Both Viacom and Paramount owned a diverse group of entertainment businesses. QVC was a televised shopping channel. The Paramount
1 answer:
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Answer:
Explanation:
The equation to calculate the <em>monthly payment</em> for fixed-rate loans is:
Where:
- Loan = $8500 - $300 = 8,200
- r is the monthly interest = 5.75% / 12 = 0.0575/12 ≈ 0.00479
- t is the number of moths = 36
Substituting:
The time taken to break even at buying 1 point will be in<u> 9 years</u>.
Given,
- Monthly mortgage payment =$958
- Monthly payment will be reduced to buy 1 point =$948.75
- Cost of each point =$1,000
Computation:
1. The computation of the reduced amount in the monthly mortgage payment:
2. The computation of yearly mortgage payment:
3. The computation of the number of years for the break-even by buying 1 point:
Therefore, to break even by buying 1 point the holder requires 9 years to reach.
To know more about mortgage payments, refer to the link:
Answer:
The cash payments expected for Finch Company in the month of May is $185,600
Thus, the option a is correct.
Explanation:
For computing the cash payment for may month. The following things should be recognized which is explained below:
1. Manufacturing expense : In manufacturing expense, is incurred for particular month and rest
is for following moth.
That means, $195200 × 3÷4 = $146,400 and $156,800 × 1 ÷ 4 = 39,200
So, the total would be $146,400 + 39,200 = $185,600
2. As insurance expenses would not be considered because the information is not given.
3. As property tax is paid in November, so it would not be taken for may month.
Therefore, The cash payments expected for Finch Company in the month of May is $185,600
Thus, the option a is correct.