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2 years ago

What impact might an economic downturn have on a borrower’s fixed-rate mortgage?

Business

2 answers:

Alik [6]2 years ago

9 0

Correct Answer is Option C - It has no impact because a fixed-rate mortgage cannot change.

Economic Downturn is the general slowdown in the economy over the period of time. During economic downturn, there is less demand for money and as a result there is fall in the price of credit. But in case of fixed rate mortgage the rate is always fixed irrespective of the economic scenario.

So, economic downturn has no impact on borrowers fixed rate mortgage because a fixed-rate mortgage cannot change.

rosijanka [135]2 years ago

7 0

Answer: C

Explanation: trust;)

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Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019:

STALIN [3.7K]

Answer:

Crenshaw, Inc.

Cash Budget for the months of April, May, and June:

April May June

Beginning cash balance $109,000 $325,000 $419,950

Cash receipts 140,700 122,850 153,650

Cash collections from credit sales 197,400 241,200 210,600

Total cash available $447,100 $689,050 $784,200

Cash disbursements:

Wages, taxes, and expenses 79,700 75,200 103,900

Interest 9,400 9,400 9,400

Equipment purchases 33,000 5,500 147,000

Purchases of goods 179,000 167,000

Total cash disbursements 122,100 269,100 427,300

Ending balance $325,000 $419,950 $356,900

Explanation:

a) Data and Calculations:

Budget for the second quarter of 2019:

April May June

Credit sales $402,000 $351,000 $439,000

Credit purchases 179,000 167,000 200,000

Cash disbursements:

Wages, taxes, ^ expenses 79,700 75,200 103,900

Interest 9,400 9,400 9,400

Equipment purchases 33,000 5,500 147,000

Predictions:

Uncollectibles 20,100 17,550 21,950

Collections 381,900 333,450 417,050

Total credit sales $402,000 $351,000 $439,000

Cash Collections:

Month of sales 35% 140,700 122,850 153,650

Following month 60% 197,400 241,200 210,600

Total cash collections 338,100 364,050 364,250

4 0

3 years ago

If the price of output falls from $5 to $2, the value of the marginal product of labor of all workers:

kicyunya [14]

When price declines, the value of marginal product of labor of all workers decreases.

Marginal product of labor is the change in output when labor employed in changed by one unit. For example, if total output of labor is 10 units when only one unit of labor is employed and 20 when two units of labour is employed. Price is $1. The marginal product of labor is $10 $1(20 - 10).

An increase in the price of output increases the marginal product of labor and a decline in the price of output decreases the marginal product of labor.

Please find attached the complete question. To learn more about the marginal product of labor, please check: brainly.com/question/17009411

3 0

2 years ago

Amanda is depressed, and blames herself for her recent job loss. Her therapist suggests that her depression results from this se

MAVERICK [17]

Answer:

Social Cognitive Perspective.

Explanation:

This theory focuses on how we interact with our environment. Is the believing of the capability of oneself of successfully performing certain behaviors or reaching certain goals. Behavior is influenced by the interaction between our traits (including our thinking) and our social context.

Perspective stating that understanding personality involves considering the situation and thoughts before, during, and after an event.

The three main factors are:

- Thoughts : The interaction between the person and their behaviour is influenced by their thoughts and actions.

- Environment : The interaction between the person and environment involves beliefs and cognitive competences developed and modified by social influences.

- Behaviors: The interaction between the environment and their behaviour involves the person´s behaviour determining their enviroment, which in turn, affects their behaviour.

4 0

3 years ago

Gabbe Industries is a division of a major corporation. Last year the division had total sales of $31,098,000, net operating inco

miskamm [114]

Answer:

I. 14.50%

II. 3.55

III. 51.48%

Explanation:

Kindly observe your question is incomplete but i found the other section of the question

Kindly check attached picture for detailed explanation

6 0

3 years ago

Zander Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at

Digiron [165]

Answer:

The answer is "$ 1,251,710".

Explanation:

Formula: $\text{Overall cost for Job F21X completed during the month = } \\\text{Beginning balance + Direct materials + Direct labor + Manufacturing overhead applied }$

$= \$ 80,595 + \$ 937,290 +\$ 316,410 + \$ 543,270 \\\\= \$ 1,877,565$

Complete unit in Job = 29,850 units

Per unit cost units

$= \$ 62.9$ per unit

Sold units= 19,900 units

Sold goods cost $= 19,900 \times \$ 62.9$

$= \$ 1,251,710$

5 0

2 years ago