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pshichka [43]
3 years ago
8

On September 1, year 1, Jackson borrowed $400,000 to refinance the original mortgage on her principal residence. Jackson paid 2

points to reduce her interest rate from 7.5 percent to 7 percent. The loan is for a 30-year period. How much can Mary deduct in year 1 for her points paid?
Business
1 answer:
Mazyrski [523]3 years ago
7 0

Answer:

$88.88 or $89 (Approx)

Explanation:

Each point is equal to the 1 percent so, 2 points is equal to the 2%.

Amount of points paid = Borrowed amount × Points percentage

= $400,000 × 2%

= $8,000

Total number of months = Year × Months in a year

                                        = 30 × 12

                                        = 360

Number of months in the deduction year = September to December

                                                                     = 4

Amount of deduction:

= (Amount of points paid ÷ Total number of months) × Number of months in the deduction year

= ($8,000 ÷ 360) × 4

= $32,000 ÷  360

= $88.88 or $89 (Approx)

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Answer:

A decrease in the price of domestically produced industrial robots will be reflected in the GDP deflator but not in the consumer price index.

<u>Explanation:</u>

Although from the outset, CPI and GDP Deflator might measure something very similar, there are a couple of key contrasts. The first is that GDP Deflator incorporates just local merchandise and nothing that is imported. This is diverse because the CPI includes anything purchased by buyers, including remote merchandise.

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3 years ago
The next 5 questions use the same below information. Company C had the following investment. Help them determine the financial s
valentinak56 [21]

Answer:

$143,600

Explanation:

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Using this formula

Net income for 20X1 = Sales – Expenses + Unrealized gain on short-term investments

Let plug in the formula

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7 0
3 years ago
A compromise can only be reached when ______.
Sergio [31]
The answer is A. When both sides agree. You both have to agree to the same thing or there is no comprimise its just two peoples opinions...

4 0
3 years ago
Read 2 more answers
Multi-product branding is:_______.
Elan Coil [88]

Answer:

b. a branding strategy in which a company uses one name for all of its products in a product class.

Explanation:

Multi-product branding is a branding strategy in which a company uses one name for all of its products in a product class.

Multi-product branding is a business strategy widely used by manufacturers, it involves producing and selling multiple products using the same brand name for all.

For instance, Pears may have Pears diapers, clothing lines, lipstick ranges, shoes, body lotions, eye shadow, foundation etc. They are all different products manufactured and all branded as Pears.

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3 years ago
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Answer:

$ 96,060

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Accounts receivable amounted to $14,025

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