Answer:
He will have to come up with a bigger down payment
His monthly payments will be higher.
If Jamir leases the car, his down payment will be $1500.
If he purchases the car, his down payment will be 10% of purchase price which will be
.
Hence his down payment will be higher if he purchases the car.
If Jamir leases the car, his monthly payments will be $290, as against the monthly payment of $432.46, which is higher.
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.
Answer:
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Answer:
The budget direct labor cost for the first quarter of the year is $57,774
Explanation:
Units per month:
January = 2,680
February = 2,600
March = 2,740
Total of units first quarter of year = 2,680+2,600+2,740= 8,020
So, "Each unit requires 0.6 hours of direct labor"
We need to multiply the units by the hours of direct labor
*why ?
Rule of three
1 unit need --------- 0.6 hours direct labor
8,020---------------- ?
= (8,020 x 0.6) / 1
= 4,812 / 1
= 4,812 hours we need to produce the total units
Finally: we need to multiply the hours by the payment per hour, or direct labor rate that is $12
4,812 x $12= $57,774 is the budget direct labor cost for the first quarter of the year.