Answer:
Mary can deduct $1,300 in year 1 for her points paid.
Explanation:
a) Data and Calculations:
April 1, Amount borrowed by Mary to refinance the original mortgage on her principal residence = $130,000
Payment of 1 points to reduce Mary's interest rate from 7% to 6% amounts to 1% of $130,000 = $1,300.
b) Mary paying 1 points is beneficial to her since her interest cost is reduced from 7% to 6%. This implies that her total finance cost at the end of the 30-year period will be reduced.
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The answer will be An excess of production.
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Answer:
D) $5,040
Explanation:
LIFO represents last in first out. This means the last item bought is the first to be sold.
Since 2300 units were sold, subtracting from the last item bought
2300-600-800-600 = 300
Opening inventory or 1000 minus 300 = 700
700 x $7.2 = $5,040
Answer:
The correct answer to the following question is Determine the goals and objectives .
Explanation:
The third step in the emergency planning process is of determining the goals and objectives . It s very important that goals and objectives are set , in order to ensure that they will support in accomplishing the plan and other operational priorities. Goals should be clearly defined , so that the desired result can be achieved. Setting the goals indicate the solutions that planners have find to counter the problem . And objectives are the actions that will be required to perform to achieve the defined goals.