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lana66690 [7]
3 years ago
5

) The real estate agent in your city advertises a house for $195,000 at 6.25 percent interest for 17 years. You are interested i

n learning more about your responsibilities if your family buys it. You learn that insurance will be $1,080 and taxes will be $1,252 per year. How much will your monthly payment be?
Business
1 answer:
Makovka662 [10]3 years ago
4 0

Answer:

The mortgage payment will be of $1,554.24

The total payment related to the house will ascend to $3,886.24

Explanation:

Mortgages payments:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 195,000

time 204 (17 years x 12 months per year)

rate 0.005208333 (0.0625 annual / 12 month per year)

195000 \div \frac{1-(1+0.0052083)^{-204} }{0.0052083} = C\\

C  $ 1,554.239

TO this payment ewe add the insurance and the taxes:

1,554.24 + 1,080 + 1,252 = 3,886.24‬

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Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions): Dils Brothers Co. J.
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Answer:

0.64

Explanation:

Debts to total asset ratio = Total liabilities / total assets

For J.Cox Inc 2016;  Debts to total asset ratio = $47,422 / 73,744

Debts to total asset ratio = 0.64306

Debts to total asset ratio = 0.64

2016 debt-to-total-assets ratio for J. Cox, Inc. is 0.64

3 0
2 years ago
Banks that are financial intermediaries generate earnings when they facilitate the transfer of money from savers to borrowers by
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Answer: True

Explanation:

Financial intermediaries are the institutions they have been put in place like a building society, bank, or unit-trust company, which are charged with the responsibility of holding funds from the lenders so that loans will be made available to people that wants to borrow.

It should be noted that banks that are financial intermediaries generate earnings when they facilitate the transfer of money from savers to borrowers by paying savers a smaller return than they demand from borrowers. This earning is their charges for the service rendered.

6 0
3 years ago
1. A company expects to sell 400 units of Product X in January and then expects sales to increase by 10% per month. If Product X
Len [333]

Answer:

1. $13,240

2. 16,000 units

3. 22,000 units.

Explanation:

The question is answered as follows

Part 1: Determine the total sales for the first quarter as follows

January Sales in Units = 400 Units

February Sales Units = 400 x 110% or 1.1= 440 units

March Sales Unites = 440 x 110% or 1.1. = 484 units

Total Sales = 1,324 x $10 = $13, 240

Part 2: Determine Production In August

Production in August making use of the relevant figures

= Expected units + (Expected units in september x 80%) - Inventory on August 1

= 12,000 + (0.8 x 15,000) - 8000= 16,000 Units

Part 3: Determine the Production Units as follows

Sales Units + Closing Inventory of finished goods - The Opening Inventory of finished goods

= 20,000 units + 5,000 units - 3000 units = 22,000 units

3 0
3 years ago
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Mandy’s Packaging Inc. is a multibillion-dollar supplier of packaging materials. One of its salespeople rearranged production sc
daser333 [38]

Answer:

<u>Relationship selling</u>

Explanation:

Relationship selling is focussed more upon successfully building a long term relationship between a seller and a buyer rather than being merely focussed upon effecting a sales through .

The technique emphasizes upon the quality of interaction between the seller and the buyer which shall serve as a basis for develoment of a future relationship between the company and the customer.

This technique is prominent in case of those companies that rely on repetitive purchases on part of the buyer like private instructors. Good relationships may lead to customer loyalty which prompt repetitive purchases at their end.

In the given case, the supplier company's sales person rearranged production schedule so as to accomodate unexpected demand from a major client. Such an action demonstrates company's sales policy with emphasis upon relationship selling.

3 0
3 years ago
As it places its order for truck tires with Michelin, South Side Industrial Supply realizes that it must also place an order for
Dovator [93]

Answer:

The correct word for the blank space is: joint.

Explanation:

Joint demand refers to the demand for products and services that are dependent on each other. In such cases, those goods are complementary but they can be acquired separately if necessary. An example of goods with joint demand would be tea and sugar or a printer and ink.

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