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aniked [119]
4 years ago
15

A mortgage in which you pay a fixed monthly payment for a specified number of years and then make a final large repayment of the

principal is called a/an:__________.
Business
1 answer:
BlackZzzverrR [31]4 years ago
3 0

Answer:

Balloon mortgage

Explanation:

The balloon mortgage type requires the borrower to repay the mortgage loan in lumpsum at the end of a specified period. These mortgage types are mostly short term, but maybe long-term in some instances.  In balloon mortgage, the borrower may be required to be repaying interest only over the life of the mortgage. At maturity, the principal amount is repaid in a lump sum.

Balloon mortgage poses a great risk to lenders. Some lenders may charge a high-interest charge rate to cover for the risk. Balloon loans are suited to commercial construction firms. They come to develop houses and repay in a lump sum when they make sales.

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Thornton Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory pur
anastassius [24]

Question Completion:

Inventory Purchases Budget     January   February    March      April

Budgeted cost of goods sold  $ 60,000  $ 64,000  $ 70,000  $79,000

Plus: Desired ending inventory    6,400

Inventory needed                       66,400

Less: Beginning inventory           9,000

Purchases (on account)         $ 57,400

Answer:

Thornton Company

a) Inventory Purchases Budget     January   February    March   Total

Budgeted cost of goods sold    $ 60,000  $ 64,000  $ 70,000 $ 194,000

Plus: Desired ending inventory      6,400        7,000        7,900        7,900

Inventory needed                         66,400       71,000      77,900  

Less: Beginning inventory             9,000         6,400       7,000

Purchases (on account)           $ 57,400    $ 64,600  $ 70,900

b) Cost of goods sold for first quarter = $194,000

c) Ending Inventory at the end of first quarter = $7,900

Explanation:

Data and Calculations:

April's budgeted cost of goods sold = $79,000

Inventory Purchases Budget     January   February    March      April

Budgeted cost of goods sold  $ 60,000  $ 64,000  $ 70,000  $79,000

Plus: Desired ending inventory    6,400        7,000        7,900

Inventory needed                       66,400       71,000      77,900

Less: Beginning inventory           9,000         6,400       7,000

Purchases (on account)         $ 57,400    $ 64,600  $ 70,900

Cost of goods sold for the first quarter = $194,000 (60,000 + 64,000 + 70,000)

Ending Inventory at the end of the first quarter = 10% of $79,000 = $7,900

4 0
3 years ago
Benefits of non legislative methods of resolving consumer conflict
Vinvika [58]

Answer:

Fast, informal and easy way for consumers to resolve disputes Inexpensive and no solicitors are required Unbiased and fair judgement convenient - online service high success rate approximately 75% cases settled.

3 0
3 years ago
Read 2 more answers
At Aalten Technologies, bottlenecks in the assembly line occur according to a Poisson process with an average of 0.50 bottleneck
RideAnS [48]

Answer:

Probability (at least one bottle neck occurs during 8 hours of operation) = 0.9817

Explanation:

Given:

Average bottleneck 1 hour = 0.5

Find:

Probability (at least one bottle neck occurs during 8 hours of operation)

Computation:

Expected events in 8 hour = 8(0.5)

Expected events in 8 hour = 4    

Probability (at least one bottle neck occurs during 8 hours of operation) = p(X≥1)

Probability (at least one bottle neck occurs during 8 hours of operation) = 1-p(X=0)

Probability (at least one bottle neck occurs during 8 hours of operation) =1-exp(-4)[4⁰]/0!

Probability (at least one bottle neck occurs during 8 hours of operation) =1-0.0183

Probability (at least one bottle neck occurs during 8 hours of operation) = 0.9817

5 0
4 years ago
Young's modulus is a quantitative measure of stiffness of an elastic material. suppose that for aluminum alloy sheets of a parti
romanna [79]
Given that Young's modulus is a quantitative measure of stiffness of an elastic material. Suppose that for aluminum alloy sheets of a particular type, its mean value and standard deviation are 70 GPa and 1.6 GPa, respectively.

Part A:

If X is the sample mean Young's modulus for a random sample of n = 16 sheets, the sampling distribution of X centered at 70 GPa, and the standard deviation of the X distribution is given by \frac{1.6}{\sqrt{16}} = \frac{1.6}{4} =0.4 \ GPa



Part B:

If X is the sample mean Young's modulus for a random sample of n = 64 sheets, the sampling distribution of X centered at 70 GPa, and the standard deviation of the X distribution is given by \frac{1.6}{\sqrt{64}} = \frac{1.6}{8} =0.2 \ GPa
6 0
3 years ago
gre ets if germany’s total tax revenue in 2000 was approximately $170 billion, approximately what was the amount of the total re
storchak [24]

The amount of the full retail gasoline sales in Germany that yr:

The first factor out that fuel tax is 20.4 of a hundred and seventy billion, which means we do have around 34 billion. Now: within the first graph fuel sales were 70.7. This % 70.7 of 34 billion = around 50 billion. E is the answer.

Fuel is a mixture of many specific hydrogens- and carbon-containing chemicals (hydrocarbons). an average gasoline combination carries about one hundred fifty distinctive hydrocarbons, such as butane, pentane, isopentane, and the BTEX compounds (benzene, ethylbenzene, toluene, and xylenes).

Gas, also spelled gasolene, also known as gasoline or petrol, a combination of volatile, flammable liquid hydrocarbons derived from petroleum and used as gasoline for inner-combustion engines. it's also used as a solvent for oils and fats.

Etymology. "gas" is an American word that denotes gas for cars. The time period is an idea to have been stimulated by the trademark "Cazeline" or "Gasoline", named after the surname of British publisher, espresso service provider, and social campaigner John Cassell.

Learn more about gasoline here: brainly.com/question/25141046

#SPJ4

7 0
2 years ago
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