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Mamont248 [21]
3 years ago
14

QUESTION 8 of 10: Your average weekly take home wage is $615. You take a one-week paid vacation and a second week unpaid vacatio

Business
1 answer:
levacccp [35]3 years ago
7 0

Answer:

$45

Explanation:

A surplus is when income exceeds expenses.

One year has 52 weeks. If one week was unpaid leave, then payments were received for 51 weeks.

Average payments per week = $615

Total earning per week =$615 x 51

=$31,365  

The total expenses for the year were  $31,320. The surplus amount will be income minus expenses

= $31,365 - $31,320

=$45

             

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When qualifying a buyer using the Fannie Mae guidelines, what is the ratio allowed for the amount of money for housing expense c
vfiekz [6]

Answer:

28%

Explanation:

Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).

Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.

8 0
3 years ago
Chen is listing questions to help him evaluate his career choice of French language translator. Which question would best help h
Allushta [10]

Answer:

This question is incomplete, it misses the options. The optiones are the following:

A. Which countries in the world have French as their first language? B. How much will it cost to train for this career choice? C. Which language other than French is beneficial to learn? D. Is translation a career that many people respect?

And the correct answer is the option B: how much will it cost to train for this career choice?

Explanation:

To begin with, the fact that the second question is the one that will best help him in order to think critically about his career choice is that because he needs to now how much will he need in order to learn that career and if the costs will be worth it in the case of choosing it and for that he will need to compare the costs with the approximates benefits that he will have in the future. That is why, Chen needs to questions himself if the costs will be worth it.

7 0
3 years ago
Granite Stone Creamery sold ice cream equipment for $16,000. Granite Stone originally purchased the equipment for $90,000, and d
Sidana [21]

Answer:

The loss amount is "$3,000".

Explanation:

The given values are:

Sale amount,

= $16,000

Ice-cream equipment's cost,

= $90,000

Depreciation,

= $71,000

Now,

The book value will be:

= Ice \cream \ equipment's \ cost-Depreciation

On substituting the values, we get

= 90,000-71,000

= 19,000 ($)

The loss on the sale will be:

= Book \ value -Sale \ amount

= 19,000-16,000

= 3,000 ($)

4 0
3 years ago
Suppose that you will receive annual payments of $20,500 for a period of 10 years. The first payment will be made 10 years from
Greeley [361]

Answer:

Present value of this stream of payments=97,179.75

Explanation:

The payment stream described is an ordinary annuity, 10 equal payments in equal intervals, with the 1st payment being received at the end of year 10 and the last one at the end of the 20th year.

Present value of an ordinary annuity  is calculated as follows:

Present value =PMT*\frac{[1-(1+i)^-^n]}{i}

Where PMT is equal payments made each period

= $20,500

              i is the required rate of return per period

= 5%

              n is the number of periods= 10

Applying this formula would thus give the present value of the annuity at the end of year 10 as follows:

Present value(t=10) =20,500*\frac{[1-(1+0.05)^-^1^0]}{0.05}  = 158,295.57

This is the present value at the end of year 10, and this value has to be discounted 10 years back to today as follows:

Present Value (today) =\frac{158,295.57}{(1+0.05)^1^0}=97,179.75

4 0
3 years ago
You are scheduled to receive $10,000 in one year. what will be the effect of an increase in the interest rate on the future valu
Kay [80]

The present value of these cash flows is reduced by rising interest rates.  as soon as interest rates rise.

National 30-Year Mortgage Rate Trends Today

For homeowners looking to refinance, today's national average 30-Year Fixed Refinancing Rate is 5.40%, which is It's up two basis points. Last time corresponds to the week. On Monday, August 8, 2022, the national average effective interest rate for 30-year fixed rate mortgages is 5.610%.

Mortgage interest rates are constantly changing. Therefore, a good mortgage rate can vary greatly from day to day. Currently, suitable mortgage rates for 15-year term loans are low in the high 3% or 4% range, while suitable interest rates for 30-year mortgages are generally in the high 4% or low range. . 5% range.

Mortgage interest rates are currently around 5.5% and are expected to rise to 5.5% to 6% by the end of 2022. %

Learn more about interest rate at

brainly.com/question/2151013

#SPJ2

8 0
1 year ago
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