If the buyer pays 50% of the transfer taxes, the seller's transfer tax for the sale of a $400,000 home is $800.
What is a transfer tax?A transfer tax is a charge imposed by a city or state when the title to a real estate or property passes from one owner to the next.
In some states, the transfer tax is borne 100% by the seller. In some other states, the buyer and the seller may be collectively liable for the transfer tax.
Data and Calculations:City State
Transfer tax rate $0.001 $0.003 ($1.50/$500)
Transfer tax ($) $400 $1,200 ($400,000 x $0.003)
Total transfer tax = $1,600
Amount paid by buyer = $800 ($1,600 x 50%)
Amount to be borne by seller = $800 ($1,600 - $800)
Thus, if the buyer pays 50% of the transfer taxes, the seller's transfer tax for the sale of a $400,000 home is $800.
Learn more about transfer taxes at https://brainly.com/question/14298674
#SPJ1
Several managers were having a budget meeting. At first, they were all focused on the issues, though there was mild disagreement. Tensions increased as the participants wanted more of the fixed pool of money than was available. The discussion then moved away from the budget to personal insults and sniping. The first part of this meeting illustrates ________ conflict, which later turned into ________ conflict. Group of answer choices relationship; task task; constructive constructive; task task; relationship
The correct option is task; relationship. The first part of this meeting illustrates the task conflict that later turned into relationship conflict.
How to manage a conflict?It is necessary that organizational departments understand the normality of conflicts in the organizational environment, where there are people with different values and personalities. To reduce tensions, it is necessary to strengthen communication, increase employee motivation and create a culture favorable to development.
Therefore, in the organizational environment there are several types of conflicts with different scopes, which can be reduced through the creation of strong personal relationships and clear and objective communication.
Find out more about conflict management here:
https://brainly.com/question/26675176
#SPJ1
There can be infringement of patents, copyrights, trademarks, trade names and trade dress. True False
"There can be an infringement of patents, copyrights, trademarks, trade names, and trade dress."
This statement is TRUE.
Trade dress . Refers to the image and overall appearance of the product. It is as protected as a trademark. The appearance and overall appearance of the trademarked product (“look and feel”).
Trade dress is a kind of mark aimed at the unique appearance of a product or service that identifies its origin. To be registrable, the trade dress must act as a source identifier, be market distinguishable, be used in commerce, and primarily not function.
Trade dress can be any word, name, symbol, device, or combination thereof used to identify the product. Trademarks can be used to protect the exclusive right to identify a product or service.
Learn more about patents here: https://brainly.com/question/11381236
#SPJ4
Incapacity or death, bankruptcy, or destruction of property are examples of circumstances where agency terminates by ______.
Incapacity or death, bankruptcy, or destruction of property are examples of circumstances where an agency terminates by Operation of law.
This is further explained below.
What is the Operation of law.?Generally, A legal circumstance in which a person acquires certain rights (or occasionally duties) without having to take any action, needs the cooperation of another person, or is the subject of a judicial order.
In conclusion, Incapacity or death, financial ruin, or the loss of property are some examples of situations that might result in the termination of an agency as a result of the operation of the legislation.
Read more about the Operation of law.
https://brainly.com/question/9780698
#SPJ1
The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a(n) ______ appraisal.
The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a behavioral appraisal.
What is behavioral appraisal ?Behavioral appraisal is usually focus on specific actions that are related to the job it usually define desired parameters of the action s in the job .
In this case, The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a behavioral appraisal.
Learn more about behavioral appraisal on:
https://brainly.com/question/18597072
#SPJ1
In general, which accounts are most susceptible to overstatement?
In general, asset and revenue accounts are most susceptible to overstatement.
A revenue account is an account that reports a company's revenue and therefore has a credit balance. Examples include sales income, rental income, and interest income.
An example of an income account is: Revenue accounts are usually credited because they are credited when the service is provided / billed.
Revenue is the revenue from normal sales calculated by multiplying the average selling price by the number of units sold. This is the top row (or total revenue) from which expenses are deducted to determine net income. Revenue is also known as income statement revenue.
Learn more about revenue accounts here:https://brainly.com/question/16232387
#SPJ4
Treasury stock represents ______. (Check all that apply.) Multiple select question. stock issued in exchange for treasury bills a contra-equity account the amount paid for stock reacquired and currently held in treasury the amount paid to acquire US treasury stock
Option 3. The amount paid for the stock reacquired and currently held in its treasury.
