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sdas [7]
2 years ago
7

You need a 30-year, fixed-rate mortgage to buy a new home for $245,000. Your mortgage bank will lend you the money at an APR of

4.8 percent for this 360-month loan. However, you can afford monthly payments of only $900, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $900
Business
1 answer:
ivanzaharov [21]2 years ago
6 0

Answer:

xcmm this question made me think

Explanation:

LOL

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Heinrich is a manufacturing engineer with the Miller Company. He has determined the costs of producing a new product to be as fo
dusya [7]

Answer:

It need  sales figure of 22,125 units per year to break even considering their currnent contribution marign and fixed cost.

Explanation:

fixed cost per year:

equipment lease cost: 288,000

other overhead cost  <u>     48,300   </u>

total fixed cost              336,300

contribution per unit:

sales revenue - variable cost

39.75 - 14.55 = 15.20

each units generates $15.20 dollar we need to save up for  336,300 dollars

break even point:

336,300 / 15.20 = 22,125 units

6 0
3 years ago
Sally, the manager at a large restaurant chain, was just given information from the corporate office on how to increase sales in
Illusion [34]

Answer: C. Measure performance

Explanation: Controlling is the managerial functions of planning, staffing, organizing, implementing and directing. It helps to check the errors and take corrective action, so it is known as an important function of management. It is necessary to ensure that the desired results are achieved.

The control process is the system that allows setting, measure, match and tweak any business activities such as production, packaging, delivery and more. ... The control process is the functional process for organizational control that arises from the goals and strategic plans of the organization.

6 0
3 years ago
Read 2 more answers
On January 1, Year 1, the Accounts Receivable balance was $20,100 and the balance in the Allowance for Doubtful Accounts was $1,
wel

Answer:

$18,400

Explanation:

A/R                                                               $20,100

Less: Allowance for doubtful accounts         ($1,700)

net realizable value of A/R                             $18,400    

The write off amount is already included in allowance for doubtful accounts on provision basis therefore it can't be separately deducted again.                                                

4 0
3 years ago
Martin Enterprises needs someone to supply it with 118,000 cartons of machine screws per year to support its manufacturing needs
Bezzdna [24]

Answer:

$15.66 per carton

Explanation:

118,000 cartons of machine screws

equipment cost $785,000

depreciation per year = $785,000 / 5 = $157,000

fixed manufacturing costs $415,000 per year

variable costs per carton = $10.05 x 118,000 = $1,185,900

initial investment in net working capital $68,000

tax rate 24%

discount rate 12%

price per carton?

initial investment = -$853,000

CF₁ = [(R - $1,600,000 - $157,000) x 0.76] + $157,000 = 0.76R - $1,178,320

CF₂ = [(R - $1,600,000 - $157,000) x 0.76] + $157,000 = 0.76R - $1,178,320

CF₃ = [(R - $1,600,000 - $157,000) x 0.76] + $157,000 = 0.76R - $1,178,320

CF₄ = [(R - $1,600,000 - $157,000) x 0.76] + $157,000 = 0.76R - $1,178,320

CF₅ = [(R - $1,600,000 - $157,000) x 0.76] + $157,000 + $68,000 = 0.76R + $1,110,320

$853,000 = (0.76R - $1,178,320) / 1.12 + (0.76R - $1,178,320) / 1.12² + (0.76R - $1,178,320) / 1.12³ + (0.76R - $1,178,320) / 1.12⁴ + (0.76R + $1,110,320 ) / 1.12⁵ = 0.6786R - $1,052,071.43 + 0.6059R - $939,349.49 + 0.541R - $838,704.90 + 0.483R - $748,943.66 + 0.4312R + $630,025.39

$853,000 = 2.7397R - $4,209,094.87

$5,062,094.87 = 2.7397R

R = $5,062,094.87 / 2.7397 = $1,847,682.18

total revenue = $1,847,682.18

revenue per carton = $1,847,682.18 / 118,000 = $15.6583 = $15.66

8 0
3 years ago
Investment A produced annual rates of return of 4%, 8%, 14% and 6% respectively over the past four years. Investment B produced
Ghella [55]

Answer:

A

Explanation:

The investment A was more risky, but in general they were both pretty much a risk.

With both having a produced annual rates of return in under 10%

Reason for A being the riskier is that his annual rate of return in average was 8%, while B's annual rate was 9%

Difference may seem small, but for bigger investments 1% can be a deal breaker.

8 0
3 years ago
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