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Romashka [77]
3 years ago
8

If you buy a home that costs $100,000, it is currently worth $200,000, and you still owe $50,000 on it, how much equity do you h

ave in the home?
Business
1 answer:
givi [52]3 years ago
6 0

Answer:

$150,000.00

Explanation:

Home equity describes the difference between the appraised value of a home and the outstanding mortgage amount. In other words, home equity equals to estimated current value minus mortgage balance.

In the cases:  Current value $ 200,000

Mortgage balance : $50,000

home equity : =$200,000-$50,000

                        =$150,000.00

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steposvetlana [31]

Answer: voice

Explanation:

3 0
2 years ago
Choose the term that matches each definition:
Mrac [35]

Answer and Explanation:

a. 4. Common ion effect, this is due to reduction in common ion effect

b. 1. SOlubility as the salt would be dissolved in 100 ml of water

c. 5. Saturated solution as the solution would be dissolved completely

if any extra addition to be made than it would not dissolved

d.  3. Solubility product constant as it used the equation

e. 2- Molar Solubility as the maximum moles would dissolve in 1 liter of solution

5 0
2 years ago
2.3 The Ledger and Posting
blsea [12.9K]

The net change in the Cash account balance from these three transactions is $30,000

What is the company's net change in cash account balance?

The net change in company's cash balance is the excess of its cash inflows from sources minus its cash outflows from all sources, in other words, the net change in cash balance from the three transactions is the funds raised long-term debt issuance and the amounts paid for equipment and raw materials

net change in cash balance=$200,000-$150,000-$20,000

net change in cash balance=$30,000

Find out more cash flow statement on:brainly.com/question/14942025

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8 0
2 years ago
Data were collected on the amount spent by 64 customers for lunch at a major Houston restaurant. These data are contained in the
Naddik [55]

Answer:

a) ME= 1.93

b) confidence interval= (19.59,23.45)

Explanation:

a) Sample of customers is 64, population standard deviation is 6 and confidence level is 99%

Sample mean= 21.52

Sample size= 64

Confidence level= 99%

Population standard deviation= 6

Standard error of the mean= 0.75

Z-value= -2.5758 (From Z table)

Interval half width= 1.9319

Margin of error at 99% confidence interval is 1.93 from the output.

b) Confidence interval

Interval upper limit= 19.59

Interval lower limit= 23.45

99% confidence interval is (19.59, 23.45) from the output.

ME= \frac{23.45-19.59}{2}= 1.93

5 0
3 years ago
By what amount would net income differ if bad debt expense was computed using the percentage-of-receivables approach? Assume tha
Murljashka [212]

Answer:

By following the Accountants Principle and Dicksons policy of debiting Bad debt accounts as Accounts are written off, the Net income would have been impacted negatively (reduced) by the write off from Prior period of $31,330 only

However, by following the % of receivables approach, a total of $31,330 (Write off from prior period) + $9,240 (current period provision for bad debt) will impact the Net Income negatively (reduced)  = $40,570

Explanation:

Accounts receivable balance = $77,000

12% projected uncollectible debt = $9,240

Provision for bad debt under the % of receivables approach = $9,240

Amount written off related to prior year = $31,330

5 0
3 years ago
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