Answer:
D: $259,000
Explanation:
The computation of the paying amount which borrower can pay for a property is shown below:
= Mortgage loan amount for borrow ÷ loan-to-value ratio
= $220,000 ÷ 85%
= $258,823.53
= $259,000 round off
We simply divide the mortgage loan by the loan to value ratio so that paying amount could arrive which borrower can pay for a property.
Answer:
I think it's first one tooo
Answer:
$34,100
Explanation:
The computation of the net income is shown below:
Net income = Total revenues - Total expenses
where,
Total revenues
= Service revenue + sales revenue
= $145,200 + $27,500
= $172,700
And, the total expenses is expenses incurred i.e $138,600
So, the net income is
= $172,700 - $138,600
= $34,100
As we know that the income statement records only revenues and expenses and the same is considered
Answer:
Detailed step-wise solution is given below:
Answer:
C. Negative; Positive
Explanation:
If soda and sandwiches are complementary goods, then the cross price elasticity between them is negative. Negative cross price elasticity indicates that an increase in the price of soda would result in a fall in the quantity demand for sandwiches. On the other hand, a decrease in the price of soda would result in an increase in the quantity demanded for sandwiches.
If yogurt and sandwiches are substitute goods which means that yogart can be used in place of sandwiches or sandwiches can be used in place of yogurt. The cross price elasticity between the substitute goods is positive. Positive cross price elasticity indicates that an increase in the price of yogurt would result in an increase in the quantity demanded for sandwiches. On the other hand, a decrease in the price of yogurt would result in a fall in the quantity demanded for sandwiches.
