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shtirl [24]
3 years ago
5

Mike is applying for a home loan and wants to buy a house worth $150,000 in a neighborhood close to his work. however, he only h

as $15,000 toward the down payment. mike may be required by the lender to
Business
1 answer:
hichkok12 [17]3 years ago
6 0

Pay PMI (private mortgage insurance) which is the amount the lender charges to protect their interests in case the borrower stops paying and defaults on the loan.

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Explain why entertainers and athletes can charge so much for their events.
Usimov [2.4K]
Because they are most likely a professional and have knowledge of the specific activity from either college or doing it Him/Herself what they're doing when it comes to the aspect in which they are teaching training etc.Therefore they charge extra from prior knowledge of the activity.
3 0
3 years ago
Bonita Company has a factory machine with a book value of $87,800 and a remaining useful life of 5 years. It can be sold for $32
qwelly [4]

Answer: Old machine should be replaced.

Explanation:

The variable manufacturing cost will reduce by:

= 624,000 - 524,000

= $100,000

Over a period of 5 years this will be:

= 100,000 * 5

= $500,000

Selling the old machine would bring in $32,000:

= 500,000 + 32,000

= $532,000

The cost of the new machine would reduce this gross benefit by:

= 532,000 - 455,100

= $76,900

<em>Net income will increase by a total of $76,900 over the 5 year period if the new machine is bought so it should be bought. </em>

4 0
3 years ago
What car should i get a B.M.W or Infiniti. For my 15th birthday? I can't choose tbh i want both.,
LenaWriter [7]

Answer:

You should get a BMW

Explanation:

They make really cool cars and they are fast. Hope this helps :)

4 0
3 years ago
Read 2 more answers
Jonas, an individual, acquired a building nine years ago for $650,000. He sold it in the current year for $680,000 when its adju
lakkis [162]

Answer:

Jonas must recognize a long term capital gain = $680,000 - $500,000 = $180,000

Since this gain is originated from the sale of a property, it will be considered a capital gain. If the property was held for less than a year before it was sold it would be considered a short term capital gain, but in this case the property was held for 9 nines, therefore, it is considered a long term capital gain.

5 0
3 years ago
If the findings and the results are not presented properly, the research completed was a waste of time and money. True False
Mekhanik [1.2K]

The correct answer is true


5 0
3 years ago
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