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3 years ago

What is the monthly payment on a $770,000 mortgage? assume a standard 30-year, 5.5% mortgage with monthly payments?

1 answer:

4 0

0.055(interest)×770,000(mortgage)= interest rate of:
$42,350
$770,000(mortgage)+$42,350(interest rate) = mortgage of:
$812,350.

30yrs×12months=
360months in 30years.

$812,350mortgage/360months=
$2,256.5277777... or round up to $2,256.53 monthly payments over the next 30yrs.

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What does an inventor do in a company

KIM [24]

Answer:

Inventors create new products.

Explanation:

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3 years ago

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Answer:

Strategic Human Resources Management

Explanation:

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3 years ago

Smiley Corporation sold equipment costing with of accumulated depreciation for cash. Which of the following journal entries shou

Pani-rosa [81]

The question is incomplete as the figures are missing. The complete question is,

Smiley Corporation sold equipment costing $72, 000 with $66, 000 of accumulated depreciation for $10, 000 cash. Which of the following journal entries should be prepared?

A. debit Cash for $10, 000, credit Equipment for $6000 and credit Gain on Sale of Equipment for $4000

B. debit Cash for $10, 000, debit Accumulated Depreciation - Equipment for $66, 000, credit Equipment for $72000 and credit Gain on Sale of Equipment for $4000

C. debit Cash for $10, 000 and credit Gain on Sale of Equipment for $10, 000

D. debit Accumulated Depreciation - Equipment for $66, 000 and credit Equipment for $66, 000

Answer:

Option B is the correct answer.

Explanation:

To calculate the gain or loss on disposal of the equipment, we first need to determine the book value of the equipment on the date of sale.

Net Book Value = Cost - Accumulated depreciation

Net Book value = 72000 - 66000 = $6000

The gain/(loss) on disposal = Sales Proceeds - Net Book value

The gain/(loss) on disposal = 10000 - 6000 = $4000 Gain

The entry to record this transaction will be,

Cash $10000 Dr

Accumulated depreciation - Equipment $66000 Dr

Equipment $72000 Cr

Gain on sale-Equipment $4000 Cr

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3 years ago

Would you expect holding cost to go down with increases in maximum capacity?

xxTIMURxx [149]

Answer: The answer is given below

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It should be noted that with regard to holding cost, increasing peak capacity will be expected to reduce since the capacity is typically inversely proportional to the theory of the holding cost as there may be a reduction in the holding cost so as to increase the capacity.

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3 years ago

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3 years ago