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3 years ago

The amount borrowed when taking out a loan

Business

1 answer:

ankoles [38]3 years ago

6 0

Answer:

What is the cost of borrowing?

The maximum amount participants may borrow from their plan is 50% of the vested account balance or $50,000, whichever is less. If the vested account balance is less than $10,000, you can still borrow up to $10,000.

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Jordan has the following assets and liabilities: Two cars $10,000 House $200,000 Mortgage $100,000 Cash $1,000 Car loans $3,000

kirill [66]

Answer: B. increase to $209,000;increase to $209,000

Explanation:

If he uses that money to pay off his mortgage, his wealth would increase to $209,000 if he puts that money in his checking account, his wealth would increase to $209,000.

A person's wealth is calculated by deducting their liabilities from assets. In this case Jordan's wealth is;

= 10,000 + 200,000 + 1,000 + 2,000 - 100,000 - 3,000 - 1,000

= $109,000

If he pays off the Mortgage his debt will reduce by $100,000 which will increase his wealth to $209,000.

If he puts the money in his checking account, his assets will increase by $100,000 which will bring his wealth to $209,000 as well.

7 0

3 years ago

Strategic behavior is required to win a presidential election. For each example below, indicate if it is a rule, strategy, or pa

rosijanka [135]

Answer:

The Guidelines for how votes are counted and who can vote is a rule, it is backed up by the constitution as a way of directing the masses.

Choosing to campaign in states with a large number of electoral votes or so called swing states is a strategy, this involves coming up with the best approach or means to win in an election. Going to such states is a big strategy towards securing victory.

Emphasizing different messages to different voter groups is another strategy, this entails telling each of the people things that are their most needs in a bid to convince them to vote for you. It is a strategy that has always worked.

Securing endorsements and large campaign contributions is a payoff, it is an aftermath of popular acceptance by the people.

Limits on sources of fundraising and campaign contributions is a rule established by the states to encourage fair play in the electoral system or process.

Explanation:

see Answer

4 0

3 years ago

Go Fly A Kite is considering making and selling custom kites in two sizes. The small kites would be priced at $10.70 and the lar

ivanzaharov [21]

Answer:

Operating cash flow = $20,990

Explanation:

Go Fly A Kite

Operating Cash Flow

small kites large kites Total

Sales Volume 2,700 1,730 4,430

Sales per unit $10.70 $23.70 -

Sales Revenue $28,890 $41,001 $69,891

Less: Variable expense $(13,905) $(19,549) $(33,454)

Contribution Margin $14,985 $21,452 $36,437

Less: Fixed expense $(2,120)

Net operating income $34,317

Therefore, operating cash flow = net operating income after tax + depreciation

operating cash flow = $34,317 × (1 - 0.40) + ($1,000 × 0.40)

Hence, operating cash flow = $20,590 + 400 = $20,990

3 0

3 years ago

Joe takes a dollar from the cash register every day and does not tell anyone about it. Sara’s cash register is $2 short because

KonstantinChe [14]

Well, obviously Sara is the better employee because she's being honest and tells the boss about her mistake. Joe is not a good employee, becuse he is stealing and doesn't tell anyone about it so, your answer is Sara is the better employee. Hope it helps!

6 0

3 years ago

Read 2 more answers

Choose the correct way term to complete each sentence on goods and services. Ida has many errands to do today. First, she goes t

andreev551 [17]

Answer:

Explanation:

Goods are tangible items that that can be bought at a price while services is defined as intangible benefits that is provided . However , they both provide value and satisfaction to the buying party

A shirt in the scenario is an example of a good as it was a tangible product that did not perish immediately.

The restaurant experience is a service as she chose to go there in order to sit and relax , in addition to buying the food stuff which could have been bought in a grocery store. The sitting and relaxing was an intangible product that expired (perish) as soon as she left the restaurant which qualifies it as a service

4 0

3 years ago