Answer:
obligation ratio: 0.3081 = 30.81%
Explanation:
Total oblication will include all the payment:
property taxes: 2,100 / 12 = 175
insurance: 600 / 12 = 50
car monthly payment: 450
mortage monthly payment: 557.35
Total obligation: 1,232.35
<u>mortgage monthly payment:</u>
PV 110,000
time 360 (30 years x 12 months per year)
rate 0.00375 (0.045 divide into 12 months to get the monthly rate)
C 557.354
<u>total obligation ratio:</u>
1,32.35 / 4,000 = 0.3081
Answer:
<u>A</u>
<u>Explanation</u>:
Remember, in economics the term equilibrium implies that this terms
- price and,
- quantity demanded
<u>are all equal or in a state of stability.</u>
Therefore, the stock in such an equilibrium market would yield it expected returns since there are no external factors such as increase in price that could affect the value.
Answer:
Need calculation for What is the probability that the mean GPA for 64 randomly selected BYU- Idaho students will be less than 3.5?
0.016
Explanation:
1/64= 0.016
Answer:
Following are the suggestions to solve unemployment problem:
(i) Change in industrial technique:
(ii) Policy regarding seasonal unemployment:
(iii) Change in education system:
(iv) Expansion of Employment exchanges:
(v) More assistance to self employed people:
(vi) Full and more productive employment
Explanation:
To record final annual interest and bond repayment:
2017
Mar 1
Bonds interest expense $25,400
Bonds payable $254,000
Cash $279,000
On March 1, 1997, the date of issuance, the entry is:
1997
Mar 1
Cash $254,000
Bonds payable $254,000
On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)
Mar 1
Bond Interest Expense ($100,000 x 12% x 1) $25,400
Cash $25,400
