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Andre45 [30]
3 years ago
9

John House has taken a $250,000 mortgage on his house at an interest rate of 6 percent per year. If the mortgage calls for 20 eq

ual, annual payments, what is the amount of each payment?
Business
1 answer:
stiks02 [169]3 years ago
8 0

Answer:

$21,796.14

Explanation:

Use the Time Value of Money techniques to calculate the amount of each installment (PMT)

PV = $250,000

i =  6 %

n = 20

P/yr = 1

FV = $0

PMT = ?

Using a Financial calculator to input the values as above, each annual instalment/payment will be $21,796.14.

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During 2015 Lopez Corporation reported net sales of $3,200,000 and net income of $1,200,000. Its balance sheet reported average
Sholpan [36]

The asset turnover is 2.4 times.

Asset turnover  = Net sales \div Average total assets

Asset turnover  =  $3,000,000 \div [  $1,000,000 + $1,500,000 ] \div 2

Asset turnover  =  2.4 times

Asset turnover is the ratio of total sales or revenue to average assets. This metric helps investors understand how effectively companies are using their assets to generate revenue. Investors use asset turnover to compare similar companies in the same industry or group.

In the retail sector, an asset turnover of 2.5 or higher may be considered good, but in the utility sector, a company is more likely to aim for an asset turnover between his 0.25 and 0.5.

Learn more about asset turnover at

brainly.com/question/13401474

#SPJ4

8 0
2 years ago
Market size and growth of the total U.S. beer market was estimated to be around $106 billion. The total economic impact of the b
RUDIKE [14]

Answer:false

Explanation:

The current gdp of us is estimated to about $21427.1 billion.

So if beer market is estimated to be $106 billion, the percentage is ($106/$21427.1)*100

= 0.004947*100

=0.4947%

0.497% is not up to 2%

6 0
3 years ago
RESPETAR LA CAPACIDAD DE CARGA DE UN DESTINO TURISTICO, LE ALARGA LA VIDA UTIL.
Papessa [141]

Answer:

La afirmación es correcta.

Explanation:

La capacidad de carga es el número de individuos de una especie determinada que puede ser sostenido por un medio ambiente. En general, la capacidad de carga se logra en algún momento porque las especies tienden inherentemente a reproducirse. Por ejemplo, si hay comida para 100 peces en un estanque, la capacidad de carga del estanque es para 100 peces. En la actualidad, no se sabe con certeza cuántas personas podrá sostener la Tierra, pero se ha argumentado que la población humana en la Tierra ya ha superado el límite de la capacidad de carga del planeta.

Cuando una población (individuos de una especie en un área) excede su capacidad de carga a medida que crece, a menudo colapsa, ya que una población sobredimensionada destruye sus propias condiciones de vida.

6 0
3 years ago
In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 when
den301095 [7]

I am not sure what your other choices are, but this choice is not correct.

Economies of scale deal with marginal costs and NOT total costs. You would always expect TOTAL costs to go up when you produce more of an item, even when you have economies of scale. Economies of scale says that costs go up LESS with each new unit up until a certain point

4 0
3 years ago
An obligation that has an interest rate that floats and that is reset on a daily or weekly basis, and that gives the holder the
Schach [20]

Answer:

Variable rate demand obligation

Explanation:

The question is descriptive of a municipal variable rate demand obligation. Through this a municipality issues a long-term security at short-term and lower interest rates. The interest rate is reset at given period. It could be done daily. The holder can decide to put the bond back to the issuer at any of the reset date. They mature finally at a date of 10 years after issuance, and then they will be repaid.

7 0
4 years ago
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