A transportation firm whose services are available to all shippers is a common carrier.

Suppose you buy a home and borrow $176,000 using a 30 year mortgage with an annual interest rate of 3.20% (compounded monthly).

kipiarov [429]

Answer:

Explanation:

Rate of interest = 3.2 / 12 = .266667

No of terms = 12 x 30 = 360

amount = 176000

PMT = $ 761.14

Now the instalment is increased by 10% so

the instalment becomes = 761.14 + 76.11

= #837.25

No of years required from table

= 25.74 years.

5 0

3 years ago

If Morton Company expects to sell VCR’s at $100 a unit with variable costs of $60 per unit and DVD’s at $200 per unit with varia

Thepotemich [5.8K]

Answer:

$72

Explanation:

To calculate the weighted contribution margin we can use the following formula:

[(sales price A - variable cost A) x proportional sales A] + [(sales price B - variable cost B) x proportional sales B]

= [($200 - $120) x 80%] + [($100 - $60) x 20%] = $64 + $8 = $72

7 0

3 years ago

In one of the case studies in the textbook, Marcus Lane, a geologist for an environmental management and engineering services fi

aalyn [17]

Answer: The internal auditor discovered it when performing a routine audit of expense reimbursements

Explanation:

Marcus Lane, was a geologist who travelled all over North America and South America and this results in several expense reimbursements. Lane engaged in fraudulent activity by double booking his air travel.

He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.

The fraud was discovered by the internal auditor while doing a routine audit of expense reimbursements. He was terminated and he agreed to pay the money back.

5 0

4 years ago

Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,00

Marina CMI [18]

Answer:

option (c) $600

Explanation:

Given:

Tax = $4 per unit

Initial equilibrium quantity = 2,000 units

Final equilibrium quantity = 1,700 units

Decrease in consumer surplus = $3,000

Decrease in consumer surplus = $4,400

Now,

Deadweight Loss is calculated using the formula:

Deadweight loss

= $\frac{1}{2}$ × Tax × (Original equilibrium quantity - New equilibrium quantity)

on substituting the respective values, we get

Deadweight loss = $\frac{1}{2}$ × 4 × (2,000 - 1,700)

or

Deadweight loss = 2 × (3) = $600

Hence,

the correct answer is option (c) $600

4 0

3 years ago

John’s Limited manufactures screws that are used in the manufacture of tables. The table manufacturers require that the screws m

Juliette [100K]

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5 0

3 years ago