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7nadin3 [17]
1 year ago
12

A sale transaction on rental property closes on December 10th. The landlord received the December rent of $4,400 on December 1.

Assuming the closing day is the seller's, and that the 360-day method is used for prorating, how much will the seller owe the buyer?
Business
1 answer:
viva [34]1 year ago
7 0

Answer:

$2,933.40

Explanation:

For computing the owed amount, first we have to compute the daily rate per day which is shown below:

= Rent received ÷ number of days in a month

= $4,400 ÷ 30 days

= 146.67 per day

We know that the number of days in a month is 30 days and the landlord received a rent on December 10, so the remaining days would be 20 days ( 30 days - 10 days of march month)

Now the owed amount would be

= Remaining days × per day rate

= 20 days × 146.67

= $2,933.40

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Answer: a. 2.8

Explanation:

Given : Population mean : \mu=\$6,000\text{ per day}

Sample size : n= 49> 30 , the sample is a large sample  we use z-test.

Sample mean = \overline{x}=\$6,400\text{ per day}

Standard deviation : \sigma= \$1,000

The test statistic for population mean is given by :-

z=\dfrac{\overline{x}-\mu}{\dfrac{\sigma}{\sqrt{n}}}\\\\\Rightarrow\ z=\dfrac{6400-6000}{\dfrac{1000}{\sqrt{49}}}=2.8

Hence, the value of the test statistic is 2.8

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1 year ago
Aslam wants to create multiple worksheet containing common formatting styles for his team members. Which file extension helps hi
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1 year ago
Read 2 more answers
Sunland Company purchased $1200000 of 11% bonds of Scott Company on January 1, 2021, paying $1122375. The bonds mature January 1
xz_007 [3.2K]

Answer:

Sunderland Company should increase debt investment by $2,685.00  

Explanation:

Sunderland Company needs to increase its debt investments account for Scott Company bonds with the difference between effective interest earned on July 1 2021 minus the actual coupon interest received as shown below:

The actual interest revenue earned = $1122375*12%

                                                           =$ 134,685.00  

The coupon interest received=$1,200,000*11%

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In a nutshell,the investment in bonds earned interest of $134,685 but only $132,000 was received in cash,hence the difference of $2,685 is added to the bonds investment figure($134,685-$132,000)

3 0
1 year ago
The last dividend on Spirex Corporation's common stock was $4.00, and the expected growth rate is 10 percent. If you require a r
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Answer:

$44

Explanation:

Data provided in the question:

Dividend on Spirex Corporation's common stock = $4.00

Expected growth rate, g = 10%

Required rate of return, r = 20%

Now,

Price willing to pay = \frac{\textup{D1}}{\textup{r - g}}

here,

D1 = dividend at end of year

or

D1 = $4 × (1 + r )

or

D1 = $4 × ( 1 + 0.1 )

or

D1 = $4.4

Thus,

Price willing to pay = \frac{\textup{4.4}}{\textup{0.2 - 0.1}}

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Which action best reflects the influence of John Maynard Keynes? O A. A business lobbies a government to reduce its overall tax
Sidana [21]

Answer:

Which action best reflects the influence of John Maynard Keynes?

B. A government gives jobs to workers during an economic recession.

Explanation:

John Maynard Keynes was a The British economist who strongly and vehemently advocated for "increased government expenditures, lower taxes, government offering full employment, and government intervention in economic activities" in order to stimulate demand, pull the economy out of recession, and kickstart it from slump.  He is known as the father of Keynesian Economics.

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