What do you prefer Aldi or Lidl? and why?

Suppose someone borrows $552,000 today to buy a house in Davis, CA. If the annual interest rate is 4%, with monthly compounding,

galina1969 [7]

Answer:

Monthly Repayment on Loan = $2634.06

Explanation:

given data

principal = $552,000

annual interest rate = 4% = 0.333% monthly

solution

for get here fair value monthly mortgage payment we consider here time period is 30 year = 360 months

so now we apply here Monthly Repayment on Loan formula that is

Monthly Repayment on Loan = principal × $\frac{r(1+r)^t}{(1+r)^t -1}$ .................1

put here value and we get

Monthly Repayment on Loan = 552000 × $\frac{r(1+0.333)^{360}}{(1+0.333)^{360} -1}$

Monthly Repayment on Loan = $2634.06

4 0

2 years ago

On July 31, 2017, Crane Company had a cash balance per books of $6,355.00. The statement from Dakota State Bank on that date sho

Ivan

Question Completion:

Prepare a bank reconciliation statement as of July 31, 2017.

Answer:

<h3>Crane Company</h3>

Bank Reconciliation Statement as of July 31, 2017

Balance as per bank statement $7,905.80

Add Uncredited deposits 1,309.30

Less Checks outstanding 1,979.10

Balance as per adjusted cash book $7,236.00

Explanation:

a) Data and Analysis:

July 31, 2017:

Cash balance per books of $6,355.00

Bank statement balance = $7,905.80

Reconciling items:

1. Bank service charge$19.00

2. Direct EFT receipt $1,630.00

3. Uncredited deposits $1,309.30

4. Understated check No. 2480 $45

5. Checks outstanding $1,979.10

6. NSF charge of $685.00 (W. Krueger)

Cash Book Adjustment as of July 31, 2017

Balance as per cash book $6,355.00

add: Direct EFT receipt 1,630.00

less: Bank service charge 19.00

Understated check No. 2480 45.00

NSF charge 685.00

Adjusted Cash Book balance $7,236.00

3 0

2 years ago

Steven watched the island get bigger as they approached. Now he could see buildings and roads. He saw that they were approaching

SVETLANKA909090 [29]

The answer would be a

7 0

2 years ago

Read 2 more answers

The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fans and casual

Reika [66]

Answer:

B) $125,000

Explanation:

Price discrimination strategy refers to charging each customer the maximum amount of money he/she is willing to pay for a product.

In this case, the concert promoters should charge $150 per ticket to 1,000 die hard fans = $150,000 in revenue.

Then it should charge only $50 per ticket to 500 casual fans = $25,000 in revenue.

Total revenue = $150,000 + $25,000 = $175,000

<u>minus total costs = ($50,000) </u>

Net income = $125,000

6 0

2 years ago

Each currency has a changing value relative to other countries. This is referred to as the country’s blank

alex41 [277]

Each currency has a changing value relative to other currencies. This is referred to as a<u> "currency's exchange rate."</u>

An exchange rate is the rate at which one currency will be exchanged for another, it is additionally viewed as the estimation of one nation's cash in connection to another currency.

Exchange rates are resolved in the foreign exchange market, which is available to an extensive variety of various sorts of purchasers and venders, and where money exchanging is ceaseless: 24 hours daily aside from ends of the week.

3 0

2 years ago

What do you prefer Aldi or Lidl? and why?​

What do you prefer Aldi or Lidl? and why?