Assume that your aunt sold her house on December 31, and to help close the sale she took a second mortgage in the amount of $20,000 as part of the payment. The mortgage has a quoted (or nominal) interest rate of 6%; it calls for payments every 6 months, beginning on June 30, and is to be amortized over 5 years. Now, 1 year later, your aunt must inform the IRS and the person who bought the house about the interest that was included in the two payments made during the year. (This interest will be income to your aunt and a deduction to the buyer of the house.) To the closest cent, what is the total amount of interest that was paid during the first year? Do not round intermediate calculations. Round your answer to the nearest cent.
Answers
Answer:
$1,164.99
Explanation:
nominal interest rate = 6%
effective interest rate = (1 + 6%/2)² - 1 = 6.09%
the semiannual payment = principal / PV annuity factor
principal = 20,000PV annuity factor, 3.045%, 10 periods = 8.510638semiannual payment = $2,350
I prepared an amortization schedule on an excel spreadsheet.
After the first two payments were collected, principal has decreased to $16,464.99, that means that the total interest earned = (2 x $2,350) - ($20,000 - $16,464.99) = $4,700 - $3,535.01 = $1,164.99
Related Questions
While going into a forest and clear-cutting all of the trees may not be environmentally friendly, it is very efficient and less than sustainable practices.
1.) damaging
2) dangerous
3.) effective
4.) expensive
Answers
clear-cutting all of the trees damaging and dangerous practice, hence the correct options are 1 and 2.
What is deforestation?Deforestation, also known as forest clearance, is the removal of a forest or tree stand from land before it is put to another use other than that of a forest.
Conversion of forest land to farms, ranches, or urban use is a form of deforestation. Tropical rainforests are where deforestation is most prevalent.
Forests have been cleared throughout history and into the modern era to make room for agriculture and animal grazing as well as to obtain wood for fuel, manufacturing, and construction.
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in this exercise, you will identify communication practices that are associated with high uncertainty avoidance and low uncertainty avoidance.
Answers
Teachers are seen as having all the answers in cultures where uncertainty avoidance is high, and learning is structured. Teachers are not necessarily viewed as all knowing in cultures with low uncertainty avoidance, and learning is more open-minded and less focused on facts.
Avoidance of low uncertainty Cultures accept and feel at ease in unstructured situations or changing environments, and they strive to have as few rules as possible. People in these cultures are more pragmatic and adaptable to change.
We found that uncertainty avoidance had a consistent and distinct effect on the use of and response to messages expressing legitimacy and formality, and that, when preferred, such behaviour resulted in higher levels of interpersonal alignment.
People in cultures with a high level of uncertainty avoidance try to minimise the occurrence of unknown and unusual circumstances by planning and implementing rules, laws, and regulations.
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complete question:- Uncertainty Avoidance and Communication Patterns In this exercise, you will identify communication practices that are associated with high uncertainty avoidance and low uncertainty avoidance.
The ability of Disney to maintain its competitive advantage through proprietary rights to its characters would be severely weakened if: a. theme parks with alternative cartoon characters were built in large numbers. b. Disney's cartoon characters became widely perceived as old-fashioned and unappealing. c. Disney attempted to move beyond its traditional industry. d. numerous lawsuits against copyright thieves tainted the reputation of the company.
Answers
Disney's ability to maintain its competitive advantage by having proprietary rights to its characters severely weakens if b. Disney's cartoon characters became widely perceived as old-fashioned and unappealing.
Disney uses the competitive advantage to differentiate its cartoon characters from competitors and to maintain the high quality of its services. However, if the customers' perception changes because the cartoon characters have become old-fashioned, their attractive value will reduce.
This change of perception hampers the ability of Disney to continue to win based on this competitive advantage. Other factors that can help Disney maintain its competitive advantage are quality, strategic pricing, market positing, access to technology, and innovations.
Thus, retention of proprietary rights to its cartoon characters, Disney is assured of continuous quality.
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Write the quadratic equation in standard form that corresponds to the graph shown below.
Answers
The quadratic equation of the graph in standard form is y = x² + 2x - 8
What is a quadratic equation in standard form?A quadratic equation in standard form is given by y = ax² + bx + c
Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at
(-4, 0) and(2, 0)The x - intercepts are the roots of the quadratic equation.
So, we have that
x = -4 andx = 2So,
x + 4 = 0 andx - 2 = 0So, the factors of the quadratic equation are
x + 4 andx - 2So, multiplying the factors, we have that the equation is
y = (x + 4)(x - 2)
= x² - 2x + 4x + 4 × (-2)
= x² - 2x + 4x - 8
= x² + 2x - 8
So, the quadratic equation is y = x² + 2x - 8
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List a minimum of four reasons why you might be rejected for a job offer.
Answers
Answer:
1. You don't have enough experience for the job.
2.There was a better candidate for the job.
3.You didn't take an interview seriously.
