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Olin [163]
3 years ago
11

There is a principal balance of $84,902.13 on a mortgage. The interest rate is 7.75% per annum. The taxes and insurance total $1

,915.70 per year. The monthly payment is $835.58, including interest, taxes and insurance, with the remainder applied to reduce the principal. What is the principal balance after the next payment?
Business
1 answer:
kompoz [17]3 years ago
7 0

Answer:

Principal after next payment: 84,774.52‬

Explanation:

the principal after the payment will be the current principal less the payment amortization.

TO know the amortization we must know the interest, taxes and insurance contained within the next payment:

Insurance and taxes: 1,915.7 per year

we divide by  12 to know the monthly fees = 159.64

then, for the interest we do:

principal x rate x time

being time 1 month over 12 of the year:

84,902.13 x 0.0775 x 1/12 = 548.3262 = 548.33

The quota is for 835.58 we subtract interest, insurance and taxes:

835.58 - 159.64 - 548.33 = 127.61

Then, we subtract from the principal this amortization:

84,902.13 - 127.61 = 84,774.52‬

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Answer:

B) Protests

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3 years ago
Sampson Industries has an annual plant capacity of 70,000 ​units; current production is 59,000 units per year. At the current pr
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Answer:

Sampson Industries

1. How would accepting the special order impact Sampson​'s operating​ income?

The acceptance of the special order will decrease Sampson's operating income by $42,000.

2. Should Sampson accept the special​ order?

No.  Sampson should not accept the special order.  It does not make any contribution in reducing the fixed costs.  Instead, it decreases the net income.  Special orders should be accepted when they add to the contribution in defraying the fixed costs, even if they do not add to the net income.

Explanation:

a) Data and Calculations:

Annual plant capacity = 70,000 units

Current production = 59,000

Variable cost per unit = $26.00

Fixed cost per unit = $4.80

Normal Selling price per unit = $41

Special order = 70,000

Price of special order = $20

Incremental Analysis of Special Sales Order Decision

Total Order (7,000 units)

Revenue from special order $140,000

Less expenses associated with the order:

Less: Variable manufacturing cost 182,000

Contribution margin $(42,000)

Less: Additional fixed expenses associated with the order –

Increase (decrease) in operating income from the special order ($42,000)

8 0
3 years ago
Production possibilities: 1) the study of how best to allocate scarce resources among competing uses. 2) shows the relationship
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The alternative combination of final goods and services that could be produced in a given time period with all available resources and technology. in short the production possibility frontier shows the maximum output possibilities for two given goods. It makes the assumption that all inputs are utilized efficiently.
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Fund Net Asset Value Offering Price Change Capital $9.01 $9.59 - .02 Common $6.37 $6.64 - .04 Corporate $7.72 $8.44 .03 A custom
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Answer:

C $1,918

Explanation:

Calculation to determine what Capital Fund this day will pay

Using this formula

Capital fund=Capital Offering price*Number of shares

Let plug in the formula

Capital fund=$9.59 per share x 200 shares

Capital fund=$1,918.00

Therefore Capital Fund this day will pay:$1,918.00

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FIVE different presentation methods are now available to presenters.

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