1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fittoniya [83]
3 years ago
15

"carrie bought a house five years ago for $150,000. at that time she borrowed $140,000 from her bank. the house is now worth $16

2,000. her pmi will automatically be dropped when her mortgage balance drops to:"
Business
1 answer:
vesna_86 [32]3 years ago
7 0

Answer: PMI will automatically be dropped when the balance reaches $117,000.

Explanation: PMI stands for private mortgage insurance. This is an insurance policy that banks often require lenders to have when they do not have a 20% down payment on a new home.

PMI is automatically dropped with the amount of the mortgage due is reduced to 78% of the original appraised value of the home. In this case, the home was originally purchased for $150,000. 78% x 150,000 = $117,000. When the loan reaches $117,000 the pmi will automatically be dropped.

You might be interested in
Universal Containers (UC) wants its closed Won opportunities to be synced to a Data warehouse in near real time. UC has implemen
lakkis [162]

Answer:

a) The default client Certificate or the Certificate and Key Management menu.

Explanation:

The universal containers desired to ensure that the communication existing between the Target System and the Salesforce is completely safe and secured, the UC must send the Outbound Message, default client Certificate as well as the menu of the Key Management. Therefore, the correct option is option a.

3 0
3 years ago
Petrus Framing's cost formula for its supplies cost is $1,840 per month plus $12 per frame. For the month of March, the company
adoni [48]

Answer:

$84 unfavorable

Explanation:

The computation of the activity variance for supplies cost is shown below:

Supplies cost for the standard one is

= $1,840 + (624 frames × $12 per frame)

= $9,328

And, the supplies cost for the actual one is

= $1,840 + (631 frames × $12)

= $9,412

So the activity variance is

= $9,328 - $9,412

= $84 unfavorable

As the standard cost is less than the actual one

6 0
3 years ago
Adams Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales
vagabundo [1.1K]

Answer:

Expected contribution as per sales mix = $37*0.60 + $50*0.40

= $22.20 + $20

= $42.20 per unit

Total number of products in total at break even point = Total fixed cost / Contribution per unit

= $227,880 / $42.20 per unit

= 5,400 units

How many units each of Super and Supreme must Adams sell to break even?

<u>According to sales mix:</u>

Super = 5,400 * 60% = 3,240 units

Supreme = 5,400 * 40% = 2,160 units.

3 0
2 years ago
The monthly demand q for a monopolist firm's product in a certain market (measured in 1000s of units) is related to the price pe
Gnesinka [82]

Answer: (b) -3.08

Explanation:

The relationship between the demand(q), price per unit product(p) and the disposable income,yd is given by the expression below;

q= 20ln(7yd-2p).

From the expression above, the marginal demand,

∂ q/∂ p is the differential of the equation of relationship between the demand, price and disposable income.

This involves considering the demand,q as the dependent variable and the price per unit product,p as the independent variable and the disposable income,yd is considered constant.

Therefore ,

∂ q/∂ p= (-40)÷(7yd-2p)

By substitution of

yd =$3000÷1000= $3

and p= $4

∂ q/∂ p= (-40)÷((7×$3)-(2×$4))

∂ q/∂ p= -40÷13= 3.08

Please see the attachment for knowledge on how ∂ q/∂ p was obtained.

7 0
2 years ago
Which of the following statements about aims and objectives is untrue? Select one: a. An aim describes what the learners will be
netineya [11]

Answer:<em> Option (b) and (d) are untrue.</em>

Explanation:

From the given option, the following statement about aims and objectives are untrue<em>:</em><em> An objective describes what the learners will be able to do with the language by the end of the lesson, You could have one overall aim and some secondary aims.</em>

<em>Aim is in regards with what you hope to do, your comprehensive purpose in project. It will gesticulate what/where you aspire to be at the end of the project. An aim is usually wide. It is earnest, but not beyond the bounds of possibility.  </em>

<em>Whereas; </em>

<em>There are  more than one objective, these can be referred to as  the specific steps taken to achieve our aim. </em>

7 0
3 years ago
Other questions:
  • A higher level of interest income can be received if a savings account offers a promotional rate.
    5·1 answer
  • A 12-ounce beer with an alcohol content of 5% would have a proof of __________ .
    12·1 answer
  • At year-end, the perpetual inventory records of Whispering Winds Corp. showed merchandise inventory of $112,410. The company det
    15·1 answer
  • An attractive business climate is defined by only one dimension: it minimizes the political risk to a company.
    9·1 answer
  • Evelyn, who is in charge of an ad hoc team, holds a meeting with her team and explains the purpose of the project and outlines w
    9·1 answer
  • If the marginal propensity to consume is 0.50​, how much would government spending have to rise to increase output by ​$10 comma
    12·1 answer
  • Goodwin Ross Mid Cap Growth is a fund that lets its investors buy ownership in a market basket that contains different securitie
    11·1 answer
  • Bramble Corp. expects to purchase $110000 of materials in July and $130000 of materials in August. Three-fourths of all purchase
    15·1 answer
  • Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Departmen
    8·1 answer
  • the sale of shares not owned by the investor but borrowed through a broker and later purchased to replace the loan is called a
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!