Correct option is d : principal, interest, taxes, insurance.
Housing expenses are commonly referred to as piti. piti stand for principal, interest, taxes, insurance.
Principal, interest, taxes, insurance or in other words PITI are the sum components of a mortgage payment. Specially, components of the mortgage payment consists of the principal amount, loan interest, property tax, as well as the homeowners insurance and private insurance premiums mortgage.
PITI is generally quoted on the monthly basis. It is then compared to a borrower's monthly gross income for computing the front-end and back-end ratios of any individual.
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Answer:
Activity rate for testing $66.22 per test
Explanation:
we will divide the cost pool over the expected activity base
In this case we divide the $124,500 over the 1,880 tests
124,500 / 1,880 = 66,2234 = 66.22
The federal funds rate is the interest rate at which private depository institutions (mostly banks) lend balances (federal funds) at the Federal Reserve to other depository institutions. reserves that banks lend to each other; Federal Open Market Committee
Answer:
$38.40
Explanation:
Target Cost = Selling Price per Unit - Profit Margin per Unit
Here, Selling Price per Unit = $40
Profit Margin = 16% of the Investment in Product
Investment = $ 300,000
Profit Margin = 16% × 300,000
= $48,000
Number of Units Sales = 30,000 Units
Profit Margin per Unit:
= Profit Margin ÷ Number of Units Sales
= $48,000 ÷ 30,000
= $1.6
Therefore,
Target Cost per Unit:
= Selling Price per Unit - Profit Margin per Unit
= $40.00 - $ 1.60
= $38.40
Answer:
b. Land improvement.
Explanation:
Total assets include current assets, fixed assets, and intangible assets Current assets include cash, stock, receivable account, etc. Fixed assets include plant & machinery, property, facilities, furniture & equipment, land, etc.
And the intangible assets are trademarks, copyrights, goodwill, and other intellectual properties.
The main difference between land and land improvements is that the land is a non-depreciable asset plus it has unlimited life whereas land improvement is depreciated assets and it has a limited life.
The example of land improvement includes the parking lot, lighting, fences, etc
