Upon a Sale of Property,the Document That Sets Out the Debits

question 7

Multiple Choice

Upon a sale of property,the document that sets out the debits and credits that must be adjusted to arrive at the proper amount to be paid on closing is called the

• A)requisitions.
• B)draft deed.
• C)statement of adjustments.
• D)charge.
• E)charge/mortgage.

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Definitions:

Linear Programming

A mathematical modeling technique used to achieve the best outcome in a given mathematical model for some list of requirements represented as linear relationships.

Decision Variables

Choices available to a decision maker.

Linear Programming

A mathematical technique used for optimization of resources, which involves linear equations to represent constraints and an objective function to maximize or minimize.

Objective Function

A mathematical function used in optimization to represent the goal that needs to be achieved, often minimizing or maximizing some quantity.