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Ilya [14]
3 years ago
10

Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage pay

ments by $148 a month and incur closing costs of $2,500 as a result of refinancing. How long will it take them to recover the cost of refinancing?
Business
1 answer:
shtirl [24]3 years ago
6 0

Answer:

16.9 months

Explanation:

Recovery time = Refinancing cost / Monthly savings

= $2,500 / $148

= 16.9 months

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What a primary cause of inflation​
lesantik [10]

Excess aggregate demand (AD)

Quick economic growth.

5 0
3 years ago
Consider a firm with a 2013 net income of $20 million, revenue of $60 million, and cost of goods sold of $25 million. If the bal
Nostrana [21]

Answer:

Weeks of supply = 4.16 weeks

Explanation:

given data

net income = $20 million

revenue = $60 million

cost of goods sold = $25 million

inventory = $2 million

property, plant, and equipment = $500,000

to find out

how many weeks of supply does the firm hold

solution

we know here that Weeks of supply will be express as

Weeks of supply = \frac{average inventory}{cost of goods sold} × 52 weeks          ....................................1

so put here value we get weeks of supply

Weeks of supply =  \frac{2}{25} × 52 weeks

Weeks of supply = 4.16 weeks

3 0
3 years ago
Bank A pays 10% interest compounded annually on deposits, while Bank B pays 9% compounded daily. a. Based on the EAR (or EFF%),
Pie

Answer:

Bank A should be chosen.

Explanation:

Given:

Effective annual rate (EAR) of bank A = 10%

Bank B pays 9% compounded daily. EAR of bank B is calculated below:

EAR = ( 1+\frac{i}{n})^{n} -1

Where, i is 0.09

            n is compounding period that is 365 (since it is compounded daily)

EAR = ( 1+\frac{0.09}{365})^{365} -1

       = 1.0942 - 1

       = 0.0942 or 9.42%

Bank B pays EAR of 9.42%

Based on EAR, Bank A should be selected as it pays higher EAR of 10%.

3 0
2 years ago
Other things remaining the same, if the average aggregate inventory value goes down, then?
mixas84 [53]

Other things remain the same if the average aggregate inventory value goes down, then the inventory turnover ratio will go up, but weeks of supply will go down.

An inventory valuation allows a company to provide a monetary value for items that make up its inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements.

An inventory valuation is a monetary amount associated with the goods in the inventory at the end of an accounting period.

learn more about  inventory value here

brainly.com/question/14168493

#SPJ4

7 0
9 months ago
What is the name of the experimental task in which an infant interacts with an adult who first engages in normal social interact
Komok [63]

The still-face interaction paradigm

<span>An experimental task was introduced in 1978 to prove that infants actively contribute to social interaction. It is called the Still-Face Paradigm or SFP.</span>

<span>In the experiment,  3 phases of face-to-face interaction of infants with an adult were tested:  the normal interaction, the still-face (where the adult becomes unresponsive and maintains a neutral facial expression), and a reunion where the adult resumes normal interaction.</span>

<span>Indeed, the still-face paradigm showed effects like increased gaze aversion and less smiling. </span>

4 0
3 years ago
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