4.Your not professional enough.
5.You might have a criminal record and this job you are applying for doesn't want someone with a bad record.
6.You don't have any recommendations.
7.Your previously bosses say that you aren't a good employee.
8.You aren't punctual. (on time)
You misidentified the post for which you applied. You made a horrible first impression. You lack the necessary experience for the position. A better applicant was available for the position.
What are the methods of accepting and rejecting Job offers ? You weren't serious about the interview. You lack professionalism. This job you are seeking for might not want someone with a criminal record since you might have one. You lack any recommendationsAccept the job:
There are many different ways to accept a job, and frequently, people do so because they are attracted to the conditions that the employer is offering, such as the pay or the work schedule.
The ideal technique to accept it is in person, outlining what you anticipate from the business and expressing gratitude for the chance.to cooperate with them
Reject the position:
A lot of people turn down jobs due to unstable economic conditions, negative company references, demanding schedules, or a counteroffer from another employer.
The ideal method to turn down a job is to send an email explaining why you can't do it without getting into too much detail, without using many words, or in a stilted, official manner.
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Identify the supply chain management process that produces, tests, packages, and prepares products for delivery.
Answers
Answer:
Supply chain execution system
Explanation:
supply chain execution system
Amber works as an insurance claims agent in charge of assisting policyholders when an accident has occurred. What task might Amber perform as part of her job?
A. buying and selling stocks for her clients
B. running an analysis of a small business's spendings
C. recording items damaged in a house fire
Answers
Answer:
the answer would be B
Explanation:
please tell me if im wrong or right
Answer:
B
Explanation:
what is the decision of the Michael J. French v. American Airlines 2009 U.S. Dist. LEXIS 48654 (U.S. District Court Utah Central Division) case
Answers
The case was heard in the US District Court for the Central Division of Utah. The court ruled in favor of American Airlines, stating that the airline had not violated the ADA by requiring the passenger's service animal to be in a kennel during the flight. The court noted that the airline had provided alternative accommodations for the passenger, including an earlier flight that would allow the passenger to have his service animal with him outside of a kennel. The court also stated that the airline's safety concerns were legitimate and that the airline had the right to establish policies to ensure the safety of its passengers.
Overall, the decision in the Michael J. French v. American Airlines case was in favor of American Airlines, stating that the airline had not violated the Americans with Disabilities Act by requiring the passenger's service animal to be in a kennel during the flight.
Answer:
for American Airlines
Explanation:
Native advertising can include all of the following except:
Answers
Native advertising can include all οf the fοllοwing except: Independent jοurnalists
What is Native Advertising?Native advertising is a type οf οnline advertising that is made tο fit the lοοk and functiοn οf the platfοrm it is displayed οn, like a website, sοcial media platfοrm, οr mοbile app. Native ads, οn the οther hand, are frequently incοrpοrated seamlessly intο the platfοrm's cοntent, making them less disruptive and mοre engaging fοr users. This is in cοntrast tο traditiοnal banner ads οr display ads, which are easy tο identify as advertisements.
Spοnsοred cοntent, branded cοntent, and sοcial media pοsts that are marked "spοnsοred" οr "prοmοted" are all examples οf native advertising. Instead οf simply prοmοting a prοduct οr service, these advertisements typically aim tο add value tο the user by prοviding useful infοrmatiοn οr entertainment.
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Native advertising can include all of the following except:
Independent journalistsPromoted posts.News articles.Recommendation widgets.The Montgomerys borrowed $107,000 at 7.50% for 30 years to purchase a house. Find the total interest the Montomerys will pay if they pay the loan on schedule. Click the icon to view the monthly payment of principal and interest table. OA. $162,254.80 OB. $149, 158.00 OC. $177,662.80 OD. $168,803.20
Answers
The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.
First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:
Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)
Where:
P = Principal amount borrowed = $107,000
r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%
n = Total number of payments = 30 years * 12 months/year = 360 months
Plugging in the values, we have:
Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)
≈ $750.20
The monthly payment of principal and interest is approximately $750.20.
To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:
Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed
= ($750.20 * 360) - $107,000
≈ $270,072 - $107,000
≈ $163,072
Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.
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For what reason did Middle English most likely develop? people learned to speak languages other than English people gave up their languages to begin speaking English people tried to make everyone around them speak English people who spoke English met people who spoke other languages
Answers
The reason Middle English had to develop was due to the fact that people tried to make everyone around them speak English
How did Middle English develop?The Norman Conquest of 1066, when William the Conqueror (after known as William I of England) conquered the island of Britain from his base in northern France and established there with his nobles and court, marked the beginning of the change from Old English to Middle English.
There are many causes, but the Norman conquest of Britain in 1066 was a significant one. An early form of French that was used by the Normans swiftly replaced the native tongue as the official language of England for political and legal purposes.
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Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below.