2) Option 6. Credit common stocks $180,000.
2) Option 8. Debit cash $660,000.
Solution 1:
Treasury Stock represents "the amount paid for stock reacquired and currently held in Treasury".
Hence the third option is correct.
Solution 2:
Price of share = (Common stock + paid-in capital in excess of par) / Number of shares issued.
= ($100,000 + $460,000) / 50000
= $11.2 per share.
Solution 3:
Journal entry will be:
Debit Cash......................$660,000
Credit Common stock....................................$180,000
Credit Paid in capital in excess of par...........$480,000
Hence third, sixth and last options are correct.
Treasury stock is often a form of reserved stock set aside to raise funds or pay for future investments. Companies may use treasury stock to pay for investment or acquisition of competing businesses.
Your question is incomplete. please read below to find the full content.
Learn more about Treasury stock at
https://brainly.com/question/8054097
#SPJ4
An important customer showing up at a hotel that is fully booked and the reservation is missing would be placed in which category for managerial decision-making challenges?
An important customer showing up at a hotel that is fully booked and the reservation is missing would be placed in managers must make decisions quickly.
A business manager is a supervisor who directs and supervises the operations of an organization or department with employees. They strive to ensure that the company remains productive, efficient, and organized at all times by implementing operational strategies, conducting performance reviews, and overseeing all day-to-day activities.
Managers can lead teams and give them purpose and direction that employees can trust. It helps employees achieve their goals and manage the company's day-to-day production and processes. We also plan the next steps for managing projects and potential hires.
Learn more about managers here:https://brainly.com/question/24708179
#SPJ4
What is the chief reason that the occupations of telephone operator and parking enforcement worker are projected to decline rapidly
The Use of computerized equipment is the chief reason that the occupations of telephone operators and parking enforcement workers are projected to decline rapidly. This is further explained below.
What are telephone operators?Generally, The most significant factor contributing to the anticipated quick demise of jobs in the fields of telephone operators and parking enforcement officers is the increasing prevalence of automated technology.
In conclusion, The several meanings for the term "telephone operator." is someone who assists callers in reaching the intended recipient of their calls. Switchboard operator and telephonist are two terms that are interchangeable. category: manipulator; sometimes called operator. an element that is responsible for the operation of a device or instrument.
Read more about telephone operators
https://brainly.com/question/20608530
#SPJ1
What organization issues management marketing and technical publications
SBA organization issues management marketing and technical publications.
The U.S. Small enterprise administration is a US government company that offers aid to marketers and small organizations.
The U.S. Small enterprise administration (SBA) facilitates Americans to grow groups and create jobs by using offering sources and gear, inclusive of getting the right of entry to capital; opportunities in Federal contracting; get admission to entrepreneurial training; and disaster assistance for companies, owners, and renters.
The term Small commercial enterprise management (SBA) refers to a U.S. government employer this is designed to bolster and promote the financial system by way of supporting the united states' small businesses. Mounted in 1953, the SBA's largest function is to recommend folks who need to start and develop their very own corporations.
Learn more about Small enterprise administration here: https://brainly.com/question/13424073
#SPJ4
When must the scope of appointment be obtained for an in-person or telephonic sales presentation?.
If meeting was set up as an in person meeting then it would have to be obtained.
What is an in person meeting?This is the term that is used to refer to a meeting that is set up by people themselves.
This type of meeting would have the people present in body instead of having a representative.
Read more on in person meeting here:
https://brainly.com/question/8624057
#SPJ1
Wang co. manufactures and sells a single product that sells for $420 per unit; variable costs are $231 per unit. annual fixed costs are $909,000. current sales volume is $4,220,000. compute the contribution margin per unit.
The contribution margin per unit is 4809.52.
What is the contribution margin?Contribution margin is the level of output at which revenue would equal zero.
Contribution margin = fixed cost / (price - variable cost)
909,000 / (420 - 231)
909,000 / 189 = 4809.52
To learn more about contribution margin, please check: https://brainly.com/question/14902120
#SPJ1
Winn Co. signs a 60 day note payable for a $15,000 copy machine with an interest rate of 8%. Winn will record total interest expense of Multiple choice question. $1,200 $15,000 $15,200 $200
Winn will record a total interest expense of $200.
15,000 x .08 x (60/360)
= 200.
Interest expense is a non-operating expense recognized in the income statement. It represents interest paid on borrowings such as bonds, loans, convertible bonds, or lines of credit. This is basically calculated as the interest rate multiplied by the principal amount of the debt.
