Answer:
d.the company is precisely breaking even.
Explanation:
Margin of safety is referred to current sales - Break even sales ratio to current sales as a percentage.
Basically it is quoted as follows:
Therefore, when the current sales = Break even sales then only the company will have margin of safety = 0
Thus, at 0 margin of safety the company basically is at no profit no loss situation, that is break even.
The two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.
The following information should be considered:
- The above two things should be important as it helps in determining the loan amount & credit history for determining the credit score.
- Also, the insurance money & money in the saving account should not be important also the income proof is required at a later stage for the loan security.
Therefore we can conclude that the two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.
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Answer:
800 hours
Explanation:
The Temporary Assistance for Needy Families (TANF) is a federal welfare program established in 1996 which helps qualifying families with childcare assistance, professional training and work assistance. The federal government transfers money to the states and then each state sets is requirements for receiving TANF assistance.
Since the benefit reduction rate is 50% and the TANF amount is $4,000, the total yearly income must be less than $8,000 to receive TANF ($8,000 x 50% = $4,000). If the potential recipient can earn $10 per hour, then she should work less than 800 hours (= $8,000 / $10) in order to keep receiving TANF benefits.
Answer: $4,096,266.76
Explanation:
First find the value of the initial $100,000 ten years into the future.
Rate = 12% / 4 = 3% quarterly
Period = 10 * 4 = 40 quarterly periods
= 100,000 * (1 + 3%)⁴⁰
= $326,203.78
This will be added to the future value of the $50,000 annuity.
Future value of annuity = Annity * ( ( 1 + rate)^number of periods - 1) / rate
= 50,000 * ( ( 1 + 3%) ⁴⁰ - 1) / 3%
= $3,770,062.99
Add both future values:
= 3,770,062.99 + 326,203.78
= $4,096,266.76
