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wariber [46]
2 years ago
12

An FHA-insured loan in the amount of $57,500 at a 6 ½% interest rate for 30 years was closed on March 17. The first monthly paym

ent is not due until May 1. If the interest is paid monthly in arrears, how much pre-paid interest does the buyer owe at closing? (Use a 360-day year)
Business
1 answer:
Airida [17]2 years ago
5 0

Answer: $145.32

Explanation:

$57500 loan × 6.5/100

$ 57500 ×0.065 =$3737.50 annual interest

Monthly interest = 3737.50 ÷ 12 month

= $ 311.45

Daily interest = monthly interest ÷ 30 days

= $311.45 ÷30

= $10.38

So, from March 17 to May 1 = 14days

14×$10.38 = $145.32

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Webster Corporation's monthly projected general and administrative expenses include $5,600 administrative salaries, $3,000 of ot
SCORPION-xisa [38]

Answer:Total general and administrative expenses budget per month  =$10,250

Explanation:

Total general and administrative expenses are  the compulsory costs to ensure that a company's day to day  operations is  maintained  whether or not the company is making profit.

General and administrative expenses includes Rent, Utility bills,  insurance  wages and benefits, depreciation of office furnitures, Office supplies and  are regarded as  operating expenses and therefore  interest paid on a bank loan is not an operating expenses but a  financing activities and will not be considered as an administrative expense.

Administrative expenses= administrative Salaries+Other cash administrative expenses+Depreciation

=$5,600+$3,000+$1,650

=$10,250

​

4 0
3 years ago
Alternative or non-traditional assessments are become more popular among teachers. One type of alternative assessment is called
Alexxx [7]

Answer:

Alternative or non-traditional assessments are becoming increasingly popular with teachers. An alternate evaluation type is called _Task

Explanation:

3 0
2 years ago
You are the manager of a monopolistically competitive firm, and your demand and cost functions are given by Q = 36 – 4P and C(Q)
inysia [295]

Answer

The answer and procedures of the exercise are attached in the following images.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

8 0
3 years ago
Question 2
Vesnalui [34]

Answer:

d. willingness to pay of all buyers in the market.

Explanation:

The demand curve shows the relationship between the price of a good or service and the quantity demanded at a particular time.

Therefore, a demand curve reflects:

a. highest price buyers are willing to pay for each quantity.

b.quantity that each buyer will ultimately purchase.

c. value each buyer in the market places on the good.

With this in mind, what the demand curve does not reflect, with these in mind is a willingness to pay of all buyers in the market.

8 0
2 years ago
Receiving provides 12,000 receiving hours and costs $60,000 per year. What is the activity rate for receiving?
Vsevolod [243]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Receiving provides 12,000 receiving hours and costs $60,000 per year.

Estimated manufacturing overhead rate= 60,000/12,000= $5 per hour

7 0
3 years ago
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