Chanveida finds a home listed for $48k. Similar homes in good condition sell for $60k (market value). She pays $35k. Closing costs are $2k, estimated fix-up is $7k, and holding costs are $3k. She ‘flips’ the property after 3 months for $58k. Her closing costs upon sale are 7% of the sell price. Her overall tax rate is 30%. Assume no financing is used and there is no depreciation taken. Determine Chanveida's Net Sell Price. (Do not show a decimal or cents in your answer

Q: In general, which of the following statements about the supply of capital is incorrect? O a. An…

A: The supply of capital refers to the amount which households saves out of their income. This saving…

Q: 4 Bubblegum & Computers If the cross-price elasticity of computers with respect to bubblegum equals…

A: According to guidelines, only first question is supposed to be done.    Let's first understand what…

Q: No. 5 Suppose the government increases tax. Prior to the change in fiscal policy, the economy is…

A: Aggregate Demand: The aggregate demand is a sum of private investment demand, government…

Q: Cross-Country Shipping, Inc. had “Revenues” of $5,750,000 during its most recent fiscal year and…

A: Total revenue is the total value of the commodities produced and sold in equilibrium. Economic costs…

Q: You have already saved $55. You earn $9 per hour at your job. You are saving for a bicycle that…

A: Given:  Cost of bicycle = $199  Total saved money = $55 Remaining money required to buy the bicycle…

Q: In 2013, you spent $55,000 for new equipment plus $5,000 to install it, which is added to the cost…

A: Initial cost=Equipment cost +installation cost Equipment cost=$55000 Installation cost=$5000 Initial…

Q: A monopsony company has 5 employees each earning $20 an hour. The company decided to hire two a new…

A: Marginal labor cost measures the change in total labor cost due to hiring additional labor.…

Q: Which product likely has a moe in elastic demand a movies ticket at lifesaving medication

A: Elasticity of demand reffers to the a measure which help to calculate effect on the quantity…

Q: The employment of teaching assistants (TAS) by major universities can be characterized as a…

A: To determine the number of TAs that the university will hire and the wage it will pay, we need to…

Q: Barney decides to quit his job as a corporate accountant, which pays $11,000 a month, and goes into…

A: Implicit cost is the foregone income that could have been earned if resources were invested…

Q: a. Henry receives a check for $10,000 from selling his car and deposits the check Into Tennessee…

A: The deposits are defined as the amount of the money that is kept by the citizen in their bank…

Q: In a two good model if a consumer always spend his all money and if one good is an inferior good the…

A: An inferior good is one for which demand declines as consumer income rises, whereas a luxury good is…

Q: In case of a surplus the price declines below the previous equilibrium price. Q uestion 3 options:…

A: Equilibrium in economics refers to a state where there is a balance between demand and supply for a…

Q: Which of the following production technology exhibits constant returns to scale? I. f(K, L) = K0.25…

A: The constant return to scale states that increasing capital (K) and labor (L) by X% will increase…

Q: Use the information given in North Central National Bank's balance sheet to answer the following…

A: The leverage ratio is a financial metric that measures the amount of debt a company uses to finance…

Q: Justify the statement. TRUE/FALSE Nominal GDP adjusts for the inflation.

A: The entire monetary worth of all goods and services produced inside a nation's borders over a given…

Q: BC Junction purchased some embroidering equipment for their Denver facility 3 years ago for $15,000.…

A: MACRS (Modified Accelerated Cost Recovery System) is a method of depreciation used for tax purposes…

Q: Refer to Figure 6-33. Bund upon the diagram the incidence of the tax falls more heavily on buyers…

A: Before-tax: Equilibrium in the market occurs at the intersection of the demand and supply curves.…

Q: If the market demand for a product produced under perfectly competitive conditions increases (and…

A: In case of perfect competition,  There exists many buyers and sellers.  The firm faces horizontal…

Q: How might monetary policy affect the degree of crowding out resulting from fiscal policy?

A: Aggregate Demand: The aggregate demand is a sum of private investment demand, government…

Q: Specify the strategies for P1 and P2, respectively. Eliminate all strictly dominated strategies, and…

A: E F G H A 10,30 0,50 5,5 40,20 B 40,10 10,10 8,20 30,5 C 15,5 10,30 5,20 25,20 D 20,3 20,8…

Q: Refer to the following diagram. Point A is 24 hours, C is 14 hours, D is 8 hours, and E is 6 hours.…

A: Consumption – Leisure Model: In this model the household determine how he allocate his time between…

Q: A tax of $1 in the market for widgets causes a deadweight loss of $2. If the tax is raised to $3…

A: When a good or service's equilibrium is not at the best level of production or consumption, there is…

Q: Lesson 3 Discussions Using the Internet, locate the most recent financial report for a Manufacturing…

