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3 years ago

5

If Joey purchased a $100,000 house with a 20 percent down payment and borrowed the rest on a 30-year mortgage at 5% interest, wh

at would his monthly payment be?

1 answer:

borishaifa [10]3 years ago

8 0

$479.64 is the monthly payment :)

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Transactions that affect earnings do not necessarily affect cash.Identify the effect, if any, that each of the following transac

xeze [42]

Answer:

Effects of Transactions on Cash and Net Income:

Cash Net Income

(a) Purchased $104 of supplies for cash. -$104 $0

(b) Recorded an adjusting entry to record use

of $40 of the above supplies. $0 -$40

(c) Made sales of $1,432, all on account. $0 $1,432

(d) Received $995 from customers in payment

of their accounts. $995 $0

(e) Purchased capital asset for cash, $2,635. -$2,635 $0

(f) Recorded depreciation of building for period

used, $710. $0 -$710

Explanation:

a) Data and Analysis:

a. Supplies $104 Cash $104

b. Supplies Expense $40 Supplies $40

c. Accounts receivable $1,432 Sales revenue $1,432

d. Cash $995 Accounts receivable $995

e. Capital asset $2,635 Cash $2,635

f. Depreciation Expense $710 Accumulated Depreciation $710

b) Only transactions that affect Cash have cash effects. Transactions that affect net income are either revenue or expenses. All other transactions that do not affect cash or net income are analyzed according to their basic effect on the accounting equation of assets = liabilities + equity.

3 0

2 years ago

Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a specific year. If the firm sol

Flura [38]

Answer: $200,000 and its economic profits were zero.

Explanation:

First and foremost, we should note that when calculating accounting profit, the implicit cost isn't taken into consideration.

Therefore, the accounting profit will be:

= Revenue - Explicit Cost

= (4000 × 300) - Explicit cost

= 1,200,000 - 1,000,000

= 200,000

Then, Economic Profit will be:

= Accounting profit - Implicit cost

= 200,000 - 200,000

=0

Therefore, its its accounting profits were $200,000 and its economic profits were zero.

5 0

2 years ago

All of the sentences below should be considered "red flags" except

lara [203]

Answer:

The answer is C

Explanation:

C is actually good advice.

8 0

3 years ago

Read 2 more answers

The first three steps of the strategic management process involve ________ strategies.

Lina20 [59]

The first three steps of the strategic management process involve <u>planning</u> strategies.

Strategic planning is a system in which an agency's leaders outline their imaginative and prescient destiny and become aware of their agency's desires and goals. The method consists of setting up the sequence in which the goals should be realized in order that the business enterprise can reach its stated vision.

Inside making plans, there are 4 important categories: strategic, tactical, operational, and contingency planning. Strategic planning is a manner that groups use to determine their dreams and targets.

Strategic planning is an agency's procedure of defining its approach or direction and making selections on allocating its assets to achieve strategic goals. it is able to also extend to govern mechanisms for guiding the implementation of the strategy.

Learn more about planning strategies here brainly.com/question/17924318

#SPJ4

3 0

1 year ago

Simone is working to establish her reputation at Alpha Assemblies as part of her internship opportunity. She is looking for a wa

Tpy6a [65]

Complete question:

Alpha Assemblies produces a wide variety of products in their central Nebraska facility. Many of these products fit within a line of standard truck and trailer parts. Within this is a set of hitches that can be made in two sizes (1-1/4 and 2) and three strengths (light duty, medium duty, and heavy duty). All of the hitches in this line have "natural" finishes so no additional steps are necessary after they are cast. The machine used to cast these six hitch variations is available for 2000 hours per year. Operators are paid $15.00 per hour including benefits.

Simone is working to establish her reputation at Alpha Assemblies as part of her internship opportunity. She is looking for a way to improve the operations. She has been working on the hitch project and is looking at possible ways to cut costs. At this point she has studied the processes and their associated costs, and completed forecasts for the next year's demand.

Hitch A is the 1-1/4 inch, light duty, natural hitch. Simone has forecast the demand for this hitch at 5,656 units for the next year. It takes one operator 5.4 hours to perform a setup to produce a batch for this hitch and no other setup costs are incurred when setting up the machine. In addition, the holding costs for this item are $4.39 per unit per year. This hitch has a current batch size of 1,500 units per production run.Simone has determined that traditional EOQ is applicable for this problem. Determine the order quantity (EOQ) Simone should use if this determination is correct.

Don't round any numbers in the middle of the problem. Provide your answer to two (2) decimal places.

Answer:

EOQ = 323.05 units

Explanation:

Given the following:

Demand, D = 5656 units

Holding cost, H= $4.39 per unit per yr

Time for setup = 5.4 hours

Payment per operator = $15.00 per hour

Calculate for setup cost:

Set up cost, S = Setup time * payment

5.4 * $15 = $81

Find the order quantity, EOQ.

Take the expression

$EOQ = \sqrt{\frac{D*S}{H}}$

$= \sqrt{\frac{5656 * 81}{4.39}$

$\sqrt{104358.997}$

EOQ = 323.05 units

5 0

2 years ago

Read 2 more answers