The newest employee at Edwards Escrow Co., Adam Riley, is handling the escrow
paperwork for the sellers and the buyers on an Anaheim property sale. When Adam
goes to figure out the prorations for the month of February, for which some of the
expenses have already been paid by the sellers, Adam cannot remember what
number to use to figure out the proration. Which of the following should he use?

Answers

Answer 1

Since Adam cannot remember the number he used for the proration, then, he should use 28 days because that is the actual number of days in February,

Proration is an act of dividing the property expenses between a buyer and seller to ensure that the parties only pay for the days they owns the property.

Since the month of February contains 28 days, then, the number of days used in the calculation of the Proration will be maximum of 28 days

Therefore, the Option A is correct because 28 days is the actual number of days in February.

Missing options includes

28 days because  that is the actual number of days in February, the month for which the prorations are being calculated., 30 days which escrow companies use as their base month in figuring out prorations31 days which escrow companies use as their base month in figuring out prorations.

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Related Questions

Question 56 of 75. Louise is a 29-year-old taxpayer who will use the head of household filing status. Her 2020 modified adjusted gross income is $48,000. During the year, she made a $1,500 contribution to her employer's 401(k) plan. She has never taken a distribution from any retirement plan. The maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is:

Answers

Considering the situation described above, the maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is "$150."

This is because according to the Internal Revenue Service regulations, for individuals filing under the head of household filing status, with an adjusted gross income of $31,876 - $48,750, such person would only be able to receive 10% of his retirement savings contributions credit (Saver's Credit).

Therefore, Louise has only contributed $1,500 to her employer's 401(k) plan. Consequently, she can only receive 10%, which is "$150."

Hence, in this case, it is concluded that the correct answer is "$150."

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On January 1, 2022, the Sunland Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2022.
Sales units: First quarter 5,700; second quarter 6,840; third quarter 7,980.
Ending raw materials inventory: 40% of the next quarter's production requirements.
Ending finished goods inventory: 25% of the next quarter's expected sales units.
Third-quarter production: 8,330 units.
The ending raw materials and finished goods inventories at December 31, 2021, follow the same percentage relationships to production and sales that occur in 2022. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound.
Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2022.

Answers

The preparation of Sunland Company's Direct Materials Budget for the First and Second Quarters ended June 30, 2022 is as follows:

                                    First Quarter  Second Quarter

Ending raw materials        12,654             9,996 (3,332 x 3)

Production requirement  26,505            31,635 (10,545 x 3)

Materials available           39,159              41,631

Beginning inventory        10,602             12,654

Purchases                       28,557             28,977

Cost of purchases     $114,228         $115,908 ($28,977 x $4)

Data and Calculations:

                                   First Quarter  Second Quarter   Third Quarter    Total

Sales units                        5,700                 6,840                   7,980

Ending inventory               1,710                  1,995

Units available for sale    7,410                  8,835

Beginning inventory        1,425                   1,710                    1,995

Production requirement 8,835               10,545                    8,330

Thus, the direct materials budget for Sunland Company is prepared as above.

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Suppose you deposit $1,000 in a bank and the reserve requirement is 0.25. If the banking system has zero excess reserves, then the total amount of money that can be created is

Answers

the additional money created is 0.25 x $1000 = $250 so add that to the deposit: $1000 + $250 =$1250 created

According to the Money Multiplier theory, the central bank can change the supply of money to the economy by changing the reserve requirements.

What do you mean by Money Multiplier?

The total amount of money in a commercial bank is created, in general, the number of stocks multiplied by a set amount of central bank money (multiplier).

If banks do not have excess deposits, the total withdrawal amount is the same as the repayment deadlines. Theoretically, banks will never have a surplus.

[tex]\rm\,money \; multiplier = 1/ r \\\\ \rm\,money \; multiplier = 1/0.25\\\\ \rm\,money \; multiplier = 4\\\\(r = reserve \;requirement)[/tex]

So, if I know that the multiplier rate is 4, then if the central bank creates the reserve requirement at 0.25 then the amount that will be kept as reserve will be 0.25 multiplied by 1000 which is $250.

Thus, the total amount of money that can be created will be a multiplier multiplied by 1,000 which is 4*1,000 = $4,000.

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The recording, summarizing, and reporting of the economic activities and events of an organization is known as _____.

Answers

The answer is accounting!

Hope this helps!
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Your food truck at City Park is open year-round, but your sales are highest in the summer. Which action should you take in deciding whether or not to buy a newer food truck

Answers

The action that should be taken in making the decision will be D. Model the scenarios based on the likelihood of receiving increased cash flow.

