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
igomit [66]
3 years ago
12

Question 7 Which combination of factors would result in the lowest monthly mortgage payment? A Big down payment, a longer term l

oan, and low interest rate B Small down payment, a shorter term loan, and high interest rate C Small down payment, a shorter term loan, and small interest rate D Big down payment, a shorter term loan, and high interest rate
Business
1 answer:
Sauron [17]3 years ago
3 0
<span>A combination of a big down payment, a longer term loan, and a lower interest rate is expected to result into a low monthly mortgage payment.</span><span />
You might be interested in
Which statement is true about reporting receivables on the balance sheet?
MAVERICK [17]
<h3>Answer:</h3>

D. Allowance for Doubtful Accounts is shown as a deduction from Accounts Receivable on the balance sheet.

<h3>Explanation:</h3>
  • Balance sheet is a statement of account that shows the number of assets, liabilities, capital and net profit or loss in an organisation.
  • Receivables refers to the amount that the seller ios owed by the customers or buyers.
  • Therefore, receivables are current assets in a business and are listed on the left side of the balance sheet.
  • Allowance for doubtful accounts is listed as a deduction below the accounts receivable as it is a reduction of the total amounts on accounts receivable.
3 0
3 years ago
Whispering Company sells goods that cost $301,000 to Ricard Company for $402,000 on January 2, 2020. The sales price includes an
Jobisdone [24]

Answer:

The amount of revenue to be recognized at 31st March is $383500

Explanation:

The revenue amount that should be recognized in the income statement as at March 31,2020 is the  sales price of $365000 plus three months of installation fee since installation is expected to last six months and three months have passed since installation began.

Hence, the amount of revenue as at 31st March is calculated thus:

Sales price                                                                     $365000

Installation fee for 3 months(3/6*$37000)                   <u>$18500</u>

Total revenue as at 31st March                                    $ 383,500

The rationale behind this is that revenue is only recognized when the seller has discharged his or her obligation under the contract not when cash is received and it is very clear that installation has been undertaken for 3 out of 6 months

7 0
3 years ago
Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares. Be
expeople1 [14]

Answer: $15,060

Explanation:

From the question, we are informed that Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares.

We are further told that Ben sold his shares to Joe for $10,000 on March 31, 1998 and that the corp. reported a $50,000 loss at the end of 1998. The loss that will be allocated to Joe will be:

= $50,000 × 40% × 9/12

= $50,000 × 0.4 × 0.75

= $15,000

The closest figure we have close to that is $15,060 which is option B

7 0
3 years ago
W gave w's age as 50 when w purchased a life policy. at the time of w's death seven years later, the company discovered w's true
kvasek [131]

The normal procedure under the misstatement of age provision in regard to the payment of the death claim is that the procedure would be reduced based on the premium in which whatever it would have been if this has been purchased at the age of fifty nine years old.

<span />
3 0
3 years ago
Read 2 more answers
What are the biggest problems of scarcity in the US? What problems have they caused? How does scarcity impact you?
liraira [26]

Answer:

Many people believe that the United States is the land of opportunity, and that anyone can succeed

with hard work and intelligence. Concurrently, we often assume that people are poor because they lack

the willpower or intellect to work hard and make the correct decisions. However, new research shows

how a scarcity of resources, including financial resources, shapes everyone’s decisions and behaviors

Explanation:

4 0
3 years ago
Other questions:
  • The flynns' monthly budget allowed them to spend $555 for household expenses. during june and july they had a room in their home
    7·1 answer
  • In one state, a mortgagee holds legal title to real property offered as collateral for a loan, and the mortgagor retains the rig
    12·1 answer
  • Last year’s sales were $9,815,000 and are projected to increase by 4.5% for next year. Last year’s expenses were 41% of last yea
    14·1 answer
  • The Fed decides the percentage of __________ that banks are required to hold as reserves.
    8·2 answers
  • What is 25 x 5? please help i cant do?
    7·1 answer
  • Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the
    11·1 answer
  • If $1,500 is invested at 3% interest, how much money must be invested at 6% so that the total return for both investments is $19
    13·1 answer
  • Rachel is deciding whether to remain in the home she has lived in for the past ten years, which is located very near her work, o
    6·1 answer
  • What are goods or services state taxes provides
    13·1 answer
  • Supplied goods costing
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!