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The business cycle is the fluctuation in economic activity
Answer: $290,000
Explanation:
Flexible budget for 20,000 tons:
Fixed manufacturing costs (Period costs constant irrespective of tons produced) $50,000
Variable manufacturing costs
($12 × 20,000) $240,000
Total Manufacturing costs for 20,000 tons will be:
$50,000 + $240000 = $290,000
Note: Variable costs varies based on the number of units produced whereas Fixed costs are the period costs that are constant irrespective of units produced.
Answer:
-Notify your mortgage servicer
-Contact a Homeownership Advisor
-Cut other expenses where you can
Explanation:
If you start having a hard time paying your mortgage, you should:
-Notify your mortgage servicer that is the company to which you make the payments of your loan and it can offer you an option that can help you with the payments like a deferral.
-Contact a Homeownership Advisor as this is a professional that provides financial advise before and after you purchase a house and can help you with options to fix the problem.
-Cut other expenses where you can because you may be having expenses that are not necessary and if you decrease them, you can be able to pay your mortgage.
The other options are not correct because using your credit cards is worst because you will be paying a loan with a different loan that will probably have a higher interest rate and wait a few months and see if things turn around can result in you missing payments which will affect your credit score and you may end up losing your home.