From the complete question, it should be noted that taking into account the city license and utility costs when making a decision isn't the appropriate thing to do in this case.

It's important to model the scenarios based on the likelihood of receiving increased cash flow. This will help in deciding whether or not to buy a newer food truck.

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HELP

A supply curve is opposite of a demand curve. From which point -of -view does a supply curve make the most sense?

Answers

Answer:

A, From the business perspective

Explanation:

Supply will always be determined by businesses as the supply will be based on their everlasting drive to increase profits. By being able to decrease supply (shift the graph to the left) or increase (shift to the right) they will be able to maximize their profits based on their needs (ATC, Opportunity cost, marginal/revenue costs)

Early economies could be described as

Answers

Answer:

sad and poorly constructed

Explanation:

early economies tended to have people in specific jobs because of their gender, age, and race. so it didn't really matter what the people were good at or wanted to do because they had to do a specific job.

Gloria works as a freelance software developer with Ticki-Tacker Limited, a social media firm based in the city of London. She has two options for the purpose of personal income tax assessment. She may be added to the payroll of Ticki-Tacker Limited under the PAYE system or allowed to be treated as a self-employed individual. OPTION 1: Gloria under the PAYE system She will be placed on an annual salary of £50,000, and she would be required travel to work from Mondays to Fridays throughout the year via train, except for four weeks in a year when she will be on annual leave. The annual train ticket costs £2,400. OPTION 2: Gloria as a self-employed Gloria is allowed to invoice Ticki-Tacker Limited, an annual fee of £50,000. This work involves travelling to clients’ offices for a total of 5,200 miles annually in her own car. This is estimated to cost 39p/mile. Assume that Gloria’s annual accounts cover April 2020 to March 2021. REQUIRED: a. Calculate the relevant income tax and National Insurance Contribution liability under each of the two options identified. b. Calculate the disposable income (after all deductions) under the two options identified. c. Apart from (a) and (b) above, analyse any other factors that you think Gloria may take into consideration (from a taxation perspective) in arriving at the best option.

Answers

a. The relevant income tax and National Insurance Contribution liability are as follows:

                                                     PAYE System   Self-Employed

Income tax (20%)                             (£8,378)                £8,731

National Insurance Contribution      (5,712)                (4,317)

Total income tax and NIC liability  £14,090             £13,048

b. The disposable income after all known deductions under the two options are:

                                                  PAYE System   Self-Employed

Disposable income                       £33,510             £34,924

c. The other allowable deductions will need to be taken into consideration so that Gloria can arrive at the best option.

Data and Calculations:

                                                    PAYE System   Self-Employed

Earnings per year                            £50,000          £50,000

Allowable expenses:

Travel expenses                                (2,400)              (2,028) (£0.39 x 5,200)

Net Earnings                                   £47,600             £47,972

National Insurance Contribution     (5,712)               (4,317)

                                                (£47,600 x 12%)       (£47,972 x 9%)

Taxable income                              £41,888             £43,655

Income tax (20%)                            (£8,378)               £8,731

Disposable income                        £33,510             £34,924

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Pamelia (21) is a full-time undergraduate student pursuing an accounting degree at her state university. During the year, she received a $6,500, unrestricted scholarship, reported to her on Form 1098-T rather than Form W-2. She spent $5,500 of the scholarship funds on her current-year tuition, and she applied the rest to room and board. Pamelia also had income from a part-time job, and she is required to file a 2020 tax return. How does she report the scholarship on her Form 1040

Answers

Based on the information given, in order to report the scholarship, the best option is B. She should enter "SCH" and "1000" on the dotted line next to line 1 of form 1040.

It should be noted that form 1040 is the form that uses by individual taxpayers to file their taxes with the IRS. In this case, it should be noted that scholarship money can either be tax fee or partially free.

From the complete information, Pamelia received a $6,500, unrestricted scholarship, reported to her on Form 1098-T rather than Form W-2. Therefore, since she didn't get a W-2 listing the amount that's taxable, she should write SCH" and "1000" on the dotted line next to line 1 of form 1040.

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Stop sending links. I hate it. Stop it. If you dont know the answer dont say nothing. Nothing!!!! If anyone see this that I wrote right now LINKS HAS TO BE STOPPED BY TODAY!!! I MEAN IT NO MORE LINKS!!!! STOP IT RIGHT NOW AND I MEAN IT TODAY!!! STOP THE LINKS TODAY!!!! NO MORE LINKS AT ALL AND THE FUTURE!!! STOP IT TODAY!!! TODAY!!!! LINKS ARE BANNED SO END IT!!!!!​

Answers

That is so true!!!!!!!!!!!

