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3 years ago

Elaine and Ronald Sumter consider purchasing a new home for $179,000. A 15 percent down payment is required. What is the

Business

1 answer:

natulia [17]3 years ago

7 0

Answer:

$152,150.00

Explanation:

The deposit required is 15%.

The mortgage will be 85% of $179,000( 100% - 15% deposit).

The actual mortgage will be

= 85% of $179,000

=85/100 x $179,000

=0.85 x $179,000

=$152,150

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Project Organizational Capability

dem82 [27]

Answer:

kindly explain well

Explanation:

Unable to do it

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3 years ago

Software designed for real estate agents is an example of ________ software. project management vertical market general business

leva [86]

Software designed for real estate agents is an example of vertical market software. The vertical market software is type of software focused on specific industry or market and their needs.
Horizontal market software on the other hand can be used in a wide array of industries.

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3 years ago

Jamesway Corporation has two separate divisions that operate as profit centers. The following information is available for the m

Nookie1986 [14]

Answer:

White Division Gross Profit = $72,200

Grey Division Gross Profit = $247,700

Explanation:

White Division Grey division

Sales (net) $270,000 $540,000

Less: Cost of goods sold $135,000 $202,500

Gross Margin $135,000 $337,500

Less: Salary Expenses $37,800 $64,800

Rent $25,000 $25,000

Gross Profit $72,200 $247,700

The White Division occupies 25,000 square feet in the plant. The Grey Division occupies 25,000 square feet. Hence, the rent expenses will be shared equally. Rent = $50,000 hence, both division will pay $25,000 each for rent

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3 years ago

Software that is developed and customized to meet the needs of companies within a specific industry is ______ software.

natka813 [3]

Answer:

it is a proprietary software

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2 years ago

A company is obligated to pay its creditors $6,460 at the end of the year. If the value of the company's assets equals $6,304 at

rosijanka [135]

Answer:

The shareholders equity=-$156, this means that the liabilities outweigh the assets by $156.

Explanation:

The shareholder's equity can be defined as the net value of a company. It basically is the amount that shareholders would receive if all the company's assets were liquidated and all of the company's debt also paid back. The shareholder's equity is usually found on the company's balance sheet and can be used as a financial measure to determine the company's financial status. The shareholder's equity is determined from subtracting the company's totals liabilities from its total assets. This can be expressed in the formula below;

E=A-L....equation 1

where;

E=shareholder's equity

A=total assets

L=total liabilities

The total assets represents everything that has some economic value to the company. A liability is an obligation to something or anything of economic value that the company owes. In our case, the company has an obligation to pay it's creditors $6,460 at the end of they year. This is a liability.

Use equation 1 above to solve;

E=unknown, to be determined

A=$6,304

L=$6,460

replacing;

E=(6,304-6,460)=-$156

The shareholders equity=-$156, this means that the liabilities outweigh the assets by $156.

3 0

3 years ago