1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vladimir [108]
4 years ago
9

Pamela is getting ready to purchase her first condominium. To get ready for the mortgage process, she gathers her Excel spreadsh

eets that contain all of her financial information. Pamela needs to borrow $30,000 as a down payment for her condominium. This amount will be the ____.
Business
1 answer:
Rashid [163]4 years ago
8 0

Answer:

Principal.

Explanation:

Principal is the amount that is borrowed when a person collects a loan. It is the amount that is paid back with interest during the life of the loan. Interest is the cost of the loan collected.

For example if one collects a loan of $100 with interest payment of 10%. They will pay back the principal ($100) and the interest ($10) that is $110.

The $30,000 that Pamela borrows is the principal amount. That she will payback with interest over the life of the loan.

You might be interested in
CosA=1/2^-1.find the value of A<br><br>​
Airida [17]

Answer:

A = 60°

Explanation:

Since cosA = 1/2, to find the value of A, we take the inverse cosine of both sides.

So, cosA = 1/2

So, taking inverse cosine of both sides, we have

cos⁻¹cosA = cos⁻¹(1/2)

So, A = cos⁻¹(1/2)

Using our calculator, taking cosine inverse of one-half, we find that, cos⁻¹(1/2) = 60°

Since cos⁻¹(1/2) = 60° and A = cos⁻¹(1/2)

This implies that A = 60°

So, we find that the value of A is 60°.

6 0
3 years ago
C. If the marginal cost of a gallon of milk increases, how will the household respond?
Stella [2.4K]

Answer:

If the marginal cost of a gallon of milk increases, how will the household respond?

C. The household will continue to consume the same amount.

Explanation:

The increase in the marginal cost of a gallon of milk will not greatly alter the quantity of milk consumed by a typical household.  At this initial point when the marginal cost of a gallon of milk increases, the household is not affected because the seller has not shifted the cost to consumers.  Even when the marginal cost increase is shifted to the consumers, the quantity required by the household remains the same.  What may likely change at that stage is that the price at which the a household buys a gallon of milk increases marginally.  The marginal increase will not distort demand for milk but households can change brands and not the quantity of milk, or at worst, they pay a higher price for a gallon.

5 0
4 years ago
EA2.
motikmotik

Answer:

$40

Explanation:

Overhead per machine hour = Overhead ÷ 250,000 machine hours

= $750,000 ÷ 250,000

= $3

Cost of each unit:

= Direct material + Direct labor + Overhead

=  $14 + $20 + (machine hours per unit × Overhead per machine hour)

= $14 + $20 + (2 × $3)

= $40

Therefore, the cost of each unit produced is $40.

7 0
4 years ago
ABC Company's preferred stock pays a constant dividend of $2 per share in perpetuity (Zero Growth). If the required return is 8%
mezya [45]

Answer:

Price per share of preference share = $25

Explanation:

Preference dividend is generally fixed, and does not change as there is a standard rate prescribed at the time of issue of preference shares.

Provided here is, dividend for preference shares = $2

Expected return each year = 8%

Expected growth = 0%

Thus, cost or price per share of preference stock = Dividend/Expected Return = $2/8% = $25 each share.

6 0
3 years ago
The Federal Reserve S role as a lender of last resort involves lending to which of the following financially troubled institutio
ANTONII [103]

Answer: U.S. banks that cannot borrow elsewhere

Explanation:

Lender of last resort is.a situation that occurs when the central bank in a country gives loans to the commercial banks in the country when they are going through financial difficulties.

In this scenario, The Federal Reserve S role as a lender of last resort involves lending to U.S. banks that cannot borrow elsewhere.

5 0
4 years ago
Other questions:
  • how is a functional structure or unitary structure organized? A. With a central executive handling all major decisions B. To lig
    11·1 answer
  • The marketing manager of an organization decides to have an open conversation with his team members about the influence of cost
    7·1 answer
  • The act of retaining or keeping something
    6·1 answer
  • Roberto just retired, and has $690,000 to invest. A very safe Certificate of Deposit (CD) account pays 2.5%, while a riskier bon
    15·1 answer
  • Which are two features of a bond?
    14·1 answer
  • Lyric Company issued a 90-day zero-interest-bearing note with a face amount of $3,000. The present value of the note is $2,855.
    14·1 answer
  • What type of money does jewelry represent?
    15·2 answers
  • What is Fictitious assets ???<br>what is contingent liability???​
    13·1 answer
  • Explain the act you researched performed by a corporation that is legal but strikes you as wrong or unethical.
    8·1 answer
  • Customers are more likely to tell their friends about negative experiences with companies than positive ones because:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!