Answer:
$204,709.68
Explanation:
The mortgage amount is 205,000.
The fixed interest rate of 7.75% per year
monthly payments is 1.468. 65
The amount payable after on the end of month one
Monthly interest = 7.75% / 12
=7.75/100/12
=0.0775/12
=0.0064
amount due after month one mortgage amount 205,000 + interest for month one
=(205,000) x 1 +0.0064
= 205 000x 1.0064583
=206, 323.95
Amount due after payment one
= 206,312- 1.468. 65
=204,855.35
The amount payable at the end of month two = amount after month one payment + interest
=204, 855.35 x 1.00645833
=206,178.373
Amount due after the second payment
=206,178.37-1468.65
=204,709.72
Answer:
I disagree
Explanation:
From the standpoint of accounting principles, a company is earning losses when total cost is greater than total revenue.
Economic profit is accounting profit less explicit cost or opportunity cost.
If a firm is earning zero economic profit , it is necessarily not earning negative loss from an accounting standpoint.
For example if a firm has a total revenue of $20, total cost of $10 and an opportunity cost of $10.
Accounting profit is $10 while economic profit is $0.
Though, the economic profit is 0, accounting profit is still postive.
I hope my answer helps you.
Answer:
The correct option is escrow licensees may not solicit or accept escrow instructions containing any blank to be filled in after signing or initialing.
Explanation:
Escrow agreement involves a third party managing funds belonging to two or more parties in a transaction before the funds are disbursed to them.
One of the prohibited escrow related activity is that the agent cannot disburse the commission on real estate to beneficiaries prior to closing the escrow account.
Answer:
D) The recording label should expand the production and distribution of RG 2RG2's first CD.
Explanation:
According to the law of supply and demand, since the customers are willing to pay a price higher than equilibrium price, that means that their is a shortage of the product or service and that the supply should increase in order to get the price back to equilibrium price.