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2 years ago

Match each component of a mortgage with its definition.

Business

1 answer:

Ray Of Light [21]2 years ago

6 0

Answer:

Fees-the additional costs a lender charged for processing a loan

Principal-The amount initially borrowed from a lender

Taxes-payments homeowners are required to make each year to the government

Down payment- the amount a borrower needs to have on hand to obtain a mortgage

Explanation:

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If the government places a $2 tax per bag of potato chips on the producers, what would the consumers of potato chips observe? a.

Anon25 [30]

Answer

d. the price of potato hips would rise by some amount

Explanation:

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2 years ago

A________ is a probable future sacrifice of economic benefits arising from present obligations to transfer assets or provide ser

Nastasia [14]

Answer:

Liability

Explanation:

A liability is a probable future sacrifice of economic benefits arising from present obligations to transfer assets or provide services as a result of past transactions or events. Liabilities usually result in the outward flow of economic resources. Examples are loan payable, accounts payable, accrued expenses, deferred revenue etc. Liabilities are usually recognized as credit balances in the balance sheet and are classified into current and non-current based on the probable timing of the sacrifice of economic benefits.

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2 years ago

The factor that has the greatest impact on your credit score is what

OverLord2011 [107]

Late and unpaid bills

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3 years ago

Stilley Corporation had earnings after taxes of $438,000 in 20X2 with 200,000 shares outstanding. The stock price was $42.10. In

charle [14.2K]

Answer:

a) Earnings Per Share for 20X2 = 2.19

P/E ratio for 20X2 = 19.22

b) Earnings Per Share for 20X3 = 1.04

P/E ratio for 20X3 = 27.21

Explanation:

a) Compute earnings per share and the P/E ratio for 20X2.

The compute the earnings per share use the following:

Earnings Per Share for 20X2 = (Earnings after tax-Preference Dividend) / shares outstanding

$= \frac{438,000 - 0}{200,000} = 2.19$

Earnings Per Share for 20X2 = 2.19

Then find P/E ratio:

P/E ratio for 20X2 = Market Price per share / Earnings Per Share

$\frac{42.10}{2.19} = 19.224$

P/E ratio for 20X2 = 19.22

b) Compute earnings per share and the P/E ratio for 20X3.

The compute the earnings per share use the following:

Earnings Per Share for 20X3 =(Earnings after tax-Preference Dividend) / shares outstanding

$= \frac{208,000 - 0}{200,000} = 1.04$

Earnings Per Share for 20X3 = 1.04

Then find P/E ratio:

P/E ratio for 20X3 = Market Price per share / Earnings Per Share

$\frac{28.30}{1.04} = 27.21$

P/E ratio for 20X3 = 27.21

5 0

2 years ago

Pittsboro Corporation produces and sells a single product. Data for that product are: Sales price per unit $590 Variable cost p

Fofino [41]

Answer:

The company will need to sale 3,883 units to maintain its current operating income of 400,000

Explanation:

We will calculate the point at which the company mantains his current income in units at the new scenario:

$\frac{Fixed\:Cost + target \: income}{Contribution \:Margin} = Break\: Even\: Point_{units}$

Where:

$Sales \: Revenue - Variable \: Cost = Contribution \: Margin$

625 - 190 = 435 each units contributes this amount to afford the fixed cost and make a gain.

Current income: contribution x units sold - fixed cost

(590-190) x 4,000 - 1,200,000 = 400,000

(1,200,000 + 89,000 + 400,000) / 435 = 3,882.75862 = 3,883 units

The company will need to sale 3,883 units to maintain its current operating income of 400,000

5 0

2 years ago