3 years ago

A borrower who wants to minimize interest should try to:

Business

2 answers:

dimaraw [331]3 years ago

6 0

Answer:

A. select a loan with a low simple interest rate.

Explanation:

adoni [48]3 years ago

5 0

A. select a loan with a low simple interest rate.

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Fred and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2019. They have four dependents and file a joint

valkas [14]

Answer:

$800

Explanation:

Fred and Lucy's itemized medical expenses are:

doctor and dentist bills + hospital expenses $9,200

minus reimbursements ($4,400)

unreimbursed expenses $4,800

Health insurance premiums $5,000

Prescribed medicines and drugs $3,000

Total medical expenses $12,800

minus 10% of AGI = 10% x $120,000 ($12,000)

Deductible medical expenses $800

Contribution to qualified Health Savings Accounts are deducted directly from the AGI, and should not be included as medical expenses.

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3 years ago

Which of the following sections of the federal bankruptcy laws deals with consumer debt adjustment plans? a. Chapter 11 b. CRO p

arsen [322]

Answer:

Chapter 13

Explanation:

Federal bankruptcy law is a set of rules that allows the cancellation of certain debts and also specify time for the repayment of non dis chargeable debts. It contains different section that addresses different bankruptcy cases.

Chapter 13 of the law deals with debt adjustment plans. It allows that some loans be re structured and the principal value of the collateral reduced to the market value. Repayment rate can also be lowered and the period extended over a longer period to allow ease of payment.

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3 years ago

A good investment should do one or both of which two things? A. Grow in value or produce income B. Raise prices or increase dema

cluponka [151]

A. Grow in value or produce income

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3 years ago

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Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $70

fenix001 [56]

Answer:

The answer is: The overhead variance was $1,700 and it was overapplied

Explanation:

Victryl's estimated overhead cost per labor hour was:

$700,000 / 35,000 = $20 per labor hour

If during February, Victryl had 5,000 direct labor hours, then its estimated cost should have been: $20 x 5,000 = $100,000 estimated overhead cost

The actual overhead cost was $98,300, which is $1,700 less than the estimated cost.

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3 years ago

9. The risk-free rate and the expected market rate of return are 5.6% and 12.5%, respectively. According to the capital asset pr

Scrat [10]

Answer:

21.2%

Explanation:

CAPM = risk free rate +( beta x expected market return)

5.6% + (1.25 x 12.5%) = 21.2%

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3 years ago