Answer:
$3,740
Explanation:
The computation of net operating income is shown below:-
Contribution margin = Sales × CM ratio
= $318,000 × 18%
= $57,240
Net operating income = Contribution margin - fixed assets
= $57,240 - $53,300
= $3,740
So, we have applied the above formula.
Hence, the net operating income is $3,740 and the same is to be considered
When decisions are made by majority rule, elected officials have a strong incentive to <span>keep taxes low, run budget surpluses, and spend taxpayer funds wisely. When majority rules in a vote elected officials are typically in a much better standing with the voters and have time to focus on what's important and how to spend their funds wisely versus trying to spend money to win them over. </span>
The answer is a particular method of preparing fish and other seafood. The most celebrated Veracruz dish for the Mexicans is the Huachinango a la Veracruzana. It is a heated entire fish canvassed in a tomato based sauce enhanced with generally European fixings, for example, olives, garlic, tricks and that's only the tip of the iceberg.
Answer:
13.44%
Explanation:
Debt to total assets = Total Debt / Total Assets
45% = Total debt / $230,000
Total Debt = $230,000 x 45% = $103,500
As we know
Assets = debt + Equity
$230,000 = $103,500 + Equity
Equity = $230,000 - $103,500 = $126,500
Return on Equity is the measure of financial performance which can be calculated by dividing net income for the year by total shareholder's equity.
Return on equity = Net income for the year / Shareholders equity
ROE = $17,000 / $126,500 = 0.1344 = 13.44%
According to the Question,
Loan amount = 300000 - 15000 = 285000
Periodic loan payments are made by
- P = L [r ( 1 + r ) ²n ] / [ ( 1 + r )² n - 1 ]
- r - Rate of interest = 0.065/12
- L - Amount of Loan Taken = 285000
Periodic Payment = 285000 × ( 0.065/12 ) × (1 + ( 0.065 / 12 )² 360) / (1 + ( 0.065 / 12)² 360 - 1 )
= 1801.39
Monthly payment = $ 1801.39
Therefore the Correct Response is Option D
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Correct Question - Suppose You Are Buying Your First Condo For $300,000, And You Will Make A $15,000 Down Payment. You Have Arranged To Finance The Remainder With A 30-Year, Monthly Payment, Amortized Mortgage At A 6.5% Nominal Interest Rate, With The First Payment Due In One Month. What Will Your Monthly Payments Be?
a. $2,215.71
b. $1,459.13
c. $1,369.06
d. $1,801.39
e. $2,179.69