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Bad White [126]
2 years ago
6

You have purchased a small medical office building in Hoboken for $3,500,000 and financed the acquisition by borrowing $2,500,00

0 in the form of a 5-year mortgage with a 30-year amortization period. If the loan has an 8% interest rate and payments are made on an annual basis, what is the mortgage interest deduction you receive in the first year
Business
1 answer:
umka21 [38]2 years ago
6 0

Answer:

$200,000

Explanation:

Interest calculation is based on the Principle amount of $2,500,000 borrowed .

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Very Good Answer.. By study this Indian great Pilot...

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3 years ago
An internet company gives their old computer system to the computer science department at a local high school. How would GDP be
trapecia [35]
The Gdp would increase I believe
3 0
3 years ago
Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond
almond37 [142]

Answer:

bonds payable       1,000,000 debit

loss on redemption    20,000 debit

        discount on bonds               10,000 credit

        cash                                  1,010,000 credit

--to record tyhe call of the bonds on September 30th--

Explanation:

par value of the bonds:    1,000,000

call premium:                   <u>       10,000</u>

total cash disbusements:  1,010,000

carrying value                      990,000

loss on redemption               20,000

<u>Notice: </u>It is a loss as we are paying more than the aliability is worth

discount/premium:

face value     1,000,000

carrying value 990,000

discount             10,000

We write off the bonds account: bond payable and bon discount

we debit the loss and credit hthe cash disbursments

8 0
3 years ago
Jeff is an entrepreneur who decided to start an online bakery. Since all his business will be done online and he can bake in his
nekit [7.7K]

Answer:

competition                  

Explanation:      

In simple words, competition refers to the tendency of two or more parties to perform better than one another for the sake of own personal benefits. In business, competition can be done from various perspectives like price or quality.

In the given case, Jeff has been producing at a lower cost but despite of earning high profits he is willing to sell for lower prices with the motive of competing in the market and gaining higher market share.

6 0
3 years ago
A study published in 2011 by the OECD noted that Group of answer choices the real household income of unskilled workers in the U
slavikrds [6]

Answer:

the gap between the poorest and richest segments of society in some OECD countries had widened.

Explanation:

A study published in 2011 by the Organisation for Economic Co-operation and Development (OECD) noted that the gap between the poorest and richest segments of society in some Organisation for Economic Co-operation and Development (OECD) countries had widened.

8 0
3 years ago
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