A sellers costs are a $14,700 commission, $3,150 in excise tax, $650 for a buyers policy of title insurance, $250 in escrow fees and $126,000 loan payoff. The seller will receive a $210,000 purchase price and a $1,050 refund on property taxes paid in advance. How much are the seller's proceeds?

A. $65,250
B. $66,300
C. $144,750
D. $192,300

Ans: B. $66,300

Business

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Which of the following is not one of the controls for the mail room where customer payments are commingled with other mail?

A) Requiring the controller to be personally present when mail is received and opened B) Preparing a remittance list as mail is opened C) Restrictively endorsing checks when received D) Requiring two mail room clerks to open mail together

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Marketing communications attempt not to attract customers who will enhance the ambiance with their presence because of potential legal ramifications

Indicate whether the statement is true or false

Business