Answer: The total using monthly housing payment is 1371.01.
The monthly payment on a house usually comprises of four parts - principal, interest, taxes and insurance. Even though taxes and insurance are due only once a year, most home loan lenders require that these amounts be deposited in an escrow account . They then transfer the amounts to the respective agency when the amounts fall due. So, the value of monthly payment is:
We need to calculate the EMI on the housing loan. This will cover the monthly payment on principal and interest
Next we calculate the monthly property taxes and insurance
Monthly property taxes 
Property insurance 
Hence the total housing payment is : 
Answer:
a. The factor distribution of income describes the relationship between
3. capital and total income
b. The factor market and factor prices
1. allocation of income.
Explanation:
In economics, income distribution is defined as how a nation's total GDP is distributed amongst its population. On the other-hand, The factor distribution of income is the division of total income among labor, land, and capital. <em>Factor prices, which are set in factor markets, helps in the determination of the factor distribution of income.</em>
Answer:
a) I will pick the shares and sell them ,as this will yield a better return 6,338 to 5,000
b) I will consider:
- the expectation on the stock price
- and the rate of return in the market
- at current price, it will yield 26.76%
Explanation:
100 shares x 63.38 = 6,338 cash bonus for shares
If the stocks should be retained for at least a year.
there are two components that will need consideration:
the expectation on the stock price
and the rate of return in the market
if we assume the stock will keep the same value then it will yield:
6,338 / 5,000 - 1 = 0.2676 = 26.76%
Answer:
C
Explanation:
A market is a place where goods and services can be exchanged at a predetermined price. A market does not have to be a physical location. With the advent of technology, a market can exist virtually. Money can be used in the exchange of goods or services or goods can be used for the exchange. In the case where goods are used in the exchange, it is known as trade by barter
Answer and Explanation:
The journal entries are shown below:
On Oct 15
cash Dr $21,000
Service charge expense Dr (3% of $30,000) $9,000
To Account receivable $30,000
(being the cash is recorded)
On Oct 25
cash Dr $882
Service charge expense Dr (2% of $900) $18
To Sales $900
(being the cash is recorded)
These two entries should be recorded
