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Mariulka [41]
3 years ago
8

g 4. The price of a home is $197,000. The bank requires 20% down payment and four points at closing. The cost of the home is fin

anced with a 30-year fixed-rate mortgage at 4.25%. a. Find the required down payment. b. Find the amount of the mortgage. c. How much will be paid for the four points at closing
Business
1 answer:
Molodets [167]3 years ago
4 0

Answer:

a. $39,400

b. $157,600

c. $6,304

Explanation:

a. Down payment

Bank requires 20% down payment

= 20% * 197,000

= $39,400

b. Mortgage amount

= Price of house - down payment

= 197,000 - 39,400

= $157,600

c. Amount at 4 points:

= Mortgage * 4%

= 157,600 * 4%

= $6,304

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During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its o
SCORPION-xisa [38]

Answer:

B) Total assets increased by $200.

Explanation:

If during Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its owners. Based on this information alone:

Then it is correct that there was a net income of $350 before the payment of dividend which is gotten by 1,950 - 1,600. Cash from operating activities will also be the same amount of $350.

However it will not be correct to state that assets increased by $200 as there is no such indication.

6 0
3 years ago
In Business studies. what the business owes the other is called what​
goldenfox [79]

Answer:assets

Explanation:

7 0
2 years ago
Read 2 more answers
Albert and Alberta love the University of Florida and want to support the school in every way. They always like to drink Gatorad
skelet666 [1.2K]

Answer:

A. Loyalty

Explanation:

Brand Equity is the term used to describe the identity of a specific brand that has been built to be recognized and followed by its customers with loyalty.

Loyalty related to Brand Equity is the main factor in placing product quality and image as one of the company's marketing strategies. This is because it makes the consumer "fall in love" with the product offered, refusing to exchange it for similar ones, but who do not have the same identity. An example of this can be seen in the question above, where Albert and Alberta refuse to stay at a gym that does not offer their favorite drink. Because of this, they prefer to leave this gym and look for one that provides the drink they want.

7 0
3 years ago
Read 2 more answers
Consider the market for socks. The current price of a pair of plain white socks is $5.00. Two consumers, Jeff and Samir, are wil
mr_godi [17]

Answer:

$10.10

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Consumer surplus = willingness to pay of a consumer - price of the good

Producer surplus is the difference between the price of the product and the least price the producer is willing to sell his product

Producer surplus = price of the product - least price the producer is willing to sell his product

Consumer surplus

Jeff :  $7.25 - $5 = $2.25

Samir: $9 - $5 = $4

Total consumer surplus = $2.25 + $4 = $6.25

Producer surplus

Ist manufacturer = $5 - $3 = $2

2nd manufacturer = $5 - $3.15 = $1.85

Total producer surplus = $2 + $1.85 = $3.85

Total social welfare = $3.85 + $6.25 = $10.10

I hope my answer helps you

4 0
3 years ago
An assembly line with 40 activities is balanced using 17 workstations and a finished product can be produced every 6.5 minutes.
asambeis [7]

Answer:

Maximum daily production rate= 6.125 units per day.

Minimum daily production rate= 75.38 units per day

Explanation:

Production rate is defined as the number of units of a product that is produced in a process in unit time.

In this instance we are to calculate the production rate per day.

It is given that a cycle consists of 40 activities. Completion time for 40 activities is 80 minutes.

Daily production rate = Total time of production/Time to complete one cycle

Maximum daily production rate= 490/80= 6.125 units per day.

Minimum daily production rate= 490/6.5= 75.38 units per day

5 0
3 years ago
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