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2 years ago

A _____________ is a fee levied by your lender that represents pre-paid interest on your mortgage loan.

Business

1 answer:

Tamiku [17]2 years ago

7 0

A foreclosure is a fee levied by your lender that represents pre-paid interest on your mortgage loan.

<h3>What is foreclosure?</h3>

foreclosure serves as the the action of taking in the possession of a mortgaged property in case they fail to meet up with mortgage payments.

In this case, A foreclosure is a fee levied by your lender that represents pre-paid interest on your mortgage loan.

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Lexis Company purchased equipment on January 1, 2012 for $35,500. The estimated useful life of the equipment was 7 years and the

Naddik [55]

Answer:

The depreciation expense for 2015 is $2,000

Explanation:

The computation of the depreciation expense is shown below:

= (Original cost - residual value) ÷ useful life

= ($35,500 - $4,000) ÷ 7 years

= 4,500

The depreciation for three years would be

= 4,500 × 3 years

= $13,500

The remaining amount would be

= $35,500 - $13,500

= $22,000

So, the depreciation expense for 2015 would be

= ($22,000 - $4,000) ÷ 9 years

= 2,000

7 0

3 years ago

Reuben would like to buy a car that costs $25,000 today when he graduates from college in 5 years. If the rate of inflation is e

Helga [31]

The future value of the car that costs $25,000 today in 5 years at an inflation rate of 3% per year is <u>$28,981.85.</u>

<h3>What is the future value?</h3>

The future value shows the value that a present value will be in a future period, given the time value of money concept.

The future value can be computed using the future value formula, future value table, or an online finance calculator as below.

<h3>Data and Calculations:</h3>

Price of a car today = $25,000

Period to buy the car = 5 years

Inflation rate per year = 3%

Future value factor of 3% for 5 years = 1.159

Future price of the car in 5 years' time = $28,975 ($25,000 x 1.159)

N (# of periods) = 5 years

I/Y (Interest per year) = 3%

PV (Present Value) = $25,000

PMT (Periodic Payment) = $0

<u>Results:</u>

FV = $28,981.85

Total Interest $3,981.85

Thus, the future value of the car that costs $25,000 today in 5 years at an inflation rate of 3% per year is <u>$28,981.85.</u>

Learn more about future value computations at brainly.com/question/989421

5 0

2 years ago

Research Hershey's organizational chart and organizational structure. Type a one page paper describing Hershey's organizational

Goshia [24]

Answer:

It resembles a structure of departmental and grid structure. Like departmental association, it has its own specializations headed by chief. The divisions existed in the firm are as per the following:

boss activities/working official
boss development official
CFO
general advice and security
boss Human Resources official
head controlling official and
senior bad habit precedent-worldwide activity

This structure is level in nature, where all the departmental heads are reports to the supervisor Chief Executive Officer as it were. They get orders from the CEO and forward to their subordinates to execute the requests. This is firm is having 3 level administration structure just, for example President, utilitarian heads and officials. with this basic structure, the firm can communicate with others rapidly and without any problem. In the event that there are numerous levels in the center through and through, it sets aside a lot of effort to stream of data or whatever else start to finish and the other way around.

The dynamic is decentralized right now, practical heads have option to take choice at their level, to the major and corporate level methodologies just they relies upon CEO.

5 0

3 years ago

The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Cu

Delicious77 [7]

Answer and Explanation:

The computation is shown below;

Working capital = Current Asset - Current Liabilities

= $569,000 - $280,000

= $289,000

Current ratio = Current Asset ÷ Current Liability

= $569,000 ÷ $280,000

= 2.03

Acid-test (quick) ratio = {(Current Asset - Inventory - prepaid expense) ÷ Current Liabilities }

= {{$569,000- $320,000 - $8,000) ÷ ($280,000)}

= 0.86 times

Debt-Equity ratio = Total Liability ÷ Shareholders' Equity

= $670,000 ÷ $759,000

= 0.88 times

Times interest earned = EBIT ÷ Interest Charges

= ($1,224,000 + $35,100) ÷ ($35,100)

= 35.87 times

Average collection period

= 365 ÷ ($3,010,00 ÷ $215,000)

= 26 days

The $215,000 comes from

= ($210,000 + $220,000) ÷ 2

= $215,000

7. The average sales period is

= 365 ÷ ($1,110,000 ÷ $300,000)

= 99 days

The $300,000 comes from

= ($280,000 + $320,000) ÷ 2

= $300,000

8. The operating cycle is

= 99 days - 26 days

= 73 days

3 0

3 years ago

Where a producer chooses the intensity level of its market coverage, which level is chosen to utilize the “shotgun” approach?

dsp73

Answer:

The level that utilizes the "shotgun" approach to market coverage is:

Intensive Distribution (mass coverage).

Explanation:

This marketing approach aims to reach many consumers through as many sales channels as possible. In this situation, consumers have easy access to the goods or services. The other approaches include Selective Distribution (where few outlets in specific locations are selected for the distribution of the goods and services) and Exclusive Distribution (where limited outlets are chosen because of the target market).

6 0

3 years ago