Answer:

Yessir, Those links GOTTA GO!

Explanation:

Like, explain to me this. You want to find the answer to the question, but when you find the question you need, there’s a link to the answer. People are like: EXCUSE ME?! I Don’t need a link, I NEED an actual ANSWER.

Tell me if it isn’t true.

The goal of a subsidy is to __________. a.) discourage consumption of a good b.) raise revenue for the government c.) encourage production of a good d.) avoid deadweight loss

Answers

The goal of a subsidy is to encourage production of a good.

A subsidy can be described as when the government reduces the cost of production or the cost of a good or service to consumers. It is a form of transfer of wealth from the government to consumers or producers.

The purpose of subsidies is to reduce the price of goods and services. This encourages production or consumption. Subsidies reduces the revenue of the government.

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Which of the following is not a characteristic of rent controls?

Lower expenditures on maintenance

Greater availability of apartments

Fewer newly built apartment buildings

Excess demand for apartments

Answers

The answer is: B - Greater availability of apartments.

The greater availability of apartments is not one of the tools that can characterize rent control.

The term rent control refers to the rules and regulations that are given by the policymakers. The rent control can reduce the quality and the rental housing units.

Hence the option B is correct.

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what the number of units to be produced it the firm desires to make a profit of birr 10,000 assuming the fixed cost, variable cost, per unit and selling price per unit are 50,000 birr 10 and birr 20 respectively.​

Answers

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6000 units, the number of units to be produced it the firm desires to make a profit of birr 10,000 assuming the fixed cost, variable cost, per unit and selling price per unit are 50,000 birr 10 and birr 20 respectively.

What is the variable cost?

A variable cost is a business expense that varies according to how much a business provides or sells. Variable costs rise or fall in relation to a company's manufacturing or sales volume, rising as production increases and falling as production drops. Variable cost is defined as the type of cost that varies according to changes in the production levels.

According to the given amount are the based on the

sales = variable cost + fixed cost + profit

(20X) =  (10X) + (50000) + (10000)

sales = 6000 units

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which is true in a perfect economy ?
business owners should focus on telling customers how the features of their products are different from other available products.
determining the best price for the product is more important than the marketing. business owners should focus on pricing their products correctly so customers choose it over competitors products. advertising will have little effect on the success of the products and it not needed​

Answers

Answer:

business owners should focus on pricing their products correctly so customers choose it over competitors products.

Explanation:

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What is Ministry of Freedom ?

The Ministry of Freedom Program was founded by Jono Armstrong who is a successful affiliate, generating 8-figure income. He's developed this full training + mentoring + coaching program to help others to achieve similar success.

Answers

Answer:

The Ministry of Freedom Program was founded by Jono Armstrong who is a successful affiliate, generating 8-figure income. He's developed this full training + mentoring + coaching program to help others to achieve similar success.

Fabian (16), will be claimed as a dependent on his parents' tax return. His only income during the year consisted of $10,000, which was his net profit from a lawn mowing business. What is Fabian's self-employment tax

Answers

Fabian's self-employment tax equals $1,413.

Net Income from Self employment = $10,000

Income liable for Self employment Tax = $10,000 * 92.35%

Income liable for Self employment Tax = $9,235

Fabian's Self employment Tax = $9,235 * 15.3%

Fabian's Self employment Tax = $1,413

Hence, Fabian's self-employment tax equals $1,413

Therefore, the Option B is correct.

Missing options "$383 $1,413 $1.530 $10.000"

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Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis

Answers

The amount allocated to ending inventory is $3664.

LIFO is an inventory method that means last in, first out. It means that it is assumed that the latest inventory that is sold, is the first to be sold. Ending inventory is made up of inventory that is purchased eelier.

Total inventory sold = 40 + 26 = 68 units Sum of total inventory bought and beginning inventory = 10 + 60 + 30 = 100 Ending inventory = 100 - 68 = 32Value of ending inventory = (22 x $112) + (10 x $120)

$2464 + $1200 = $3664

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What might cause a demand curve to shift to the right?

A. A decrease in the product's own price
B. An increase in the price of a complement
C. A decrease in the price of a substitute
D. An increase in the price of a substitute

Answers

Answer:

D. An increase in the price of a substitute

Explanation:

Law of Demand

The law of demand states that as the price of a product of good rises, the quantity demanded for that good or product falls; conversely, if the price of a product or good falls, then the quantity demanded for that good rises.

Given the inverse relationship between the price of a good and the quantity demanded for that good, then its graph will show a downward-sloping demand curve.  

