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3 years ago

Choose all that apply. The mortgage payment includes _____. taxes principal interest escrow PMI homeowner’s insurance

Business

2 answers:

Mrrafil [7]3 years ago

3 0

Answer:

taxes, principal interest, homeowner´s insurance.

Explanation:

Mortgage payments include four parts called PITI, Principal, which is the normal payment of the loan, or the payment needed that is debited to the loan, then the taxes, the interests, and the homeowners insurance, this 4 elements make up for the main monthly payments.

I am Lyosha [343]3 years ago

3 0

Answer:

Taxes, Principal interest, as well as Homeowner's Insurance

Explanation:

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Which accounting principle is adopted to make adjustments to the trial balance so that the debit and the credit side balances? T

antiseptic1488 [7]

Answer:

The accrual principle

The main purpose of adjusting entries is to update the accounts to conform with the accrual concept. At the end of the accounting period, some income and expenses may have not been recorded, taken up or updated; hence, there is a need to update the accounts.

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3 years ago

Read 2 more answers

What do you hope to gain from the course of economic development?

Slav-nsk [51]

Explanation:

An economics degree gives you a high level of mathematical and statistical skills and the ability to apply economic principles and models to problems in business, finance and the public sector. ... numeracy - handling complex data and techniques of mathematical and statistical analysis. problem-solving. analytical skills

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3 years ago

Lincoln Park Co. has a bond outstanding with a coupon rate of 6.04 percent and semiannual payments. The yield to maturity is 6.1

Reil [10]

Answer:

value of the bond = $2,033.33

Explanation:

We know,

Value of the bond, $B_{0} = [I * \frac{1 - (1 + i)^{-n}}{i}] + \frac{FV}{(1 + i)^n}$

Here,

Face value of par value, FV = $2,000

Coupon payment, I = Face value or Par value × coupon rate

Coupon payment, I = $2,000 × 6.04%

Coupon payment, I = $128

yield to maturity, i = 6.1% = 0.061

number of years, n = 15

Therefore, putting the value in the formula, we can get,

$B_{0} = [128 * \frac{1 - (1 + 0.061)^{-7}}{0.061}] + [\frac{2,000}{(1 + 0.061)^7}]$

or, $B_{0} = [128 * \frac{1 - (1.061)^{-7}}{0.061}] + [\frac{2,000}{(1.061)^7}]$

or, $B_{0} = [128 * \frac{0.3393}{0.061}] + 1,321.3635$

or, $B_{0} = [128 * 5.5623] + 1,321.3635$

or, $B_{0} =$ $711.9738 + 1,321.3635

Therefore, value of the bond = $2,033.33

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4 years ago

Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazil’s national

SVETLANKA909090 [29]

Answer:

1. Variable cost = $0.125/mile and Fixed cost = $16,225

2. x = $16,225 + $0.125 × y

3. total maintenance cost = $21,600

Explanation:

Requirement 1

We know,

Variable cost using high-low method = (Total highest cost - Total lowest cost) ÷ (Highest activity - Lowest activity)

Given,

Highest activity = 31,400 miles (March)

Lowest activity = 13,400 miles (April)

Total highest cost = $20,150 (March)

Total lowest cost = $17,900 (April)

Therefore,

Variable cost using high-low method = ($20,150 - $17,900) ÷ (31,400 - 13,400) miles

Variable cost using high-low method = $2,250 ÷ 18,000 miles

Variable cost using high-low method = $0.125 per mile

Again,

we know, Total cost = Fixed cost + Variable cost

Using highest total cost and highest activities,

$20,150 = Fixed cost + $0.125 × 31,400 miles

or, $20,150 = Fixed cost + $3,925

or, Fixed cost = $20,150 - $3,925

Fixed cost = $16,225

Requirement 2 and 3

Requirement 2

The formula to express the cost behavior exhibited by the company's maintenance cost =

Let,

Total cost = x

Traveled by Tour Buses = y

As the fixed cost is fixed, the formula to express the answer =

x = $16,225 + $0.125 × y

It means, total cost = fixed cost + variable cost per miles driven.

Requirement 3

The level of maintenance cost that would be incurred during a month when 43,000 tour miles are driven =

total cost = fixed cost + variable cost per miles driven.

or, total cost = $16,225 + $0.125 × 43,000 miles

Total cost = $16,225 + $5,375

Therefore, total maintenance cost = $21,600

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3 years ago

Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run equil

vova2212 [387]

Answer:

Positive economic profit

Explanation: In the economic profit, we have to consider the revenue earned and the cost of production including the opportunity cost. In the scenario above, the economic profit is positive, because, the average and marginal cost falls by $0.15 at a time when the sales price of the product is $0.20. The economic profit here is positive, due to the further reduction in the marginal and average price of an important material in the production process. In this scenario, due to positive economic profit, the New firms are attracted to the market.

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3 years ago