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Aleks04 [339]
3 years ago
13

Nico is buying a home for $625,000. His earnest money deposit is 8%. He wants to avoid private mortgage insurance (PMI) on his c

onventional loan, and he owes 5% in closing costs. How much money should he bring to closing?
Business
1 answer:
qaws [65]3 years ago
4 0

Answer: $106,250

Explanation: Conventional loans often require 20% down to avoid PMI ($125,000), and Nico has paid a $50,000 deposit ($625,000 x .08). Closing costs are $31,250 ($625,000 x .05).

He needs $106,250 to close ([$125,000 - $50,000] + $31,250).

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Suppose you were hired as a consultant for a company that wants to penetrate the Comp-XM market. This company wants to pursue a
klio [65]

Answer:

Chester Company

Explanation:

Niche Cost Leader Strategy is to set the price for the products as lower than all the competitor's products and still be in profit. Thus by having set the lower prices than competitor's products in the market and achieving profit for the organization.

Chester Company is the strong competitor for the Niche Cost Leader Strategy company based on the given information, and the data as explained below.

  • There is very low change in the stock market price ($0.45) and very low variation in closing stock price for the Chester Company. This indicates that the company has stable market stock price.
  • Chester has lowest margins (35.8%) and lowest profits $3,144,115, as compared to other companies where as sales is high ($158,062,285), which is close to other companies of high sale value (Andrew - $211,593,184)
  • Profit of Chester is lowest as compared to other companies, though sale is good. This indicates that the product price is lower than others. Thus it is strong competitor for niche cost leader Strategy Company.
  • Production for the Chester Company is very high against the capacity of the company.

6 0
3 years ago
A few of the tools economists use to evaluate the macroeconomy are
MA_775_DIABLO [31]
<span>A few of the tools economists use to evaluate the macroeconomy are supply and demand graphs, unemployment charts, and inflation vs. deflation graphs. They measure this by Gross Domestic Product(GDP), a national pole of who is employed, and also consumer reports to see what is being purchased most versus least.</span>
8 0
3 years ago
In a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer ten
scoray [572]

Answer:

counter-act one another.

Explanation:

As  a bilateral monopoly has one buyer and one seller, the buyer wants to pay the lower price possible and the seller wants to charge a high price. So, they have opposite goals and they have to negotiate considering the power each one has and find an agreement in which both win. According to this, the answer is that in a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer tend to counter-act one another as their positions are in conflict and they have to find a middle point to get to an agreement.

The other options are not right because their goals are in conflict so they don't support the idea of the other party and both parties have a relative bargaining power and because of that, the monopoly power of the parties does not favor the buyer or the seller.

6 0
3 years ago
Which of the following fiduciary entities are required to use the calendar year as their taxable period for income tax purposes?
Fofino [41]

Answer:

B) Trusts (except those that are exempt)

Explanation:

The only three entities that are allowed to select a fiscal year are: estates, C corporations and tax exempt entities.

Trusts, along with partnerships, S corporations and personal service corporations mus use the calendar year as their taxable period  or the tax year of their owners. Some trusts can change to a different calendar year if they can establish a business purpose for doing so.

5 0
3 years ago
If Baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be: Select: 1 Reta
nataly862011 [7]

Answer:

Equity would increase by $40,076

Explanation:

A funds could be raise from different sources by a company which include:

  •  Shares Issuance
  • Debt financing.
  • Internal sources of finances (retained earnings)

If a company issues common shares It will effect the Common stock value and Add-in-capital excess of par common shares account value will be changed. Retained earning will not be changes in case of issuance of common share but it can be in case of stock dividend.

So, from the given option most appropriate is increase in the equity value.

6 0
3 years ago
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