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Vera_Pavlovna [14]
3 years ago
5

Greg and Joyce have an adjustable rate mortgage on their home. What is the key feature of this type of loan?

Business
1 answer:
vladimir1956 [14]3 years ago
6 0

Answer: Interest rate can vary

Explanation: Based on the description of Greg's and Joyce's mortgage loan, the key term is the adjustable nature of the loan used to finance the mortgage. Being adjustable simply means not fixated. Hence, the interest on the loan is bound to change throughout the entire period of the loan. This type of mortgage loans are called ADJUSTABLE RATE MORTGAGE or FLOATING mortgage. The change in the interest rate applied on the outstanding balance of is usually at intervals which could be annually, semianually or monthly basis as the case may be.

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A company that manufactures laser printers for computers has monthly fixed costs of $177,000 and variable costs of $650 per unit
nydimaria [60]

Answer:

295 units

Explanation:

The cost -volume-profits CVP concepts calculate the breakeven point by dividing fixed costs by the contribution margin per unit.

i.e., Breakeven point = Fixed cost/ contribution margin per unit.

For this company,

Fixed costs are $177,000

Contribution margin per unit

= selling price - variable costs.

=$1250 -$650

=$600

Breakeven point = $177,000 / $600

=295 units

6 0
3 years ago
Which statement is not true about the minimum wage?
Kobotan [32]
Owners are not required to pay it to foreign works is incorrect option
5 0
3 years ago
Price discrimination is a rational strategy for a profit-maximizing monopolist when.
MrRa [10]

Answer:

5 is the

Explanation:

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4 0
1 year ago
one business attracts another business of similar type and together they may make more money than they would have singularly. th
Alexus [3.1K]

This is an example of competition principle of value.

The required details about business principle of value is mentioned in below paragraph.

The term "business" designates an innovative person, group, or organization that engages in commercial activity. They might be business-related, industrial, or something else. Businesses that operate for profit do so in order to make a profit, while those that operate for good will do so.

Competition's guiding principle: According to the competition principle, excessive profits in any industry will result in excessive competition, which will then obliterate profits. Think about a business that debuts in a secure neighborhood.

What benefit does rivalry have?

The cornerstone of a robust American economy is healthy market competition. Fundamental economic theory shows that when businesses compete for customers, it results in cheaper prices, better goods and services, more variety, and more innovation.

Thus, competition is the correct answer.

To learn about principle of value visit here

brainly.com/question/28027148

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8 0
1 year ago
Emporia Corporation is a lessee with a capital lease. The asset is recorded at $810,000 and has an economic life of 8 years. The
Doss [256]

Answer:

The amount of depreciation expense the lessee should record for the first year of the lease is $108,000

Explanation:

To calculate the depreciation expense for each year the first thing you have to do is to substruct from the initial value the fair value at the end fo the lease, obtaining this way the depreciable amount.

For this case it would be:

$810,000 - $270,000= $540,000

Then you have to divide the depreciable amount by the years of the term the lease.

$540,000/5= $108,000

4 0
3 years ago
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