A change in demand represents the leftward- or rightward-shift of the entire demand curve. This may be caused by the following factors:

Changes in the income of buyersChanges in consumers' preferences, A change in the price of related goods (substitutes and complements), Number of buyers within a market, and The buyers' expectation on the future prices of goods.  

Types of Related Goods:

Substitutes: two similar goods that fulfill about the same needs or wants of the buyers.

Examples of substitute goods:  Coca-Cola and Pepsi, butter and margarine.  

Complements: these are two goods that are consumed together. When the price of one good goes up, the demand for the complement good declines.

Examples of complements: Tennis racket and tennis ball, ink cartridge and printers.

Answer:Substitute goods:

If the price of one good rises, then the buyers will demand more of the substitute good with a lower price. This causes a rightward-shift on the demand curve of that substitute good.      

This description matches Option D:  an increase in the price of a substitute.

Joseph (43) and Azalea (44) are married with no dependents. They will file separate returns for 2020. Joseph files his return first and claims total itemized deductions of $22,500. If Azalea chooses to claim the standard deduction on her return, what is the maximum amount she may claim

Answers

Since Azalea chooses to claim the standard deduction on her return,then, the maximum amount she may claim is $0.

In filing, a married couples who are filling separate returns should claim the same deduction.

If one of them claimed an Itemized deduction, then, the other should claim the same for the expenses paid separately. If one of them claimed a itemized deduction then, the other would get a standard Deduction of Zero.

In conclusion, Since Azalea chooses to claim the standard deduction on her return,then, the maximum amount she may claim is $0.

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In this activity, you’ll research incidents in which employers disciplined employees for not using social media responsibly. You’ll study why employers disciplined these employees and how company social media policies influenced the action taken against them. You’ll also create a list of five social media usage rules that you think all workers must follow. Finally, you’ll write about how you’ll avoid risky behaviors when using social media. Part A Conduct an Internet search and research at least three instances in which employers disciplined (or fired) employees (who were not at work during the time of posting) for an inappropriate social media posting. Briefly discuss the three instances and explain why the employer fired or punished the employee and how the social media post was inappropriate.

Answers

Answer:

in sum, an employer can terminate an employee for posting about individual gripes, but there can be a fine line between an individual complaint and attempt at concerted activity. Employers should consult with counsel before terminating or disciplining an employee for posting about work-related activity.

How to write email asking for further details and paying procedure

Answers

Answer:

considering that an address is not mentioned, following is a letter in regards to payment procedure,

xxx

xxx(address),

To whoever it may concern,

Dear Sir/Madam,

I am writing this letter to you, seeking a few answers in regards to your leaflet.I recently came accross your advertisement for products.

I wanted to inquire in regard to the sauna Belt that ur offering.it was mentioned that a scale is going on till the 31st of January. could you kindly mention the suitable payment procedure for this order.

Thank you,

your sincerely,

shivangi sharma

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________ is the amount of data that can be transmitted across a transmission medium measured in bits per second.

Answers

Answer- Bandwidth

Explanation:

i looked up ur question so im not sure if its correct

A firm purchased $120,000 worth of light general-purpose trucks. The operations of the trucks lead to annual income of $60,000 for years 1~4. These trucks were then sold for $20,000 at the end of year 4. Assume a 30% combined tax rate. With a 40% bonus depreciation plus MACRS depreciation, do the following.
(a) (10 pts) Calculate the before-tax IRR.
(b) (10 pts) Calculate the after-tax IRR.

Answers

The before-tax IRR is 37.93%

The after-tax IRR is 19.32%

The internal rate of return (IRR) is defined as the return rate on a project investment project over a periodic lifespan.

It is also referred to as the net present value of an investment project which is zero. It can be expressed by using the formula:

[tex]\mathbf{0= NPV \sum \limits ^{T}_{t=1} \dfrac{C_t}{(1+1RR)^t}- C_o}[/tex]

where;

[tex]\mathbf{C_t}[/tex] = net cash inflow for a time period (t)[tex]\mathbf{C_o=}[/tex] Total initial investment cost

(a)

For the before-tax IRR:

The cash outflow = $120000

Cash Inflow for the first three years = $60000

Cash inflow for the fourth year = $60000 + $20000 = $80000

Using the above formula, we have:

[tex]\mathbf{0 = \dfrac{60000}{(1+r)^1}+ \dfrac{60000}{(1+r)^2}+ \dfrac{60000}{(1+r)^3}+ \dfrac{80000}{(1+r)^4}}[/tex]

By solving the above equation:

r = 37.93%

(b)

For the after-tax IRR:

The cash outflow = $120000

Recall that:

