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2 years ago

Which accurately describes the terms of this mortgage? Check all that apply.

Business

1 answer:

vredina [299]2 years ago

8 0

Answer: 3, 4, 5.

3. Monthly payments must be made for 30 years.

4. The annual interest rate is 4.8 percent.

5. The homeowner is borrowing $200,000.

Explanation:

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Interest is eligible to be capitalized as part of an asset's cost, rather than being expensed immediately, when:

Lelu [443]

Answer:

The Asset is a Qualifying Asset.

Explanation:

Qualifying Assets take substantial period of <em>time</em> to get ready for its intended use and purpose and that will require capitalizing interest costs or borrowing cost to the asset.

4 0

2 years ago

If the contribution margin ratio is 60%, target operating income is $50,000, and the sales revenue needed to achieve the targe

muminat

Answer:

The correct answer is $430,000.

Explanation:

According to the scenario, the given data are as follows:

Contribution margin ratio = 60%

Operating income = $50,000

sales revenue = $800,000

So, we can calculate the total fixed expenses by using following formula:

Total fixed expenses = Contribution Margin - Operating income

Where, Contribution margin = Contribution margin ratio × sales

Contribution margin = .60 × $800,000 = $480,000

So, by putting the value in the formula, we get,

Total fixed expenses = $480,000 - $50,000

= $430,000

6 0

2 years ago

Select all the items that describe the role of a producer.

lukranit [14]

Based on the options given, the most likely answer to this query are

You want to charge a price that covers variable costs.
You want to charge a price that does not cover fixed costs.

Thank you for your question. Please don't hesitate to ask in Brainly your queries.

4 0

2 years ago

Read 2 more answers

Megan and Steve have found a home they want to purchase. The selling price is $320,000. They will put 20% down and get a 30 year

Kryger [21]

Answer:

c. $1,934.85

Explanation:

given data

selling price is $320,000

down payment = 20 %

APR r = 6% = 0.005 monthly

Insurance amount i = $1,800 per year

taxes T = $3,000 per year

Total time period n = 30 year = 360 months

solution

first we get here Principal Amount on the Loan that is

P = $320,000 - 20% down payment

P = $320,000 - $64,000 = $256,000

and now we get here Monthly PITI Payment that is express as

C = $\frac{r\times P }{1-(1+r)^{-n}} + \frac{T}{12} + \frac{i}{12}$ ...............1

C = $\frac{0.005 \times 256000 }{1-(1+0.005)^{-360}} + \frac{3000}{12} + \frac{1800}{12}$

so The Monthly Payment is $1934.85.

correct answer is c. $1,934.85

4 0

2 years ago

Julie ling worked as a customer service representative in the billing department of novell, inc. when questions arose about ling

Alexxandr [17]

<span>The court should rule in favor of the company, given clearly outlined policies and a counseling session. Documentation and expectations were stated, and the behavior continued beyond the counseling session. Monitoring her behavior as indicated seemed within the company's discretion.</span>

8 0

2 years ago