Which best describes the purpose of insurance for the insured?

Audrey sanborn has just arranged to purchase a $450,000 vacation home in the bahamas with a 20 percent down payment. the mortgag

mote1985 [20]

Aubrey pays 20% of the cost upfront, which means her loan amount will be 360,000. The formula to calculate her monthly payment is Payment = Principal x (r) / (1-(1+r)^n), where r is the monthly rate of interest (7.5%/12=.63%), and n is the number of terms (30*12=360). The calculation yields a monthly payment of 2517.17. We can find the present value of the first 96 payments (12 x 8) to find how much principle will be paid down, and what the balloon payment will need to be to pay off the rest of the principle.

<span>The Remaining balance of a loan is found through the following calculation: PV(1+r)^n – (P(1+r)^n)-1))/r where PV is the initial loan amount, P is the monthly payment 2515.17, n is 96 and r is .0063, the monthly rate</span>. This calculation gives us roughly $325,001 remaining on the loan after 8 years, so this will be the balloon payment.

3 0

4 years ago

You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $50

sveticcg [70]

Answer:

1) fixed cot increase to $1,875‬ from $1.5

2) the marginal contribution per paper do not change as the change in volume do not make a change in the variable cost nor sales price.

3)

minimum to break-even at 1,000,000 units = $1.95

at 800,000 units: $2.4375

Explanation:

rent expense 500,000

labor 1,000,000

total fixed 1,500,000

variable cost:

0.35 printing and 0.10 delivery = 0.45

Fixed cost:

1,500,000 / 1,000,000 = 1.5

new fixed cost:

1,500,000 / 800,000 = 1,875‬

<u><em>to break even: </em></u>

$\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}$

1,500,000 / (selling price - 0.45 variale cost) = 1,000,000

selling price: (1,500,000 + 0.45 x 1,000,000) / 1,000,000

selling price: 1.95

1,500,000 / (selling price - 0.45 variale cost) = 800,000

selling price: (1,500,000 + 0.45 x 800,000) / 800,000

selling price: 2,4375‬

6 0

3 years ago

It may be considered unethical to work part time (weekdays, ~20h/week) at night while working full time for an employer because:

Fynjy0 [20]

Answer:

The correct answer is letter "A": you are competing with your employer for clients

Explanation:

It is common for some individuals to have two jobs so their monetary needs can be met. However, this scenario can cause a <em>conflict of interest</em> for the employers moreover when employees find a second job in the same field of their primary job. Employers could believe those types of workers may be using the firm's client database for the other job so the employees can increase their income, which would be unethical.

7 0

4 years ago

2. Mr Ralston, a retired postal worker, took his trolley to the check-out at Tip-Top Supermarket. When the cashier started to en

salantis [7]

Mr Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.

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

It should be noted that a contract simply means an agreement between private parties that's enforceable by law.

In this case, Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.

The features of a contract that should be taken into consideration include acceptance and internation to create legal relations.

The supervisor would not likely succeed should he proceed with legal action.

Learn more about contract on:

brainly.com/question/5746834

#SPJ1

3 0

3 years ago

Which of the following subsequent expenditures would be capitalized? Select one: A. Additions. B. Ordinary repairs and maintenan

Yakvenalex [24]

Answer:

C. Additions and improvements.

Explanation:

Additions and improvements are subsequent expenditures would be capitalized.

6 0

3 years ago