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AVprozaik [17]
3 years ago
7

A few years ago, simon powell purchased a home for $225,000. today, the home is worth $400,000. his remaining mortgage balance i

s $175,000. assuming that simon can borrow up to 75 percent of the market value, what is the maximum amount he can currently borrow against his home?
Business
1 answer:
belka [17]3 years ago
5 0
To find Simon's maximum amount he can borrow against his home you will use the Home Loan Value Formula. 

Home is worth: $400,000
Remaining balance: $175,000
Borrow: up to 75% on home

First, you'll want to take the market value of $400,000 and multiply it by 75% (.75) which gives you $300,000.
Then, you'll need to subtract what Simon owes on the home to find the amount he can borrow. 
$300,000 - $175,000 = $125,000 
Simon can borrow $125,000 against his home.
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A good example of a ______________ offense is selling alcoholic beverages to a minor
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Minor criminal offense, specifically a strict liability offense. Strict liability refers to an offense made regardless of the the intent of action. In other words, even if you have no malicious intent, you are still liable for the offense. Another example is possession of drugs. 
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3 years ago
3. Which of the following is not a characteristic of a service? (1 point)
Alona [7]

Answer:

marketability is not correct

Explanation:

Four characteristics of service are;

intangibility,

inseparability,

variability and.

perishability.

6 0
3 years ago
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Importance of technology in today's industry?​
Crank

Answer:

Without technology we can’t improve our life.  And without improving technology we are stuck.  Technology is solving all kinds of problems in the world. You can’t remove the problems, there will still be here even if you stop improving technology. And if you solve them, more problems will come.  So technology is used to continuously solve problems, to improve people’s life, economy, education, and so on.  What I think is that technology is one of the pillar of world development. If you remove it, everything else will fall.

3 0
3 years ago
Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken. Also assume that in 1984 each buck
goldenfox [79]

Answer:

A= 62.5; B=60%; C = $160,000 and $352,000

Explanation:

A.

in 1984 each bucket of chicken was priced at $10 (nominal GDP)

in 2005 the price per bucket of chicken was $16 (real GDP)

GDP price index = nominal GDP divided by the real GDP × 100

=($10/$16)× 100

= 62.5

B.

In 1984, Price of each bucket = $10

In 2005, Price of each bucket = $16

Percentage difference = price In 2005 - price in 1984/price in 1984 × 100

= (16 - 10)/10 × 100

=6/10×100

=60%

The price level rise by 60% from 1984 to 2005

C.

In 1984, total buckets of chicken produced= 10,000

In 2005, total buckets of chicken produced = 22000

real GDP in 1984 = total buckets of chicken produced × current price per bucket in 2005

= 10,000 × $16

= $160,000

real GDP in 2005 = total buckets of chicken produced in 2005 × current price per bucket in 2005

  = 22000 × $16

= $352,000

7 0
3 years ago
Next week, super discount airlines has a flight from new york to los angeles that will be booked to capacity. the airline knows
Setler79 [48]
The cost of underestimating the demand is considered a revenue loss that arises due to cancellation of flight costing $134. Hence, cost of underetimating the demand is C_u=\$134.

The cost of overestimating the demand is known as rewards. For example, free round trip ticket worth $263. Hence, the cost of overestimating the demand is C_o=\$263.

\frac{C_u}{C_u+C_o} = \frac{134}{134+263}  \\  \\ = \frac{134}{397} =0.3375

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Thus, super discount airlines should overbook the flight by 35 + (-0.4193 x 24) = 35 - 10.0632 = 24.9368 = 25 seats.

Therefore, super discount airlines should overbook the flight by 25 seats.
4 0
3 years ago
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