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
Korolek [52]
3 years ago
5

Colinda has just purchased her first home for $125,000. She put down a 20 percent down payment of $25,000 and took out a 4 perce

nt mortgage for the rest. Her mortgage payment is $577 per month. How much of her first monthly mortgage payment is amortization?
Business
1 answer:
svetlana [45]3 years ago
3 0
Answer: $333 Interest and $144 Principal
To find the values for this payment, you will need to use an amortization calculator. If you were not given one, there are numerous ones online. 
Simply enter the amount of the loan $100,000. Then, the number of years, 30 is standard. Finally, enter the percent.
It will show you that the total payment is $477 and also the break down of the payment as given in the answer.

You might be interested in
A client/server network is an example of ________ administration
sladkih [1.3K]
<span>A client/server network is an example of Central administration
In computer network, a central administration refers to something that enabled several computers to be connected under a single medium.
An example of The real life implication of a client/server net work is the system that we use for online multiplayer gaming</span>
4 0
3 years ago
The Shapely Company uses the high-low method to determine its cost equation. The following information was gathered for the past
Naddik [55]

Answer:

$633,000.

Explanation:

We use the High-low method to get the cost formula:

\left[\begin{array}{ccc}High&14,250&710,000\\Low&9,250&570,000\\Diference&5,000&140,000\\\end{array}\right]

This means 5,000 machine hours generate 140,000 labor cost

We divide and get the variable cost generate per machine hour:

Cost 140000

machine hours 5000

140,000/5,000 = 28

variable cost 28

Next, we use this to calculate the fixed cost:

total cost = variable cost + fixed cost

fixed cost = total cost - 28 X DL

<u>High:</u>

Total Cost 710,000

Variable 399,000 (14,250 x 28)

Fixed Cost 311,000

<u>Low:</u>

Total Cost 570,000

Variable 259,000 (9,250 x 28)

Fixed Cost 311,000

Now with the cost formula we solve for 11,500 machine hours

cost = 311,000 + 28 X Machine Hours

cost = 311,000 + 28 x 11,500

cost = 633,000

6 0
3 years ago
Barton Industries has operating income for the year of $3,700,000 and a 25% tax rate. Its total invested capital is $18,000,000
rusak2 [61]

Answer:

1,875,000 Economic Value Added

Explanation:

Net Operating Profit After Taxes  - Invested Capital x Weighted Average Cost of Capital = Economic Value added

This represent the return on the shareholders after their investment return is paid. It is the value generated from the investent resources.

3,700,000 x ( 1- 0.25 ) = 2,775,000 Operating Income after taxes

18,000,000 x 5% =         (900,000)  Required Return

                                        1,875,000 Economic Value Added

4 0
3 years ago
How do investment banks differ from commercial? banks? ?(mark all that? apply.)?
jenyasd209 [6]
Investment banks help companies to purchase, sell and make investments using bonds while commercial banks are concerned on managing deposits on both savings and checking account.

Investment banks aid companies on bringing their investments on public offers; commercial banks are focused on providing security for the clienteles money.

Investment banks have some degree of freedom in choosing their own strategies while commercial banks have more risks because they are open to public transactions. 
4 0
3 years ago
XYZ Zippers, Inc. wants to develop a new sales system that account executives can access over the Internet with a back-end custo
DanielleElmas [232]

Answer:

A programmer, a web designer, and a data analyst.

Explanation:

The programmer creates the sales system application. He will integrate key functionalities in the new software that will meet the companie's unique need.

The we designer will create a website that will give easy access to the newly developed sales system application. This will also involve content creation and user interface creation.

Data analyst will be in charge of managing client's data. Making sure data is secure and in a form that can be easily accessed and used.

5 0
3 years ago
Other questions:
  • All of the following components are commonly found in rental housing agreements EXCEPT:
    8·2 answers
  • The _________________________ adds insight into what the organization must do to respond to adverse events, minimize the damage
    7·1 answer
  • Mars inc., a manufacturer of cat food in texas, places an ad in a publication aimed at veterinarians. the ad explains why they s
    9·1 answer
  • A major difference between a business plan and a marketing plan is that a business plan will include ________ while a marketing
    5·1 answer
  • Your department store receipt says that you pay a 5% sales tax on sports equipment. this sales tax is an example of a
    8·1 answer
  • Karl Corporation was organized on January 2, 2018. During 2018, Karl issued 40,000 shares at $24 per share, purchased 6,000 shar
    9·1 answer
  • UNIT 3 MACROECONOMICS POS... Question 5 V Pause Q ABC Question 5
    10·1 answer
  • NeXL
    8·1 answer
  • For the current year, Hodges Department Store reported the following data:
    8·1 answer
  • Last quarter, a retailer sold 8,000 T-shirts, 7,000 of which were sold directly from on-hand inventory. This retailer's ________
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!