The simplest way to calculate interest expense is to multiply the company's total debt by the average interest rate on the debt. If a company has an average interest rate of 5% and he has a debt of $100 million, the interest expense will be $100 million multiplied by 0.05, or $5 million.
Learn more about simple interest here: https://brainly.com/question/2294792
#SPJ4
True or false: Controlling involves developing goals and preparing various budgets to achieve those goals.
False, Planning involves developing goals and preparing various budgets to achieve those goals not controlling
Controlling involves determining if goals have been followed and taking corrective measures
Control is a management feature that helps you check for errors in order to take corrective action. This is done to minimize deviations from standards and ensure that the organization's set goals are achieved in the desired way.
The corporate governance management process is when managers define, measure, improve and manage cost management of their business operations. Control processes allow enterprises to manage changes in their supply chain, customer demand, and other variables that affect their lives.
Learn about controlling function here:https://brainly.com/question/22691648
#SPJ1
When a firm produces a specific output level at a higher cost than the necessary cost for that level of output, it is called ______.
When a firm produces a specific output level at a higher cost than the necessary cost for that level of output, it is called x-inefficiency.
What is x-inefficiency?
A firm's observable behavior in practice that deviates from the efficient behavior expected or suggested by economic theory, as impacted by a lack of competitive pressure, is said to be X-inefficient.Harvey Leibenstein was the one who first proposed the idea of X-inefficiency.In 1966, Harvard University professor Harvey Leibenstein published an article titled "Allocative efficiency vs. X efficiency" in the American Economic Review, which proposed the concept of X-inefficiency.The term "X-inefficiency" refers to a firm's production that does not fully utilize its resources, with the end result reaching the efficiency frontier, which is the highest level of output achievable given the available resources and environment.To learn more about X-inefficiency with the given link
https://brainly.com/question/14316695
#SPJ4
how is planning done and why is it important
Answer:
Planning helps us decide how best to use our resources (people, time, money, information, equipment) so that they make the most significant contribution to achieving our goal. Planning lays the basis for us to assess and evaluate our achievements effectively.
Explanation:
Hope it helps!!!
Assuming the market situation from part (b), and that producers will not charge less than $1, would the quantity supplied of widgets be more or less than 11 widgets? explain
The quantity supplied of widgets is more than 23.
Price Total Supply
1 3+5+3 = 11
2 5+6+6 = 17
3 7+7+9 = 23
You can think of them as an "overview" view of your app's key data and features, accessible directly from the user's home screen. Users can move widgets around the home page. You can customize the amount of information in the widget to your liking by resizing where supported.
The widget processes real-time her website data and can be personalized to correspond to the identity of the website. Some of the most common examples of widgets are event countdowns, website visit counters, clocks, and daily weather forecasts.
Learn more about widgets at
https://brainly.com/question/260819
#SPJ4
In the event an employee does defraud a customer, a company can reduce its liability in a number of ways, including?
The company can reduce its liability in several ways, including setting up a whistleblower hotline
What is a whistleblowing hotline?
Employees and others can use a whistleblowing hotline (also known as a whistleblowing system) to report workplace misconduct and illegal or unethical behavior. A telephone-based reporting service was historically referred to as a "whistleblowing hotline."
How effective are whistleblower hotlines?
Tips make up more than half of all fraud detection in businesses with an internal hotline, compared to only one-third in those without one. Notably, when a business doesn't provide a hotline, the likelihood of uncovering fraud "by mistake" more than doubles.
Learn more about whistleblower hotlines: https://brainly.com/question/27409967
#SPJ4
Which activity is set by policy at the start of a project?
The activity which is set by policy at the start of a project is the detailed project planning.
At the start of a project, the first planning activity is to define project activities, using a Work Breakdown Structure. The purpose of this activity is to establish a common understanding of project scope, it also includes determining and answer and to begin the detailed project planning.
The detailed project planning is necessary as it makes a project valuable and accurate. There are five phases of project planning and management which includes conception and initiation, planning, execution, performance or monitoring, and project end.
Hence, the activity which is set by policy at the start of a project is the detailed project planning.
To learn more about the project planning here:
https://brainly.com/question/27992266
#SPJ4
CVP analysis allows companies to easily identify the change in profit due to changes in: Multiple select question. costs. volume. location. management. selling price.
Cost Volume Profit (CVP) analysis, also known as break-even analysis, is a financial planning tool that executives use to set the short-term strategy for their business. It informs corporate decision makers of the (short-term) impact on profit of changes in selling prices, costs, and quantities.
