Accounting 484 - Study guides, Class notes & Summaries

Which of the following loans would be subject to the Truth In Lending Act? - correct answer A loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at closing for $372,316. What did the house sell for? - correct answer $406,000 (100%-7%=93%). $337,580/ 0.93= $406,000. Frank gives Stella an option to buy his house. Stella, as the optionee, is obl...

Which of the following loans would be subject to the Truth In Lending Act? Correct Answer-A loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at closing for $372,316. What did the house sell for? Correct Answer-$406,000 (100%-7%=93%). $337,580/ 0.93= $406,000. Frank gives Stella an option to buy his house. Stella, as the optionee, is obligated t...

Rockwell Real Estate Exam questions with correct answers Which of the following loans would be subject to the Truth In Lending Act? Correct Answer-A loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at closing for $372,316. What did the house sell for? Correct Answer-$406,000 (100%-7%=93%). $337,580/ 0.93= $406,000. Frank gives Stella an option...

WA BROKERS CRAM EXAM #2, QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED. Which of the following loans would be subject to the Truth in Lending Act? A: A loan to a first time home buyer B: A lone to a homeowners association C: A loan to a residential subdivision D: A loan to buy a 20-unit apartment complex - -A Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at closing f...

Which of the following loans would be subject to the Truth In Lending Act? - Answer- A loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at closing for $372,316. What did the house sell for? - Answer- $406,000 (100%-7%=93%). $337,580/ 0.93= $406,000. Frank gives Stella an option to buy his house. Stella, as the optionee, is obligated to: - Answe...

WASHINGTON STATE BROKERS EXAM CRAM TEST #1 QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Which of the following best describes the difference between building codes and zoning regulations? - -Building codes affect improvements on the property; zoning regulations control the use of real property A independent contractor relationship between a real estate brokerage firm and a licensee requires that the: - -brokerage and licensee must enter into a written agreement An advertisement for a ho...

Which of the following loans would be subject to the Truth In Lending Act? - ANSWERSA loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at closing for $372,316. What did the house sell for? - ANSWERS$406,000 (100%-7%=93%). $337,580/ 0.93= $406,000. Frank gives Stella an option to buy his house. Stella, as the optionee, is obligated to: - ANSWERS...

Which of the following loans would be subject to the Truth In Lending Act? - ANSWERSA loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at closing for $372,316. What did the house sell for? - ANSWERS$406,000 (100%-7%=93%). $337,580/ 0.93= $406,000. Frank gives Stella an option to buy his house. Stella, as the optionee, is obligated to: - ANSWERS...

Which of the following loans would be subject to the Truth In Lending Act? - A loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at closing for $372,316. What did the house sell for? - $406,000 (100%-7%=93%). $337,580/ 0.93= $406,000. Frank gives Stella an option to buy his house. Stella, as the optionee, is obligated to: - Pay consider...

ACCOUNTING 484 Accounts Final exam update questions with correct answers solution 2022 1. The ABC is widely used classification technique to identify various items of inventory for purpose of inventory control and recommends that a firm should exercise the maximum control on ……. Items of inventory that are : a. Most costly and/or slowest turnover b. High in volume c. Fast turning d. All of these 2. The fixed manufacturing cost can be carried forward to next period as part of invento...