1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Debora [2.8K]
2 years ago
10

How much should you save each year for maintaining your home

Business
2 answers:
malfutka [58]2 years ago
7 0
Property experts recommend that householders should spend one per cent of the value of their home on improvements, per annum, in order to maintain its worth in the market place.
slega [8]2 years ago
6 0

Answer:

According to the one percent rule, you should set aside at least one percent of your home's value every year for home maintenance. For a $360,000 house, this works out to $3,600 per year, or $300 per month.

You might be interested in
What are the activities that should take place during the performing stage
Agata [3.3K]

Answer:

In the performing stage, the role of the mentor shifts from managing group dynamics to focusing on helping members grow and develop in positive ways. Mentors can turn their attention to identifying individuals' strengths and weaknesses, and helping mentees step out of their comfort zones.

Explanation:

7 0
3 years ago
Stein Co. issued 17-year bonds two years ago at a coupon rate of 9.1 percent. The bonds make semiannual payments. If these bonds
Marizza181 [45]

Answer:

YTM is 7.43%

Explanation:

The yield to maturity of a bond can be computed using the rate formula in excel,which is given below:

=rate(nper,pmt,-pv,fv)

the nper is the number of coupon interest the bond would pay before it is redeemed at maturity starting from ,which is 15 years multiplied by 2=30

the pmt is the semiannual coupon payable by the bond,which is $1000*9.1%/2=$45.5

the pv is the price of the bond which is 115%*$1000=$1150

the fv is the face value of the bond at $1000

=rate(30,45.5,-1150,1000)=3.715%

The rate of 3.715% is a semi annual rate

annual rate 7.43%(3.715%*2)

6 0
3 years ago
Bank loan applications require:
barxatty [35]

Answer:

detailed information from owners and the applying company

Explanation:

Banks require detailed information from the loan applicant and their company. The information is useful in assessing the applicant's eligibility for a loan.  When issuing loans, a bank is concerned about the borrower's ability to repay. For this reason, the need will require the applicant to state the loan's purposes, how they intend to repay, income tax information, and the collateral to be provided.

The applicant has to give detailed information to convince the bank that they should get the loan.

5 0
3 years ago
Slater Mines just called its outstanding bonds at a call price of $1,025. The bonds have a conversion price of $33.33 and a par
Kazeer [188]

Answer:

In response to this call, the bondholders should Accept the call as call price exceeds the conversion value

Explanation:

Number of shares (if bonds are converted) = par value/conversion price = 1,000/33.33 = 30 shares

Current value of 30 shares = 30*current share price = 30*33.10 = $993.10

Call price of $1,025 is greater than the current value of converted bonds, so bondholders should accept the call

5 0
3 years ago
Which of the following would produce the largest increase in the contribution margin per unit? A 14% increase in variable cost.
Rama09 [41]

Answer:

A 7% increase in selling price.

Explanation:

Contribution margin refers to the difference between selling price and variable cost.

Contribution margin:

= Selling price - Variable cost

Net income:

= Contribution margin - Fixed cost

(i) 14% increase in variable cost:

It cannot, because it will decrease the contribution margin.

(ii) 17% decrease in fixed cost:

It cannot affect the contribution margin.

(iii) 15% decrease in selling price:

No, it will reduce the contribution margin.

(iv) 7% increase in selling price:

Yes, it will increase the contribution margin since there is an increase in the selling price.

(v) 23% increase in the number of units sold:

No, it will not impact the selling price or variable cost.

5 0
3 years ago
Other questions:
  • How can money in a savings account grow
    13·1 answer
  • A manufacturer's average work-in-process inventory for part #1234 of a particular car model is 1,250 parts. the workstation prod
    7·1 answer
  • In the russian domain, where does the commercial agricultural products concentrate
    12·1 answer
  • What are the advantages of taking a criminal case to the criminal grand jury?
    7·1 answer
  • What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont
    14·1 answer
  • Pro Clean Company, a manufacturer of hand sanitizers, intends to produce 40,000 units in the third quarter and 35,000 units in t
    9·1 answer
  • Fosters Manufacturing Co. warrants its products for one year. The estimated product warranty is 2% of sales. Assume that sales w
    7·1 answer
  • Consider an event you are familiar with, such as a baseball game, a rock concert, or delivering delivering product to a customer
    6·1 answer
  • Write an essay on 'teachers and students'​
    11·1 answer
  • On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $31,000
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!