CVP analysis aims to determine the outputs that drive company value, highlight the impact of fixed costs, break-even points, target profits, and determine sales figures and sales forecasts. CVP analysis makes pricing decisions and pricing structures easier.
CVP analysis estimates how changes in a company's fixed and variable costs, sales volume, and price affect the company's profits. This is a very powerful tool in finance and accounting. It is one of the most commonly used tools in management accounting to help managers make better decisions.
Learn more about CVP at
https://brainly.com/question/26654564
#SPJ4
An important part of defining the problem in marketing research is to ________ that are neither too broad nor too narrow.
An important part of defining the problem in marketing research is to set objectives that are neither too broad nor too narrow.
What is marketing research?Market research is a systematic attempt to learn as much as possible about target markets and consumers, starting with who they are. It is a key part of corporate strategy and a crucial element in keeping competitiveness.The needs of the market, the size of the market, and the competition are all identified and analyzed with the aid of market research. Its methods include both qualitative ones, like focus groups, in-depth interviews, and ethnography, and quantitative ones, such customer surveys and secondary data analysis.The systematic collection and analysis of data on people or organizations using statistical and analytical tools from the applied social sciences to acquire understanding or enhance decision-making encompasses social and opinion research.To learn more about marketing research with the given link
https://brainly.com/question/18723483
#SPJ4
Who are the main stakeholders that the y is attempting to reach with the information it has gained through its market research?
The main stakeholders that the Y is attempting to reach with the information it has gained through its market research are the Primary stakeholders and the Secondary stakeholders.
There are three types of market research- Descriptive, Exploratory, and Causal. Y has conducted causal market research wherein the effect of change on the current operations is quantified.
Here, in this causal market research, Y is attempting to reach the Primary stakeholders and the Secondary stakeholders with the information it has gained through its market research.
Primary stakeholders are those individuals, groups or entities who are involved with the monetary transactions of an organization. Primary stakeholders include- employees, customers, investors, banks, lenders etc.
Secondary Stakeholders are the stakeholder who are not directly involved in a company, thus, they have indirect influence over the company. Secondary stakeholders include- competitors, government, trade unions, community etc. These groups do not have any financial interest in the company.
Hence, the answer is given and explained above.
To learn more about the stakeholders here:
https://brainly.com/question/24125431
#SPJ4
A large company has several data collections across its many departments. what kind of metadata indicates exactly how many collections a piece of data lives in?
A large company has several data collections across its many departments. what kind of metadata indicates exactly how many collections a piece of data lives in Structural metadata
This is further explained below.
What is Structural metadata?Generally, Metadata that identifies the sorts of digital assets, as well as their versions, connections, and other properties, is referred to as structural metadata (Arms, Blanchi, and Overly 1997). Other information that is linked with the particular version is a part of the digital object's structural metadata. This metadata refers to individual versions of digital objects.
In conclusion, A major firm has multiple data collectors across its various divisions. How many different collections do a particular piece of data reside in, and what type of metadata reveals this? Structural metadata
Read more about Structural metadata
https://brainly.com/question/12094128
#SPJ1
Compared to the short-run demand for oil, the demand for oil in the long run will tend to be.
Oil has a low demand elasticity, and given how dependent the global economy is on oil, this means that demand for oil will not change much as prices change.
What is short run demand?The laws of supply and demand affect the oil industry primarily by determining the price of 'black gold'. Oil price expectations are a major factor in determining how companies in the industry allocate their resources.Prices create incentives to influence behavior. This action ultimately translates into supply and demand to determine the price of oil core paper.Oil supply is also rather inelastic given how complicated and expensive the process of setting up oil production in the first place is. Fluctuations in oil prices tend to be dramatic and often affect other parts of the global economy. Oil supply is even less elastic than most other commodities, as oil production often requires specialized investment. Much of the equipment used to mine gold and silver can be diverted to mine platinum and palladium when prices fluctuate. However, expensive equipment used for hydraulic fracturing and offshore drilling is often not usable for other purposes.To know about Short run demand with given link https://brainly.com/question/17088576
#SPJ4
A house is selling for $180,000 and the seller owes $140,000. The borrower is short $40,000 for the down payment, but the seller is willing to carry back $20,000 of the $40,000 equity as a second mortgage as long as the buyer agrees to pay $20,000 cash. This type of financing by the seller is called
This type of financing by the seller is called junior financing.
