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
aleksandr82 [10.1K]
3 years ago
10

People most likely need to take out a mortgage when they have bad credit. are making a large purchase. are spending less than $1

,000. have legal problems.
Business
1 answer:
Dmitrij [34]3 years ago
8 0

Answer:

are making a large purchase.

Explanation:

When people tend to make large purchase, that is purchase which involves huge amount, for example: new house, new car.  They require help of financing as initially they are not able to pay the lump sum amount, rather paying instalment makes it easy to do so.

As for an average earning person paying instalment is easy, but paying heavy amounts in a go are not, even if someone manages to have those savings, they do not want to spend it all, rather keep them for any discrepancies.

You might be interested in
In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five y
svlad2 [7]

Answer:

Stock Price in 5 years: $97.94. Stock Price Today: $55.575

Explanation:

A pay-out ratio is computed by dividing dividends per share over earnings per share. Meanwhile, PE or Price-Earnings Ratio is computed by dividing the market value of stocks over earnings per share. Thus, using the pay-out ratio formula, the earnings per share is 2.925 ($1.17/40%) and using the PE ratio formula, the market price of stocks today is $55.575 (19 x 2.925). After 5 years, multiplying 1.17 and 12% rate raised to the 5th power, the dividend will amount to $5.1548. Using pay-out ratio, earnings per share is 5.1548 ($2.0619/40%) and the market price of stock after 5 years is $97.94 ($5.1548 x 19).

3 0
3 years ago
(Vetro Inc) Vetro Inc. is a glass manufacturer that produces glasses of every shape and type. Recently it signed a contract to s
Nataliya [291]

Answer:

Answer is explained in the explanation section below.

Explanation:

Data Given:

LSL = 4.96 cm

USL = 5.04 cm

Mean = 5 cm

SD = 0.01 cm

1. Capability Index:

Cpk = min ( \frac{USL - Mean }{3SD} , \frac{Mean - LSL}{3SD} )

So, now, we need to find the following:

\frac{USL - Mean }{3SD} = \frac{5.04 - 5 }{3 * 0.01}

\frac{USL - Mean }{3SD} = \frac{0.04}{0.03}

\frac{USL - Mean }{3SD} = 1.33

Similarly,

\frac{Mean - LSL }{3SD} = \frac{5 - 4.96 }{3 * 0.01}

\frac{Mean - LSL }{3SD} = \frac{0.04}{0.03}

\frac{Mean - LSL }{3SD} = 1.33

So,

Cpk = min ( \frac{USL - Mean }{3SD} , \frac{Mean - LSL}{3SD} ) = 1.33

2. Maximum Standard deviation allowed.

Let SD be maximum standard deviation allowed.

So,

Mean - 3SD = 4.96     Equation 1

Mean + 3SD = 5.04    Equation 2

Subtracting Equation 2 from 1, we have

6SD = 5.04 - 4.96

6SD = 0.08

SD = 0.0133

3 0
3 years ago
The first step in pursuing your financial goals is_______. PLEASE HELP
Delvig [45]
Your first step is to create a saving plans and to set your smart goals
5 0
3 years ago
Read 2 more answers
2. Earl Broker is 25 years old, senior in college and he decides to put $150 every year in a Roth IRA through Vanguard Total
AURORKA [14]

Answer: a) $66,388.86

the total sum Earl will receive when he withdraws the money in his  65th birthday is $66,388.86

Explanation:

Given that;

Annuity = $150

r = 10%

Earl is 25years now

Earl plans to withdraw the money when he is 65

which mean Period N = ( 65 - 25 ) = 40

To find the future value, we use use the express

Future value = annuity × (((1+r)^n)-1)/r)

we substitute our values

Future Value = 150 × (((1 + 10/100)^40)-1)/10/100)

= 150 × (((1.10)^40)-1) / 0.01)

150 × ((45.2592 - 1)/0.1)

150 × 442.5924

Future Value = $66,388.86

therefore the total sum Earl will receive when he withdraws the money in his  65th birthday is $66,388.86

3 0
3 years ago
Eric and Katie, who are married, jointly own a house in which they have resided for the past 17 years. They sell the house for $
Elodia [21]

Answer:

C) $0 $285,000

Explanation:

The §121 exclusion establishes that homeowners can exclude from their capital gains taxes the sale of their property for a maximum of $250,000 gain (or $500,000 for joint filers) if they meet two criteria:

  • they owned the property for at last 5 years
  • they use the property as main residence for at least 2 years (they can aggregate time periods).

So if Eric and Katie use the §121 exclusion they wouldn't pay any capital gains tax ($500,000 is higher than $375,000).

If they decide to forgo the §121 exclusion, then they will have to pay taxes for a gain of:

capital gain = net sale price - asst basis

capital gain = ($375,000 - $10,000) - $80,000 = $365,000 - $80,000 = $285,000

8 0
3 years ago
Other questions:
  • With a traditional savings account, you could be charged a fee if: a you deposit too much money at once b you withdraw money too
    14·1 answer
  • Why international date line is irregular in shape?​
    10·1 answer
  • At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year,
    14·1 answer
  • To improve its standard of living, a nation’s economy must
    12·1 answer
  • With a _______ validity design, the test is administered to a group of job applicants who are going to be hired. The test scores
    15·2 answers
  • Jurisdiction B levies a flat 7 percent tax on the first $5 million of annual corporate income. Required: Jersey Inc. generated $
    7·1 answer
  • In the case of such a catastrophe like the one we are facing (corona
    14·1 answer
  • All materials in the Fabrication Department are added at the beginning of the production process. On July 1, the Fabrication Dep
    5·1 answer
  • The fixed budget indicates direct labor costs of $27,500. Actual direct labor costs were $27,000. The variance is:
    12·1 answer
  • Jose's monthly parking fee for april was $150; for may it was $10 more than april; and for june $40 more than may. His average m
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!