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Andrej [43]
2 years ago
12

Naomi has a home loan amount of $120,000. Her monthly principal and interest payment is $679.00 for thirty years. How much inter

est will Naomi pay over the term of her loan?
Business
1 answer:
Viktor [21]2 years ago
8 0

Answer:

$124,440

Explanation:

Given a monthly principal and interest payment of $679, over the 30 year period, Naomi would have paid back

$679 * 30 year * 12 months in a year

= $244,440

With a loan amount of @120,000, the interest portion of the total repayment is therefore = total repayment less the loan amount

= $244,440 - $120000

= $124,440.

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REV Co. is reviewing the accounting and disclosure requirements for its significant guarantees, commitments, and contingencies,
victus00 [196]

Answer:

REV Co. has made disclosure in notes to the financial statement section. The disclosures include the details about related party transaction which was carried out by the brother of Chief Operating Officer. It is ensured that the transaction was completed on arm's length.

Explanation:

Disclosures are mandatory for any company which is listed. The companies provide details of specific transactions in Notes to the Financial statements. These additional information provides details of transaction to the shareholders and removes any ambiguity in the transaction. The purpose of disclosures is to ensure the shareholders that the company has not incurred any fraudulent activity in certain transactions and all transactions are fair and complies with International Accounting Standards.

5 0
2 years ago
Cazden Motors' stock is trading at $30 a share. Call options on the company's stock are also available, some with a strike price
slava [35]

Answer:

d. If Cazden's stock price rose by $5, the exercise value of the options with $25 strike price would also increase by $5.

Explanation:

A call option confers a right, not an obligation upon the call buyer to buy a security at a pre determined price, known as exercise price or strike price at a future date.

A call buyer would exercise his right only in the scenarios wherein the strike price is lesser than the current market price on maturity.

Profit of a call buyer is given by = CMP as on expiry - Exercise/Strike price - Option premium paid

wherein CMP=  Current Market Price

A call option is "in the money" when it's strike price is less than it's current market price. In the given case, it means if the CMP today represents CMP upon expiry, call buyer would exercise his right and his gain would be $5 i.e $30 - $25.

Since the $25 exercise option is "in the money", an increase in stock price by $5 will also increase the strike price by $5.

 

8 0
3 years ago
Assume that the reserve requirement is 10%. All other things being equal, will the money supply expand MORE if the Fed buys $1,0
Strike441 [17]

Solution:

The reserve ratio is 10%.

Money multiplier = \frac{1}{reserve requirement } = \frac{1}{0.10}  = 10.

So, the money multiplier increases by 10.

Money supply = amount x money multiplier = 1,000 x 10 = 10000

Therefore, because any certain items are equivalent, the rise in the currency supply is 10000 dollars.

When the FED sells 1,000 million worth of debt, this would further increase the monetary market, as the investments are fresh funds and the income from the bank is now used in the money supply.

8 0
3 years ago
A credit card company claims that the mean credit card debt for individuals is greater than $ 5 comma 100. you want to test this
Oksanka [162]
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8 0
3 years ago
When Carlos Bustamante received the Alumni of the Year award at his alma mater's annual award dinner, he gave a speech thanking
Angelina_Jolie [31]

Answer: Option B

             

Explanation: In simple words, acceptance speech refers to the speech  that is made by an individual generally after receiving award or similar honor as such.

In such a speech the receiving party shows gratitude and tries to connect with their audience by showing sentiments and proud of receiving the award. These speeches are  usually very brief and to the point but sometimes an extension is made by the deceiving party, stating some past events or making motivational statements to the audience.

In the given case, Carlos revived the award and thanked the school authority. Hence from the above we can conclude that the correct option is B.

7 0
2 years ago
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