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Sonbull [250]
3 years ago
9

You found your dream vacation cottage in the mountains and your offer of $78,000 was accepted. You plan to put 20% down and will

roll the closing costs of $3,500 into the mortgage. Congratulations, your 15 year mortgage has been approved at an interest rate of 4.125%. (You must use the attached Excel loan amortization schedule). How much are you financing
Business
1 answer:
PSYCHO15rus [73]3 years ago
4 0

Answer:

The amount of finance is $65,900

Explanation:

The amount of financing is the amount of the loan given by the mortgage finance provider which in this case is the cost of the property minus down payment  plus closing costs.

cost of property is  $78,000

downpayment is 20% of the property cost=20%*$78,000=$15,600

closing costs is $3,500

the amount of finance=$78,000-$15,600+$3,500=$65,900

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Chris would like to conduct a study on the effectiveness of a new substance-abuse treatment program. He has a sample of particip
Agata [3.3K]

Answer:

The correct answer is letter "A": nonequivalent group.

Explanation:

While conducting studies, nonequivalent groups are those where the target audience is not selected randomly. Instead, the participants are chosen generating another group represented by all those individuals who match the research criteria but, because of a reason, were not selected.

<em>There are different types of nonequivalent groups such as posttest only nonequivalent groups or pretest-posttest nonequivalent groups, for instance.</em>

7 0
3 years ago
You are a senior analyst in the marketing research department of a major steel producer. You have been requested to make a forec
blondinia [14]

Answer:

descriptive study.

Explanation:

  • Descriptive study is designed to explain the distribution of one or more variables in relation to any cause or other hypothesis.
  • Descriptive studies can be of many types, such as case reports, case series, cross-sectional studies and ecological studies. In the first three of these, data is collected on individuals, the last using data collected for the group.
  • Descriptive research is used to describe the characteristics of the study of a population or event.
3 0
3 years ago
A top performing used car salesman is able to sell his cars to each customer at their maximum willing to pay, a practice known a
ira [324]
Answer: B. Perfect price discrimination
6 0
2 years ago
The law of demand states that A. a higher price will lead to increased sales. B. quantity demanded will vary inversely with the
Alchen [17]

Answer:

The correct answer is B. The law of demand states that quantity demanded will vary inversely with the price of the good.

Explanation:

The law of demand states that the value of demand decreases as the price of the product increases, that is, between the value of demand and the price there is an inverse relationship, therefore, an increase in price causes a decrease in demand, and a decrease in price causes an increase in demand.  

Therefore, manufacturers who have decided to produce more should know that an increased number of goods can only be sold at a lower price.

The quantity of goods purchased depends on the price as well as on the average income of the buyers, the size of the market, the price and usefulness of other goods, including substitutes, subjective tastes and preferences of buyers.

8 0
3 years ago
Read 2 more answers
State Road Fabricators Inc. is considering eliminating Model A02777 because of losses over the past quarter. The past three mont
ICE Princess25 [194]

Answer:

Option (C) is correct.

Explanation:

Manufacturing costs:

= Direct Materials + Direct Labor + Variable overhead

= $160,000 + $80,000 + (150,000 × 75%)

= $160,000 + $80,000 + $112,500

= $352,500

Operating income:

= Sales​ (1,100 units) - Manufacturing costs

= $370,000 - $352,500

= $17,500

Therefore, if Model A02777 is dropped from the product​ line, operating income will​ decrease by​ $17,500.

6 0
3 years ago
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