Susan seller gave her agent a 60 days listing to sell her home for $200,000. the seller specified in the exclusions section of the listing agreement that her prized iris plants would be removed prior to close and the iris bed repaired to eliminate the damage of plant removal.
public records indicates the home is 2,400 square feet, has 3 bedrooms, 2 bathrooms, a 90% finished basement and a two car garage. last year's taxes were $1,832 and have been paid.
an offer was made and accepted with a sales price of $190,000. the buyers submitted earnest money of $3,000 under liquidated damages. the inspection objections must be made by march 27. the survey must be completed by april 10. review of title must be completed by april 10.
the sellers indicated in the seller's property disclosure that the water heater had leaked. the water heater was replaced and all water damage repaired. the sellers further disclosed that the concrete basement floor had lifted due to expansive soils creating a crack in the concrete floor.
although closing was set for may 1st, a delay in the lender processing of the buyer's loan forced a change in close to may 10th. this change was accepted by both parties. the cost of the survey was $450. the closing fee charged by the closing company is $150 to be split by both parties.
what is debit entry on the settlement sheet for the seller's prorated share of property taxes. the buyer is responsible for the day of closing. use a 365 day year:
a. $342.90
b. $647.47
c. $782.18
d. $1,782.34

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.

Analyzing operational changes operating results for department b of delta company during 2016 are as follows: sales $540,000 cost of goods sold 378,000 gross profit 162,000 direct expenses 120,000 common expenses 66,000 total expenses 186,000 net loss $(24,000) suppose that department b could increase physical volume of product sold by 10% if it spent an additional $18,000 on advertising while leaving selling prices unchanged. what effect would this have on the department's net income or net loss? (ignore income tax in your calculations.) use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. sales $answer cost of goods sold answer gross profit answer direct expenses answer common expenses answer total expenses answer net income (loss) $answer