All categories

3 years ago

Which combination of factors would result in the lowest monthly mortgage payment?

1 answer:

8 0

The choices can be found elsewhere and as follows:

A.) Big down payment,a longer term loan, and a low interest rate
B.) Big down payment, a shorter term loan, and high interest rate
C.) Small down payment, a shorter term loan, and high interest rate
D.) Small down payment, a shorter term loan, and small interest rate

I think the correct answer is option A. It would be Big down payment,a longer term loan, and a low interest rate that would result in the lowest monthly mortgage payment. Hope this answers the question.

You might be interested in

Maui Resort Inc. determined that the balance in its deferred tax asset account on December 31, 2020, was $50,000. Management rev

denis-greek [22]

Answer:

Maui Resort Inc.

Journal Entry:

December 31, 2020:

Debit Loss from Unrealizable DTA $31,000

Credit Allowance for Unrealizable DTA $31,000

To record the loss from unrealizable DTA and increase the balance to $35,000 (credit).

Explanation:

a) Data and Calculations:

December 31, 2020 Deferred Tax Asset (DTA) = $50,000

Estimate of realizable DTA = 30% of $50,000 = $15,000

Allowance for unrealizable DTA for 2020 = 70% of $50,000 = $35,000

Loss from unrealizable DTA = $31,000 ($35,000 - $5,000)

b) Like the Allowance for Doubtful Accounts, the DTA Valuation Allowance is a contra-account to the Deferred Tax asset Account. It shows the amount of the deferred tax asset with a more than 50% probability of being lost or unutilized in the future as a result of the non-availability of sufficient future taxable income.

7 0

3 years ago

Privacy laws include governing: agreements about supply and delivery of goods. agreements about supply and delivery of goods. en

lozanna [386]

Answer is given below:

Explanation:

Privacy laws governing the regulation, storage and use of personally identifiable information, personal health information
Privacy laws are considered in the context of an individual's privacy rights or a reasonable expectation of privacy
so that Privacy laws include governing : Data collection, storage, use and permissions

8 0

3 years ago

IKEA advertises throughout the year, but significantly increases its advertising during the back-to-school time frame, thus impl

wel

Answer:

Pulsing

Explanation:

Pulsing is the combination of flighting and persistent booking by utilizing a low promoting level lasting through the year and substantial publicizing during top selling periods.

Product classes that are sold all year yet experience a flood in deals at irregular periods are great possibility for beating.

8 0

3 years ago

Sam Peters is the sole proprietor of Charismatic Cats, a business specializing in the sale of high-end pet gifts and accessori

deff fn [24]

Answer:

Charismatic Cat's Income Statement for the recent year:

Sales $1,060,000

Less Cost of Sales: $662,200

Gross Profit = $397,800

Less Selling & Administration - $114,700

Net Income - $283,100

Explanation:

a) cost of goods sold includes opening inventory plus purchases, including freight-in, less closing inventory:

Beginning Inventory - $19,800

Purchases - $636,000

Freight-in - $19,500

Less Closing Inventory - $13,100

b) Selling and Administration expenses include the cost of website maintenance, cost of shipping and wrapping boxes, and marketing.

c) Cost of goods sold is deducted from the sales to arrive at the gross profit, which compares the sales income with the sales cost.

d) Net income is a sum of gross profit less all the marketing, selling, and administration expenses incurred in running the business. This figure represents the gain made from being in business.

Administration - Website maintenance - $53,000

Selling Expenses - $61,700 (marketing - $33,200 + Wrapping box & shipping- $28,500)

3 0

3 years ago

Mike and Tom debone chicken breasts for Ted's Chicken Co. Mike is new and can only debone 30 chicken breasts per hour, while Tom

vodka [1.7K]

Answer:

Their average hourly productivity as a team for chicken breasts will be

45.

Explanation:

Here, it is given that Mike and Tom debone chicken breasts for Ted' chicken company.

Mike debones 30 chicken breasts,

Meanwhile Tom is having his own experience in this work and knows how to calculate the hourly work

So, Tom allows Mike to debone only 60 chicken breasts per hour.

Now its mentioned that both Tom and Mike had worked 40hrs per week.

So, their average hourly productivity as a team will be:

$frac\ {{30} +{60}} {2}$

⇒ 45

So, their average hourly productivity as a team for chicken breasts will be 45.

7 0

3 years ago