Finance for juniors: What is it?Having a lesser priority for repayment than senior debt, junior debt is a type of financing provided by the corporation. It is a category of corporate debt that, in the event of default, has a lower priority for repayment than senior debt. Junior debt may take the shape of bonds, debentures, or other debt securities.
They are extremely dangerous because they receive less preference for repayment. Junior debt carries higher interest rates compared to Senior debt (which receives first priority for repayment in the event of default). Here, the maxim High Risk/High Returns is also applicable. Mezzanine debt or Subordinated debt are the other names for junior debt.
Learn more about debts with the help of the given link:
brainly.com/question/25699457
#SPJ4
Jamie Dimon, the CEO of J.P. Morgan, released a letter he had written to employees to the press. Fortune, a leading business magazine, reported the full contents of the letter and the context. This is an example of ________ communication.
Jamie Dimon, the CEO of J.P. Morgan, released a letter he had written to employees to the press. Fortune, a leading business magazine, reported the full contents of the letter and the context. This is an example of external communication.
External communications are the techniques responsible for speaking with people and entities outside your business enterprise. those encompass customers, companies, suppliers, companions, traders, authorities businesses, law enforcement, and others.
External communication commonly consists of e-mail, brochures, newsletters, posters, advertisements, and other sorts of multimedia advertising designed to draw clients, partners, and providers to conduct worthwhile commercial enterprise transactions.
A strong outside communication strategy facilitates selling the brand, increasing popularity, definitely forming the general public's perception of the emblem, and in the long run pressure more income.
Learn more about External communication here: https://brainly.com/question/15115647
#SPJ4
The problem with using the product life cycle concept is that no one can predict the shape that the product's life cycle will take; therefore, it is impossible to know Blank______
The problem with using the product life cycle concept is that no one can predict the shape that the product's life cycle will take; therefore, it is impossible to know which stage the product is in.
Product Life CycleThe time span between a product's first release to consumers and its eventual withdrawal from the market is known as its life cycle. Four stages—introduction, growth, maturity, and decline—are typically used to describe a product's life cycle.Demand rises after a product is released effectively to the market, which boosts its appeal. In the end, these more recent products replace older ones by driving them off the market. As sales of a new product rise, companies typically reduce their marketing efforts. This is a result of a decrease in the product's the production and marketing costs. The product might be completely removed from the market when demand for it declines.
To learn more about the Product Life Cycle refer to:
https://brainly.com/question/17485582
#SPJ4
How the investment will affect your tax situation is referred to as consequences?
Answer: Tax
Explanation:
Implementing an enterprise system for a large organization is most accurately described as _____. Group of answer choices a low-risk, gradual change somewhat difficult a huge demand on resources doomed to failure
Implementing an enterprise system for a large organization is most accurately described as a customer relationship management system. Group of answer choices a low-risk, gradual change somewhat difficult a huge demand on resources doomed to failure.
Customer relationship management (CRM) is the strategy companies use to manage their interactions with customers and prospects. CRM helps businesses streamline processes, build customer relationships, increase sales, improve customer service, and increase profitability.
A system management platform like CRM connects all your sales reps and customer data in one place. A CRM consolidates all communications (form-fills, phone calls, emails, texts, meetings), documents, quotes, purchases, and tasks associated with each lead and customer. Your entire team can access these details at the right time to close a sale or provide excellent service.
Learn more about Customer relationship management at https://brainly.com/question/4310845
#SPJ1
How differently would you allocate assets between an elderly couple and a young entrepreneur?
According to conventional wisdom regarding asset allocation by age, you should hold a proportion of stocks equal to 100 minus your age. Therefore, if you are 40 years old, 60% of your portfolio should consist of equity. Criteria might be better changed to 110 minus your age or 120 minus your age because life expectancy increasing.
By deducting your present age from 100, you can utilize rule of thumb to determine your asset allocation. It implies that as you get older, you should shift away from equity funds and toward debt funds and fixed income assets in your asset allocation.
To learn more about asset allocation, click here
https://brainly.com/question/28025267
#SPJ4
In an economy with _______________, money loses some buying power each year, but it remains money.
In an economy with inflation, money loses some buying power each year, but it remains money. In such situation, money cannot be said to be a perfect store of value. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Hence, in an economy with inflation, money loses some buying power each year, but it remains money. Read below about inflation.
What is inflation?In economics, inflation is a general increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
Therefore, the correct answer is as given above
learn more about inflation: https://brainly.com/question/8149429
#SPJ1