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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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For each error below, indicate:
patriot [66]

Answer:

1. Inventory account will be affected and assertions of accuracy and valuation will be violated.

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4. No impact.

Explanation:

Assertions are certain claims of a business which a business must fulfill in order to make its financial statements reliable. A company has to record the expense when it is incurred in order to provide accuracy in valuation. In the given cases the assertions are violated which impact business accounts.

8 0
2 years ago
How many of the following statements about testing are true?
Rus_ich [418]

Answer:

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Explanation:

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8 0
3 years ago
A minimum acceptable rate of return for an investment decision is called the: Multiple Choice Internal rate of return. Average r
spayn [35]

Answer:

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It should be noted that A minimum acceptable rate of return for an investment decision is called the Hurdle rate of return.

6 0
2 years ago
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dsp73

The answer to this question is Transformational leaders.

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