1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marizza181 [45]
3 years ago
10

A bank advertises a 3/1 ARM at 4.65% with a 3/9 cap. . . What is the maximum interest rate that can be charged during the fifth

year?. . 3%. . 4.65%. . 9%. . 10.65%
Business
1 answer:
IRINA_888 [86]3 years ago
8 0
<span>"a 3/1 ARM" means starting at a fixed interest rate for the first 3 years and the interest rate will adjust every year after the first three years  up to the part where it mentions a "3/9 cap". This on the other hand tells us that the increase will be 3% each time there is an interest rate increase and the max increase is 9%. Hence the answer is 9%</span>
You might be interested in
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
Zepler [3.9K]

Answer:

$738 Under applied

Explanation:

Calculation for Overhead at the end of the year

First step is to calculate for the POR using this formula

POR=Total estimated manufacturing overhead/Estimated direct labor-hours

Let plug in the formula

POR=$540,708/21,980 hours

POR=$24.6/DLH

Second step is to Calculate for the applied Overhead using this formula

Applied overhead =Actual direct labor-hours ×POR

Let plug in the formula

Applied overhead =21,950 hours×$24.6/DLH

Applied overhead=$539,970

The last step is to for the Overhead at the end of the year

Using this formula

Ending Overhead =Actual manufacturing overhead -Applied overhead

Let plug in the formula

Ending overhead =$540,708-$539,970

Ending overhead=$738 Under applied

Therefore the Overhead at the end of the year will be $738 Under applied due to the debit balance.

4 0
3 years ago
A member of the park service believes the average number of cacti per square km in tucson, az in the year 2001 is less than the
tia_tia [17]

Question Continuation

a. What is a subject in this study?

b. What is the explanatory variable and what type of variable is it?

c. Which type of test is most appropriate?

Answer:

See Explanation Below

Explanation:

a.

In research, a subject can be referred to as a person, place, thing, or phenomenon that is being measured of observed. In the question above, the observation is focused on the area of cacti/km² plot of land near Tucson, AZ; hence, it'll be taken as the research subject.

b. Explanatory variables are those variables that are not totally independent and are used to predict or explain differences in the response variable.

Having pointed what an explanatory variable is, we'll list the explanatory variable(s) in the question, using the definition above.

1. Year;

The question compares the growth of cacti per km² in 1970 and 2001. The differences in the growth are then measured in order to determine if there's indeed a growth or a decline in growth of cacti.

Hence, year is an explanatory variable and it's numerical

2. Using the same yardstick, another explanatory variable in the question above is the average number of cacti per km².

It is considered an explanatory variable because it represent the numerical value of cacti present in a km² area.

It is also numerical

c.

The most appropriate type of test in this kind of observation is the independent sample t test.

An Independent Samples t Test takes into consideration the means or averages of two independent groups and then make makes comparison between them in order to determine whether there is statistical evidence that the associated population means are significantly different.

The question compares the average of cactus in 1970 and 2001.

The keyword here is average and that is what is being described by the independent sample t test. I.e. the average of cactus per km² in both years.

5 0
3 years ago
2) If a country, like the US, can produce all of the goods and services needed by
WITCHER [35]

Answer:

See below

Explanation:

Specialization means a company or country concentrating on producing few commodities. In practice, a state or company will focus on the products it can produce more efficiently. It means focusing on goods they can manufacture at a lower cost compared to other countries.  

The USA can specialize in the goods and services it can produce at a lower cost than other nations. It can then export these products to other countries at competitive prices. For products that are costly to manufacture in the USA, it is prudent to import them from countries that can produce them at lower costs.  

Some products manufactured in other countries at a lower cost may be sold in the USA at fair prices than when produced in the USA.

5 0
3 years ago
Jon recently stopped a conflict with his girlfriend, Ana, and said to her, "You don't know how to have a disagreement without lo
barxatty [35]

Answer:

A. Meta-conflict

Explanation:

Based on the information provided within the question it can be said that in this scenario Jon and Ana's exchange is an example of a meta-conflict. This term refers to a disagreement or conflict about how exactly one should engage in a conflict. Which in this scenario both Ana and Jon are arguing that the other is approaching the conflict in the incorrect manner.

5 0
3 years ago
There is a need to develop theories about what kind of fraud has occurred.
Mashcka [7]
A fraud in general terms refers to a wrongful or criminal deception intended to result in a financial or personal gain. This kind of acts should be more observe especially to those people that are done by the wrongful act and theories and some investigation should be done in order to counter the next incident that might happen with the same kind of fraud.
4 0
3 years ago
Other questions:
  • At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally
    7·1 answer
  • Bob and Tom are two criminals who have been arrested for burglary. The police put Tom and Bob in separate cells. They offer to l
    10·1 answer
  • LO 2.2Which of the following would not be classified as manufacturing overhead?
    9·1 answer
  • Consider the economy of Freeland, whose overall actual price index and actual output are P and Y respectively, and the natural r
    11·1 answer
  • Which of the following is/are required to report on business segments? I. Publicly-traded enterprises II. Not-for-profit enterpr
    14·1 answer
  • Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.0
    8·2 answers
  • Christy works for a magazine publishing company. When pressed to meet a deadline, every employee is expected to work together to
    7·2 answers
  • The predetermined overhead rate is multiplied by the actual allocation base incurred by a job to find ______.
    13·1 answer
  • Which marketing activity is most directly served by the promotion element of the marketing mix?
    8·1 answer
  • A professional identity or brand name used by a salesperson and at least one or more other licensees, to provide real estate lic
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!