<span>A short-term mortgage in which small payments are made until the completion of the term, when the entire balance is due, is BALLOON MORTGAGE.
Balloon mortgage is a type of loan that needs to be paid in a lump sum or is repaid at the end of the loan period, in a single payment. Depending on the agreement between the borrower and the lender, this type of payment may be interest free. Interest may apply but is usually smaller than long-term loans.
</span>
Answer:
12%
Explanation:
Initial investment =$5,000.00
Value of stock with 10%=$10,000*(1+10%)=$11,000
The amount repayable to the broker after one year is the amount borrowed plus interest of 8%
Amount borrowed plus interest= $5,000+( $5,000 *8%)
Amount borrowed plus interest=$5,400
Rate of return=(Value of stock with 10%-Amount borrowed plus interest-equity fund)/amount borrowed
Rate of return=($11,000-$5,400-$5000)/$5,000=12%
Answer:
$710,000
Explanation:
The computation of the owner’s equity at the end of the year is given below:
We know that
Accounting equation equals to
Total assets = Total liabilities + owners equity
where,
Total assets = $800,000 + $150,000 = $950,000
And, the total liabilities = $300,000 - $60,000 = $240,000
So, the owners equity at the end of the year would be
= $950,000 - $240,000
= $710,000
Answer:
always involve the acquisition of long-lived assets
Explanation:
Capital expenditures can be regarded as the investments that is made by
companies in order to grow or maintain their business operations.
It can as well be regarded as capital expense and it's explained as money that is been spent by an organization or corporate entity in buying, maintaining as well as improving its fixed assets, these asset could be buildings, equipment, vehicles or land.
It should be noted that Capital expenditure decisions always involve the acquisition of long-lived assets
Because if everyone went and had the same job no one else would know how to do the other jobs causing our entire economy to fail and entire city’s failing too.