Cash Inflow = Cash inflow × Tax rate

For the first three years; the cash inflow is:

[tex]\mathbf{=60000 -(60000\times 0.3) } \\ \\ \mathbf{ = 60000 -18000} \\ \\ \mathbf{ = 42000}[/tex]

For the fourth year, the cash inflow is

[tex]\mathbf{=80000 -(60000\times 0.3) } \\ \\ \mathbf{ = 80000 -18000} \\ \\ \mathbf{ = 62000}[/tex]

Using the above IRR formula:

[tex]\mathbf{0 = \dfrac{42000}{(1+r)^1}+ \dfrac{42000}{(1+r)^2}+ \dfrac{42000}{(1+r)^3}+ \dfrac{62000}{(1+r)^4}}[/tex]

By solving the above equation:

r = 19.32%

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Spontaneous financing refers

Answers

Answer: In business, "spontaneous finance" refers to financing that arises out of regular, day-to-day operations. Unlike with other common sources of financing, such as loans or bonds, obtaining additional spontaneous financing doesn't require any special action by the company; it just "happens," hence the name spontaneous.

Businesses use a number of methods to gather information and create a good
picture of their customer base Businesses use a number of methods to gather information and create a good picture of their customer base. This _________________ can help companies to validate their target market.. This
can help companies
to validate their target market.
Select one:
a. Market research
b. Segmentation
C. Retargeting
d. Strategic planning

Answers

Based on marketing analysis and considering the situation described above, this segmentation can help companies validate their target market.

What is Segmentation in Business?

Segmentation is a process in which companies categorize the market into segments based on related features.

The segmentation process allows firms to create accurately targeted marketing and personalized content.

Types of Market Segmentation

Significant types of market segmentation include the following:

Demographic Psychographic GeographicBehavioral

Hence, in this case, it is concluded that the correct answer is option B. Segmentation.

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Healthy Eating Corp. produces yogurt combined with added ingredients, such as nuts, granola, and chocolate chips. The company encourages its customers to share their ideas for new yogurt flavors and items to mix into the product on its website. Then, it allows users to vote on which flavor combination they like best in order to determine the combinations Healthy Eating Corp. will produce. Which digital marketing characteristic does this scenario best describe

Answers

The digital marketing characteristic that this scenario best describe is interactivity.

Interactivity can be defined as the process where by producer or manufacturer interact with their customers by seeking their customers opinion or feedback about their products

Companies sometimes makes use of Interactive digital  marketing so as to encourage their customers to share their product preference or ideas about what they think about their product.

Interactive digital  marketing is important as it help  manufactures to know their customers demand so as to meet their customers need thereby increasing sales and it as well help them to build rapport with their customers.

Inconclusion the digital marketing characteristic that this scenario best describe is interactivity.

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Select the correct answer from each drop-down menu. If the firm is at point D and decides to increase the production of bike tires by 300 units, the opportunity cost will be truck tires. If the firm is at point B and decides to increase the production of truck tires by 400 units, the opportunity cost will be bike tires.

Answers

1. The answer is B
2. The answer is D
B an D are the answers

what sources could be used to evaluate performance of people working in the following jobs:
Sales representative
TV repairer
Nursing Director at Hospital
HR Manager
Air Traffic Controller

Answers

Nursing director at hospital

Sources could be used to evaluate the performance of people working in the following jobs?

The correct answer is Option A. Sales representative

What are the duties of a sales representative?

Sales reps are responsible for selling products and meeting customer needs while receiving orders from existing or potential retailers. They ensure that customers are satisfied and properly cared for at the time of purchase. This allows you to set up a new account for your employer.

This job requires impeccable soft sales skills such as strong communication skills, organizational skills, and problem-solving skills, as well as deep technical knowledge of products, businesses, and industries.

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makes sure an agenda is sent out before the meeting

Answers

Answer:

Facilitator

Explanation:

Facilitators manage the meeting process.

Hope that helps!

Pie City Pizza and Pizza Palace are rival restaurants in a small town. Pie City Pizza sets its prices below average variable cost for two years. After the second year, Pizza Palace goes bankrupt and exits the market. In the third year, Pie City Pizza raises prices significantly. Pie City Pizza is practicing ________ pricing. g

Answers

Pie City Pizza is practicing Penetration pricing.

Penetration pricing is a pricing strategy where competitors lower the prices of their goods and services to gain ground in the market. After they have captured, the market base, they increase their prices to make their gain.

This can be applied when the company wants to promote its products. In the case of Pie City Pizza, they adopted the penetration pricing system that captured the customers of their competitors.

When the competitors left the market, they increased their prices.

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