Answer: The actual rate of the mortgage is 5.27%.
Since we're taking two mortgages for a total of $200,000 for 30 years, we can find the actual rate of the mortgage by finding the weighted average of the two rates. The weights in this case will be the proportion of loan taken at each rate
We have
Rates Weights Rates * Weights
4.15 0.80 
9.75 0.20 
Total 5.27%
Answer:
700 units
Explanation:
Mishoe corporation has a sales of $50,000(1,000 unit)
Variable expense is $32,500
Contribution margin is 17,500
Fixed expenses is 12,250
Net operating income is $5,250
The first step is to calculate the contribution margin per unit
= $17,500/1000
= $17.5 per unit
Therefore, the break-even point in unit sales can be calculated as follows
= Fixed cost/contribution margin per unit
= $12,250/$17.5
= 700 units
Hence the break-even point in unit sales is closest to 700 units
Answer: (B) Preventive Control
Explanation:
According to the given question, the Preventive control is one of the type of control procedure that helps in preventing from occurring of any loss and error as it is responsible for recording all the cash receipts and the transaction in an organization.
The main objective of the preventive control is to protect all the assets and the transaction in the company. The main advantage of using this type of control procedure in the company design is to conserve the organizational's assets and also increase its life expectancy.
Hence, the company design is implementing the preventive control process for the purpose of protecting the all the transaction. Therefore, Option (B) is correct answer.
Answer:
1. 1.35
2. 0.62
Explanation:
1. Current ratio is Total current assets / Total current liabilities
= $71,700 / $53,000
= 1.35
2. Debt ratio is Total liabilities / Total assets
= $65,500 / $105,700
= 0.62
The above ratios are neither weak nor strong. They are middle-of-the-road values.
