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Nastasia [14]
3 years ago
5

"Evan lives in an apartment building. The land and structures are owned by a corporation, with one mortgage loan covering the en

tire property. Like the other residents, Evan owns stock in the corporation and has a lease on his apartment. This type of ownership is called a____."
Business
1 answer:
julsineya [31]3 years ago
5 0

Answer:

co-operative ownership

Explanation:

Cooperative ownership is an apartment ownership  is the process where by a buyer receives shares of stock in the building corporation and a lease of the apartment being sold as the case of Mr Evan.

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A young college student was making a purchase at her local department store. The clerk suggested that she would get an additiona
zloy xaker [14]

Answer: a. Reports indicate that students are particularly vulnerable to these tactics. If you fail to pay off the balance, you end up paying much more than the original purchase price for your items.

Explanation:

Even though financial advice is usually tailormade for the individual, a financial expert would most likely give this advice to a student because students are indeed vulnerable to such tactics.

They would be more prone to spend more in the store as a result of the credit card and this will lead to them being unable to pay off balances which will then lead to them paying much more than the original price they would have paid.

4 0
2 years ago
There are 100 consumers, each of whom values a concert ticket at a unique whole number dollar amount between $1 and $100. One cu
netineya [11]

Answer:

To total Consumer Surplus in the market = $3,612.50

Explanation:

Quantity demanded:

is the amount that buyers are willing and able to buy at a particular price.

The demand curve:

shows how much buyers are willing and able to buy at different prices.

Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price.

5 0
3 years ago
A few years ago, Michael purchased a home for $380,000. Today the home is worth $336,000. His remaining mortgage balance is $142
Vaselesa [24]

Answer:

The maximum amount he can borrow is <u>$126,800</u>.

Explanation:

Given:

Michael purchased a home for $380,000.

Market value of home = $336,000.

Current mortgage balance = $142,000.

Rate of borrowing at the market value = 80%.

Now, to find the maximum of amount Michael can borrow.

So, we find first the maximum mortgage amount:

<u><em>Maximum mortgage amount</em></u><u> </u><u><em>= 80% of market value.</em></u>

                                               =\frac{80}{100}\times 336,000

                                               =0.80\times 336,000

                                               =\$268,800.

<em>As, he still owes $142,000 mortgage in his home.</em>

Now, to get the maximum amount he can borrow we use formula:

<em><u>Maximum amount he can borrow = Maximum mortgage amount - Current mortgage balance.</u></em>

Maximum amount he can borrow =\$268,800-\$142,000

Maximum amount he can borrow =\$126,800.

Therefore, the maximum amount he can borrow is $126,800.

6 0
3 years ago
George
Yanka [14]

Answer: Yes, because negative correlation coefficient implies there is negative correlation between quantities.

Explanation:

Correlation is a term we use to define the strength and direction of relation ship between two variables.

Negative correlation coefficient means there is a negative correlation between the variables , that is if one increases the other decreases.

Here, variables are : " investment in the textile"  and "average temperature in Minnesota during January "

So -0.60 defines that there is negative correlation between the investment in the textile and the average temperature in Minnesota during January.

8 0
3 years ago
Wilturner Company incurs $85,000 of labor related directly to the product in the Assembly Department, and $34,000 of labor relat
Sav [38]

Answer:

Direct labor= $85,000

Manufacturing overhead= $55,000

Explanation:

Giving the following information:

Wilturner Company incurs $85,000 of labor related directly to the product in the Assembly Department, and $34,000 of labor related to the Assembly Department as a whole, and $21,000 of labor for services that help production in both the Assembly and Finishing departments.

M<u>anufacturing overhead is the number of production costs that can't be directly linked toa specific product. It includes indirect labor.</u>

Direct labor= $85,000

Manufacturing overhead= 34,000 + 21,000= $55,000

6 0
3 years ago
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