+1-415-315-9853

info@mywordsolution.com

## Accounting

 Accounting Basics Cost Accounting Financial Accounting Managerial Accounting Auditing Taxation

Actual mortgage: \$250,000, 6% interest, monthly payments of \$1,895.41, 7 year balloon
Market mortgage: \$250,000, 8% interest, monthly payments of \$2,187.41, 7 year balloon
What is the appropriate cash equivalency adjustment?

i) \$18,735
ii) \$19,988
iii) \$23,764
iv) Can't be inferred without purchase price.

2. Comparable property sold with cash to an assumed loan. Property is in disclosure state, where public records indicate only total sale price, and only the original loan amount. When probleming the seller, which of the given is the best way to begin asking about this loan?

i) What was the loan balance when you sold property?
ii) What was the remaining term when you sold property?
iii) What was the interest rate on the loan when you bought property?
iv) Do you think you would have gotten the same price if the buyer had not been able to assume the loan?

3. Answer the following problems based on given data:

Sale No. Distance from Town (miles)   Sale Price/Ac.
i)      1               1.6                                  \$50,000
ii)      2                3.4                                  \$40,000
iii)     3                5.2                                  \$36,000
iv)    4                6.0                                   \$30,000
v)     5                 8.5                                      \$2

Using simple linear regression, determine the data's correlation coefficient (r) ?

i) -0.99
ii) -0.98
iii) -0.97
iv) -0.95

4. Using simple linear regression, compute value per acre is indicated for land immediately adjacent to town?

i) \$53,500
ii) \$54,500
iii) \$58,900
iv) \$60,000

5. Compute the cash equivalency of a \$300,000 sale in which the seller paid \$6,000 in points on \$270,000, 6% mortgage, if these are market rates and buyer typically pays all financing costs?

i) \$264,000
ii) \$276,000
iii) \$294,000
iv) \$306,000

Accounting Basics, Accounting

• Category:- Accounting Basics
• Reference No.:- M922466

Have any Question?

## Related Questions in Accounting Basics

### 1 you are the manager of a payroll system your company is

1. You are the manager of a payroll system. Your company is going to replace the legacy payroll system with a more robust, Web-based version. Suggest two approaches that would minimize downtime and interruption to the pa ...

### Discussionpart 1 please respond the following question no

Discussion Part 1 please respond the following question no less then 350 words (original work, no plagiarism, 1 reference "free cash-flow valuations" please respond to the following: • Create an argument that use of the ...

### Accounting assignmentaccounting is the study of how

Accounting Assignment Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities in addition to preparing financial statements and recording busi ...

### International accountingpart 1the weeks discussion covered

INTERNATIONAL ACCOUNTING PART 1 The week's discussion covered the following International Accounting Standards (IAS): #21 The Effects of Changes in Foreign Exchange Rates #27 Consolidated and Separate Financial Statement ...

### Excel spreadsheet and 1-2 pagesconsider the following

Excel Spreadsheet and 1-2 pages Consider the following scenario: Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid ...

### Exercise recording receivables and identifying their effect

Exercise: Recording receivables and identifying their effect on financial statements Davos Company performed services on account for \$160,000 in 2016. Davos collected \$120,000 cash from accounts receivable during 2016, a ...

### Assignment question 1 -impulse pty ltd impulse is an

Assignment Question 1 - Impulse Pty Ltd (Impulse) is an entertainment system manufacturer that was established in 2005. Your audit firm King & Queen have been the auditor of Impulse since its formation. The audit report ...

### Question 1on december 31 2014 rayco inc had the following

Question 1 On December 31, 2014, Rayco Inc. had the following balances (all balances are normal): Accounts Amount Preferred Stock, (\$100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and out ...

### 1 several years ago courtney borrowed 100000 from the

1) Several years ago, Courtney borrowed \$100,000 from the Friendly Local Bank and used it to buy an apartment building. Courtney has not been able to rent any of the apartments in the building and has not made any princi ...

### Discussion questions 1 and 2dq 1accounting cyclefinancial

Discussion Questions 1 and 2 DQ #1:Accounting Cycle Financial statements are a product of the accounting cycle. Think about two different companies: a manufacturing company, and a retail company. Why would different comp ...

• 13,132 Experts

## Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

### Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

### Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

### Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

### Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

### Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen