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amm1812
3 years ago
12

Horton Company purchased a building on January 2 by signing a long-term $480,000 mortgage with monthly payments of $4,500. The m

ortgage carries an interest rate of 10 percent. The amount owed on the mortgage after the first payment will be ___________.
Business
1 answer:
Ganezh [65]3 years ago
8 0

Answer:

$479,500

Explanation:

To determine the interest due for the first payment we can solve the following:

interest due on payment 1 = total debt x interest rate x 1/12 = $480,000 x 10% x 1/12 = $4,000

Now we need to subtract the interest due from the first payment:

principal paid = payment - interest due = $4,500 - $4,000 = $500

remaining principal = $480,000 - $500 =  $479,500

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A property has a monthly net income of $1800, and an appraiser believes a 9 percent rate of return is appropriate for the proper
mart [117]

Answer:

estimated value =  $240000

so correct option is C. 240000

Explanation:

given data

net income = $1800

rate of return = 9%

to find out

estimated value

solution

net income annual will be  = net income ×  12 (months)

net income annual  = $1800 ×  12

net income annual  = $21,600

so estimated value will be

estimated value = \frac{net\ income\ annual}{rate}

estimated value = \frac{21600}{0.09}

estimated value =  $240000

so correct option is C. 240000

8 0
3 years ago
Why might workers dislike a lean production environment?
Marianna [84]

Answer:

Workers do not like to work in a lean production environment because there are fewer opportunities for an employee to advancement within the company. Pursuant to a leaner production line, more workers become stress due to higher levels of responsibility.

Explanation:

3 0
3 years ago
Read 2 more answers
Selena seeks a job as a biology technician. In addition to having the educational requirements, she believes her greatest streng
tankabanditka [31]

Answer:

1- A, B and D

Explanation:

An effective biology technician must have a set of analytical skills, attention to detail and critical thinking.

These are the important characteristics for this function, as a biology technician will handle several types of research and experiments, which characterizes that analytical skills will be necessary for data analysis and interpretation of results. Attention to detail is also necessary, as a biology technician will have as one of his activities to prepare biological samples, such as blood and food samples, for laboratory analysis, which requires maximum attention to details so as not to compromise results.

And finally, the critical thinking skills form the set of skills necessary to be a good technician in biology, since critical thinking makes the professional know how to develop a logical thinking, necessary to select the samples used in experiments and other analyzes.

7 0
3 years ago
As a company manager for Claimstat corporation, there is a 0.40 probability that you will be promoted this year. There is a 0.72
kipiarov [429]

Answer:

(1) If you get a promotion, what is the probability that you will also get a raise?

25% or 0.25

(2) Are getting a raise and being promoted independent events? Explain using probabilities.

yes, they are independent events because you a given one probability for getting a raise (40%) and another one for getting both a raise and a promotion (25%). If they were dependent events, the probability would be the same but they are not.

(3) Are these two events mutually exclusive? Explain using probabilities.

No they are not, again the probability of getting both a raise and a promotion is 25%.  

3 0
3 years ago
Which of the following is correct?
pogonyaev

Answer:

N. Most countries have had little fluctuation around their average growth rates during the past 120 years.

Explanation:

" Both measures reveal the same thing: between 1960 and the late-1990s, there was a widening of the world income distribution, at least when each country is a unit of observation. In the last decade or so, this pattern seems to have stabilized"

Reference: Jones, C. I. (2016). The facts of economic growth. In Handbook of macroeconomics (Vol. 2, pp. 3-69). Elsevier. p. 37

6 0
3 years ago
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