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tankabanditka [31]
2 years ago
10

Nancy finally found a house of her dreams and the price looks great. She was told that she needs to hire a home appraiser and a

home inspector and pay for both. Spending additional money on top of other fees and an anticipated down payment and monthly payments is making her very upset. She feels that hiring both is a waste of her money and time. What advice can you give to Nancy? (about 5-6 sentences)
Business
2 answers:
Sergio [31]2 years ago
8 0
Hiring an appraiser is Important because you want to make sure that you have someone who can look professionally at the comps in the area and determine the value of your home this will also affect how much you ensure your home for and if you had any damage to your home or a natural disaster you would want to make sure that you have coverage for the full amount of the value of the home. A professional inspector is a very important when making a decision on buying home because you want to make sure they’re checking all the fixtures they are checking all the piping and electrical cord wiring in the house anything like the roof they could leak or if there’s black mold if there’s cracks in the surface any of those things can be found and if you were to buy the house and find out later you could be out so much money in repairs. The repairs would outweigh the cost of an inspection
stich3 [128]2 years ago
7 0

Answer: Look farther into both options you have, whichever you need the most, pick that one

Explanation:

You might be interested in
Company XYZ has 2 fixed price contracts for 2 different clients. The company has enough capacity for both contracts but is uncer
frozen [14]

Answer:

<em>The contract A yields a loss under ABC but Contract B yields a profit.</em>

<em>ABC Profit  contract A  $ (3000) contract B  $ 11250</em>

<em>Under absorption costing both contract yield profits.</em>

<em>Absorption Profit    contract A  $ 3250 contract B    $7500   </em><em> </em>

<em>Management should make decisions using ABC and reject Contract A and accept Contract B.</em>

<em></em>

Explanation:

Customer                         AAA               BBB

Component Type           A999                B999

Contract Value ($)       $27,000            $100,000

Contract Quantity         1,000 unit        2,000 unit

Material cost/unit              $15                        $20

Molding time/batch          5 hours            7.5 hours

Batch size                       100 units                50 units

Activity Based Rate= Cost per Unit of Cost Driver

Activity                Cost driver         Cost                 Rate

Molding                2,000              $150,000        $150,000 / 2,000 = 75

Inspection            150                   $75,000        $75,000/150 = 500

<u>Production             20                 $125,000        $125,000/20=  6250         </u>

<u>Total                                             $ 350,000                                           </u>

<u />

<u>Cost Drivers Consumed</u>

<u>Activity</u>                              A999                                      B999

Molding time/batch          5 hours* 10                    7.5 hours *40

                                            50                                   300

Batch size              1,000 unit/ 100 units          2,000 unit/50 units

                                     = 10                                      =40

ABC  Profits for Each Contract

                                         A999                                      B999

Selling Price                  $27,000                              $100,000

Materials                      15*1000                                  20 * 2000  

                                    =   15000                                   =   40,000

Molding                   50 hours *75                               300* 75

                                    3750                                       22500

Inspection             10 batches *500                       40 batches *500

                                 $ 5000                                    $ 20000

Management Contracts    $ 6250                             $ 6250

<u>Total                            $ 30,000                               $ 88,750</u>

<u>Profit                            $ (3000)                                $ 11250</u>

<u></u>

<u>Overhead Rate  Absorption Costing</u>

Total Overheads= ( 150,000 + 125,000+ 75000) = $ 350000

Annual Molding Hours = 2000

<u>Rate= $ 350,000/2000=$ 175 per molding hour</u>

<u></u>

<u>Absorption Costing </u>

<u>Profit For each Contract</u>

<u></u>

                                         A999                                      B999

Selling Price                  $27,000                              $100,000

Materials                      15*1000                                  20 * 2000  

                                    =   15000                                   =   40,000

Overheads                50 hours *175                           300 Hours *175

                               =  8750                                            = 52,500

<u>Total Cost                    23750                                      92500            </u>

<u>Profit                             3250                                            7500         </u>

<u></u>

<em>The contract A yields a loss under ABC but Contract B yields a profit.</em>

<em>Under absorption costing both contract yield profits.</em>

<em>Management should make decisions using ABC and reject Contract A and accept Contract B.</em>

3 0
2 years ago
What would a competitive retailer have to do to get your patronage?
SOVA2 [1]
For a competitive retailer to get a consumer's patronage, they should implement strategies of attracting their consumers of which will likely gain their support and make their consumers many than of their competitors. An example of this is by having to offer discounts in means of attracting other consumers to buy their products as a means of having to gain their support.
4 0
2 years ago
This seems like a good time to ask the basic question, “How’s it going in class?” Feel free to offer constructive feedback about
aksik [14]

Answer:

Following are the answer to this question:

Explanation:

Following are the paragraph to this question:

It was great this course! It's formatting, which includes its course to make it's navigating and understanding quickly. Its tasks were also challenging enough just to participate with both the substance, and they're not challenging enough just to create discomfort or feel confused.

8 0
2 years ago
Helpful team members strive to resolve differences and encourage a warm, supportive climate by praising and agreeing with others
Salsk061 [2.6K]

Answer:

The statement is: True.

Explanation:

<em>Helpful team members</em> are those who take advantage of their expertise to help the team achieve its goals faster or at least at the expected time. More than troublemakers they are problem solvers. Helpful team members act proactively, tend do be charismatic and enthusiastic, and motivate others to continue working towards a common goal.

7 0
2 years ago
You are 50 years old and proud of having $75,000 invested in a mutual fund earning an impressive 17% per year. you want to retir
shtirl [24]
I am really not sure but i will be honest with you i would have to say yes he will make it but if he don't he could always ask for a raise to make his goal
8 0
2 years ago
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