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GrogVix [38]
3 years ago
6

What is a mortgage?

Business
1 answer:
Marta_Voda [28]3 years ago
8 0
B. a type of loan used to buy property also known as  the charging of real (or personal) property by a debtor to a creditor as security for a debt (especially one incurred by the purchase of the property), on the condition that it shall be returned on payment of the debt within a certain period.
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How long would it take for the price level to double if inflation persisted at the following percentages?
Alekssandra [29.7K]

Answer:

inflation rate = 17.5 percent per year  ⇒ it will take 4 years to double

inflation rate =  35 percent per year  ⇒ it will take 2 years to double

inflation rate =  3.5 percent per year ⇒ it will take 20 years to double

Explanation:

we can use the rule of 70 to determine the amount of time it would take the general price level to double.

the rule of 70 is a simple way we can use to estimate the number of years it will take an investment to double given a certain growth rate.

70 / 17.5 =  4 years

70 / 35 =  2 years

70 /  3.5 = 20 years  

3 0
3 years ago
YoYo Fashion December 31, 2013 balance sheet showed total common equity of $5,500,000 and 250,000 shares outstanding. During 201
abruzzese [7]

Answer:

$23.6 per share

Explanation:

Given that,

Total common equity = $5,500,000

Shares outstanding = 250,000

Net income = $525,000

Dividends paid out = $125,000

Total value at the end:

= Total common equity + Net income - Dividends paid out

= $5,500,000 + $525,000 - $125,000

= $5,900,000

Therefore,

Book value per share at 2014 year end:

= Total value at the end ÷ No. of shares outstanding

= $5,900,000 ÷ 250,000

= $23.6 per share

7 0
3 years ago
Johnny’s Drive-in pays its employees bi-weekly. The first payday of 2014 will be on January 3 and will compensate employees for
Sonbull [250]

Answer:

Accounts

Wages Expense

Wages Payable

$100,000

$100,000

Explanation:

As the expense is accrued but not paid at the end of 2013. The transaction requires an adjusting entry. This will charge a wages expense and create the wages payable liability. Ultimately on January 3 it will be paid. Wages for the two weeks are $100,000 and the 14 days has been passed for the pay period until year end of 2013.

5 0
3 years ago
Sunset Travel Agency specializes in flights between Toronto and Jamaica. It books passengers on Hamilton Air. Sunset’s fixed cos
xxTIMURxx [149]

Answer:

See the explanation below.

Explanation:

1 a. Calculate the number of tickets Sunset must sell each month to break even.

Selling price = 6% * $1,500 = $90 per ticket

Variable  cost per unit = $43 per ticket

Contribution margin per unit = $90 – $43 = $47 per ticket

Fixed cost = $23,500

Break-even tickets per month = Fixed cost / Contribution margin per unit = $23,500 / $47 =  500 tickets

1 b. Calculate the number of tickets Sunset must sell each month to make a target operating income of $10,000 per month.

Number of tickets = (Fixed cost + Targeted profit) / Contribution margin per unit = ($23,500 + $10,000) / $47 = 712.77, or 713 tickets

2 a. Calculate the number of tickets Sunset must sell each month to break even.

Selling price = 6% * $1,500 = $90 per ticket

Variable  cost per unit = $40 per ticket

Contribution margin per unit = $90 – $40 = $50 per ticket

Fixed cost = $23,500

Break-even tickets per month = Fixed cost / Contribution margin per unit = $23,500 / $50 =  470 tickets

2 b. Calculate the number of tickets Sunset must sell each month to make a target operating income of $10,000 per month.

Number of tickets = (Fixed cost + Targeted profit) / Contribution margin per unit = ($23,500 + $10,000) / $50 = 670 tickets

3 a. Calculate the number of tickets Sunset must sell each month to break even.

Selling price = $60 per ticket

Variable  cost per unit = $40 per ticket

Contribution margin per unit = $60 – $40 = $20 per ticket

Fixed cost = $23,500

Break-even tickets per month = Fixed cost / Contribution margin per unit = $23,500 / $20 =  1,175 tickets

3 b. Calculate the number of tickets Sunset must sell each month to make a target operating income of $10,000 per month.

Number of tickets = (Fixed cost + Targeted profit) / Contribution margin per unit = ($23,500 + $10,000) / $20 = 1,675 tickets

Comment:

Due a fall in commission, there are appreciable increases in the break-even point and the number tickets that have to be sold to meet a targeted operating income of $10,000.

4 a. Calculate the number of tickets Sunset must sell each month to break even.

Selling price = $60 + $5 = $65 per ticket

Variable  cost per unit = $40 per ticket

Contribution margin per unit = $65 – $40 = $25 per ticket

Fixed cost = $23,500

Break-even tickets per month = Fixed cost / Contribution margin per unit = $23,500 / $25 =  940 tickets

4 b. Calculate the number of tickets Sunset must sell each month to make a target operating income of $10,000 per month.

Number of tickets = (Fixed cost + Targeted profit) / Contribution margin per unit = ($23,500 + $10,000) / $25 = 1,340 tickets

Comment:

The $5 delivery fee brings about an increased contribution margin higher than before, which makes both the break-even point and the tickets sold to achieve operating income of $10,000 to fall.

6 0
3 years ago
What is the Total Cost of a stock purchase if the stock price is $12, shares purchased 100, with a 2% Broker's Fee? (Stock Price
earnstyle [38]
It's a so I need 20 characters hhhhhhh
5 0
3 years ago
Read 2 more answers
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