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3 years ago

What is the best option for Carmina as she purchases her dream home to enjoy for many years? (5 points)

Business

2 answers:

SOVA2 [1]3 years ago

5 0

Answer:

a fixed rate mortgage

bc is simply a loan in which the interest rate and monthly payment amount do not change over the life of the loan.

german3 years ago

3 0

Answer:

Applying for a fixed rate mortgage

Explanation:

A mortgage is a credit facility used to finance the acquisition of properties and homes. A mortgage allows one to borrow has a huge amount of money and spreads repayments over many years.

A fixed-rate mortgage charges a fixed interest rate throughout the life of the mortgage, unlike the ARM mortgage. In the fixed-rate mortgage, the monthly repayments are predictable and constant, which makes planning easy. Since Carmina plans to stay in her dream home for many years, a fixed-rate mortgage is ideal.

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Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,00

Agata [3.3K]

Answer:

14.7%

Explanation:

The computation of return on investment is shown below:

Return on Investment = Net Income ÷ Average total assets × 100

where,

Net Income is

= Sales - Cost of goods sold - Operating expense

= $4,525,000 - $2,550,000 - $1,372,000

= $603,000

And,

Average total assets = $4,100,000

So,

Return on Investment is

= $603,000 ÷ $4,100,000 × 100

= 14.7%

3 0

3 years ago

What role does profit play in a mixed market economy

noname [10]

Answer:

A mixed economy has three of the followingcharacteristics of a market economy.

8 0

3 years ago

Read 2 more answers

4. List four contributions of small business to the American economy.

dangina [55]

Answer:

Innovation, job creation, financial independence and financial success

Explanation:

The United State of America is a capitalist state where individuals control the factors of production. Government,s participation is reduced to the minimal which might only be regulation.

Small businesses in America grows to become big companies as time goes on. They contribute in no small way to the economy of the united state in the following ways: innovation, job creation, financial independence and financial success.

8 0

4 years ago

Companies generate income from their "regular" operations and from things like interest on securities they hold, which is called

Gekata [30.6K]

Answer:

$1,500

Explanation:

Given that,

Sales = $9,000

Operating costs = $6,000

Depreciation = $1,500

Interest rate = 7%

Federal-plus-state income tax rate = 40%

Operating income or EBIT:

= Sales - Operating costs - Depreciation

= $9,000 - $6,000 - $1,500

= $1,500

Here, the interest rate and taxes were ignored as we want to determine the operating income or earnings before interest and taxes. Interest on bonds is a non operating income.

4 0

4 years ago

Your proforma income statement shows sales of $1,033,000, cost of goods sold as $503,000, depreciation expense of $103,000, and

Gelneren [198K]

Answer:

Proforma Earnings: $

Sales 1,033,000

Cost of goods sold (503,000)

Depreciation expense (103,000)

Earnings before tax 427,000

[email protected]% (170,800)

Proforma earnings 256,200

Free Cashflow $

Proforma earnings 256,200

Add: Depreciation 103,000

Free cashflow 359,200

Explanation:

Proforma earnings equal sales minus cost of goods sold minus depreciation minus tax.

Free cashflow is proforma earnings plus depreciation. Since depreciation does not involve movement of cash, it needs to be added back to the proforma earnings in order to obtain free cashflow.

8 0

3 years ago