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2 years ago

You have just applied for a 30year 100000 mortgage at a rate of 10%.what must be annual payment be?

Business

1 answer:

Fittoniya [83]2 years ago

7 0

Answer:

The correct answer is "$10,607.92".

Explanation:

Given:

Amount borrowed,

P = 100000

Interest rate,

r = 10%

or,

= 0.1

Time,

= 30 years

Now,

The annual payment will be:

⇒ $A=P\times \frac{r(1+r)^n}{(1+r)^n-1}$

$=100000\times \frac{0.1(1+0.1)^{30}}{(1+0.1)^{30}-1}$

$=10,607.92$ ($)

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Under what conditions would you recommend using each of these funding methods to pay for information systems expenses: allocatio

Arada [10]

Answer:

The conditions under which each funding method for paying for IT system expenses would be recommended are:

Allocation method is preferred to other methods when actual usage cannot be captured but, some other cost drivers can be used as the allocation bases.

Chargeback method works better than others when actual usage by each unit can be accurately captured.

Explanation:

The Allocation Funding Method charges IT costs to individuals, departments, or business units based on revenues, number of employees, and other cost drivers and not based on usage. It is often used when actual usage cannot be recorded.

The chargeback method charges IT costs to individuals, departments, or business units based on their actual usage of the IT services. With wide variation in IT usage, business units need to be charged their actual costs consumed.

The corporate budget method allocates IT cost based on a periodic predetermined rate. It is used where unit managers need to be given control over their budgets, enabling them to search for cost-saving technologies.

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2 years ago

Which is the main purpose of a mission statement?

Snowcat [4.5K]

The correct answer is A. Expressing the goals of the company.

Hope this helps:)

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3 years ago

Read 2 more answers

Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated

Alex_Xolod [135]

Answer:

Machine setup= $60 per setup

Machining= $15 per machine hour

Inspections= $50 per inspection

Explanation:

Giving the following information:

Estimated overhead costs:

Machine setup= 150,000

Machining= 375,000

Inspections= 87,500

The cost driver for each activity and the expected annual usage are number of setups 2,500, machine hours 25,000, and number of inspections 1,750.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine setup= 150,000/2,500= $60 per setup

Machining= 375,000/25,000= $15 per machine hour

Inspections= 87,500/1,750= $50 per inspection

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3 years ago

Nadine works for an accounting firm. she makes enough money for herself and has bought a house with a top-notch security system.

Alexus [3.1K]

In the given space provided, the answer is security needs. The safety or security needs revolve around of having to feel physically safe, secure with financial or personal security or being healthy in an over all as a well being in which Nadine has achieved one of them.

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3 years ago

Ronald, the CEO of Extel Micro—a technology provider with 17,000 employees—answers his own phone and takes calls from employees

Simora [160]

Answer:

The correct answer is the option A: creating an organizational culture that rewards listening.

Explanation:

On one hand, the term <em>organizational culture</em> is the name given to refers to the combination of beliefs, values, behaviors and more that form the unique social and, most important, psychological environment of an organization. It basicaly describes the way that things are done inside the organization and how they manage to handle specific situations, according with the ethics of the organization already established.

On the other hand, the CEO Ronald is trying to build teamwork by improving the listening process from the superiors to the workers of every level so in that way he teaches the importance of being heard and being part of the company no matter the position of the worker. It is understandable that <em>he enforces the organizational culture of the company by creating and environment where every person has something important to say and therefore they need to be listen. </em>

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3 years ago

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You have just applied for a 30year 100000 mortgage at a rate of 10%.what must be annual payment be?​

You have just applied for a 30year 100000 mortgage at a rate of 10%.what must be annual payment be?