A: Here the most current financial report for Caterpillar Inc., a production company that designs,…

Q: 00 BO 40 20 O 12 18 9) In the above figure, the profit-maximizing output is A) 2 units B) 20 units…

A: The total cost of a business includes both fixed and variable costs. Fixed costs are the ones that…

Q: Directions: Solve the interest rate of the problem below: Problem: Junnie loans ₱40,000 from…

A: A monthly payment is a set sum of money that is made on a regular basis, usually once per month, to…

Q: Give typing answer with explanation and conclusion  Workers in a certain occupation will soon…

A: Supply and demand are the fundamental concepts in economics that describe how markets work. Demand…

Q: P = λPd + (1-2) Pfle where Pd is the price of domestic goods, Pf is the price of foreign goods…

A: The Mundell-Fleming model, also known as the IS-LM-BP model, is an economic framework that explains…

Q: X = Y = 1 Z= $5 2 3 $5 $5 4 5 $10 $10 Z Analyze the diagram and determine the unknown Answer: ieff =…

A: In this cash flow diagram, the length of one period is 1 month, and payment is done at the end of…

Q: Gerstner added $20 billion in annual revenue to IBM. Which one of the following formulas would…

A: Profit is the amount of money a company earns after deducting all of its expenditures from its total…

Q: in 2-3 paragraphs pick one business formation type to describe (sole proprietorships, partnerships,…

A: Let's take a closer look at LLCs, which are a popular business formation type. Limited Liability…

Q: Compare the alternative shown on the basis of their capitalized costs using an interest rate of 10%…

A: Capitalized cost refers to the cost that is assed to the cost for a fixed asset in a balance sheet…

Q: QUESTION 3 Because it fumes at room temperatures, hydrochloric acid creates a very corrosive work…

A: Business operation refers to the process of manufacturing and day-to-day activities. Business…

Q: an economy with a production function, Consider Y = K (AN), saving rate s, depreciation rate 8,…

A: Y = K1/3(AN)2/3 --------------> production function. Where Y is output; K is capital; and AN is…

Q: riefly outline how each of the following theories explain the shape of the yield curve. A. Liquidity…

A: Economics refers to the study of scarcity and its implications for the use of given resources,…

Q: According to the “wealth effect”, when the price level increases people feel less well off, and they…

A: Wealth is a collection of valuable economic resources that can be computed in terms of either real…

Q: What is the cross elasticity of demand between peanut butter and chocolate spread (use the midpoint…

A: A positive cross elasticity indicates that the two goods are substitutes, while a negative cross…

Q: 2. The demand curve facing a perfectly competitive firm Talero is one of more than a hundred…

A: A perfectly competitive firm is one of many firms producing identical goods. This makes the firms…

Q: Under monopsony, wages that are paid are higher than reservation wage.  True  False

A: A market structure known as a monopsony has several vendors and just one buyer for a certain item or…

Q: Using a budget line, why does a decrease in the price of a good allow one to potentially consume…

A: A budget line shows various combinations of two goods a consumer can purchase by spending all income…

Q: Why some economists worry that there could be "moral hazard" risk after US government bailed out…

A: In economics the moral hazard refers to a situation where in one party engages in risky behavior…

Q: The price of crude oil increased to its highest level due to conditions which impacted supply.…

A: OPEC (Organization of the Petroleum Exporting Countries) is an international organization that was…

Q: If a pizza parlor faces the following monthly fixed costs: Rent: $2,000 Equipment rental: $1,000…

A: Fixed cost is constant and does not depend on output produced. Variable cost changes with change in…

Q: Andover Bank and Lowell Bank each sell one-year certificates of deposit (CDs). The interest rates on…

A: Interest rate in economics refers to the cost of borrowing or the return on lending. It represents…

Q: Explain unsolicited mails and communication with children (Ecommerce) in brief. I need to prepare…

A: The topic of unsolicited emails and communication with children in ecommerce has become increasingly…

Q: The chamber of commerce has virtually no budget for tourism promotion. State law authorizes an added…

A: A tax on accommodation establishments like hotels, motels, and bed and breakfasts is known as a…

Q: . With trade, how many units will be . Without trade, consumer surplus ar . Without trade, total…

A: A nation will import from the rest of the world if domestic demand is greater than domestic supply…

Q: The graph to the right depicts an economy, Home, which produces flowers and soybeans. Its production…

A: Isovalue lines, also known as isoquants, are used in economics to represent different combinations…

Q: Suppose the country X has the following monetary asset information as of year 2010:   Cash in…

A: There are four standard measures of the money supply.  i.e., M1, M2, M3 and M4.

Q: of Consider the following cost data for a perfectly competitive firm in the short run. Assume the…

A: A perfectly competitive firm is a price taker as there are many firms producing identical goods.