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m_a_m_a [10]
3 years ago
7

What is the total cost of a 15-year mortgage if the monthly payment is $1718.70? A. $447,585.60 B.$281.683.80 C. $309, 366.00 D.

Business
1 answer:
Vaselesa [24]3 years ago
3 0

Answer:

Total Cost = $309,366

Explanation:

Given:

Number of year = 15 year

Monthly payment = $1,718.70

Find:

Total Cost

Computation:

Total Cost = Number of year x 12 months x Monthly payment

Total Cost = 15 x 12 x 1,718.70

Total Cost = $309,366

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7 reasons why marketing must be studied.
Grace [21]
<h2>Answer:</h2>

<h3>1. A Better Understanding of the Target Market</h3>

<h3>2. Understand the Customer.</h3>

<h3>3. Salary Potential</h3><h3 /><h3>4. Experience the Global Marketplace Firsthand.</h3>

<h3>5. Enhance the Omnichannel Experience.</h3>

<h3>6. Go Behind the Perceptions.</h3>

<h3>7. Marketeers will always be in demand</h3>

<em>hope</em><em> </em><em>this</em><em> </em><em>help</em><em>!</em>

7 0
3 years ago
The Allowance for Bad Debts account had a balance of $8,500 at the beginning of the year and $7,200 at the end of the year. Duri
aliya0001 [1]

Answer:

The total amount of past-due accounts receivable that were written off as uncollectible during the year were: $17,300

Explanation:

The amount of past-due accounts receivable that were written off as uncollectible during the year are calculated by following formula:

Past-due accounts receivable that were written off as uncollectible = The Allowance for Bad Debts account had a balance at the beginning of the year + Bad debts expense was recognized - The Allowance for Bad Debts account had a balance at the end of the year = $8,500 + $16,000 - $7,200 = $17,300

3 0
3 years ago
A firm is considering purchasing two assets. Asset L will have a useful life of 15 years and cost​ $4 million; it will have inst
Andreyy89

Answer:

D. Asset S has $103,333 more in depreciation per year.

Explanation:

For computing the greater annual straight minus line ​depreciation first we have to determine the each assets depreciation expense which is shown below:

For Asset L

= (Original cost + installation cost - salvage value) ÷ (useful life)

= ($4,000,000 million + $750,000 - $0) ÷ (15 years)

= $316,666.67

For Asset S

= (Original cost + installation cost - salvage value) ÷ (useful life)

= ($2,000,000 million + $500,000 - $400,000) ÷ (5 years)

= $420,000

As we can see that the Asset S has high annual straight-line depreciation

And, the amount exceed is $103,333.33

6 0
3 years ago
On May 1, 2021, Ziek Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Ziek had 200000 shares of $1
Alenkinab [10]

Answer:

B) did not change.

Explanation:

Stock dividend is the payment of dividend to stockholder in the form of stock/shares of the company. Stock are issued at the market price and the value of the dividend is transferred from the retained earning to the add-in-capital accounts.

Dividend Value = 200,000 x 10% x 25 = $500,000

Par Value of Stocks = $1 x 20,000 = $20,000

Add-in-capital excess of par common stock = ($25-$1) x 20,000 = $480,000

Following entry will be recorded

Dr. Retained earning                                              $500,000

Cr. Common Stock                                                 $20,000

Cr. Add-in-capital excess of par common stock  $480,000

As all of the accounts are equity accounts and decrease in one equity account and increase in another equity account will not change the total stockholders equity value.

3 0
3 years ago
When performing capital budgeting, __________ incurred by a project are irrelevant to future investment decisions.
m_a_m_a [10]

Question:

When performing capital budgeting, __________ incurred by a project are irrelevant to future investment decisions.

A) Opportunity costs

B) Depreciation

C) Sunk costs

D) Taxes

Answer:

The correct answer is C) Sunk Costs      

Explanation:

Capital Budgeting is the art (most applicable to corporate persons) of planning expenditure that will be incurred in the future, especially on long term assets.

The reason you cannot factor Sunk Cost into a Capital Budget is because of  its very nature.

Sunk Costs refer to monies for items that have already been expended and can never be recovered. If it can never be recovered and has <u>already</u>  been incurred, it has no role to play in future considerations especially when the purpose of Capital Budgetting is considered.

The primary purpose of a Capital Budget is that it helps to further evaluate the inflow against the outflow of an investment to check whether or not the return is acceptable.

Every other option given in the question above are items that have futuristic qualities.

Cheers

6 0
3 years ago
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