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Delvig [45]
4 years ago
9

A lender agrees to loan you 80% of the first $ 60,000 and 70% of the remainder of the purchase price of a home. The contract pri

ce of the house you want is $ 80,000. How much down payment do you need?
a. 22000b. 18000c. 16000d. 14000
Business
1 answer:
zmey [24]4 years ago
8 0

Answer:

b. $18,000

Explanation:

For computing the down payments, first we have to determine the lending amount and remaining amount which are shown below:

Lending amount = $60,000 × 80% = $48,000

Remaining amount = ($80,000 - $60,000) × 70% = $14,000

Total amount equals to

= $48,000 + $14,000

= $62,000

Now the down payment would be

= $80,000 - $62,000

= $18,000

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Swifty's Market used the perpetual method to record the following events involving a recent purchase of inventory:
butalik [34]

Answer:

Inventory balance will be of 73,318

Explanation:

Inventory                     75,400

     Account payable                75,400

to record goods received

Account payable           1,300

           Inventory                          1,300

to record return of goods

Inventory                          700

            Cash                                  700

to record payment of freight

Account Payable        74,100

            Inventory                         1,482

            Cash                              72,618

to record payment of invoice within discount period

75,400 - 1,300 = 74,100

74,100 x 2% = 1,482

Inventory balance:

<em>   DEBIT         CREDIT</em>

 75,400

                       1,300

      700

                       1,482

<u><em>balance: </em></u>

  73,318

8 0
3 years ago
According to McGregor’s ________, working is as natural an activity as resting or playing, and people will work hard to achieve
qwelly [4]

Answer: Theory Y

Explanation:

Theory Y is one of the human work motivation created by McGregor. The theory states that "workers that are motivated and enjoy their work will perform better without a direct reward system". This happens when managers value their employees and see them as assets.

7 0
4 years ago
Trent Automobiles Inc. was expecting a large shipment of scrap metal a week earlier. As the shipment did not arrive on time, the
elena-s [515]

Answer:

Lack of efficiency.

Explanation:

As Trent Automobiles Inc. was expecting a large shipment of scrap metal and due to the fact that it could not arrive on time, the only way to compensate the loss was to make an urgent order for same quantity of scrap metal from a local manufacturer, which led the company to compromise on the quality. If proper track was kept and all the upcoming scenarios had been calculated before hand with a ready substitute raw materials before hand, this would have been not the result. Thus, this indicates a complete lack of efficiency from the side of management of the company.

8 0
4 years ago
Juan has many business ideas that could satisfy the unfulfilled needs of people who live in his community. However, there are la
Sati [7]

Answer:

d) economic and legal

Explanation:

As Juan is going to start a business by satisfying the unfulfilled needs of his community, it means definitely going to target a niche market, therefore chances of success are quite higher but as far as economic and legal factors are concerned, they surely either can increase the restrictions over him with the help of many possible laws and adding various taxes or can lower the risk of initiating a new venture by finding him a suitable financier who could finance his business effectively.  

8 0
3 years ago
Viable strategic options companies should consider in tailoring their strategy to fit circumstances of emerging country markets
Pavel [41]

Viable strategic options companies should consider in tailoring their strategy to fit circumstances of emerging country markets include all of the following, EXCEPT <em>staying away from those emerging markets where it is impractical to modify the company's business model to  accommodate local circumstances.</em>

Explanation:

<em>Staying away from those emerging markets where it is impractical to modify the the company's business model to accommodate local circumstances</em> is not the best because in the long run the institution will be forced to conform with their business model which could change their mission and activities entirely. Therefore it should work on how it can please the market in a way so it can feed it at least.

#learnwithbrainly

4 0
4 years ago
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