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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.

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

<u>It can also decrease</u> 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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Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the b

faltersainse [42]

Answer: 4.16 weeks.

Explanation:

To calculate this we will use the Weeks of Supply formula as well as an assumption of a 52 week year. There are a couple of variants to the formula but for the purpose of the details given here we shall use the following,

Weeks of supply = (Average inventory/ Cost of goods sold) * 52 weeks

= (2/25)*52

= 4.16

The weeks of supply the firm holds is therefore 4.16 weeks.

If you have any questions or need any clarification, please do react or comment. Thank you.

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3 years ago

Ms. Jorgen recently moved from Boston to Pittsburgh to take a job with OP Inc. She sold her home in Boston and OP paid the $14,5

drek231 [11]

Answer:

Ms. Jorgen will report only the Taxable gain and losses from the purchase and will not report the commission paid for by OP Inc

Explanation:

Gross Income Definition is total amount( the amount is $14500), in cash(the $14500 is cash) or otherwise ( asset value), Accrued to, received by or in favor of ( the amount of $14500 is in paid in favor of her) and must not be of a capital nature ( the commission is of a capital nature. Therefore it will not be reported as income.

5 0

4 years ago

An investment offers a total return of 14.0 percent over the coming year. Janice Yellen thinks the total real return on this inv

Oduvanchick [21]

Answer:

8.06%

Explanation:

According to the Fisher equation

( 1 + Total rate of return) = (1 + real rate of return) x ( 1 + inflation rate)

(1.14) = (1.055) x ( 1 + inflation rate)

Inflation rate = 1.080569 - 1 = 0.080569 = 8.06%

7 0

4 years ago

When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will

kipiarov [429]

When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will expect an ownership stake in the company in exchange for financial backing.

Venture capitalists are investors that provide capital to small businesses, young companies, and start-ups in exchange for an equal value share in the asset and expect ownership.

Small businesses do not have adequate capital and turn to venture capitalists for financial backing to expand and upscale their projects. Venture capitalists do not invest in budding businesses but choose businesses that have strong management and clear concepts and are ready to market their products. Due to uncertainty in the investment outcome, venture capitalists tend to have a high failure rate, but the investments that do pan out tend to be high yield.

You can learn more about venture capitalist at

brainly.com/question/18776651

#SPJ4

5 0

2 years ago

Cruiseline offers nightly dinner cruises off the coast of Miami, San Francisco, and Seattle. Dinner cruise tickets sell for $

sertanlavr [38]

Answer:

a. Contribution margin per passenger ($50-$20) = $30

b. Contribution margin ratio (30/50) = 60%

c. Operating Income (390000-270000) = $120,000

d. Operating Profit = $42,000

Explanation:

a. Contribution formula = Sale - Variable Cost

Sale price per passenger = $50

Variable Cost per passenger = $20

Contribution margin per passenger ($50-$20) = $30

b. Contribution Margin ratio formula = Contribution/Sale

Sales per passenger = 50

Contribution per passenger = 30

Contribution margin ratio (30/50) = 60%

c. Operating profit = Contribution margin- Fixed Cost

Monthly sale total for 13000 passenger

Sale per passenger = $50

Total sale for 13000 passenger 13000*50 = $650,000

Contribution Margin per passenger =$30

Total Contribution margin for 13000 passenger = 13000*30 = $390,000

Less: Fixed Cost = 270,000

Operating Income (390000-270000) = $120,000

d. Contribution margin formula= (Sale x Contribution margin ratio)

Contribution margin = (520000*60%) = $312,000

Less: Fixed Cost = 270,000

Operating Profit = $42,000

3 0

3 years ago

Read 2 more answers