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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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​​Lakeside, Inc. estimated manufacturing overhead costs for the year at $371,000​, based on 180,000 estimated direct labor hours
Anna71 [15]

Answer:

D.$400 over allocated

Explanation:

For computing the over-allocated or under-allocated amount, first, we have to determine the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $371,000 ÷ 180,000 hours

= $2.06

Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 190,000 hours × $2.06

= $391,400

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $391,000 - $391,400

= $400 over - applied

7 0
2 years ago
In Lopez Company, total material costs are $36,400, and total conversion costs are $55,080. Equivalent units of production are m
Elina [12.6K]

Answer:

Material cost per unit = $3.64

Conversion cost per unit = $4.59

Manufacturing cost per unit = $8.23

Explanation:

1. Calculate the unit cost for materials:

Material cost per unit = \frac{36,400}{10,000}

Material cost per unit = $3.64

2. Calculate the unit cost for conversion costs:

Conversion cost per unit = \frac{55,080}{12,000}

Conversion cost per unit = 4.59

3. Calculate the total manufacturing costs:

Manufacturing cost per unit = Material cost per unit + Conversion cost per unit

Manufacturing cost per unit = $3.64 + $4.59

Manufacturing cost per unit = $8.23

3 0
3 years ago
At the end of 2017, companies from one country collectively owned $22 billion in assets in its neighboring country. The $2 billi
Nastasia [14]

Answer:

A. Stock

Explanation:

The Stock of Foreign Direct Investment (FDI) measure the total level of direct investment at a given point in time, usually the end of a quarter or of a year.

The outward FDI stock is the value of the resident investors' equity in and net loans to enterprises in foreign economies.

6 0
3 years ago
Marisol, an HR manager at a technology firm, is entrusted with the task of hiring a member for a new team. She has already recei
sp2606 [1]

Answer: Recruitment

Explanation: In simple words, recruitment refers to the process of selecting the suitable employees within an organisation. It involves setting the criteria of selection, attracting the candidates and appointing them in the job they seem capable of.

In the given case, Marisol is hiring the employees and also evaluating the tasks to be performed in the new job.

Hence we can conclude that the correct option is B.

4 0
3 years ago
Difference between qualified and ordinary dividends
DedPeter [7]

Answer:

A qualified dividend is taxed at the capital gains tax rate and ordinary dividends are taxed at standard federal income tax rates. Qualified dividends must meet special requirements put in place by the IRS.

Explanation:

4 0
2 years ago
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