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grandymaker [24]
3 years ago
8

Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year

Business
1 answer:
nalin [4]3 years ago
5 0

Answer:

D

Explanation:

The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.

Pro life tip: Do NOT finance your home with an ARM mortgage.

Good luck in your studies!

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Bakery a sells bread for $2 per loaf that costs $0.50 per loaf to make. bakery a gives a 70% discount for its bread at the end o
icang [17]

Answer: $0.60

Price per loaf: $2

Discount given for its bread at the end of the day= 70%

Solution:

Salvage value<span> is the estimated resale value of a product at the end of its useful life. Since the useful life of the loaf is 1 day and it was sold at the end of the day at 70% off, the salvage value is  </span>

$2 × (1 - 70%)

<span>$0.60.</span>

7 0
3 years ago
If the marginal benefit of one more unit of a public good is $500 for Sam and $300 for Alex, the social benefit of one more unit
Alja [10]

Answer: $800 since the benefit of one more unit goes to both individuals.

Explanation:

The benefit of one more public good will go to both Sam and Alex. For this reason, the total benefit is the sum of the benefits that go to the both of them.

Sam benefits $500 and Alex benefits $300.

= 300 + 500

= $800

$800 goes to the both of them and so is the social benefit of one more unit of the public good.

8 0
3 years ago
How could a line of credit negatively impact a business?
madam [21]
Bad credit, defined by FICO as a score of 300 to 629, is a common reason that lenders reject small-business loan applications. Borrowers with poor credit scores are considered at higher risk of defaulting on a loan. Still, even with bad credit, you have financing options, including online loans.
5 0
3 years ago
The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? A. New-ho
Maurinko [17]

Answer: I would have to guess option c the unemployment rate.

Explanation:

4 0
3 years ago
Read 2 more answers
The following information pertains to Ash Co., which prepares its statement of cash flows using the indirect method: Interest pa
Alborosie

Answer:

$30,000

Explanation:

A supplemental disclosure of cash flow information requires that all the cash paid  in interest during the period must be disclosed.

In Ash's case:

beginning balance interest payable account    $15,000

+ interest expense during the year                    $20,000

<u>- ending balance interest payable account       ($5,000)  </u>

supplemental disclosure =                                  $30,000      

6 0
3 years ago
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