Rosie malone sold her house to d. m. band. the contract was signed june 1, 2004, and closing was set for june 25, 2004. rosie had prepaid her three-year hazard insurance policy in the amount of $425.00 on april 1, 2003, and d. m. agreed to assume it at closing. water and sewer are paid the first of each month for the
previous month. they are estimated to total $100 for june. d. m. also agrees to assume rosie's
mortgage, which will have a balance of $85,385 on date of closing. monthly payments are $817.83 payable on the first of the month for the previous month.
1. the seller is responsible for day of closing.
2. how would the hazard insurance premium be prorated?
3. how would the water and sewer charges be prorated?
4. how will the mortgage assumption be entered?
5. how will the monthly mortgage payment be prorated?

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?

Job applications give employers uniform information for all employees,making it easier to