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andreyandreev [35.5K]
1 year ago
6

with interest rates rising, why do you believe purchasing a home can be one of the most stressful experiences for people? explai

n your answer.
Business
1 answer:
Illusion [34]1 year ago
8 0

While high interest rates typically have the opposite effect, low interest rates tend to promote property demand and raise prices.

<h3>How do interest rates affect home buying?</h3>
  • They affect the price of real estate and how much we will have to spend to borrow money to purchase a property.While high interest rates typically have the opposite effect, low interest rates tend to promote property demand and raise prices.
  • The cost of a property has increased due to higher mortgage rates, but there is less competition because of the decline in demand.This allows purchasers the chance to negotiate a lower purchase price, have closing expenses covered by the seller, or pay mortgage points to lower the high interest rates a little.
  • So much so that 37% of respondents said it was more stressful than finding a job (28%), organizing a wedding (23%), or even having a child (18%) to buy a property.
  • In the current housing market, purchasers still confront several difficult obstacles, including high property prices, high mortgage rates, and a dearth of available properties.However, the ferocious housing market rivalry of recent years has somewhat subsided.Buyers have greater freedom to bargain because there are fewer bidding battles.

To learn more about interest in home refer

brainly.com/question/501927

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A company reports the following information for June: Sales revenue $ 104,000 Income tax expense $ 11,000 Operating expenses 22,
Elodia [21]

Answer:

Gross profit    $39,000

Explanation:

X company

Income statement ( parochial)

For the year ended, June 30 20YY

Sales revenue                                                       $104,000

Less: cost of goods sold                                       $65,000

Gross profit                                                            $39,000

In that case, we do not use Income tax expense, Operating expenses, Deferred revenues, Non-operating revenues because those will be needed when we will calculate the net income.

5 0
3 years ago
Suppose for a given consumer the marginal utility (MU) of a pizza is 100 utils and the MU of a hamburger is 80 utils, and that t
NemiM [27]

Answer:

<u>is not</u> , <u>consume more of hamburgers</u>

Explanation:

A consumer is said to have achieved equilibrium when within his budget constraint, he purchases that combination of two goods which yield maximum satisfaction to him.

The equation for consumer equilibrium for two products is given by

\frac{MU_{x} }{P_{x} } = \frac{MU_{y} }{P_{y} }

In the given case, \frac{MU_{x} }{P_{x} } = \frac{100}{15} = \frac{20}{3} = 6.666

                            \frac{MU_{y} }{P_{y} } = \frac{80}{10}    = 8

wherein, x= pizza

              y= hamburger

As is evident, the marginal utility per dollar spent is greater in case of a hamburger, the consumer is not in a state of equilibrium.

Thus, he should consume more units of Hamburgers in order to maximize his utility.

3 0
3 years ago
On August 2, Jun Co. receives a $8,000, 90-day, 11.0% note from customer Ryan Albany as payment on his $8,000 account receivable
GarryVolchara [31]

Answer:

August 2    Notes Receivable                   8000 Dr

                           Accounts Receivable- Ryan         8000 Cr

October 30  Interest receivable                  220 Dr

                          Interest Revenue                          220 Cr

October 31   Cash                                        8220 Dr

                            Notes Receivable                    8000 Cr

                            Interest Receivable                   220 Cr

Explanation:

When we receive the Note against the Accounts Receivable, we will credit the Accounts Receivable to close the account of Ryan and create a new current asset account of Notes Receivable on August 2.

On October 30, 90 days period of Note is complete so we will record the interest that is receivable for us on this note.

  • Interest Receivable = 8000 * 11% * 90/360  = $220

We record this as Interest Receivable as we have not received this and credit Interest revenue as it is our income.

On 31 October, when we receive cash it will be total of Notes payable and Interest so we will debit cash by 8220 and credit the Notes payable and interest receivable.

8 0
3 years ago
Where do you pay a bill by credit card when the bill was not entered through the enter bills window?
omeli [17]

To pay the bill by credit card when the bill was not entered through the enter bill window -The pay bill windows on the Home window are used to pay a bill by credit card.

Write check window is used to pay sales tax,payroll taxes and when paying bill track with accounts payable.

Credit cards let you borrow money from a bank below the agreement that you will pay off it by way of your bill's due date or incur interest fees.

A credit card is a kind of credit facility, provided through banks that allow customers to borrow finances inside a pre-authorized credit score restriction. It enables clients to make buy transactions on goods and services.

A credit score card loan works like a personal mortgage from a bank, with cash deposited at once into your financial institution account and repaid in month-to-month installments.

Learn more about credit card here: brainly.com/question/6872962

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4 0
2 years ago
The federal funds rate is the interest rate on _____, and it is controlled by the _____.
LUCKY_DIMON [66]
The federal funds rate is the interest rate at which private depository institutions (mostly banks) lend balances (federal funds) at the Federal Reserve to other depository institutions. reserves that banks lend to each other; Federal Open Market Committee 
4 0
3 years ago
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