The table shows closing costs for a purchase of a $300,000 house requiring a 20% down payment. Find the total amount of cash required of the buyer at closing (including down payment). The total amount of cash required at closing is $ ... Title insurance premium Document recording fee Loan fee (1 point) Appraisal fee Prorated property taxes Prorated insurance premium $430 $60 $400 $677 $295
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- Find the amount of each instalment in the hire purchase agreement summarized in the following table. [ Answer correct to the nearest cent] Selling Price Deposit Rate Years InstalmentPayablea. $600 $150 5% 3 monthlyb. $520 $20 8% 6 weeklyLudwig Company's prepaid rent was $9,000 at December 31, 2020, and $13,500 at December 31, 2021. Ludwig reported rent expense of $19,000 on the 2021 income statement. What amount would be reported in the statement of cash flows as rent paid using the direct method? Multiple Choice $19,000. $14,500. $23,500. < Prev 3 of 10 www Check m Next sQuiz: Accounting for Current Liabi... G Saved Help Save & Exit Submit Check my work Required information Cost of warranty program is probable 30s 0:00 / 2:06 XL 目 Knowledge Check 01 Maas, Incorporated, sells washers and dryers that include a maximum one-year warranty covering parts. Past experience shows that warranty expense averages about 2 percent of the selling price of each washer and dryer. Net sales totaled $400,000 during the year ending December 31. Prepare the December 31 adjusting entry for Maas by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet II F3 F4 F5 F7 F8 F10 F12 Finder LL DeX 114 & 3
- As a buyer for the J&J company, you receive an invoice with terms 3/10, EOM, net 60. The invoice amount was $7,800.00 and was dated APR. 28. When is the last day the buyer still can get the cash discount? When is the net payment due? If the invoice was paid on June 9, what would be the cash discount amount? (in $) If the invoice was paid on July 10, what would be the net amount due? (in $)A. Cash Discount1. An invoice for Php 70 250 dated March 25, terms 5/10, 2/30, n/60, is paidin full on April 20. What is the total amount paid to settle the account?2. Ms. Garcia received an invoice dated April 18 amounting to Php 30 123for her orderedplants. The invoice comes with cash discount terms, 5/5, 2/15, n/30, R.O.G.The plants were received on April 25. If she paid on May 12, how much did she pay?Tolpon/MADP IL Pert 3. Here is a table followed by two advertisements -one for a horme to rent and one for a home to purchase. a) Complete the table. If there is not payments required for a particular spot, put n/a (not applicable) in that spot. For any mortgage calculations, assume a 25- year amortization, 7% interest, and an original principal of $130 000. b) Describe two advantages of selecting the "rental" option and two advantages of selecting the "purchase" option. House for rent 3-bedroom house, ranch style, close to schools, 1400 sq. ft. above ground swimming pool, 2 bathrooms, paved drive, large deck, $1150/month + gas heat. First and last + $250 security required. House for sale 3-bedroom, 2 ½ baths, renovated kitchen, 1450 sq. ft. finished basement with gas fireplace, CIA, 2-car garage, $174 000. Taxes approx. $175/month. Dontal Durehaee Cynonen
- Collected from customer on account on june15 June 15 : sold on account 350,00 to customer In other they are deducting 50,000 and my question is i will deducting it or not?Saved Help Save & Exit Submit TB MC Qu. 07-124 (Algo) Valley Spa purchased... Valley Spa purchased $11,200 in plumbing components from Tubman Company. Valley Spa signed a 90-day, 7% promissory note for $11,200. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.) Multiple Choice $11,200 $11,450 $196 $11.396 1,069 15 étv MacBook Air 80 888 DII DE F3 F4 F5 F6 F7 F8 %23 24 2 3 7 8 W E RAccounting A company purchased inveritory worth $20,000 on credit terms of 2/10, net 30. The company decides to take advantage of the discount and pays the invoice within the discount period. Calculate the amount the company will pay after taking the discount
- The purchase of office equipment for $18,000 was made by signing a 10 month, 6% note payable involves the following on purchase date: * O A credit to note payable for $19,080 O A credit to interest payable for $1,080 O A credit to note payable for $900 O A credit to note payable for $18,000 O None of the abovePearl Enterprises purchased store equipment by making a $2,960 cash down payment and signing a 1-year, $34,040, 10% note payable. The purchase was recorded as follows. Correct the entry below Equipment 40,404 Cash 2,960 Notes Payable 34,040 Interest Payable 3,404Bought delivery van P850,000 terms 20% down and the balance payable in oneyear. Required: 1. Record the transaction in the general journal.