The answer is <u>"B. Your payments will have gone mostly towards paying interest and you will still owe the majority of the balance that you had from a year ago."</u>
At the point when this happen your profile would be appear as monetarily hazardous by other money related foundation in the market.
This would make your credit score to tumble down, and would make it extremely hard for you to acquire some other type of advance later on.
When you make just the minimum installment on your credit card, you're giving yourself impermanent help. But on the other hand you're focusing on paying more in intrigue charges later. That exchange off can get you into genuine budgetary inconvenience after some time, particularly if your card charges a high interest rate.
As soon as an agent or a broker accepts an earnest money deposit on behalf of a seller, they become an escrow agent, and the money is placed in an escrow account.
So whenever a licensed real estate firm or an agent holds any earnest money, it must be deposited in a trust or escrow account until the closing. The earnest money deposit is said to be mandatory as the deposit gives buyers the time required to sort out their finances, conduct inspections, and evaluate investment, before a deal is closed.
However, if the buyer does not deposit the earnest money with the escrow agent within a reasonable time after contract execution, the buyer thus would be in default.
Hence, an escrow account is one which you fund each month.
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Answer:
Total asset turnover = 1.375
Explanation:
In this question we use the DuPont analysis which is presented below:
Return On Assets = Net Profit Margin × Total asset turnover
0.11 = 0.08 × total assets turnover
So, the total assets turnover would be
= 0.11 ÷ 0.08
= 1.375
Simply we find out the asset turnover by applying the return on assets formula that is displayed above
When price increases by 5%, quantity supplied increases by 4%.
<h3>What is the change in the quantity supplied?
</h3>
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good. There is a positive relationship between price and quantity supplied
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
0.80 = percentage change in quantity supplied / 5%
percentage change in quantity supplied = 5% x 0.80 = 4%
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