1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SCORPION-xisa [38]
3 years ago
6

Alex Guadet of Nashville, Tennessee, has been renting a two-bedroom house for several years. He pays $900 per month in rent for

the home and $300 per year in property and liability insurance. The owner of the house wants to sell it, and Alex is considering making an offer. The owner wants $160,000 for the property, but Alex thinks he could get the house for $150,000 and use his $25,000 in 3 percent certificates of deposit that are ready to mature for the down payment. Alex has talked to his banker and could get a 5 percent mortgage loan for 25 years to finance the remainder of the purchase price. The banker advised Alex that he would reduce his debt principal by $1,700 during the first year of the loan. Property taxes on the house are $1,400 per year. Alex estimates that he would need to upgrade his property and liability insurance to $1,200 per year and would incur about $3,000 in costs the first year for maintenance and improvements. Property values are increasing at about 3 percent per year in the neighborhood. Alex will have to pay $50 a month for private mortgage insurance. He is in the 25 percent marginal tax bracket.
(a) Use Table 9-4 on page 285 to calculate the monthly mortgage payment for the mortgage loan that Alex would need.

(b) How much interest would Alex pay during the first year of the loan?

(c) Use the Run the Numbers worksheet, "Should You Buy or Rent?" on page 264 to determine whether Alex would be better off buying or renting.
Business
1 answer:
gogolik [260]3 years ago
4 0

Answer:

A - C + D = B

Explanation:

im big brain

You might be interested in
Marketing is a subset of advertising.<br><br> True<br> False
andreev551 [17]

Answer:

False

Explanation:

Marketing is not a subset of advertising. In fact it is the opposite, advertising is the subset of marketing.

Advertising is mostly focused on acquiring customers and promoting sales. Generally, advertising is based on formulating campaigns to promote the products and increasing sales. These promotions are carefully planned out and well designed so they reach a target audience with the help of media such as radio, newspaper, television and magazines etc.

4 0
3 years ago
On January 1, 2018, Brussels Enterprises issues bonds at par dated January 1, 2018, that have a $3,400,000 par value, mature in
pashok25 [27]

Answer:

a. Record the entry for the issuance of bonds for cash on January 1, 2018.

January 1, 2018, bonds are issued

Dr Cash 3,400,000

    Cr Bonds payable 3,400,000

b. Record the entry for the first semiannual interest payment on June 30, 2018.

June 30, 2018, first coupon payment

Dr Interest expense 153,000

    Cr Cash 153,000

c. Record the entry for the second semiannual interest payment on December 31, 2018.

December 31, 2018, second coupon payment

Dr Interest expense 153,000

    Cr Cash 153,000

d. Record the entry for the maturity of the bonds on December 31, 2021 (assume semiannual interest is already recorded).

December 31, 2021, payment of bonds payable

Dr Bonds payable 3,400,000

    Cr Cash 3,400,000

6 0
3 years ago
In social network analysis __________ stress(es) the importance of ties connecting heterogeneous people—helping to ensure a wide
murzikaleks [220]

Answer:

<u>Bridging relationships</u>

Explanation:

Social networking analysis refers to analyzing the interaction between different social groups, people and individuals of an organization.

Such an analysis establishes linkage between diverse people who differ in their attitudes, beliefs and demeanor.  

Such an analysis is aimed at gaining an understanding of a group and it's dynamics, it's key members and deciphering the nature of their association.

Bridging relationships refers to bridging or reducing the gap between a group and laying emphasis upon the relations via which diverse people are interconnected and information is shared between them.

8 0
3 years ago
Which of the following statements about the W-2 form is TRUE?
ohaa [14]

Answer:

I believe it it the second option.

Explanation:

8 0
3 years ago
Over the last several decades, the United States has usually had a trade surplus. a trade deficit. decreasing trade levels. bala
faltersainse [42]

Over the last several decades, the United States has usually had a trade deficit.

When the U.S. 2008 recession began, the trade deficit increased.

When net exports increase, GDP increases.

Trade deficit is when the import of an economy is greater than the export of the economy. Import are goods that are bought from foreign countries. Export are goods that are sold to foreign countries. As at August 2021, trade deficit in the United States was  $73.3 billion. This is higher than the forecasted amount of $70.5 billion.

During the 2008 recession, trade deficit increased by 3% to $920.7 billion.  One of the reasons for this was the increase in the price of crude oil which is a major consistent of import of the United States.

GDP calculated using the expenditure approach is : consumption + government spending + business spending + net export.

Net export = export - import.

If net export increases, GDP increases.

To learn more, please check: brainly.com/question/3651082?referrer=searchResults

7 0
2 years ago
Other questions:
  • Henri fayol developed 14 general principles of management including unity of command and the scalar chain which focused on the t
    8·1 answer
  • The rule of 70 is a measure of how long it will take for prices to __________ at a given inflation rate.
    9·1 answer
  • What information should a resume provide?
    6·1 answer
  • Mighty Corporation manufactures end tables. Each end table requires .50 direct labor hours in its production. Mighty Corporation
    8·1 answer
  • How old can you be to get your license?<br>A) 16<br>B) 18<br>C) 19 ​
    9·2 answers
  • 1. Cash balance per bank, July 31, $7,428.
    14·1 answer
  • A low-cost leader can translate its low-cost advantage over its rivals into superior profit performance by
    5·2 answers
  • In your opinion, why is training vital to the success of any organization? What is the potential impact of lack of effective tra
    5·1 answer
  • What is the opportunity cost of producing more shoes?
    15·1 answer
  • choose the correct term for each of the following descriptions. expenditure on research and development
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!