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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.

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A company produces a single product. Variable production costs are $12.50 per unit and variable selling and administrative expen
wlad13 [49]

Answer:

value of ending inventory under variable production is $104375

Explanation:

given data

Variable production costs = $12.50 per unit

variable selling and administrative expenses = $3.50 per unit

Fixed manufacturing overhead totals = $41,000

Fixed selling and administration expenses total = $45,000

production = 4,500 units

sales = 3,850 units

to find out

the dollar value of the ending inventory under variable costing would be

solution

we find here ending inventory that is express as

ending inventory = production - sale

ending inventory = 4500 - 3850

ending inventory = 8350

so

variable production cost of 8350 units are

variable production cost = 8350 × $12.50

variable production cost = $104375

so value of ending inventory under variable production is $104375

8 0
3 years ago
A company that packages and distributes fruit for on-the-go lunches has established a differentiation. they are packaged in such
SSSSS [86.1K]

The correct answer is forward integration. Forward integration is being defined as a business strategy by which it is associated with the vertical integration of where business activities are being expanded by means of including the control of the direct distribution or the supply of the products of the company.

6 0
3 years ago
A rock group assigns its payment under a performance contract to the Costume Shop, a business that has supplied the group with o
blondinia [14]

Answer:

Rock Group and Costume Shop

Under this arrangement the rock group is the

d. assignor.

Explanation:

The rock group, as the  assignor, is the entity that transfers its property rights or its powers to payment to Costume Shop.   The Costume Shop is the assignee because it is the entity to which property rights or powers to payment of the rock group are transferred.  Under the performance contract, the rock group can also be described as the delegator while the Costume Shop is the delegatee.  However, under payment terms, the rock is the assignor while the Costume Shop is the assignee.

5 0
3 years ago
Many hiring managers in information security prefer to recruit a security professional who already has proven hr skills and prof
Paha777 [63]
<span>Information Security Specialists are hard to come by especially the ones with the proven experience and track record. Considering our times where online security is a major threat for governments and organisations, having an experienced individual who can act rather than some one who is inexperienced is of more value, hence there being a huge demand for them.</span>
8 0
3 years ago
9) what is one downside of using a savings account instead of a checking 1pc
White raven [17]

Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.

<h3>What is meant by checking account?</h3>

Checking account is the regular account that facilitates the customer to deposits a withdrawal the money any time with no number of limit.

Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.

Thus, option B is correct.

For more details about checking account, click here:

brainly.com/question/22857190

#SPJ1

4 0
2 years ago
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