Using High-Low method:x 1 = 1,125 ( low units ), x 2 = 3,000 ( high units )y 1 = 38,000 ( low cost ), y 2 = 59,000 ( high cost ).Formula is: y = m x + b, where b represents Fixed costs. m = ( y2 - y1 ) / ( x2 - x1 ) = ( 59,000 - 36,000 ) / ( 3,000 - 1,125 ) = 11.259,000 = 11.2 * 3,000 + bb = 59,000 - 33,600 = 25,400y = 11.5 x + 25,400Answer: Total fixed costs are $25,400.
Answer is A. Debt. Or possibly revenue
The bank will most likely be filled with the following:
- Mortgage loan
- Collateral
- Down payment
- Seize her home.
<h3>What is a loan?</h3>
A loan is a sum of money, borrowed from a financial institution usually a bank or credit union to meet certain obligations.
The following statement should be considered:
- Lindsay took out a Mortgage Loan to purchase her new home.
- She used collateral in the form of the property to back the loan.
- Lindsay also paid money in advance. This is known as a Down payment.
- If Lindsay does not make her loan payments on time, the bank will most likely seize her home.
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Hence, the bank will most likely be filled with Mortgage loan, collateral, Down payment, seize her home.
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