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Bad White [126]
3 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]3 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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What happens when production is inside the production possibilities curve
Paul [167]

Answer:

When it shifts inwards, it indicates that the economy is shrinking due to a failure in its allocation of resources and optimal production capability. A shrinking economy could be a result of a decrease in supplies or a deficiency in technology.

Explanation:

8 0
3 years ago
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.50 p
vodomira [7]

Answer:

The right solution is "$78.55".

Explanation:

The given values are:

Material cost,

= $5 per pound

Average freight costs,

= $0.25 per pound

Downtime average,

= 0.40 hours per unit

According to the question,

The direct material cost per unit will be:

=  ((4.5+0.5)\times 5\times 0.98)+(0.25\times (4.5+0.5))

=  (5\times 5\times 0.98)+(0.25\times 5)

=  24.5+1.25

=  25.75 ($)

The direct labor will be:

=  ((2.0+0.4)\times 12)+(3\times (2.0+0.4))

=  28.8+7.2

=  36 ($)

Manufacturing overhead will be:

=  (2.0+0.4)\times 7

=  2.4\times 7

=  16.8 ($)

hence,

The standard cost per unit will be:

=  Direct \ material+Direct \ labor+Manufacturing \ overhead

=  25.75+36+16.8

=  78.55 ($)

7 0
3 years ago
On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgagenote for $186,000 at 15%. The note will be
Ne4ueva [31]

Answer:

The correct answer is A: interest= $21048

Explanation:

An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. While each periodic payment is the same amount early in the schedule, the majority of each payment is interest; later in the schedule, the majority of each payment covers the loan's principal.

Each payment is the same ($49,148), but the proportions of interest and capital pay changes. The interest proportion decreases from pay to pay.

Loan= 186000

i= 15%

n= 6 years

First pay:

i=186000*0,15=27900

amortization= 49148-27900=21248

Second pay:

i=(186000-21248)*0,15=24712

amort=49148-24712=24436

Third pay:

i=(164752-24436)*0,15=21048

amort=49148-21048=28100

While payments progress, interest decreases and amortization increases.

5 0
3 years ago
The long-run aggregate supply curve would shift left if the amount of labor available
liq [111]

Answer:

The correct answer is option a.

Explanation:

The long run aggregate supply curve is inelastic and vertical in shape. The reason behind this is that in the long run the output level is not affected by the change in price level. It is rather affected by the quantity of inputs.

A leftward shift in the long run aggregate supply means that the output level is decreasing. This decrease in input in this case is either because of decrease in quantity of labor available,or because of increase in minimum wages the firms are hiring less labor.

So, option a is the correct answer.

8 0
3 years ago
Peak performance sporting goods company has reported net income after taxes = $3,750,000, with 18,250,000 shares outstanding. ba
LiRa [457]
<span>The basic earning per a share can be calculated by dividing the net income after taxes by the number of shares outstanding. Thus we have that the basic earning per share is 3,750,000/18,250,000 = .20547 dollars per share. The basic earning per share for peak performance is .205 dollars per share.</span>
7 0
3 years ago
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