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3 years ago

What is home equity?

Business

2 answers:

mariarad [96]3 years ago

5 0

Answer:

A proportion of your property that you truly own.

Explanation:

Home equity is a homeowner's interest in a home. It can increase over time if the property value increases or the mortgage loan balance is paid down.Put another way, home equity is the portion of your property that you truly “own.” You're certainly considered to own your home, but if you borrowed money to buy it, your lender also has an interest in it until you pay off the loan.

Btw I found this in a website

Hope this helps

astra-53 [7]3 years ago

4 0

Answer:

A home equity is the total value of your home, having discounted all debts the house owns.

This value may increase depending on the economy of a country, the demand that exists, any remodeling or arrangement that the owner makes in his house, etc.

It can also decrease if the economy of a country is bad or has little demand, or the house is damaged, mortgaged, etc.

If your house is mortgaged and you would like to sell it, then the home equity will be less than if it were not.

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_____ remain constant regardless of how many products are sold

Brut [27]

Fixed cost remained constant regardless of how many products are sold. Fixed cost is a cost behavior which always emerged regardless of the quantity product sold. Machine depreciation expense, insurance expense, and rent expense are several examples of this cost behavior. On the contrary, variable cost is an another type of cost behavior that changes relating to the quantity of the sold product.

7 0

3 years ago

Variable costs as a percentage of sales for Lemon Inc. are 80%, current sales are $600,000, and fixed costs are $130,000. How mu

Stels [109]

Answer:

$8000 (increased)

Explanation:

Given:

Current sales = $600,000

Variable cost = 80% of Sales = $600,000 x 80% = $480,000

Fixed cost = $130,000

Computation of current Operating Income :

= Current sales - Variable cost - Fixed cost

= $600,000 - $480,000 - $130,000

Net Income = -$10,000

Computation of Operating Income(After new sales) :

= New sales - New Variable cost - Fixed cost

= ($600,000 + $40,000) - 80% of ($600,000 + $40,000) - $130,000

= $640,000 - $512,000 - $130,000

Net income after new sales = - $2,000

Change in income = Net income after new sales - Net Income before new sales

= -$2,000 - (-$10,000)

= $8000 (increase)

5 0

3 years ago

John and his wife Martha get a divorce. Per the divorce settlement contract, Martha agrees to pay John alimony in the amount of

OleMash [197]

Answer:

c) the condition subsequent has occurred;

Explanation:

Since in the question it is given that the John and his wife Martha get a divorce and according to the divorce settlement contract she agrees to pay the alimony to John for $5,000 per month for his lifetime or until that time when he should remarry

If John remarries after three years, so the alimony benefits is ceased because the subsequent condition has occurred due to which he will not get the amount further in the future

7 0

3 years ago

The Lynx Manufacturing Company produces components used in electronic toys. In fiscal year 2017, Lynx earned an accounting profi

Mice21 [21]

Answer:

The correct answer is option B.

Explanation:

In 2017, Lynx earned an accounting profit of $3 million.

Lynx's production facilities might have also been used to produce components for mobile phones, which would have generated $2 million in revenues and saved the company $500,000 in production costs.

The accounting profit involves only explicit costs. While economic profit includes both explicit as well as implicit cost.

Here, the implicit cost is the opportunity cost of producing toys components. Lynx could have earned greater profit if it produced components for mobile phone and also could have saved cost of production.

Economic profit

= accounting profit - implicit cost

= $3 million - ($2 million + $500,000)

= $3 million - $2.5 million

= $500,000

So, Lynx had an economic profit of $500,000.

6 0

3 years ago

Sprout has created a unique market offering by integrating its programs with both children and parents. This unique offering tha

stealth61 [152]

Answer:

Differentiating

Explanation:

Sprout has created a unique market offering by integrating its programs with both children and parents. This unique offering that creates superior customer value is known as Differentiating.

Differentiating marketing: It is a strategy when company campaign the product that target two segment of market or two location or two age group.The purpose of differentiation is to gain competitive advantages. It create specialized or differentiated product for different segment in the society. It is one three basic business strategies given by Micheal Porter.

Three basic business strategies are:

Cost leadership
Focus
Differentiation.

5 0

3 years ago