Answer:
Return on investment ≈ 29%
Explanation:
<em><u>using excel function </u></em>
Determine :
Rate = 7% / 12 = 0.0058
Nper value = 30 years * 12 = 360
PV = -$150,000
∴ PMT value = $997.95
next : calculate the outstanding balance 15 years later
= ( 997.95 / 0.00583 ) * ( 1 - ( 1 / ( 1 + 0.00583 )^15*12 ))
= 171174.96 * 0.6489
= $ 111,075.43
<u>Considering the opportunity to refinance </u>
Rate = 6% /12 = 0.005
Nper = 15 * 12 = 180
Pv = - $111,075.43
∴ PMT = 937.32
the monthly saved up payment = PMT 1 - PMT 2
= 997.95 - 937.32 = $60.63
Finally
Rate of return on investment
= 2500 = 60.63 * 
hence Rate of return ≈ 29 %
attached below is a screenshot of the excel function used for question 2 and it can be used for question 1 as well just change the values
Answer:
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Stereotyping is placing a person or group of persons into an inflexible, all-encompassing category, whereas prejudice is a judgment of someone based on an assumption that you already know relevant facts or background information.
Dogs are generally not allowed to eat vanilla ice cream. It is not recommended because vanilla ice cream is a dairy product containing milk sugar called lactose and also fat. Most dogs are lactose-intolerant. When they ingest dairy product, it would cause loose bowel movement which will then lead to dehydration. For the most part, you can only give small parts to the dog.
Answer:
$429.60 Favorable
Explanation:
Provided information,
Standard Hours for each product = 3 hours
Standard Cost per hour = $14.00
Actual hours used = 198
Actual output = 80 connectors
Standard hours for actual output = 80 
3 = 240 hours
Actual Rate = $14.80 per hour
Direct labor cost variance = Standard Cost - Actual Cost
Standard Cost = Standard hours Standard Rae
= 240 $14 = $3,360
Actual Cost = 198 $14.80 = $2,930.40
Variance = $3,360 - $2,930.40 = $429.60
Since actual cost is less than standard variance is favorable.
$429.60 Favorable
