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Sati [7]
3 years ago
12

15. You have been working for five years after college and are ready to buy your first home. Homes in the area you want to live

in cost $550,000. The biggest mortgage you can afford is $300,000. What is the down payment you will need to pay
Business
1 answer:
PIT_PIT [208]3 years ago
7 0

Answer:

$250,000

Explanation:

the down payment = cost of the house - mortgage  = $550,000 - $300,000 = $250,000

Something is not right with this question, because if you have been able to save $250,000 in 5 years, it means that you saved around $50,000 a year. If you were able to save that much money per year, then you should be able to pay a higher mortgage. The average 30 year mortgage has an APR of a little over 4% (national average between 4.04% - 4.16%). That would result in a monthly payment of around $1,151 including insurance.

So you should either go to another bank (if your salary is really that high) or search a cheaper house.

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Answer: Information Technology

Explanation:

The employee role is directly accountable to ensure that employees are implementing security policies consistently is the information technology staff.

Such individual implements and also maintains security policies, procedures, and standards. The Information Technology staff gives the necessary mechanisms that will be required to enhance the security program.

8 0
3 years ago
Baxter Publishing sought to reduce expenditures related to the printing of books in its trade and educational market and contrac
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Answer:

Ethical and social responsibilities

Explanation:

Ethics is simply defined as an individual's personal beliefs on or about a decision, behavior, or action is right or wrong.organizations engages in ethics training. That is some companies offer employees training on how to cope with ethical dilemmas.

Ethical Behavior are refered to as behavior that adapt or conforms to generally accepted social norms.

Corporate Social Responsibility is simply defined as ideas that individuals who are involved in business should pit into due consideration in the social consequences of economic actions when making business decisions and presumption should be available in favor of decisions that have both good economic and social consequences.

The Approaches to Social Responsibility includes:

1- Obstructionist Stance

2- Defensive Stance

3- Accommodative Stance

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3 0
3 years ago
Parker Company uses the perpetual inventory system. It bought merchandise on account from Beige Inc, invoice no. 342, $20,000; t
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Answer:

b. A debit to Merchandise Inventory of $21,800, a credit to Accounts Payable of $21,800

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The following journal entries records this purchase transaction:  A debit to Merchandise Inventory of $21,800, a credit to Accounts Payable of $21,800

<u>The reason is that with a perpetual inventory system, transportation costs are added directly to the inventory balance</u>

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The purpose of this is to increase economic stability.

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Jessica ulta works as an employee for city service credit union and is responsible for consulting on loans, talking clients thro
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