Answer:
Missing word<em> "and the cost of one point at the time of closing"</em>
<em />
Down payment = $260,000*15%
Down payment = $260,000*0.15
Down payment = $39,000
Amount of mortgage = $260,000 - $39,000
Amount of mortgage = $221,000
Cost of 3 point at the time of closing = 3% of amount of mortgage
Cost of 3 point at the time of closing = 3% * $221,000
Cost of 3 point at the time of closing = $6,630
Answer: Mutual funds
Explanation: Mutual fund is a pool of securities in which the assets are purchased by procuring fund from several different investors. Mutual funds includes different type of securities so that diversification benefits could be taken. These are generally managed by investment professionals.
Generally mutual funds include stock, bonds and debt. Thus, an investor seeking diversified portfolio can seek for mutual funds.
Answer:
$ 9,387.50
Explanation:
An asset is any item that the owner considers valuable.
Shares , the cars and figurines are assets as Latoya can attach a value to them.
Total value of the shares = 50 x 35.75 = 1, 787.5
Value of the car = $5,600
Figurines = $ 2,000
Total value of assets = 1,787.50+ $5,600 + $2,000
=$ 9,387.50
Answer:
O increase by $48,000
Explanation:
A loss is made on disposal of an asset when the amount received from the disposal is lower than the carrying amount of the asset. The carrying amount or net book value of an asset is the difference between the cost of the asset and its accumulated depreciation.
Hence
Carrying amount = $75,000 - $20,000
= $55,000
Let the amount received on disposal be K
K - $55,000 = -$7,000
K = $55,000 - $7,000
= $48,000
This is the amount received from the disposal and it represents an increase in cash.
Answer:
249$
Explanation
ANS-MINIMUM CASH WAGE PER HOUR=3.30
TIP CREDIT PER HOUR=4.95
TOTAL PAY=8.25 PER HOUR
FOR 52 HOURS =52*8.25=429$
TIPS INCUDED IN ABOVE=180$
THEREFORE THE PAY WOULD BE=429-180=249$
