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Vlad [161]
3 years ago
5

On July 1 of the current year, Marcia purchases a new home and borrows $320,000. Marcia is required to pay two points on the loa

n. The loan is secured by the residence and the charging of points is an established business practice in the area. The term of the loan is 20 years, beginning on July 1 of the current year. How much, if any, of the points may Marcia deduct in the current year?
Business
1 answer:
Masja [62]3 years ago
4 0

Answer:

$6,400.

Explanation:

Because these points are paid in connection with the purchase of a principal residence, Marcia may deduct $6,400 ($320,000 × 2%) as interest expense during the current year.

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Answer: (A) Budget

Explanation:

 Budget is one of the type of financial plan that is create according to our requirement and also budget.

A budget is one of the type of document  that is used for describe the detailed plan in the future and it is usually expressed into the quantitative terms.

 The main objective of the budget is to creating a proper plan based on the expenses, revenue, liabilities and the cost in an organization and it also helps in balancing our expenses with the income.    

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5 0
3 years ago
In the ______ quadrant of the core competence--market matrix, the focus is on leveraging current core competencies to improve cu
son4ous [18]

The place in the quadrant where there is the focus is on leveraging current core competencies to improve current market position is known as:

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<h3>What is a Market?</h3>

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With this in mind, we can see that in the existing competence--existing market, there is a focus is on leveraging current core competencies to improve current market position.

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3 0
2 years ago
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REY [17]

Answer: A

Explanation:

The borrower can adjust the monthly payment depending on his or her income.

8 0
4 years ago
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Coordination is the right answer
7 0
3 years ago
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Select the correct answer.
Daniel [21]

Answer:

Which element can be used as a hook in an essay?

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Main idea is used as an hook in writing essay because it gives the reader an idea of the message being passed by the writer.

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