Cassidy's approximate monthly payment stands at $1420. if Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
<h3>What is the payment monthly?</h3>
The monthly payment is the quantity paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the top amount, or the original payment loaned out, that needs to be repaid, but also the good that accumulates.
<h3>What is a loan amortization schedule?</h3>
It is described as the systematic method of representing loan payments according to the time in which the principal amount and interest exist mentioned in a list manner
It is given that:
- Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
- A fixed annual interest rate of 2.7% compounded monthly for 15 years.
The formula is:
Plug all the values in the above formula:
$1420.
Hence,
Cassidy's approximate monthly payment stands at $1420.
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Answer:
The correct answer is d. $0.31 per client-visit; $24,766 per month.
Explanation:
The costs can be of fixed nature or a variable nature or of a mixed nature. A mixed costs contains a component of both fixed and variable costs. The high-low method is used to calculate the variable component per unit of a mixed cost. Th formula for high low method is:
Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity level - Lowest activity level)
the highest activity is in June, 13400 client visits and the highest cost is also of this activity. The lowest activity is in August, 11207 client visits and the lowest cost belongs to this activity.
Variable cost per unit = (28920 - 28235) / (13400 - 11207)
Variable cost per unit = $0.31 rounded off to two decimal places
The fixed cost = Total cost - total variable cost
Taking 13400 activity,
The fixed component is = 28920 - (0.31 * 13400) = $24766 per month
Thus, the correct answer is d.
It should disclose all the terms and conditions, otherwise the purchase agreement wouldn't be binding.
Answer:
H. J. HEINZ COMPANY
Partial Balance Sheet
For the month ended April 30, 2017
Assets
<u>Current assets</u>
Cash $373,145
Accounts receivable $1,171,797
Inventory $1,237,613
Prepaid insurance <u>$125,765
</u>
Total current assets <u> $2,908,320</u> A
<u>Property, plant, and equipment</u>
Land $76,193
Buildings $4,033,369
Less: Accumulated depreciation <u>$2,131,260</u> <u>$1,902,109</u>
<u>$1,978,302</u> B
<u>Intangible assets</u>
Goodwill $3,982,954
Trademarks <u>$757,907 </u>
<u>$4,740,861 </u>C
Total assets (A+B+C) $9,627,483
