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4 years ago

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You have taken out a $350,000, 3/1 ARM. The initial rate of 6.0% (annual) is locked in for 3 years. Calculate the outstanding ba

lance on the loan after 3 years. The interest rate after the initial lock period is 6.5%. (Note: the term on this 3/1 ARM is 30 years)

1 answer:

Vilka [71]4 years ago

5 0

Answer:

Explanation:

The Monthly Payment = Loan Amount / PVAF (360,0.50%)

The Monthly Payment = 350000 / 166.7916

The Monthly Payment = $2098.43

Loan Balance after 3 years = PV(0.50%,324,-2098.43) = $336294.2

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Which branch of government has exercised the most power regarding race to the top, common core standards, and its assessments? w

Ierofanga [76]

For the first question, the answer is the judicial branch of the government since it is the one who ordain and establishes. The Judicial branch construes the laws. The judiciary also offers a tool for the resolution of arguments.

For the second question, the answer is the executive branch of the government. The executive is the structure exercising authority in and holding accountability for the power of a state. The executive implements and imposes law.

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3 years ago

Purple Cab Company had 50,000 shares of common stock outstanding on January 1, 2018. On April 1, 2018, the company issued 20,000

Sloan [31]

Answer:

The basic earnings per share is $4.15

Explanation:

Earning Per Share : Earning Per share shows a ratio between net income and weighted average outstanding shares.

In mathematically,

Earning Per Share = Net income ÷ weighted average outstanding shares

where,

Net income = $269,915

And, On Jan 1, 2018 the share is 50,000 whereas on April, 2018 the shares is 20,000. But we have to calculated for the December period. From April to December there are 9 months.

So, April 2018 shares = 20,000 × 9 ÷ 12 months = 15,000 shares

Hence, total weighted average outstanding shares is

= 50,000 +15,000

= 65,000 shares

Now, apply the above formula for computation

= $269,915 ÷ 65,000 shares

= $4.15 per share

Thus, the basic earnings per share is $4.15

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3 years ago

Definition of collateral

Romashka [77]

Collateral- Something pledged as security for repayment of a loan, to be forfeited in the event of a default.

8 0

4 years ago

Read 2 more answers

In 2019, Whispering Winds Corp. had net sales of $973,000 and cost of goods sold of $570,900. Operating expenses were $220,300,

tester [92]

Answer:

Whispering Winds Gross profit is $402,100

Explanation:

Multi step income statement differentiate the the operating revenue and expenses from non operating revenue and expenses. It shows the gross profit, operating profit and net profit separately.

Whispering Winds Corp.

Income statement for the year 2019

Net sales $973,000

Less: Cost of goods sold <u>$570,900</u>

Gross Profit $402,100

Less:Operating expenses <u>$220,300</u>

Operating Profit $181,800

Less: Interest expense <u>$14,600 </u>

Profit before Tax $167,200

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3 years ago

The formal or informal societal rules that specify or prohibit certain behaviors in specific situations are called ______.

babymother [125]

Answer:

social norms

Explanation:

Social norms can be seen as mutual depictions of appropriate social behavior as well as internal opinions of specific group behavior. Norms can be seen as cultural ideas (including principles, traditions, and rituals) that serve a basic understanding of what others practice and believe that they ought to be doing.

Social norms are, if seen as a societal viewpoint, informal interpretations which regulate the actions of people in a society. In response to religious or community expectations, behavioral economics acknowledges smaller group structures (such as a team or perhaps a department) can also accept norms independently.

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3 years ago