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
laila [671]
3 years ago
11

Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest rate is 5.25% for 30 years.How much was Mr Coff

ey's down payment (in dollars)?
Business
1 answer:
s344n2d4d5 [400]3 years ago
4 0

Answer:

$39,000

Explanation:

Down payment refers to the amount that Mr. Coffey paid upfront at the time of purchasing the house. It is usually a percentage of the total cost and is paid in a lump sum.

In this case, Mr. Coffey 20 % of the cost of the house

i.e., 20% of $195,000

=20/100 x $195,000

=0.2x$195,000

=$39,000

You might be interested in
Allen’s ark sells 2000 canoes per year at a sales price of 460
NNADVOKAT [17]

Answer:

well, sell 2000 canoes per year at 460.... and de rest?

3 0
3 years ago
Cups of coffee of milk tea are substitutes. assume both have in elastic demand. Suppose exceptionally good weather increases the
nata0808 [166]

Answer:

In that situation, the demand of the Milk tea will fall.

Explanation:

In businesses subtitles are the type of products that serve a similar purpose but generally less favorable. You use substitutes as a second product when you somehow cannot use the first/main product.

In the example above,

Let's say that Coffee is people's favorite beverages. They like it better than milk tea. But, if they don't have enough money to buy their favorite coffee, they sometimes have to exchange it and settle with milk tea.

When weather increases the harvest of the coffee bean crop, the price of coffee will most likely fall down due to the abundance in resource.

When this happen, there will be lesser people who use the substitute product. in the end, the demand for the milk tea will fall.

8 0
3 years ago
If the equilibrium price of avocados is $4 and the government issues a price ceiling of $4.50, what is likely to happen in the m
Marat540 [252]

Answer:

A surplus of avocados will result from the price ceiling.

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

A price ceiling is binding when it is set below equilibrium price.

The price ceiling ($4.50) is less than the equilibrium price ($4) of avocados. As a result, surplus would increase. The supply of avocados would exceed the demand because price ceiling is above equilibrium price

6 0
2 years ago
Product design and choice of location are examples of _______ decisions.
lina2011 [118]
A. strategic
These decisions are made high in the hierarchy.
6 0
2 years ago
Inventory costing methods place primary reliance on assumptions about the flow of:a. goodsb. costsc. resale pricesd. values
Mrac [35]

Answer: B costs

Explanation:

In business and accounting, cost is the monetary value that has been spent by a company in order to produce something.

Cost accounting aids in decision-making processes by allowing a company to calculate, evaluate, and monitor its costs.

4 0
3 years ago
Read 2 more answers
Other questions:
  • An income property has a gross annual income of $14,250 and monthly expenses of $300. It has been valued at $147,000. What is th
    9·1 answer
  • One difference between total utility and marginal utility is that
    9·1 answer
  • The aggregate demand curve shows that, if other factors are held constant, the higher the price level, the
    13·1 answer
  • Which of the following teams is more likely to be made up of employees from about the same hierarchical level but different work
    11·1 answer
  • Employees who experience ______ conflict and ______ facilitation between work and family roles are objectively healthier, less a
    6·1 answer
  • Demand for earbuds is represented by: P = 402 – 2Q The costs are $8 per set of earbuds. In order to stock earbuds, other items w
    6·1 answer
  • Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
    12·1 answer
  • Write a brief note on Axioms of interpersonal communication with example of real life business communication.
    9·1 answer
  • If the absolute price of good X is $10 and the absolute price of good Y is $14, the relative price of good X in terms of good Y
    8·1 answer
  • Mat Rollins, CEO of Rollins, Inc., decided that upon his retirement, he would elect his son Chris to become the new CEO. Mat tho
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!