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Tomtit [17]
3 years ago
12

A borrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. The first two years of the loan

have a "teaser" rate of 4%, after that, the rate can reset with a 2% annual rate cap. On the reset date, the composite rate is 5%. What would the Year 3 monthly payment be? Group of answer choices
Business
1 answer:
Lana71 [14]3 years ago
8 0

Answer:

$1,067 is the correct answer.

Explanation:

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Precision Paper Products produces both paper towels and paper napkins. The production process begins with the receipt and pulpin
alexdok [17]

Answer:

d. The maintenance costs associated with the napkin folding machine.

Explanation:

The cost that required one or more processors to produced a final product is known as joint cost

Here in the given question, the maintenance cost is not considered to be a joint cost as this cost are associated with the paper napkins

Also, the pulping, screening, rolling, etc are considered to be joint cost

Hence, the correct option is d.

4 0
3 years ago
The present value factor for an ordinary annuity at 10% for 6 periods is 4.3553. The lease does not transfer the property to Whi
gogolik [260]

Complete question:

On January 1. Year 1. White Co. sold a property with a remaining useful life of 20 years to Blue Co. for $900.000. At the same time. White entered into a contract with Blue for the right to use the property (leaseback) for a period of 6 years. with annual rental payments of 580.000 that approximate the market rental payments for similar properties. On January 1. Year 1. the carrying amount of the property was 5680.000. and its fair value was 5770.000. A discount rate for the lease of 10% is used by both White and Blue. The present value factor for an ordinary annuity at 10% for 6 periods is 4.3553. The lease does not transfer the property to White at the end of the lease term and does not include a purchase option.  

What amount of lease expense for the right of use of the property is recognised by White in Year 1 ?

A. $0

B. $130,000

C. $90,000

D. $220,000

Answer:

$90,000 amount of lease expense for the right of use of the property is recognised by White in Year 1

Explanation:

If the leaseback is known as an operating lease, the original transition to the buyer-lessor of the asset should be taken into account as the selling of an asset, given that all the income identification requirements have been fulfilled.

If the deal is of equal value, the lender lease is informed of the gain or loss of sale between the purchase price and the sum of the land that is held. Yet this is not a equal value trade. The property's sale price is higher than its market value. Accordingly, the income or loss on sale seems to be the difference between the equal worth and the value of the land.

Therefore, on 1 January, White records a benefit of $90,000 in revenue of $770,000 (fair value of $680,000 in carrying amounts)

4 0
3 years ago
In the context of the external environment of a firm, which of the following statements is true of environmental scanning? A. Ma
Ludmilka [50]

Answer: A. Managers scan their firm's environment to reduce uncertainty.

Explanation: In the context of the external environment of a firm,  managers scan their firm's environment to reduce uncertainty. In doing so, they stay up to date on important factors in their industry which helps to reduce uncertainty. Environmental scanning simply involves searching for cues, important happenings, events, issues etc. that might affect an organization either positively or negatively.

8 0
3 years ago
Read 2 more answers
Which of the following statements about credit scores is TRUE? A Credit scores reflect how likely individuals are to repay their
alex41 [277]
I believe it would be D. all of the above
6 0
3 years ago
Khadimally, Incorporated, expects sales of $763,500 next year. The net profit margin is 5.3 percent and the firm has a dividend
Nutka1998 [239]

Based on the expected sales, net profit margin, and dividend payout ratio, the projected increase in retained earnings for Khadimally Inc, is $33,181.71.

<h3>What is the projected increase in retained earnings?</h3>

First find the expected profit:

= Sales x Net profit margin

= 763,500 x 5.3%

= $40,465.50

The projected increase is:

= 40,465.50 x (1 - 18%)

= $33,181.71

Find out more on retained earnings at brainly.com/question/25998979.

3 0
2 years ago
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