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3 years ago

What is a mortgage? The answer to everfi

Business

1 answer:

bezimeni [28]3 years ago

8 0

A legal agreement when a bank lends money at interest in exchange for taking title of the persons property.

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A company produces a product with variable costs of $2.50 per unit. The product sells for $5.00 per unit. The company has fixed

VLD [36.1K]

Answer:

The sales level in units to achieve the desired profit is 5,200 units.

Explanation:

Fixed cost = $ 3,000

Desired profit = $10,000

Lets the number of units sales is N.

Total variable cost = $2.5*N

Sales revenue = $5*N

Net Profit = Sales revenue – cost of goods sold – operating expenses

$10,000 = ($5*N) – ($2.5*N) - $3,000

($5*N) – ($2.5*N) = $ 10,000 + $ 3,000

$2.5*N = $ 13,000

N = $13,000/$2.5

= 5,200 units

Therefore, The sales level in units to achieve the desired profit is 5,200 units.

3 0

3 years ago

Read 2 more answers

If the quote for a Treasury bond is listed in the newspaper as 99.25 bid, 99.26 ask, the actual price at which you can sell this

Inga [223]

Answer:

$9,925

Explanation:

actual selling price = bid price (shown in %) x bond's par value = 99.25% x $10,000 = $9,925

The ask price is the price at which sellers want to sell their bonds, while the ask price is the price at which buyers will purchase a bond. Usually the ask price is higher than the bid price. If you wanted to purchase the bond, you would end up paying the ask price or $9,926.

7 0

3 years ago

You are scheduled to receive annual payments of $60,000 for each of the next 20 years. The annual rate of return is 8 percent. W

babymother [125]

Answer:

= $ 219,657.43

Explanation:

FV of annuity = P x [(1+r) n -1/r]

P = Periodic payment = $ 20,000

r = Periodic interest rate = 0.08

n = Number of periods = 20

FV = $ 60,000 x [(1+ 0.08)20 -1/0.08]

= $ 60,000 x [(1.08)20 -1/0.08]

= $ 60,000 x [(4.66095714384931 -1)/0.08]

= $ 60,000 x (3.66095714384931/0.08)

= $ 60,000 x 45.7619642981163

= $ 2,745,717.85788698 or $ 2,745,717.86

FV of annuity due =(1+r) x P x [(1+r) n -1/r]

= (1+0.08) x $ 2,745,717.85788698

= 1.08 x $ 2,745,717.85788698

= $ 2,965,375.28651794 or $ 2,965,375.29

Difference in FV of ordinary annuity and annuity due

= $ 2,965,375.29 - $ 2,745,717.86

= $ 219,657.43

3 0

3 years ago

The number and characteristics of sellers and buyers are known as _____.

loris [4]

Answer:

The number and characteristics of sellers and buyers is called market structure.

Explanation:

hope it help

8 0

3 years ago

.On February 1, 2018, Middleton Corp. lends cash and accepts a $1,000 note receivable that offers 12% interest and is due in six

Dvinal [7]

Answer:

interest revenue that Middleton Corp. report during 2018 is $20

Explanation:

given data

cash and accepts = $1,000

interest rate = 12% = 0.12

time = 6 month

to find out

How much interest revenue will report during 2018

solution

we get here Interest revenue that is report during 2018 as

Interest revenue report = $1000 × 12 % × $\frac{2}{12}$

Interest revenue report = $1000 × 0.12 × $\frac{1}{6}$

Interest revenue report = $20

so interest revenue that Middleton Corp. report during 2018 is $20

6 0

4 years ago