Answer:
The home must sell for $616,500 to be able to settle all costs
Explanation:
The net to the formula can be used to ascertain the price of the property , the formula is given below:
Net amount=Sales price*(100%-commission rate)
The net to the seller in this case is the amount that seller would receive and be able to settle mortgage and closing costs and still be left with $75000
Net amount =$75000+$450000+$36000
=$561000
commission rate is 9%
$561000=sales price*(100-9%)
$561000=sales price*91%
sales price =$561000/91%
=616483.52
But to the nearest $100 is $616500
Answer:
$9,813.54
Explanation:
The face value of the T-bill is $10,000
Return of 1.9%
P= $10,000/1.019
= $9,813.54
Therefore the price you would expect a 6-month maturity Treasury bill to sell for is
$9,813.54 because The face value of the T-bill is $10,000 and the investors can earn a return of 1.9% per 6 months on a Treasury note with 6 months remaining until maturity leading to increase in the return of 1.9% because 1.9% will give us 0.019 plus increase of 1 which will give us 1.019.
Answer:
BUDGET LINE
Explanation:
Budget Line is graphical representation of product combinations that a consumer can buy, given product prices & income (all spent)
It is downward sloping because of inverse relationship between goods - one good's consumption has to be decreased to increase other good's consumption, given same prices & income.
Budget Line Equation : x.px + y.py = m
[x = quantity of good x, px = price of good x, y = y good quantity, py = good y price, m = money income].
Slope of Budget line is : Amount of a good sacrifised to attain the other good, given same prices & income. The sacrifise ratio gets derived from the price ratios of the two goods.
Budget Line Slope = ΔY / ΔX = PX / PY
Answer:
the supplies expense for the year 2019 is $5,400
Explanation:
The computation of the supplies expense for the year 2019 is as follows:
Supplies Expense = Opening balance of Office supplies + Purchase of supplies during the year - ending balance of Office supplies
= $1,300 + $5,600 - $1,500
= $5,400
Hence, the supplies expense for the year 2019 is $5,400
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Mutual Funds are simply a way to pool money together and buy more stocks. You invest into a mutual fund along with many other people. Then your pooled money is invested by the manager of the mutual fund. They are generally conisdered safe as they are run by "stock gurus".