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Ksenya-84 [330]
3 years ago
14

Kelly and Tim Jarowski plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage payment

s by $58 a month. Their closing costs for refinancing will be $1,690. How long will it take them to cover the cost of refinancing
Business
1 answer:
antiseptic1488 [7]3 years ago
3 0

Answer:

How long will it take them to cover the cost of refinancing = 29months

Explanation:

Number of months = $1,690 / $58

Number of months = 29 months

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Patrick has a written independent contractor agreement with his broker Tami. Last year, about 25% of his income came from sales
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Answer:

The correct answer here is C) an employee .

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Even though Patrick has written independent contract agreement with his broker, he will be considered an employee not independent contractor because Patrick is earning 75% of his total income from his broker on a hourly wage and that is paid to him on normal pay date , while the independent contractors are paid when the accounts payable receives the invoice, usually independent contractors are paid after the completion of task or at the end of a period.

7 0
3 years ago
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In a certain year, the aggregate amount demanded at the existing price level consists of $100 billion of consumption, $40 billio
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Answer:

The correct answer is A. increase tax rates and/or reduce government spending.

Explanation:

Increasing the tax burden is an easy way for the state to increase its income temporarily and subject matter, but it turns out that increasing the tax burden affects productivity and consumption, so in the end the income of the productive sector is diminished, and more taxes on a lower taxable base does not imply increasing revenues.

When a government decides to reduce public spending for a fiscal balance, it is limited to reducing the social assistance and social security, but not to reduce the bureaucratic apparatus that curiously is usually high in countries with economic crisis, and also Be a source of corruption corruption.

7 0
3 years ago
Select all that apply. Select the items that describe what most likely happens when the Federal Reserve increases the money supp
11111nata11111 [884]

Answer:

Businesses borrow more money.

Consumption increases.

Explanation:

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When the Federal Reserve increases the supply of money in circulation, more money is circulated through loans and personal spending. This is considered a policy of stimulating the economy and can be done independently of interest rate changes, although the reduction of interest is also a stimulus monetary policy that can be done in conjunction with the increase in the money supply.

5 0
3 years ago
Anstead Co. is experiencing a decrease in sales and operating income for the fiscal year ending October 31, 2014. Ryan Frazier,
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6 0
3 years ago
Companies are allowed to depart from the requirement that a change in accounting principle be reported retrospectively when: (Se
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Answer:

b) it is impracticable to determine some period-specific effects.

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According to the actual normativity these are the two options more consistent with the exercise.

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