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Irina18 [472]
3 years ago
7

Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You will finance the remainder w

ith a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?
Business
1 answer:
postnew [5]3 years ago
5 0

Answer:

$819.98

Explanation:

After making downpayment, the remaining amount is $145,000 - 15000 = $130,000

Using financial calculator:

PV = 130,000

n = 30 years = 360 months

i/r = 6.5%/year = 0.54% / month

FV = 0

PMT = ? (Monthly payment = ?)

--> Monthly payment = $819.98

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An asset (not an automobile) placed in service in June 2019 has a depreciable basis of $35,000 and a recovery period of 5 years.
maw [93]

Answer:

$35,000

Explanation:

The Tax Cuts and Jobs Act increased the percentage of bonus depreciation for qualifying assets from 50% to 100% for those assets acquired and put into service between September 27, 2017 and January 1, 2023. If this asset qualifies for a bonus depreciation, then you can depreciate 100% during the first year. You can also use the bonus depreciation with a section 179 expensing in order to depreciate expensive assets, but the section 179 expensing comes first and then the bonus depreciation.

7 0
4 years ago
How does a firm in perfect competition identify profit maximizing output levels? How does this differ from profit maximization l
igor_vitrenko [27]

Answer: A monopolistic company will produce to the point where the marginal cost is equal to marginal income, which is the production point called optimal.

Marginal Income = Marginal Cost

In other words, from that point the company is not able to obtain more profit if it increases its production. Because it happens that the cost of producing one more unit is greater than the marginal income for that unit, it would be necessary to reduce the level of production because it is excessive.

As in a situation of perfect competition the company is accepting price, then it sells its product at the price given by the market, so its optimal point will be: Marginal Cost = Marginal Income = Price

6 0
3 years ago
As EBIT drops, the return on equity (ROE) of a levered firm drops ______ the ROE of an otherwise identical unlevered firm.
Pepsi [2]

Answer:

Relatively more than

Explanation:

As we know,  

The levered firm is that firm in which debt is involved whereas unlevered firm is that firm in which there is no debt involved.  

As if the EBIT drops, the return on equity drop is relatively more than the ROE of unlevered firms due to involvement and not involvement of debt. As it generated high risk and return which is gradual increases during a given period of time  

3 0
3 years ago
Which term describes the purely competitive market structure where many buyers are trying to satisfy a similar need with uniquel
bonufazy [111]

Answer:

monopolistic competition                          

Explanation:

Monopolistic competition refers to the characteristic of a sector in which several companies offer similar but not flawless replacements for products. Barriers to entry as well as an exit in such a competitive monopoly sector are minimal, and any company's judgments have no direct impact on those of its rivals. Monopolistic competition is strongly linked to the mark distinguishing corporate strategy.

The monopolistic rivalry is a middle way among monopoly with perfect competition, mixing individual elements. Both companies have the same, comparatively low level of market dominance in monopolistic competitiveness; they are all value-makers. The demand is strongly elastic throughout the long run, implying it is vulnerable to price movements            

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3 years ago
Describe how you would incorporate adult learning principles and methods of experiential learning from this course into the Maer
snow_lady [41]

Answer:

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3 0
3 years ago
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