Answer: The complete table is as follows:
Explanation:
The following are the formulas for calculating marginal product , total revenue and marginal revenue product:
Marginal product = 
Total revenue = Price × Quantity
Marginal revenue Product = Marginal product × Price
By using these formulas, I have completed the following table:
The Graeter's proprietors utilized the four elements of generation to fabricate the business after some time. The four components are arrive, work, capital, and business enterprise. The land is utilized on the grounds that they based the underlying start-up of the organization through their own particular home. They didn't utilize any cash attempting to set up their business.
Answer:
<u>The actual direct labor hours are 45,000.</u>
<u>The overhead rate for Year 2 is $1.74.</u>
Explanation:
Compute the actual direct labor hours:
<u>Therefore, the actual direct labor hours are 45,000.</u>
Compute the overhead rate for Year 2:
<u>Therefore, the overhead rate for Year 2 is $1.74.</u>
<u />
Working note:
Calculate the overhead rate for Year 1:
$352,696 lender stand to lose in the absence of pmi. A borrower may be required to PMI as a condition of obtaining a conventional mortgage loan.
<h3>What is Private Mortgage Insurance (PMI) ?</h3>
Private mortgage insurance (PMI) is a type of insurance that a borrower might be required to buy as a condition of a conventional mortgage loan. When a buyer puts down less than 20% of the home's price, the majority of lenders demand PMI.
In contrast to most insurance types, this one safeguards the lender's investment in the house, not the policyholder. However, PMI enables some people to purchase a home more quickly. PMI makes it possible for people to get financing if they decide to put down between 5% and 19.99% of the home's cost.
It does, however, incur additional monthly expenses. Until they have built up enough equity in the property that the lender no longer views them as high-risk, borrowers must continue to pay their PMI.
Formula for calculating PMI :Divide the loan amount by the property value. Then multiply by 100 to get the percentage. If the result is 80% or lower, your PMI is 0%, which means you don't have to pay PMI.
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