Answer: Marcus can afford a loan of $167,597.76.
The mortgage factor tells us the monthly principal and interest rate payable for each $1000 of a loan.
Since we know the mortgage factor and the amount Marcus can make each month, we can determine the number of $1000 in his loan amount.
We do this by ![\frac{900}{5.37} = 167.5977654](https://tex.z-dn.net/?f=%5Cfrac%7B900%7D%7B5.37%7D%20%20%3D%20167.5977654)
This means that Marcus' loan will have 167.5977654 thousands.
Therefore we can find the amount of mortgage loan as
![167.5977654 * 1000 = 167597.7654](https://tex.z-dn.net/?f=167.5977654%20%2A%201000%20%3D%20167597.7654)
Answer:
Overapplied overhead is $1,000.
Explanation:
predetermined factory overhead rate=Budgeted overhead/Budgeted volume
=(234,000/39.000)=$6/machine hour
Hence applied overhead= predetermined factory overhead rate*Actual volume
=(6*38.500)=$231.000
Hence since applied overhead is greater than actual overhead;
overapplied overhead=(231,000-230.000)=$1,000.
Answer:
B) existing carriers prevented from responding to new entrants' lower prices
Explanation:
The theory of contestable markets refers to markets with no entry or exit barriers. It was developed by William Baumol. In a contestable market, the number of participating firms is not important. For example, an oligopoly might exist, but if the entry barriers are low they will be forced to act competitively.
What makes existing firms competitive in this type of market, is the risk of new competitors entering the market and reducing their market share. That is why companies will try to make normal profits, because if they are too profitable, lots of potential competitors might enter the market and grab their customers.
Firm I should begin distribution on its own in order to prevent loss and
liquidation of the company.
It is best for the company to become vertically integrated in instances such
as this. Vertical integration involves companies controlling more than one
stage of production.
By so doing, the company can restrategize and ensure its products satisfy
the customers through the adoption of the technology they are complaining
about. This helps to ensure increased profit made from the goods.
Read more about Vertical integration on brainly.com/question/19815172