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Value of the house = $100,000
Amount owed = $60,000
Bank requirement is 90%
Therefore, the biggest home equity line of credit they can get is
= ($100,000 - $60,000) * 90%
= $40,000 * 90/100
=$36000
Home Equity Line Of Credit or HELOC is a variable-rate loan which allows to borrow a part of the pre-approved amount offered by the bank. This loan works similar to how a credit card works.
Similar to a home loan, the houses serve as collateral and repayment will include principal and interest. The repaid amount can be re-borrowed like a credit card.
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<span>We were told they produced 700 units. So far so good, but I would like to ask 40% of how many total initialnunits? Let the unit be X so we have 40% * X = 700 units and similarly 40% * X = 400units. So we have that X = 700/.4 and X = 400/.4 this gives 1750 and 1000 units respectively. Total units transferred to the finished goods is 1750 + 1000 = 2750 units. With 4800-2750 =2050 still needing to be be produced.</span>
Answer:
A. There has been a move away from centrally planned and mixed economies and toward a more free market economic model.
Explanation:
In that period of time, the Soviet union was regarded as the biggest nation who adopted a centrally planned economic model. The country was so poor and a lot of dissatisfaction arise among the people due the centrally planned economic system. Eventually, members of soviet union started to seek their own independence, Leading to the fall of the soviet union in 1991.
The rest of the countries witnessed this Downfall and started to move away from centrally planned and mixed economies toward a free market model. They fear that if they adopted them, their country will fall into poverty just like the Soviet Union.
The net change in cash formula can be this easy:
Add the two cash inflows and subtract the cash outflows.
So In here we have;
Cash inflows from operations = $60,500
Cash inflows from financing = $25,000
Cash outflows from investing activities = $47,000
$60,500 + $25,000 - $47,000 = $38,500
The net change in cash was $38,500
