1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elan Coil [88]
3 years ago
12

Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 20%

down payment, how expensive of a home can Tedd purchase using a 4%, 30 year mortgage
Business
1 answer:
Kobotan [32]3 years ago
3 0

Answer:

The total loan value would be of $261,825

Explanation:

In order to calculate how expensive of a home can Tedd purchase using a 4%, 30 year mortgage we would have to calculate first the amount of annual payments as follows:

amount of annual payments = $48,000*0.25 = $12,000

PMT = 12,000/12 = 1000

FV = 0

rate = 4%/12

N = 30*12

Hence, use FV function in Excel  amount after down payment = $209,461.24

this represents 80% of the loan , so total loan value = $209,461.24/0.8 = $261,825

The total loan value would be of $261,825

You might be interested in
The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is: Multiple Choice O
nasty-shy [4]

Answer:

Financing activities.

Explanation:

In the financing activities of the cash flow statement the stockholder equity section should be considered i.e. if there is an issuance of the common stock or preferred stock or both so the same would be represented as cash inflow but if there is a dividend so it would be represent as a cash outflow

So as per the given situation it is a part of the financing activities

6 0
3 years ago
Of the six images of managing change, the _____ and _____ images have their foundations in the field of organization theory.
Andreyy89

Answer:

C. caretaker, nurturer

Explanation:

Generally, there are six images of managing change, which are: navigator, caretaker, coach, director, interpreter, and nurturer.

The caretaker and nurturer images have their foundations in the field of the organization theory.

The caretaker image of managing change, evaluates change and deals with issues within change. The caretaker image of managing change believes that managers are to receive change instead of initiating change.

The nurturer image of managing change ensures that change is plainly understood. It argues that no matter how little a manner of change is, it can have a very big impact in an organization

6 0
4 years ago
Explain way economic deals with allocation and efficient utilization of scarce resources only?
solniwko [45]

Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature. Hence, to utilize the resources in the optimum possible way and meet the demands of humans, the economy allocates scarce resources.

<h3>How Microeconomics allocates scarce resources?</h3>

Microeconomics analyses how scarce resources are allotted efficaciously to the production of products and services. It facilitates in resolving the critical financial issues of the economic system at an individual level.

Thus, in this manner, Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature.

learn more about allocation of scarce resources:

brainly.com/question/6107102

#SPJ1

3 0
2 years ago
Hennessey Chicken and Waffles had $594,500 in sales, and a net profit margin of 4 percent. The firm has 2,750 shares of stock ou
lord [1]

The price-earnings ratio for Hennessey Chicken and Waffles would be 4.90

<h3>What is price-earning ratio(PE)?</h3>

PE ratio is known as the price per earnings ratio. It is the ratio of share price of a company to its earnings per share. The higher the PE ratio, the higher the prospects of higher future performance.

The Price/Earnings Ratio (P/E Ratio) can be calculated as:

= Market Value / Earnings per Share.

First, we need to calculate the net income

Net Income

= Sales x profit margin

= 594500 * 4%

= $23,780

Earnings per share

= (Net profits after taxes – Preferred dividends) / Number of shares of common stock outstanding

= ($23,780 - 0) / 2,750

= $8.65

Therefore,

P/E ratio :

= Market Value / Earnings per Share.

= $42.40 / $8.65

= 4.90

Hence, the price-earnings ratio would be : 4.90

Learn more about price-earnings ratio here: brainly.com/question/18802904

5 0
3 years ago
Bryant Company has a factory machine with a book value of $90,800 and a remaining useful life of 7 years. It can be sold for $27
Usimov [2.4K]

Answer:

The old machine should be retained.

Explanation:

\left[\begin{array}{cccc}&continue&replace&Differential\\Proceeds \: from \: sale&0&27,200&27,200&Cost:&&&&purchase&0&-407,400&-407,400&manufacturing\:cost&-4,480,700&-4,422,600&58,100&Total \:cost&-4,480,700&-4,830,000&-349,300&Net&-4,480,700&-4,802,800&-322,100&\end{array}\right]

The old machine should be retained.

The differential analisys shows <u>cost will increase 322,100 if replaced.</u>

<u />

The sale from the old machine is an income for the relacement alternative.

the cost of the new machine is an expense

the value of the 7 years of manufacturing cost show a cost saving for 58,100

this savings, along with the proceeds from the old machine, doesn't cover the acquisition of the new machine. It is a bad investment.

6 0
4 years ago
Other questions:
  • What do of the terms “frequent, likely, occasional, seldom, and unlikely” describe in the risk assessment matrix?
    5·1 answer
  • Who owns the alcoholic beverages of a private club
    15·2 answers
  • Cheyenne is a manager at her company. She listens to an employee, Enu, voice his opinion about a policy that he disagrees with.
    6·1 answer
  • Gonzalez Company acquired $153,600 of Walker Co., 8% bonds on May 1 at their face amount. Interest is paid semiannually on May 1
    14·1 answer
  • Which of the following would be the main reason you use the task feature?
    11·2 answers
  • A company is considering purchasing a machine for $21,000. The machine will generate an after-tax net income of $2,000 per year.
    6·1 answer
  • In a life insurance policy, which provision states who may select policy options, designate and name a beneficiary, and be the r
    8·1 answer
  • J is issued a Life Insurance policy with a death benefit of $100,000. She pays $600 per year in premium for the first 5 years. T
    6·1 answer
  • Illumination Corporation operates one central plant that has two divisions, the Flashlight Division and the Night Light Division
    5·1 answer
  • Jose is CEO of a small tech start-up. He uses the power of his position to help his employees grow and succeed. Jose is using __
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!