George has obtained a $141,000 5/1 30-year ARM at 5%. During the first 3

Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your reco

Alex787 [66]

Answer: first one

As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.

Explanation:

credit to mohammedalm2

5 0

3 years ago

Hal Gore won a $2.1 million prize for special contributions to environmental research. This prize is awarded for public achievem

ioda

Answer:

1.53 Million

Explanation:

The reason is that the Environment Protection Agency is a qualified organization and donations made to qualified organization are allowable expense under the US tax rules, so the gross income will include a net amount which is the actual amount left for Hal Gore and which is $1.53 million ($2.1 m - 0.57).

8 0

4 years ago

Assume the mpc is 2/3. if government spending decreases by $6 billion, equilibrium gdp will:

ollegr [7]

To calculate the decrease in the GPD, we will have to multiply the decline in the government's spending by the multiplier.

Since the MPC is 2/3, therefore, the multiplier in this case is 3.

Therefore:
<span>if government spending decreases by $6 billion, equilibrium gdp will decrease by 3*$6 billion = $18 billion</span>

3 0

3 years ago

. Gibson Company sales for the year 2019 were $4.5 million. The firm’s variable operating cost ratio was 0.45 and fixed costs (t

MariettaO [177]

Answer:

See solutions below

Explanation:

1. The degree of combined leverage

= (Sales - Variable costs) / EBIT - Interest

Sales = $4.5 million

Variable costs = 0.45 × $4.5 million

= $2,025,000

EBIT = $4,500,000 - $2,025,000 - $1,000,000

= $1,475,000

Interest = 12% × $2,400,000

= $288,000

Therefore,

DCL = [$4,500,000 - $2,025,000] / $1,475,000 - $288,000

= $2,475,000 / $1,187,000

= 2.09

2. Gibson expected degree of leverage

Sales = 15% × $4.5 million

= $5,175,000

Fixed cost = $200,000 + $1,000,000

= $1,200,000

Variable cost = $0.42 × $2,025,000 - $2,025,000

= $2,025,000 - $850,500

= $1,174,500

EBIT = $5,175,000 - $1,174,500 - $1,200,000

= $2,800,500

Interest = $2,400,000 + $900,000

= 12% × $3,300,000

= $396,000

DCL = $5,175,000 - $1,174,500 / $2,800,500 - $396,000

= $4,000,500 / $2,404,500

= 1.66

8 0

4 years ago

As the field of OSCM has advanced, new concepts have been applied to help companies compete in a number of ways, including the a

Lilit [14]

Explanation:

Sustainability can be implemented in different ways in an organization, it can be a set of procedures and policies, through environmental management, environmental management systems, etc.

In the case of products and services, it is very common for the end consumer to realize that a company adopts sustainability through environmental certifications, which is generally represented in the form of a seal on the product packaging.

Environmental certifications are a way for the company to demonstrate its sustainability values to its stakeholders, which strengthens the brand, creates value and reliability in the organization's products and services.

5 0

3 years ago