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guajiro [1.7K]
3 years ago
7

Show what you need for each of your calculator keys when computing your answer.

Business
1 answer:
ddd [48]3 years ago
3 0

Answer:

           \large\boxed{\large\boxed{\$10,470.57}}

Explanation:

The monthly payment to pay a loan with constant rate is given by the formula:

      Payment=Loan\times \bigg[\dfrac{r(r+1)^t}{(r+1)^t-1}\bigg]

Where:

  • r is the monthly compounded rate and it is equal to the APR (annual percentage rate) divided by 12: r = 5.5%/12 = 0.055/12

  • t is the number of months: t = 60

Then, you can subsitute with the maximum payment to find the <em>maximun amount you can afford  to borrow</em> (loan):

     \$200=Loan\times \bigg[\dfrac{(0.055/12)((0.055/12)+1)^{60}}{((0.055/12)-1)^{60}-1}\bigg]

      \$200=Loan\times 0.01910116

     Loan=\$200/0.01910116=\$10,470.57

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Savant Homes, Inc., is a custom home designer and builder. Using what it called the Anders Plan, Savant built a model house in W
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Answer and Explanation:

There is no copyright infringement here. Savant homes had not taken a copyright protection for the design prior to this time. Also in the case it was found that the design is not in fact a unique design by Savant homes as it is used widely and was common before savant homes used it. And so it was a dummy model for everyone to copy from. Therefore the infringement was considered invalid as there was no ground for savant homes to claim it as am intellectual property

5 0
3 years ago
How much should you save each year for maintaining your home
slega [8]

Answer:

According to the one percent rule, you should set aside at least one percent of your home's value every year for home maintenance. For a $360,000 house, this works out to $3,600 per year, or $300 per month.

6 0
2 years ago
Read 2 more answers
If a firm accepts less than all of its prospective projects with positive NPVs when evaluated at their own risk-adjusted costs o
gtnhenbr [62]

Answer: True

Explanation:

  Yes, the given statement is true that the employing capital rationing is one of the process in which it placing some restriction on the investment amount of the project in an organization.

 In the capital rationing strategy, if the company accepts less amount from all its prospective projects along with some positive net profit value (NPVs) the it is evaluated on the basis of their own risk.

 The employ capital rationing helps in making various types of decisions related to investment for the company and in this system only limited projects are taken due to the limitation of the resources.  

 Therefore, The given statement is true.

3 0
3 years ago
At the beginning of 20x1, Sun Angel Corporation began offering a two-year warranty on its products. The warranty program was exp
Anettt [7]

Answer:

The correct answer is 1,900,000 dollars.

Explanation:

This question requires us to calculate the amount that the Sun angel will recognize as warrantly liability in it balance sheet for the year ended at 20x1.

The sales made during the year is 180 millions dollars. So the company will recognize the provision as follow (during the year)

(180M * 4%= 7.2M)

Debit Warrantly Expense    $7.2M

Credit Liability                      $7.2M

Claim entertain during the year that has reduce the above recognize liabilty is

Debit Liabilty                    $5.3M

Credit Cash                      $5.3M

Liability to be reported = $7.2M - $5.3M = 1,900,000 dollars

6 0
3 years ago
In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $8. On March 1, it had zero
pochemuha

Answer:

A) the total units to be accounted for = 23,980 + 4,600 = 28,580 units

B) the total material equivalent units = 23,980 finished units + 4,600 = 28,580 units

total conversion equivalent units = 23,980 finished units + (4,600 x 30%) = 23,980 + 1,380 = 25,360

C) cost reconciliation schedule:

Cost accounted to finished goods 23,980 x (12 + 8) = $479,600

Cost of material in process  

material work in process  4,600 x 12 = $55,200  

conversion cost in process  1,380 x 8     = $11,040

<u>                                                                                                  $66,240   </u>

total cost                                                                                 $545,840

3 0
3 years ago
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