Why do insurance costs and taxes vary among homes?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (19 reviews)
Homeowners insurance rates are higher for more expensive homes as they cost more to repair Fur...View the full answer
Answered By
John Kago
Am a processional practicing accountant with 5 years experience in practice, I also happens to have hands on experience in economic analysis and statistical research for 3 years. am well conversant with Accounting packages, sage, pastel, quick books, hansa world, etc, I have real work experience with Strata, and SPSS
4.70+
31+ Reviews
77+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
What is the main factor in determining a homes resale value? How can you predict a homes resale value? Who pays commissions when a home is sold?
-
Paul will be able to save $ 400 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining cost of the home (after making the $ 20,000 down payment)...
-
Matt has found a condominium in an area where he would enjoy living. He would need a $ 5,000 down payment from his savings and would have to pay closing costs of $ 2,500 to purchase the condo. His...
-
A 32- resistor and a 20- resistor are connected in parallel, and the combination is connected across a 240-V dc line. (a) What is the resistance of the parallel combination? (b) What is the total...
-
Franco owns a 60% interest in the Dulera LLC. On December 31 of the current tax year, his basis in the LLC interest is $128,000. The fair market value of the interest is $140,000. In a proportionate...
-
Writers sometimes use abbreviations such as FYI (for your information) and ASAP (as soon as possible). Others sometimes use LOL (laughing out loud), 4 u (for you), and gr8 (great). Where would these...
-
Describe the responsibilities and the various agencies within the DHHS.
-
During 2017, the following transactions were recorded by the Port Hudson Community Hospital, a private sector not-for-profit institution. 1. Gross charges for patient services, all charged to Patient...
-
Exactly two years ago, the U.S. Treasury issued 10-year Treasury notes at par value with a coupon rate of 2.50%. The Face Value of one of these notes was $10,000. Today, you want to purchase that...
-
Jim Watanabe looked around his new office. He couldnt believe that he was the assistant director of information technology at Petrie Electronics, his favorite consumer electronics retail store. He...
-
Why is the reputation of the school system in the area of the home you are buying important?
-
Once you have reduced your list of three or four homes down to one home, what is your next step? Should you offer the price the seller is asking? Describe how you would conduct a market analysis of...
-
This is a classic retirement problem. A time line will help in solving it. Your friend is celebrating her 35th birthday today and wants to start saving for her anticipated retirement at age 65. She...
-
Vedanta Resources has invested 8 million in a new mining project lasting 3 years. Depreciation is charged on a straight line basis to zero over the course of the project. The project generates...
-
The multinational media company News Corporation has a dual class share structure. Why might the company do this? Are there any drawbacks?
-
Your firm is considering purchasing a machine which requires an annual investment of 16,000. Depreciation is calculated using 20 per cent reducing balance (i.e. instead of depreciating the machine by...
-
If a firm is to cut costs as a result of falling revenues, how would this appear in the statement of financial position? Explain.
-
Explain the difference between dealer and agency markets. Why do you think both types of markets exist? Is there one type of market that is the best? Explain.
-
If possible, simplify the expression by hand. If you cannot, approximate the answer to the nearest hundredth. Variables represent any real number. -5
-
A firm has the following balance sheet: Assets Cash Accounts receivable Inventory Plant and equipment $ 15,000 150,000 92,000 170,000 $427,000 Liabilities and Equity Accounts payable Long-term debt...
-
Describe a put option on interest rate futures. How does it differ from selling a futures contract?
-
Assume a savings institution has a large amount of fixed-rate mortgages and obtains most of its funds from short-term deposits. How could it use options on financial futures to hedge its exposure to...
-
Three savings and loan institutions (S&Ls) have identical balance sheet compositions: a high concentration of short-term deposits that are used to provide long-term, fixed-rate mortgages. The S&Ls...
-
You are a team of HSIM directors for Peace Pirate Hospital and Dr. Collins, the emergency department (ED) chair, has asked for a documentation audit of ED records. As the HSIM directors, you conduct...
-
The applied behavioural science of employee interactions and organizational processes within a business or work environment. Discuss?
-
Prepare a short report for David on the financial analysis completed. Your report should include: The results of your analysis Your recommendation based on the required rate of return, if the...
Study smarter with the SolutionInn App