All categories

1 year ago

Question 6 of 10

Business

1 answer:

vovangra [49]1 year ago

5 0

Answer:

I believe it is C. If not, it may be D.

Explanation:

You might be interested in

What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance acc

Darina [25.2K]

Answer:

Insurance $4,800 (debit)

prepaid insurance $4,800 (credit)

Explanation:

In order to find out adjusting entries. firstly, we need to calculate the difference between prepaid insurance account and Insurance account.

That could be done by subtracting $3,550 from $8,350.

Difference = 8350-3550= 4800

6 0

3 years ago

Giselle wants to buy a condo that has a purchase price of $163,000. Giselle earns $2,986 a month and wants to spend no more than

galina1969 [7]

Answer:

Giselle should purchase points to lower the interest rate of the mortage, this will make the cuota decrease.

Explanation:

163000 x20% = 32,600

163,000 - 32,600 = 130,040

current mortgage cuota:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

$C \times \frac{1-(1+0.0625/12)^{-30*12} }{0.0625/12} = 130,040\\$

C= 800.68

800.68/ 2,986 = 0.2681 = 26.81%

this cuota exeeds the desired amount Giselle wants.

her couta can be as much as 2,986 x 25% = 746.5

Giselle should purchase points to lower the interest rate of the mortage, this will make the cuota decrease.

3 0

3 years ago

The person responsible for having the shipping papers on a ship carrying hazardous cargo is the

stira [4]

This would be the captain. If you need any further explaining, defining, or methods of answering, let me know and I'll do my best to help further. :)

8 0

4 years ago

The total market value of a municipality is $25,000,000 and the total assessed value of a municipality is $11,250,000. What is t

gulaghasi [49]

Answer: The equalization rate for the municipality is 45%.

Explanation:

Given that,

Total market value of a municipality = $25,000,000

Total assessed value of a municipality = $11,250,000

Therefore,

Equalization rate for the municipality = $\frac{Assesed\ value}{market\ value}$

= $\frac{11250000}{25000000}$

= 0.45

= 45%

Hence, the equalization rate for the municipality is 45%.

6 0

3 years ago

If $3000 is invested at 9% interest, compounded annually, then after n years the investment is worth an = 3000(1.09)n dollars. (

Charra [1.4K]

Answer:

The first five terms of the sequence are:

First year: $3270.00

Second year: $3564.30

Third year: $3885.09

Fourth year: $4234.75

Fifth year: $4615.87

Explanation:

When we're dealing with compound interest rates we're dealing with interests being re-invested into the original investment. This means that the new interests of one period will bear interests in the next period. This can be simply calculated using the compound interest formula.

The formula for compound interest rates is $P(1+i)^{n}$

Where:

P is the principal amount being invested,

i is the interest rate,

n is the number of years.

So for the first year we replace in the formula with the given values:

3000 × $(1.09)^{1}$ = $3270

And for the rest of the years we only need to modify the value of n.

For the second year we'd have:

3000 × $(1.09)^{2}$ = $3564.3

And so on.

4 0

3 years ago