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inna [77]
3 years ago
5

A 30-year $185,000 amortized mortgage loan has a fixed interest rate of 4.375% and fixed monthly payments. The monthly payment i

s $923.68. The beginning balance of the loan in the 30th month is $177,391.93. Calculate the ending balance of the loan at the end of the 30th month after this month's payment.
Business
1 answer:
dangina [55]3 years ago
7 0

Answer:

$177,114.99

Explanation:

The ending balance of the loan at the end of the 30th month after the monthly payment is the beginning balance at the beginning of the month plus the interest for the month minus the monthly payment.

Note that the interest expense for the month increases the loan balance while the monthly payment reduces the balance.

interest expense for 30th month=beginning balance*fixed interest rate/2

interest expense for 30th month=$177,391.93*4.375%/12

interest expense for 30th month=$646.74

monthly payment =$923.68

The ending balance of the loan=$177,391.93+$646.74-$923.68

The ending balance of the loan=$177,114.99

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Menlove Corporation has provided the following cost data for last year when 100,000 units were produced and sold:
Nezavi [6.7K]

Answer:

Net operating income= $405,000

Explanation:

<u>First, we need to calculate the unitary variable cost:</u>

Total variable cost= 650,000 - 100,000 - 100,000= $450,000

Unitary variable cost= 450,000 / 100,000

Unitary variable cost= $4.5

Total fixed cost= 100,000 + 100,000= $200,000

<u>Now, the net operating income for 110,000 units:</u>

<u />

Sales= 10*110,000= 1,100,000

Total variable cost= 110,000*4.5= (495,000)

Total contribution margin= 605,000

Total fixed cost= 200,000

Net operating income= $405,000

3 0
3 years ago
A Not-for-Profit Organization
yuradex [85]

Answer:

1.The parties involved can ask the government to raise the allocation of funds to  the student community service organization

2. Volunteers will be available to help out in the project

3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)

Explanation:

Planning of  a large party or an event is called a  project. This is because, it was a specific party for a specific purpose and It was held on a specific date and time(beginning and end).

A project must have an objective . It must have stakeholders. This whose decision will greatly affect the outcome of the project

The following are the assumption made by the stakeholders of the project:

1.The parties involved can ask the government to raise the allocation of funds to  the student community service organization

2. Volunteers will be available to help out in the project

3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)

The needs identified are:

-Money to support food purchasing.

-Grow the volunteer force.

-Food donations.

-To teamwork and synergy with a common goal.

6 0
2 years ago
56
SOVA2 [1]

bro it's so lengthy

5 0
3 years ago
Chang Industries has 2,000 defective units of product that already cost $14 each to produce. A salvage company will purchase the
lidiya [134]

Answer:

A sunk cost is the correct answer to this question.

Explanation:

Sunk cost:- Sunk costs are those expenses that have been accumulated in the past and are thus in some way unrelated to judgment-making.

In the question referred to above, the company has already made $14 to produce. This cost will be inconsequential even if the company makes the units as it is or procedures them further.

As a result, $14 is a sunk expense.

Other options are incorrect because they are not related to the given scenario.

5 0
3 years ago
A firm’s stock is expected to pay a $2 annual dividend next year, and the current $50 stock price is expected to rise to $60 ove
pochemuha

Answer:

Expected rate of return will be 24%

So option (b) will be correct option

Explanation:

We have given dividend in next year will be $2

So dividend D_1=2$

Current stock price P_0 = $50

And it is given that in next year stock price is $60

So growth rate =\frac{60-50}{50}=0.2 = 20%

We have to find the expected return after 12 month, that is after 1 year

We know that current price is given by P_0=\frac{D_1}{R_e-g}

50=\frac{2}{R_e-0.2}

50R_e-10=2

50R_e=12

R_e=0.24 = 24%

So expected rate of return will be 24%

So option (B) will be correct option

3 0
3 years ago
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