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inn [45]
3 years ago
14

Suppose that 10 years ago you bought a home for $110,000, paying 10% as a down payment, and financing the rest at 8% interest fo

r 30 years. Your existing mortgage (the one you got 10 years ago) How much money did you pay as your down payment?
Business
1 answer:
skad [1K]3 years ago
3 0

Answer: $11,000

Explanation:

The solution to this problem is not tedious or complicated

Solution;

Amount is = $110,000

Percentage of down payment is given as = 10%

To get the amount of the down payments we find the 10% of $110,00

10% of $110,000 is = 10÷100

=0.1

We multiply it by the amount which is 0.1×110,000= $ 11,000

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Net exports are Multiple Choice exports plus imports. imports less exports. exports less imports. that portion of consumption an
sergij07 [2.7K]

Answer:

The correct answer is letter "C": exports less imports.

Explanation:

Net exports are the difference between exports and imports from a country. It is computed by subtracting the total export value of the country, with the total value of the imports. Net exports from a country take on a negative value or <em>trade deficit </em>if it imports more merchandise than it produces. If a nation imports less merchandise than it exports, a positive value or <em>trade surplus </em>results.

8 0
2 years ago
Which of the following sections of a business plan contains information about the different departments in the company and what
gogolik [260]

Answer:

A. Organization

Explanation:

The organization and management section outlines the hierarchy of the people involved in the business. It provides the company's organizational structure in a  chart format.  This section detail the management team, internal and any external human resources that the company uses or intends to use. It may list their names and remunerations paid to each of them.

The organization section also defines how the different roles relate to each other when executing the business mandate.

3 0
3 years ago
Performance Bicycle Company makes steel and titanium handle bars for bicycles. It requires approximately 1 hour of labor to make
quester [9]

Answer:

Explanation:

Particulars    Steel Bars Titanium Bars

Units Per Batch 7000 3000

Hours Per Unit   1         1

Total Hours         7000 3000

Overhead rate on the basis of direct labor = Total Overhead / Total labor hours  = 84,000/10,000 i.e 8.40

Overhead cost allocated to steel bars = 8.40*7000 = 58,800

5 0
3 years ago
Explain why the human resource function should be aligned with an organization’s strategic plan (use ideas from the Module One d
hjlf

Answer: For Manpower allocation

For effective cost management/Budgeting.

Explanation:Human Resource function is a management activity that regulates the processes involved in planning, recruitment, allocation, training, compensation and ensuring that the organization performs effectively.

HR function should be aligned with an organization's strategic plan to ensure PROPER MANPOWER ALLOCATION (this will ensure the right person,persons with the needed skills are recruited and allocated).

Effective cost management/Budgeting(this will ensure that manpower allocation shall be based on the strategic budget by management)

3 0
2 years ago
Assume that on April 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100,000 par value. The bon
lorasvet [3.4K]

Answer:

Dr Potter's 8% Bonds $100,000

Cr Cash $100,000

Dr Cash $4,000

Cr Interest income $4,000

Explanation:

Based on the information given the appropriate journal entry will be:

Dr Potter's 8% Bonds $100,000

Cr Cash $100,000

(Being 8% Bonds purchased)

Dr Cash $4,000

Cr Interest income $4,000

($100,000*8%*1/2)

(To record semi annual interest receipt)

6 0
2 years ago
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