the earnings paid by the company to its shareholders for their investment in the company. So dividend is paid out of the earnings made by the company and it has no relation with the increase or decrease in the value of the stock.
Hence, If a company pays dividends on a stock, it does not mean that the stock has appreciated in value.
Answer:
It is more convenient to sell the units unfinished by $500.
Explanation:
Giving the following information:
Units= 1,000
Unfinished:
Selling price= $4.00 per unit.
Complete:
Incremental costs= $1.00 per unit for direct materials, $2.00 per unit for direct labor, and $1.50 per unit for overhead
Selling price= $8.00 each.
We need to calculate the gross profit of each option and choose the more convenient:
Unfinished:
Gross profit= 1,000*4= $4,000
Complete:
Gross profit= 1,000*(8 - 4.5)= $3,500
It is more convenient to sell the units unfinished by $500.
