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Yuki888 [10]
4 years ago
10

The johnsons have accumulated a nest egg of $50,000 that they intend to use as a down payment toward the purchase of a new house

. because their present gross income has placed them in a relatively high tax bracket, they have decided to invest a minimum of $2800/month in monthly payments (to take advantage of the tax deduction) toward the purchase of their house. however, because of other financial obligations, their monthly payments should not exceed $3400. if local mortgage rates are 5.5%/year compounded monthly for a conventional 30-year mortgage, what is the price range of houses that they should consider? (round your answers to the nearest cent.)
Business
1 answer:
algol134 years ago
6 0
Hell no to the no no no
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The balance sheet value of a firm's inventory is $50,000. Suppose that the firm purchases supplies at a cost of $4,000 and adds
IRINA_888 [86]

Answer:

$54,000

Explanation:

Since it is given that the inventory of the firm in the balance sheet is $50,000 and the purchase cost of supplies is $4,000 that is added in inventory

Also the market value of the inventory i.e. currently purchased is $2,500

That represents it changes rapidly

So here by using the historical method, the final amount of inventory that should be reported in the balance sheet is

= $50,000 + $4,000

= $54,000

The same is to be considered

5 0
3 years ago
Quinn has job offers in Wrexington and across the country in Charlieville. The Wrexington job would pay a salary of $50,000 per
vovikov84 [41]

Answer:

c. $66,666.67.

Explanation:

Provided that

Wrexington job paying a salary for $50,000 per year

Charlieville job paying a salary for $40,000 per year

The CPI in Wrexington is 150

The CPI in Charlieville is 90

So, by considering the above information, the Charlieville salary in Wrexington dollars is  

= Charlieville job paying a salary ×  CPI in Wrexington ÷ CPI in Charlieville

= $40,000 × 150 ÷ 90

= $66,666.67

6 0
3 years ago
Beatrice Company estimates that unit sales of its lawn chairs will be 8,000 in October; 8,700 in November; and 9,650 in December
mezya [45]

Answer:

Following are the solution to this question:

Explanation:

                                             Oct              Nov                  Dec              4th Quarter

Unit of budget sales            7,200 \ \ \ \ \ \ \ \ \ \ \ \ 7,400  \ \ \ \ \ \ \ \ \ \ \ \ 7,100  \ \ \ \ \ \ \ \ \ \ \ \ 21,700

 Cost for sale                       27.5 \ \ \ \  \ \ \ \ \ \ \ \ \ \ 27.5 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 27.5\  \ \ \ \ \ \ \ \ \ \ \ \ \   27.5

\text{Complete selling Budgeted}  \$ \ 198,000 \ \ \ \ \ \    \$ \ 203,500 \ \ \ \ \ \ \$\ 195,250 \ \ \ \ \ \ \$ \  596,750

8 0
3 years ago
Kenny is a college student working a part-time job as a mechanic at a local body shop Kenny earns an average of $25 per hour, wo
Natalka [10]

Kenny's net annual pay is $22,800.

Kenny's net monthly pay is $1900.

<h3>What is Kenny's net annual pay?</h3>

Kenny's net annual pay is her gross pay less any deductions such as insurance and taxes.

Kenny's net annual pay = gross pay - health insurance - taxes

Gross pay = $25 x 20 x 52 = $26,000

Kenny's net annual pay = $26,000 - $2200 - $1000 = $22,800

Kenny's net monthly pay = $22,800 / 12 = $1,900

To learn more about taxes, please check: brainly.com/question/25311567

6 0
2 years ago
Kevin is a clerk at a firm that provides investment services to customers, and he earns around $40,000 annually. Upon joining th
ella [17]

In the context of the Weberian model of the U.S. class structure, Kevin most likely belongs to the

  • Working class
<h3>
What is Class Structure?</h3>

This refers to the different social classes in which a person belongs to based on his contributions to society and other factors which includes work hours and paycheck.

With this in mind, based on the fact that Kevin is a clerk and earns around $40,000 yearly, and has basic literacy skills, then we can categorize Kevin as a working class man.


Read more about class structure here:

brainly.com/question/26329893

6 0
2 years ago
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