Private Mortgage Insurance (PMI) is an added insurance
policy that protects the lender if you are unable to pay your mortgage.
As a borrower, Lonette and Al should put down at least 20% so that they can
avoid paying PMI. Therefore,
Minimum down payment = 0.20 * $36,750
Minimum down payment = $7,350
<span>They should pay $7,350 to avoid paying PMI.</span>
In the exponential smoothing approach, an exponentially smaller weight is applied to each demand that occurred farther back in time.
Exponential smoothing is a statistic forecasting method for univariate data that may be extended to support data with a scientific trend or seasonal component.
Exponential smoothing is a rule of thumb technique for smoothing statistic data using the exponential window function. It is a strong forecasting method.
A widely preferred class of statistical techniques and procedures for discrete statistic data, exponential smoothing is employed to forecast the immediate future.
This method supports statistic data with seasonal components, or say, systematic trends where it used past observations to create anticipations.
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Answer:
c. a sole proprietorship because Cal is a sole proprietor.
Explanation:
Cal sells "DownSize," a weight-reduction program, from a Web site, in competition with Eat-Less Inc.'s product "Fit 'n Trim." Eat-Less files a suit against Cal, alleging in part that he is a sole proprietor, but his enterprise should be deemed a different form of business. Cal's enterprise should most likely be considered a corporation because Cal is a sole proprietor and his enterprise is likely to be considered as sole proprietorship.
