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3 years ago

Match each component of a mortgage with its definition.

Business

1 answer:

Ray Of Light [21]3 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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PA15.

ser-zykov [4K]

Answer:

Happy Trails

Income statement using variable costing

$ $

Sales 1,900,500

Less: Variable costs:

Direct material (27,000 units x $15) 405,000

Direct labour (27,000 units x $15) 405,000

Variable overhead (27,000 units x $3) 81,000

891,000

Less: Closing stock (8,000 units x $33) 264,000

627,000

Add: Variable selling and administrative 133,000 760,000

Contribution 1,140,500

Less: Fixed cost:

Fixed production cost (27,000 x $25) 675,000

Fixed selling and administrative expenses 300,000 975,000

Net profit 165,500

Profit reconciliation statement

Closing stock Net profit

$ $

Absorption costing 464,000 365,500

Less: Marginal costing 264,000 165,500

Difference 200,000  200,000

The difference of $200,000 in net profit is as a result of $200,000 difference in closing inventory.

Explanation:

In variable costing, variable costs are deducted from sales so as to obtain contribution margin. Net profit is the difference between contribution and fixed costs. Closing stock is the difference between production units and sales units. Closing stock is valued at marginal cost per unit in variable costing. Marginal cost per unit is the aggregate of all variable cost per unit.

3 0

3 years ago

HELP ASAP!!!

posledela

1.) A because an origination fee is any fee that adds up to the profit a lender can make on a loan.

2.) True, because there is a reason why the audience would need to listen to the power point (pitch deck) so therefore, you would need it to be on a certain subject for the intended audience.

3.) True

4.) False, because loan interests and credit card interests varies.

5.) False, they vary.

6.) True.

7.) False.

8.) True.

9.) A, Increase.

10.) A, Single Payment Loan

11.) C, Start up costs

12.) A, debt investors

13.) A, Fundraising capital

14.) B, Increase.

I hope this helps, I'm sorry if any answers are wrong.

5 0

4 years ago

Read 2 more answers

Your company will generate $47,000 in annual revenue each year for the next seven years from a new information database. If the

Alla [95]

Answer:

The answer is $252415.91

Explanation:

Solution

Now

A step bu step solution is provided below in showing the present value of the savings

Given that:

Year Annual Revenues Calculations Present value

1 $47000 $47000 / (1.071)^1 $43884.22

2 $47000 $47000 / (1.071)^2 $40975

3 $47000 $47000 / (1.071)^3 $38258.63

4 $47000 $47000 / (1.071)^4 $35722.35

5 $47000 $47000 / (1.071)^5 $33354.2

6 $47000 $47000 / (1.071)^6 $31143.04

7 $47000 $47000 / (1.071)^7 $29078.47

Total present value $252415.91

Hence the current or present value of the savings is $252415.91

7 0

4 years ago

Market failure occurs when A. the market system fails to allocate resources to each individual according to their needs. B. the

AysviL [449]

Answer:

B. the unrestrained market economy leads to too few or too many resources going to a specific economic activity.

Explanation:

The economic situation whereby the distribution of goods and services in the free market becomes inefficient is known as Market Failure. It is the phenomenon in which price system fails to account for all the costs and benefits necessary to provide and consume a good or service. It occurs when the unrestrained market economy leads to too few or too many resources going to a specific economic activity. It also occurs when there is a state of disequilibrium in the market due to market distortion.

3 0

4 years ago

Read 2 more answers

Totito Inc. issues $100,000 face amount bonds at $98,000. The journal Totito Inc. issues $100,000 face amount bonds at $98,000.

nevsk [136]

Answer:

Dr. Cash $98,000

Dr. Discount on Bond $2,000

Cr. Bond payable $100,000

Explanation:

If the bonds are issued at a price below the face value then the bonds are issued on a discounted value. The difference between face value and issuance value is known as discount. This discount is recorded separately and amortized over bond's life.

As per given data

Face value = $100,000

Issuance value = $98,000

Discount = $100,000 - $98,000 = $2,000

4 0

3 years ago