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Ksenya-84 [330]
3 years ago
7

Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.

5% interest for 30 years. What will be the monthly payments on the loan? (do not use commas or dollar signs in your answer)
Business
1 answer:
Ivan3 years ago
6 0

Answer:

  910.18

Explanation:

After Chin's down payment the amount borrowed is ...

  (1 - 20%)($180,000) = 0.80·$180,000 = $144,000

The amount of the payment is given by the amortization formula ...

  A = P(r/n)/(1 -(1 +r/n)^(-nt))

for P borrowed at rate r for t years, compounded n times per year.

  A = 144000(0.065/12)/(1 -(1 +.065/12)^(-12·30)) = 910.18

The monthly loan payments will be 910.18.

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Winston Company’s high and low level of activity last year was 60,000 units produced in April and 20,000 units produced in Decem
sergejj [24]

Answer:

$36,000.

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High Machine maintenance costs - low Machine maintenance costs) ÷ (High activity level - low activity level)

= ($52,000 - $20,000) ÷ (60,000 units - 20,000 units)

= $32,000 ÷ 40,000 units

= $0.8

The variable cost equal to

= High activity level × per unit variable cost

=  60,000 units × 0.8

= $48,000

So, the fixed cost would be

= Total cost - variable cost

= $52,000 - $48,000

= $4,000

For 40,000 units, total maintenance cost would be

= Number of units  × per unit variable cost + Fixed cost

= 40,000 units × $0.8 + $4,000

= $32,000  + $4,000

=$36,000

8 0
3 years ago
The ________ is used to study the course of a product's sales and profits for the duration that it is produced and sold in the m
Eva8 [605]

Answer:

The correct word for the blank space is: product life cycle.

Explanation:

The product life cycle is the period of time during which a product is conceived and developed, brought to market and late removed from the market. The cycle includes four (4) stages: <em>research and introduction, promotion and growth, maturity, </em>and <em>decline</em>.

8 0
4 years ago
Justin is the grantor of an ILIT. When he dies, his estate needs cash for funeral costs, final medical expenses, death taxes, et
slavikrds [6]

Answer:1 the answer is d, 2. The answer is d, 3.The answer is C, 4. The answer is d, 5. When the policy holder does not dies within the years in which the policy was taken

Explanation:

1.Trust is a group of people which has the authority to manage a asset of the owner of the asset after the death of the owner of such asset. The trustee take over the management of the asset that is the properties of the owner after the death of the owner.

2.The major type of insurance are motor vehicle insurance, fidelity guarantee insurance, fire insurance, burglary theft or robbery insurance, Accident insurance, life insurance such as joint life insurance, whole life insurance,term insurance, Annuity insurance, indexed universal life insurance.

3.Annuity insurance : This is the insurance policy in which the insured pays a lump sum of money in form of premium to the insurance company which matures at the retirement of the insured .the insurance company makes regular payment of income to the policy holder on his retirement for a specified period or for the rest of his life depending on the agreement reached and the lump sum paid by the insured.

4.The joint life insurance is the insurance policy which can be jointly taken by two people, the insurance company pays a lump sum to the person who has not died out of the two people that take the policy if the first person out of the two person that takes the policy dies within the period in which the policy was taken with the insurance company.

5. Incident of ownership is the right given by the insurance company to the insured to change the beneficiary listed by the insured on the life insurance policy taken by the insured with the insurance company. The insured can exercise his right under this measures to change the names of the beneficiaries who will receive the benefits after the death of the insured.

6 0
4 years ago
Which two actions can be taken immediately during the management review and problem-solving meeting?
Arte-miy333 [17]

The action which can be taken during the management review and problem solving meeting is that, "combining teams in order to increase the velocity."

During the management review and problem-solving meeting combining teams to increase velocity provides the team direction and ensure the path is as obstacle free as possible. Also, to negotiate scope changes and resolve other problems by agreeing to various planning adjustments.

The key objective for problem solving meetings is to find the most optimal solution which can resolve an issue facing the group or organization. Management review is a systematic assessment to 'measure the effectiveness of the organizations' management system.

Hence, the action which can be taken during the management review and problem solving meeting is to combine teams in order to increase the velocity.

To learn more about management review and problem-solving meeting here:

brainly.com/question/17073115

#SPJ4

6 0
2 years ago
SnapShot Company, a commercial photography studio, has just completed its first full year of operations on December 31, 2015. Ge
jek_recluse [69]

can only add 5 attachments. the chart is missing

4 0
3 years ago
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