1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natka813 [3]
3 years ago
6

Calculating the Amount for a Home Equity Loan. A few years ago, Michael Tucker purchased a home for $100,000. Today the home is

worth $150,000. His remaining mortgage balance is $50,000. Assuming Michael can borrow up to 80% of the market value of his home, what is the maximum amount he can borrow?

Business
1 answer:
e-lub [12.9K]3 years ago
3 0

Answer:

The maximum amount that Michel can borrow is 70,000 dollars.

Explanation:

Please see attachment .

You might be interested in
____ emphasized designing and managing organization on an impersonal, rational basis through such elements as clearly defined au
AURORKA [14]

Answer:

bureaucratic organizations

Explanation:

Bureaucratic organizations -

It is a form of management with a pyramidal command structure , it is a very organized form of management , having formality , is known as bureaucratic organisations .

They are the one with high efficiency with strict control and command .

hence ,

The correct term for the given statement is  bureaucratic organizations .

7 0
3 years ago
Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized b
Alinara [238K]

Answer:

a. $612

b. $2,480

Explanation:

a. Overhead is applied at a rate of $12 per direct labor hour.

Overhead applied would therefore be;

= 12 * total labor hours

= 12 * 51

= $612

b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead

= 978 + 890 + 612

= $2,480

5 0
3 years ago
A company can save tens of thousands of dollars in the long run by converting to energy saving bulbs and instituting energy savi
Vesnalui [34]

Answer: business proposal

Explanation:

Business proposal shows the benefits of embarking on a particular project, the plans needed to execute the project, the breakdown of materials needed to achieve the aim of the project, time frame, and the budget or total cost breakdown to successfully complete the project.

In summary, business proposal is written in other to convince investors to invest in a particular project.

3 0
3 years ago
When a company owner practices price discrimination, the marginal revenue of an extra unit sold.
Kamila [148]

When a business owner uses price discrimination, the marginal revenue curve and the market demand curve are in line, therefore the marginal revenue is the same as the product's price.

The additional money made by selling one more unit of output is known as marginal revenue. The law of diminishing returns eventually leads marginal revenue to start dropping as output level grows, even though it can stay constant at a certain level of output.

The incremental cost or profit made when producing the following item is referred to as marginal. While marginal cost is the additional expense for producing one extra unit, marginal product is the increased revenue.

To know more about marginal revenue

brainly.com/question/29576816

#SPJ4

5 0
1 year ago
Coins, currency, demand deposits and travelers checks fit what definition of money supply?
Levart [38]

the answer is in fact M1

6 0
3 years ago
Other questions:
  • Nessca corp. manufactures electronic gadgets. it instructs its marketing team to competitively advertise and promote its gadgets
    9·2 answers
  • Which of the following is a likely result of a lack of accountability?
    9·1 answer
  • The main difference between companies following a broad low-cost strategy and those following a focus low-cost strategy is in th
    6·1 answer
  • Wallendo Corporation issued 5,000 shares of its $1 par value common stock as a stock dividend when the shares were selling for $
    8·1 answer
  • _________ is the allocation of resources according to supply and demand.
    12·1 answer
  • X7x 654x 46557775479x9=
    11·1 answer
  • Alan tries to make life easy on his employees by telling them exactly what to do and how to do it. he believes that most of his
    6·1 answer
  • The beginning checkbook balance of Shelley Co. was $5,559.10. The bank statement showed a bank balance of $7,888.44. The bookkee
    13·1 answer
  • Blossom Corp. incurred $710000 of research and development costs to develop a product for which a patent was granted on January
    6·1 answer
  • What is the purpose of professional communication?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!