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Ray Of Light [21]
3 years ago
14

You are considering the purchase of a home that would require a mortgage of $150,000. How much more in total interest will you p

ay if you select a 30-year mortgage at 5.65% rather than a 15-year mortgage at 4.
Business
1 answer:
Irina18 [472]3 years ago
3 0

Answer:

$111,991.59

Explanation:

using a loan calculator, I found the following information:

principal $150,000

apr 5.65%

360 monthly payments of $865.85

total payments $311,707.33

total interest charged on the loan $161,707.33

principal $150,000

apr 4%

180 monthly payments of $1,109.53

total payments $199,715.74

total interest charged on the loan $49,715.74

if you choose the 30 year mortgage, you will pay $161,707.33 - $49,715.74  = $111,991.59

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Explain why a firm might want to continue operating and producing goods even after diminishing marginal returns have set in and
ad-work [718]

Answer:

Explanation:

Overall in a scenario such as this one, a firm may continue operating and producing goods if they believe demand may go back up and result in higher returns or if they expect the tastes of consumers to change in the near future. Both of these will in term cause the market sentiment surrounding the firm's product to change and begin seeing more profitable times. Otherwise, a firm would cut their loses and stop operating and producing goods.

5 0
3 years ago
A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as ed
den301095 [7]

Answer:

Break-even point in units= 2,984 units

Explanation:

Giving the following information:

The one-time fixed costs will total 49982. The variable costs will be $8.50 per book. The publisher will sell the finished product to bookstores for 25.25 per book

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 49,982/ (25.25 - 8.5)

Break-even point in units= 2,984 units

7 0
3 years ago
What is a characteristic of the leader substitutes model?
sladkih [1.3K]

It says that managers don't have to play a leading role under certain conditions.

<u>Explanation: </u>

Leadership Substitute:

A characteristic of a delegate or a circumstance or condition in which leadership works in place of a leader, inappropriate in leadership. All Leaders of an organization can sometimes work very well without a director controlling the management.

The most important aspects of a company are effective leadership, many experts agree. But sometimes it's not necessary to have leadership.  

For example, Raj is a father and that he wants his daughter to do her work. Raj knows he can usually make his daughter do things if he gives her an exchange piece of candy.

However, it's the day after Halloween in this scenario but she already has chocolates. In this respect, Raj's power of leadership has been eliminated, since the normally used award is not effective.

3 0
3 years ago
Which of the following is appropriate interview attire for women?
hammer [34]

Answer:

I'm going to say the answer is B ! I could be wrong but this is what i think :)

Explanation:

4 0
2 years ago
The table below presents the average and marginal cost of producing cheeseburgers per hour at a roadside diner.
Butoxors [25]

Answer:

a. At a quantity of 40 cheeseburgers per hour, the average total cost of production is<u> falling </u>and the marginal cost of cheeseburger production is <u>rising</u>.

b. At a quantity of 60 cheeseburgers per hour, the average variable cost of production is <u>  rising </u> and the average total cost of cheeseburger production is <u>at a minimum</u>.

Explanation:

a. At a quantity of 40 cheeseburgers per hour, the average total cost of production is<u> </u><em><u>falling </u></em>and the marginal cost of cheeseburger production is <em><u>rising</u></em>.

From the table in the question, it can be observed that the average total cost of production at a quantity of 30 cheeseburgers per hour is higher than the average total cost of production at a quantity of 40 cheeseburgers per hour, while the average total cost of production at a quantity of 50 cheeseburgers per hour is lower than the average total cost of production at a quantity of 40 cheeseburgers per hour. This implies that at a quantity of 40 cheeseburgers per hour, the average total cost of production is<u> falling.</u>

Also from the table in the question, it can be observed that the marginal cost of production at a quantity of 30 cheeseburgers per hour is lower than the marginal cost of production at a quantity of 40 cheeseburgers per hour, while the marginal cost of production at a quantity of 50 cheeseburgers per hour is higher than the marginal cost of production at a quantity of 40 cheeseburgers per hour. This implies that at a quantity of 40 cheeseburgers per hour, the marginal cost of production is<u> rising.</u>

b. At a quantity of 60 cheeseburgers per hour, the average variable cost of production is <u> </u><em><u> rising</u></em><u> </u> and the average total cost of cheeseburger production is <em><u>at a minimum</u></em>.

From the table in the question, it can be observed that the average variable cost of production at a quantity of 50 cheeseburgers per hour is lower than the average variable cost of production at a quantity of 60 cheeseburgers per hour, while the average variable cost of production at a quantity of 70 cheeseburgers per hour is higher than the average variable cost of production at a quantity of 60 cheeseburgers per hour. This implies that at a quantity of 60 cheeseburgers per hour, the average variable cost of production is<u> rising.</u>

Also from the table in the question, it can be observed that the average total cost of cheeseburger production at quantities of 50 and 60 cheeseburgers per hour are equal and the lowest on the table, this implies that the average total cost of cheeseburger production is <u>at a minimum</u> at a quantity of 60 cheeseburgers per hour.

7 0
3 years ago
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