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cluponka [151]
3 years ago
8

A home mortgage loan closed on July 1 for $765,000 at 5.5% interest amortized over 25 years at $4,697.77 per month. Using a 360-

day year, what would the principal amount be after the monthly payment was made August 1?
Business
1 answer:
Ronch [10]3 years ago
3 0

Answer:

$763,808.48

Explanation:

The computation of the principal amount after considering the monthly payment is shown below:

But before that first we have to determine the annual interest i.e

= $765,000 × 5.5%

= $42075

Now the one month interest rate which is

= $42,075 ÷ 12 months

= $3506.25

And, the given interest rate per month is $4,697.77

So, now the principal amount is

= $765,000 - ($4,697.77 - $3506.25)

= $765,000 - $1,191.52

= $763,808.48

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Professor Very Busy needs to allocate time next week to include time for office hours. He needs to forecast the number of studen
Serhud [2]

Answer:

b. 77

Explanation:

The formula for forecasting is :

F_{t} = \alpha D_{t-1} + (1 - \alpha) F_{t-1}

where F_{t} is forecast for the period and D_{t} is the actual demand for the period.

Last week forecast is = \alpha * Demand 2 weeks ago + (1 - \alpha) * Forecast 2 weeks ago

0.2 * 65 + (1 - .02) * 90 = 13

Current week forecast is = \alpha * Demand Last weeks + (1 - \alpha) * Forecast Last weeks

0.2 * 50 + (1 - 0.2) * 83  = 77.

6 0
3 years ago
(Deferred Tax Asset with and without valuation Account) Jennifer Capriati Corp. has a deferred tax asset account with a balance
valina [46]

Answer:

a. Income Tax Expense (Dr.) $298,000

Deferred Tax (Dr.) $30,000

Income Tax Payable (Cr.) $328,000

Explanation:

b. Income Tax expense (Dr.) $30,000

Allowance to reduce deferred tax value to NRV (Cr.) $30,000

Income tax payable is calculated based on tax rate of 40%.

$820,000 * 40% = $382,000

8 0
3 years ago
Suppose a stock had an initial price of $87 per share, paid a dividend of $2.15 per share during the year, and had an ending sha
Tamiku [17]

Answer:

Percentage of total return is -7.87

Dividend yield is 2.47%

Explanation:

Rate of return is the rate of income earned during the period in which the investment is held. It includes any income in the form of dividend and price difference.

Dividend received = $2.15

Price difference = Current price  - Initial Price = $78 - $87 = -9

Rate of return = ( ( Dividend received + Price change ) / Initial price ) x 100

Rate of return =  ( ( $2.15 + (-9) ) / 87 ) x 100

Rate of return  = ( -6.85 / $87 ) x 100

Rate of return = -7.87%

Dividend Yield = Dividend / Current Stock price = $2.15 / $87 = 0.0247 = 2.47%

3 0
4 years ago
At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player that normally sells for $55. A
Elden [556K]

Solution :

Computing the net income or loss if the company B realized the special order as given below:

                                  Reject order         Accept order           Net Income

                                                                                          Increase(Decrease)

Revenues                        0                      $ 1,19,040               $ 1,19,040

Cost : Manufacturing      0                    - $ 99,200                - $ 99,200

Shipping                          0                    - $ 14,880                 - $ 14,880

Net Income                     0                        $ 4960                     $ 4960

5 0
3 years ago
18. Which group of words best describes wants?
Nitella [24]

Answer:

B. unlimited, changing, and competing

Explanation:

Wants are the desire to have or own goods and services that give satisfaction. A want is a wish to possess something. The wish or desire may be fulfilled or not. Satisfying wants is through the consumption of goods and services. Consumers have an unlimited desire to have goods and services that have high utility value.

Wants differ in different people depending on their culture , age, social status, gender, and several other factors. Satisfying one need is depended on the individual's willingness and ability to pay for the goods or services that satisfy that need. Satisfying wants requires resources. Because human needs have unlimited wants, it is almost impossible to satisfy all wants with limited resources. Due to the scarcity of resources, competition arises to satisfy the many wants with the available resources.

4 0
3 years ago
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