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brilliants [131]
3 years ago
12

Joyce just closed on a condo for $366,900 and put down 20% to obtain an 80% loan and avoid having to pay for private mortgage in

surance. How much equity does she have in her condo
Business
1 answer:
finlep [7]3 years ago
6 0

Answer: $73,380

Explanation: Joyce closed a condo for $366,900.

Putting down 20% of the condo means she puts down = $366,900 @20%

$366,900 @20%= $73,380

While obtaining 80% loan calculated as $366,900 @ 80%

= $366,900 @ 80% = $293,520

From the above calculations Joyce puts down $73,380

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Answer:

b. 104

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Partial balance sheets and additional iformation are listed below for Sowell Company.
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Answer and Explanation:

The preparation of the operating activities section is presented below

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3 0
3 years ago
A company had $7,040,000 in net income for the year. Its net sales were $15,600,000 for the same period. Calculate its profit ma
ivann1987 [24]

The measure of a product, service, or company's profitability is its profit margin. The bigger the percentage representing the profit margin, the more profitable the company is.

Profitability is gauged by profit margin. Finding the profit as a proportion of revenue is used to calculate it.

Profit margin=44.9%

Explanation to the answer:

Profit margin =Net income / sales

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                    =0.44904

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Profit margin =44.9%

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