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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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Lusk corporation produces and sells 20,000 units of product x each month. the selling price of product x is $30 per unit, and va
balandron [24]

From economics, we know that the formula for Profit is:

Profit = Income – Total Cost

Case 1: Continue producing and selling product x

income is calculated as:

Income = ($30 / unit) * (20, 000 units)

Income = $ 600, 000

Total cost is composed of both the fixed cost and variable cost:

Total cost = Variable cost + Fixed cost

Total cost = ($21 / unit) * (20, 000 units) + $250,000

Total cost = $670, 000

Therefore, the profit of producing and selling product x each month is:

Profit = $ 600, 000 - $670, 000

<span>Profit 1= - $70, 000        (decifit)</span>

 

Case 2: Discontinue producing and selling product x

Since there is no income but there is unavoidable fixed cost of $50,000, therefore:

<span>Profit 2 = - $50, 000       (deficit)</span>

 

The company’s overall net operating income would be the change in profit (deficit in this case):

Net operating income = Profit 2 – Profit 1

Net operating income = - $50, 000 – (- $70, 000)

Net operating income = $20, 000

 

<span>Therefore discontinuing product x would result in an increase in the overall net operating income by $20,000 per month.</span>

8 0
3 years ago
Biozone provides its employees career counseling, skills workshops, and networking sessions. This work-life initiative used by B
gayaneshka [121]

Answer:

C) information based strategies

Explanation:

Based on the information provided within the question it seems that this work-life initiative used by Biozone falls under the category of information based strategies. These are strategies that focus on improving employee work flow and efficiency by providing them with benefits and activities that increase their knowledge base, such as skills workshops and networking sessions that can lead to good work relationships with people in the same industry to rely upon.

5 0
2 years ago
Economics is the study of how individuals and societies make choices under the condition of:.
Lubov Fominskaja [6]

Economics is the study of how individuals and societies make choices under the condition of scarcity.

<h3>What is economics?</h3>

The study of how individuals use resources and respond to incentives  by using it  in  decision-making is known as Economics. It is a vast study that helps us comprehend past trends, analyze current headlines, and forecast future events.

It signifies that the price of the product or service exceeds the supply of that product or service. As a result, scarcity might limit the options available to customers, who make up the economy in the end.

       

Individuals, organizations, and governments all use economics to understand their behaviors and decisions. It gives people a way to comprehend how people interact in a market-driven society and to analyze how government policies affect them.

Learn more about Economics, here:

brainly.com/question/14355320

#SPJ1

7 0
1 year ago
Read 2 more answers
Sam invests $5,000 of his own money in his new auto detailing business. He then obtains a loan and builds a small workshop in hi
ki77a [65]

Answer:

Assets= 15,000

Liabilities= 10,000

Owner's equity= 5,000

Explanation:

When he invests 5,000 of his own money that 5,000 is an asset as it is cash and the 10,000 he borrows is also an asset as it is cash. The liabilities are 10,000 as he has to pay 10,000 back and it is a loan so it is a liability also.

The owners equity is 5,000 as he invested 5,000 of his own money in the business and that is owners equity.

7 0
3 years ago
A consumer has a choice of spending $20,000 on a Honda or $14,000 on a Kia. She was observed buying a Kia during the weekend. Do
max2010maxim [7]

Answer: Not necessarily

Explanation:

Consumer purchase decisions are dependent on multiple factors such as price, income and preference. It could be that the customer purchased the Kia because the price was less than that of the Honda and so she wanted to save and costs and bought the less expensive choice.

It could also mean that the Kia was all she could afford based on her income so she bought that. It could however also mean that the Kia is her preference as compared to the Honda so she chose that instead.

It is therefore not a foregone conclusion that she bought the Kia simply because she preferred it. More information would be needed to reach that conclusion definitively.

7 0
3 years ago
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