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Ann [662]
3 years ago
14

A mortgage is paid off in 30 years with a total of $124,000. It had a 2% interest rate that compounded monthly. What was the pri

ncipal
Business
1 answer:
Natasha2012 [34]3 years ago
8 0

Answer:

the Principle, PV on the mortgage was $68,086.64.

Explanation:

The Principle on the mortgage, PV is determined as follows :

FV = $124,000

N = 30 × 12 = 360

P/ yr = 12

PMT = $0

R = 2%

PV = ?

Using a Financial Calculator, the Principle, PV on the mortgage was $68,086.6399 or $68,086.64.

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Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented
Oduvanchick [21]

Answer:

The Dollar sales break even for the company is $568750, for the north region is $320000 and for the south region is $80000.

Explanation:

1. for the company:

cont margin ration = contribution/sale

                               = 240000/750000

                               = 0.32

fixed cost = 182000

dollar sales break even = fixed cost/cont margin ratio

                                       = 182000/0.32

                                       = $568750

2.  for the north region:

cont margin ration = contribution/sale

                               = 120000/600000

                               = 0.20

fixed cost = 64000

dollar sales break even = fixed cost/cont margin ratio

                                       = 64000/0.20

                                       = $320000

3. for the south region:

cont margin ration = contribution/sale

                               = 120000/150000

                               = 0.80

fixed cost = 64000

dollar sales break even = fixed cost/cont margin ratio

                                       = 64000/0.80

                                       = $80000

Therefore, The Dollar sales break even for the company is $568750, for the north region is $320000 and for the south region is $80000.

3 0
3 years ago
The set of skills and knowledge needed to make informed decisions about
Diano4ka-milaya [45]
True
I’m pretty sure
4 0
2 years ago
What is NOT a reason a new product might fail?
3241004551 [841]
Appropriate channels selected is NOT a reason why a new product might fail.
6 0
2 years ago
Kelly sells women's accessories. Her prospective buyer is smiling and is eyeing the samples Kelly brought with her to the sales
Paladinen [302]

Answer:

Ask the potential client to try out the accessories and give the prices.

Explanation:

Having the legs uncrossed and her arms relaxed the client is showing that is comfortable with the situation and open to accept the products offered by Kelly. The best way to proceed would be presenting her prices offer and starting the negotiation, she should pay attention to the client's behavior to know of she is willing to negotiate and acquire the products.

3 0
3 years ago
When appreciated property is distributed in a nonliquidating distribution, the net effect on the distributing corporation's E&am
lys-0071 [83]

Answer:

True

Explanation:

"Nonliquidating corporate distributions are distributions of cash and/or property by a continuing corporation to its shareholders. At the shareholder level, a nonliquidating corporate distribution can produce a variety of tax consequences, including taxable dividend treatment, capital gain or loss, or a reduction in stock basis. [...]

The corporate-level tax consequences of a nonliquidating corporate distribution depend on whether the distribution consists of cash or property (other than cash). The corporation does not recognize gain or loss when it distributes cash to shareholders or when it redeems stock in exchange for cash payments."

Reference: Ellentuck, Albert  B. “Understanding the Effects of Nonliquidating Distributions on Corporations.” The Tax Adviser, 1 Jan. 2009

8 0
3 years ago
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