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Lelechka [254]
3 years ago
11

What is home equity?

Business
2 answers:
Pie3 years ago
5 0

Answer:

B.) The difference between a home's market value and the homeowner's outstanding loan amount

shepuryov [24]3 years ago
3 0
Difference between the purchase price of the home and its current market price
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Your sister is thinking about starting a new business. The company would require $300,000 of assets, and it would be financed en
Radda [10]

Answer: $40,500

Explanation:

The company would be expected to make a net income of 13.5% of the amount invested in assets.

ROE = Net income / Equity

Net income = ROE * Equity

Assets are the same as equity in this scenario because the company is entirely funded by equity.

= 13.5% * 300,000

= $40,500

5 0
3 years ago
Suppose that a sample of 200 accounts receivable entries at a large mail-order firm had a mean price of $846.20 and a standard d
Ann [662]

Answer:

[ $591.08, $1101.32 ]

Explanation:

Given:

Sample space = 200

Mean price = $846.20

Standard deviation, σ = $1,840.80

Confidence level = 95%

Now,

Confidence interval is given as:

⇒ Mean ± z\frac{\sigma}{\sqrt{n}}

here, z value for 95% is 1.96 from the standard z table

Thus,

Confidence interval

⇒ $846.20 ± 1.96\times\frac{\$1,840.80}{\sqrt{200}}

or

⇒ $846.20 ± 1.96\times\frac{\$1,840.80}{\sqrt{200}}

or

⇒ $846.20 ± 255.12

or

⇒ [ $846.20 - 255.12, $846.20 + 255.12 ]

or

⇒  [ $846.20 - 255.12, $846.20 + 255.12 ]

or

⇒ [ $591.08, $1101.32 ]

8 0
3 years ago
Harry is a citizen and resident of Saudi Arabia. During the current year, Harry never visits the United States, nor does he hold
rjkz [21]

Answer:

The source of income is the capital gain realized when Harry sold the stocks of Extel Corporation. Generally, nonresident aliens (like Harry) are subject to a 30% tax on all their US income sources. E.g. if Harry made a capital gain of $1,000 when he sold the stocks, he will need to pay $300 to the IRS.

Some exemptions apply to foreign students, resident aliens or people that work for foreign governments, but Harry doesn't fit in any of these categories.

7 0
3 years ago
What is the opportunity cost of studying for an important exam
Setler [38]
What ? Getting a good grade I guess or $20 for A+
5 0
3 years ago
Rank these jobs in the Law, Public Safety, and Security career cluster based on years of schooling required, from most to
tatuchka [14]

Answer:

The correct answer is the third option: Lawyer - Probation Officer - Firefighter

Explanation:

First of all, the lawyer is the one who requires more years of schooling due to the fact that in order to be it the person must go to college after graduating from high school. Secondly, the probation officer is formed during years as well. And finally the firefighter is the one who does not need so many years of schooling because the person can go and have the training to be it right after he finished high school.

3 0
3 years ago
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