Answer:
He would encourage her to cut the cost on her apartment, by choosing a cheaper apartment.
Explanation:
According to the statement in the question, Mariah saved a total of $15,000, and wishes to make a down payment of $10,000 on house alone. $10,000 is approximately 67% of the total savings. From further description of the house, we find out that she has a spare bedroom in her apartment which she will also pay for as part of the house payment but she will not use, and Mariah is single. If $10,000 dollars go into her apartment alone, the balance of $5,000 dollars will be insufficient to pay for the other expense which includes; the cash outflow of $2,800, the contribution to a retirement plan, care and life insurance policies and purchase of furnishings, not to talk of the other bills like groceries, cable, water etc. even with her monthly income of $3,200, she will run into debt. Hence she will be advised to settle in a cheaper apartment.
Answer:
The correct answer is letter "E": benchmarking.
Explanation:
Benchmarking refers to a study a company makes of the best performers of its industry in an attempt to identify their strategies so they can be compared to the ones of the firm conducting the research. The comparison aims to spot improvement areas and to adapt the good practices according to the business operations. Benchmarking should be conducted periodically by institutions that attempt to keep up to the pace of leading competitors.
Answer: = $2,731.14
Explanation:
First find the annual payment.
The payment will be constant so is an annuity.
Present Value of an Annuity = Payment * Present Value Interest Factor of an annuity
4,000 = Payment * PVIFA( 3 periods, 5%)
4,000 = Payment * 2.7232
Payment = 4,000 / 2.7232
Payment = $1,468.86
This annual Payment is divided into an interest component and a component going towards principal repayment.
Interest component = 5% * 4,000
= $200
Amount going to principal = 1,468.86 - 200
= $1,268.86
Amount of Principal Outstanding = 4,000 - 1,268.86
= $2,731.14
The total cost of those banking fees for the 7 years would be $1,344
<h3>What is bank fee?</h3>
Bank fee are fees paid to the financial institution one opened the account with, simply to keep it open and running and covers a certain number of transactions per month. Banks charge bank fees to pay salaries and other overheads, and physical branches.
With regards to the above,
Total cost
= Cost per month × 12 months per year × Number of years
= $16 × 12 × 7
= $1,344
Hence, the total cost of those banking fees for the 7 years would be $1,344
Learn more about banking fees here : brainly.com/question/24124875
Answer:
the amortization of Other Comprehensive Loss for 2022 is $38,370
Explanation:
The computation of the amortization of Other Comprehensive Loss for 2022 is shown below;
= (Accumulated other comprehensive loss - 10% of Projected benefit obligation) ÷ given no of years
= ($503,700 - 10% of $1,200,000) ÷ given no of years
= ($503,700 - $120,000) ÷ 10 years
= $38,370
hence, the amortization of Other Comprehensive Loss for 2022 is $38,370
The same would be considered