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3 years ago

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Haley just graduated from college. She accepted a position with a firm at an annual salary of $38400. Using HUD guidelines, what

is the maximum Haley should pay for rent on a monthly basis?

1 answer:

s2008m [1.1K]3 years ago

8 0

Answer:

$960,000

Explanation:

$1,000 (Monthly income x 30%)

$1,000 (3200 x 30%)

= $960,000

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(Loan amortization) Mr. Bill S. Preston, Esq., purchased a new house for $170,000. He paid $25,000 down and agreed to pay t

valentinak56 [21]

Answer:

The equal payments amount is $16,678.57

Explanation:

Hi, first we need to determine what the loan amount is, we can do that by substracting $25,000 (down payment) from the cost of the new house, that would be $170,000 - $25,000 = $145,000.

Now, we need to solve for "A" the following equation, given a rate of 11% compounded annually, number of yearly payments equals 30 and a present value of $145,000

$PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }$

Everything should look like this.

$145,000=\frac{A((1+0.11)^{30}-1) }{0.11(1+0.11)^{30} }$

$145,000=A(8.693792573)$

Therefore, A = $16,678.57

Best of luck.

5 0

3 years ago

The financial statements of Clearwater Furniture Company include the following items:

Svetllana [295]

Answer:

c. 0.39

Explanation:

The formula to compute the 2017 cash ratio is shown below:

= (Cash + Short-term Investments) ÷ (Total Current Liabilities)

= (63,500 + $51,000) ÷ (234,000)

= ($114,500) ÷ (234,000)

= 0.39

It shows a ratio between cash + cash equivalent and the current liabilities.

The other information which is given in the question is not relevant. Hence, ignored it

6 0

4 years ago

A decrease in the price of domestically produced industrial robots will be reflected in Group of answer choices both the GDP def

LuckyWell [14K]

Answer:

the GDP deflator but not in the consumer price index

Explanation:

GDP deflator is the ratio of : Nominal GDP (value of goods & services at current prices) to Real GDP (value of goods & services at constant prices), multiplied by 100.

It reflects change in price level of all domestically produced final goods in an economy, during given years.

Consumer Price Index (CPI) indicates price change in market basket of consumer goods & services purchased by households. It is statistically measured based on weighted average of various market basket commodities.

A decrease in price of domestically produced industrial robots : will effect (reduce) GDP deflator, as it includes all final goods & services. But it will not effect CPI as it includes only household consumer goods.

7 0

3 years ago

On June 10, Concord Corporation purchased $8,050 of merchandise on account from Sarasota Company, FOB shipping point, terms 1/10

mariarad [96]

Explanation:

The journal entries are as follows in the books of Concord Corporation

On June 10

Merchandise inventory A/c Dr $8,050

To Account payable A/c $8,050

(Being the inventory is purchased on account)

On June 11

Merchandise inventory A/c Dr $510

To Cash A/c $510

(Being freight is paid by cash)

On June 12

Accounts payable A/c Dr $450

To Merchandise Inventory A/c $450

(Being goods returned is recorded)

On June 19

Accounts payable A/c Dr $7,600 ($8,050 - $450)

To Cash A/c $7,524 ($7,600 × 1%)

To Merchandise Inventory A/c $76

(Being payment is recorded)

6 0

3 years ago

What are cultural, control, and organizational variables that are utilized by decision makers to effect change in their organiza

Natasha_Volkova [10]

Answer:

managerial levers

Explanation:

4 0

2 years ago