The buyers are moving into their new home on September 15. The purchase price was $140,000 and they put $28,000 down, making their first mortgage $112,000. Property taxes for escrow the first year were set at $315 per month, and their hazard insurance premium was $1,200. The settlement agent has informed them that the lender will require an escrow account for taxes and insurance. The lender requires two months' initial deposit at closing. How much will the settlement agent collect to set up the escrow account at closing

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

From what part of income should someone take savings?