Answer:
It can take a mortgage up to 90,819 dollars
Explanation:
1,300 per month
-300 maintenance and other cost
1,000 per month
What is the PV of an annuity of 1,000 dollars
C 1000 (proceeds from the rent)
time 240 (20 year x 12 month per year)
rate 0.01 ( 12% / 12 months = 1%)
PV $90,819.4163
It can take a mortgage up to 90,819 dollars
Answer: (E) Harvesting
Explanation:
The harvesting is one of the type of marketing strategy that retain the goods and the services in the production line and also reduces the market cost or spending on the specific products.
The harvesting strategy is also known as the exist strategy in the market and the main objective of the harvesting strategy is that it maximize the product profits and also has the opportunity for trading in an organization for distributing the shares.
Therefore, Option (E) is correct.
Answer: 30%
Explanation:
We should note that debt payments-to-income ratio is calculated as:
= Debt payment / Net income
= 762 / 2540
= 0.3 or 30%
Therefore, the debt payments to income ratio is 30%
Answer:
The major advantage of multiple step income statement is that it breaks down the operating revenues and the costs incurred in the business.
It shows separated Gross profit which can be calculated as: Sales - COGS.
Apart from that, it shows separate Operating Income: Gross Profit - Operating expenses.
Lastly, it shows Net income: Operating income + non operating income.
Hence, concluded that, multiple step income statement offers a greater and detailed picture as compared to single step income statement.
Hope this helps.
Good Luck buddy.
I believe the answer is: A. Cars typically lose the most value in the first year after purchase
As the miles usage in cars increase, the quality of the machine tend to deteriorate, which would lead to the decrease in the cars' value. On top of that, the new model that given by car companies tend to possess better technology/design. On average, cars tend to lose 15 - 25 % in value during the first year.
