In a closing statement, the term "recurring costs" refers to:

A. title insurance
B. costs common to all escrows
C. deed transfer taxes
D. impound items

Answer: D. impound items

Business

You might also like to view...

Describe the differences between a conversation and a sell-job and explain how each affects conflict

What will be an ideal response?

Business

Use the "percent of sales method" of preparing pro forma financial statements to determine the

projection for next year's accounts receivable. Make the following assumptions: current year's sales are $45,450,000; current year's cost of goods sold is $26,950,000; sales are expected to rise by 20%. The firm's investment in accounts receivable in the current year is $8,600,000. The firm's marginal tax rate is 35%. What is the projection for next year's accounts receivable? A) $8,772,000 B) $10,320,000 C) $9,575,000 D) $11,345,000

Business