Answer:
$20,000
Explanation:
Calculation to determine what the borrower must make as down payment
Using this formula
Down payment=Cost -(Cost *Maximum loan-to-value ratio)
Let plug in the formula
Down payment=$100,000-($100,000*80%)
Down payment=$100,000-$80,000
Down payment=$20,000
Therefore the borrower must make a down payment of at least: $20,000
Answer:
C. $ 13.31 per machine hour.
Explanation:
Standard variable manufacturing overhead allocation rate is calculated by dividing the Budgeted overhead by the Budgeted level of activity on which the overhead is allocated. It is a rate at which the overhead is allocated to a product / project/ department.
First we need to calculate the standard variable manufacturing overhead allocation rate using machine hours.
Standard variable manufacturing overhead allocation rate = Budgeted overheads / budgeted Machine hours
Standard variable manufacturing overhead allocation rate = $5,325 / 400 machine hours
Standard variable manufacturing overhead allocation rate = $13.3125 per machine hour
Standard variable manufacturing overhead allocation rate = $13.31 per machine hour
<span>I this case, the loan is still valid and at that point Mike would be responsible for finding a way to pay the loan back as agreed upon in the contract. This is called co-signing, when two parties both sign for a loan together. Both parties are responsible for the loan and even though David cannot be found, the loan must still be paid and Mike would be held responsible for this.</span>
Answer:
Cash cows.
Explanation:
In 1970, Bruce D. Henderson developed and created a growth-share matrix for the Boston Consulting Group (BCG). The Boston Consulting Group (BCG) growth-share matrix is a tool used for analyzing and planning product lines in a business unit. It makes use of a graphical representation of a company's product line and services to analyze and make long-term strategic plans on which to invest more on or sell off.
Generally, products are divided into four (4) main categories in the BCG growth-share matrix;
1. Dogs.
2. Stars.
3. Question marks.
4. Cash cows.
In BCG portfolio analysis, products in low-growth markets that have received heavy investment and now have excess funds available to support other products are called cash cows. The cash cows typically generate a great amount of revenue for the company, even more than required to run and maintain the business. Therefore, the company will continue to milk the "cash cows" for as long as possible or it can.
Answer:
True
Explanation:
A partnership business formation may be composed of general partners and limited /silents partners. The general partner is actively involved in managing the day to day business affairs of the partnership business. He or she makes business decisions on behalf of the business.
A general partner has unlimited liability to the obligations of the business. The reason being that he participates in managing the business affairs of the partnership. The general partner is, therefore, personally liable for the debts of the business. His or her properties can be sold to settle the obligations of the partnership. The general partner does not need to have been involved in creating the liability.