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JulijaS [17]
3 years ago
11

A few years ago, Simon Powell purchased a home for $110,000. Today, the home is worth $150,000. His remaining mortgage balance i

s $50,000. Assuming that Simon can borrow up to 80 percent of the market value, what is the maximum amount he can currently borrow against his home?
Business
1 answer:
grigory [225]3 years ago
4 0

Answer:

$70,000

Explanation:

According to the given situation, the computation of the maximum amount is shown below:-

The Amount available for borrowing = (Current value of home × Borrowing percentage) - Mortgage balance

= ($150,000 × 0.80) - $50,000

= $120,000 - $50,000

= $70,000

Therefore for computing the maximum amount we simply applied the above formula.

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If a company provides an online service that delivers physical products and services but does not exist as a brick-and-mortar st
grin007 [14]

Answer: a. an e-brand brand

Explanation:

An e-brand is one that provides just an online service for merchandise sales. These companies do not have physical locations but rather show you all that they sell on their websites and then when you purchase something, they deliver it as a physical good. The most popular example of such is Amazon.

The advantage of such brands is that they get to save on the rental and other property costs related to establishing brick-and-mortar stores because they are online.

3 0
3 years ago
Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.7 percent and annual payments. The yield to maturity is 8.9 perc
Anna [14]

Answer:

Bond price= $1,793.62

Explanation:

Giving the following information:

Face value= $2,000

Number of periods= 17

Cupon rate= 0.077

YTM= 0.089

T<u>o calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 154*{[1 - (1.089^-17)] / 0.089} + [2,000/1.089^17)

Bond Price​= 1,324.21 + 469.41

Bond price= $1,793.62

3 0
3 years ago
Last week David spent $12,500 on advertising. This week he plans to spend twice as much. Next week he wants to spend half of wha
fiasKO [112]

Answer:   $18,750.00

Explanation:   So what you'll do is (12,500 * 2) + 12,500 / 2 = 18,750

4 0
3 years ago
A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina cons
artcher [175]

Answer:

Martina

Javier :

Kama

Explanation:

The people that would participate in the market are those whose willingness to pay is higher than the market price for the grill.

The willingness to pay is the highest amount a person would be willing to pay for a good

Martina : $400 > $300  would participate

Javier : $350 > $300 would participate

Kama : $320 > $300 would participate

Lina : $200 < $300 would not participate

5 0
3 years ago
The process of developing and maintaining a crucial fit between the organization's goals and capabilities and its changing marke
lyudmila [28]

Answer:

Strategic planning

Explanation:

Strategic planning is a systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Strategic planning begins with the desired-end and works backward to the current status.

A well-written strategic plan can play a pivotal role in your small business’s growth and success because it tells you and your employees how best to respond to opportunities and challenges.

3 0
3 years ago
Read 2 more answers
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