Balance Sheets
2019 2018
Assets
Cash and equivalents $100 $85
Accounts receivable 275 300
Inventories 375 250
Total current assets $750 $635
Net plant and equipment 2,300 1,490
Total assets $3,050 $2,125
Liabilities and Equity
Accounts payable $150 $85
Accruals 75 50
Notes payable 150 75
Total current liabilities $375 $210
Long-term debt 450 290
Total liabilities 825 500
Common stock 1,225 1,225
Retained earnings 1,000 400
Common equity 2,225 1,625
Total liabilities and equity $3,050 $2,125
Income Statements
2019 2018
Sales $2,265 $1,565
Operating costs excluding depreciation and amortization 1,250 1,000
EBITDA $1,015 $565
Depreciation and amortization 100 75
EBIT $915 $490
Interest 63 46
EBT $852 $444
Taxes (25%) 213 111
Net income $639 $333
Dividends paid $54 $48
Addition to retained earnings $585 $285
Shares outstanding 100 100
Price $25.00 $22.50
WACC 10.00%
The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash.
Using the financial statements given above, what is Rosnan's 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent.
Answers
The 2018 free cash flow for Rosnan Industries is $158. The balance sheet was the based on the Rosnan Industries' 2019 and 2018.
Particular 2018 2019
Current Asset $635 $750
Current Liability $135 $255
Net working capital 500 525
Net increases in working capital 25
The capital expenditure is made are computed:
Ending balance of fixed asset 2300
Add: Depreciation 100
Less: Begging of fixed amount 1490
Capital expenditure: 910
Net income: 677
Add: Depreciation 100
Less: Capital expenditure -910
Less: Net increases in Net WC -25
Free cashflow -158
The 2018 free cash flow for Rosnan Industries is $158.
As a result, the significance of the Rosnan Industries' 2019 and 2018 balance sheets are the aforementioned.
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3. There is lots of oil in the world. Would the price of oil increase or decrease in price? Why
Answers
Would it be wise for a young company that is growing quickly but still hasn’t achieved profitability to attempt to issue bonds as a way to expand its working capital?
Answers
Answer:
It would not be wise for the young company to attempt to issue a bond as a way of expanding its capital. This is because, the company still has to be able to find a balance between its expenditure and income before it can think towards expansion. If this is not met, they might run into series of financial debts while trying to expand.
Explanation:
Three primary ledgers used in double-entry bookkeeping?
Answers
Answer:
General ledger
The chart of accounts
Journals
Explanation:
The general ledger contains all the transactions carried out and registered by the company.
The chart of accounts is lists and codes all the accounts that are used by the by the company, e.g. cash might be account 101.
The journal entries are the individual entries recorded in the general ledger or any other specific ledger.
Why does the bank generally print the address of the check writer on the upper left-hand corner of the check?
Maria V. Bowen’s Check for $42.92 is dated March 6, 2019. Pay to the order of Credit Card Company.
A. To prevent people from bouncing a check (i.e., a NSF transaction)
B. To contact the check writer if a check bounces.
C. To advertise its products on the front of a check.
D. To prevent people from stealing checks.
Answers
To contact the check writer if a check bounces the bank generally print the address of the check writer on the upper left-hand corner of the check.
Option B is correct
The bank generally prints the address of the check writer on the upper left-hand corner of the check to be able to contact the check writer if a check bounces or is returned due to non-sufficient funds (NSF). By having the check writer's address on the check, the bank can contact the check writer to inform them that the check bounced and to try to resolve the issue.
This also helps the bank to verify the identity of the check writer and to prevent check fraud.
Option B is correct
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An order taker at a producer of bed linens receives an order from a retailer for
6,500 pillows to be shipped to the retailer's warehouse. The retailer will pay
for shipping. Which channel member is most likely to set requirements for
routing?
A. The retailer
OO
B. The producer
C. The wholesaler
D. The consumer
Answers
Answer: The retailer
Explanation:Ape
Question 8 of 10
An unsecured loan would most likely be used to pay for
A. a boat
B. college
OC. a home
D. a car
SUBMIT
Answers
An unsecured loan would most likely be used to pay for a college. Option (b) is correct.
Unsecured loans do not require any form of collateral in order to be obtained. Based on your borrower's creditworthiness, the lender issues it to you. As a result, obtaining approval for an Unsecured Loan requires having great credit.
Unsecured loans include credit cards, personal loans, and student loans. Financial companies grant unsecured loans because there is no collateral, largely based on your credit score and track record of repaying previous obligations.
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Better managing a daily scheduler through effective time management can reduce stress on the job.
Answers
Answer:
Good time management is essential if you are to handle a heavy workload without excessive stress. Time management helps you to reduce long-term stress by giving you direction when you have too much work to do. It puts you in control of where you are going and helps you to increase your productivity
Answer:
it helps put your daily life at relief
Explanation:
Complete the fish-bone chart by matching each number in the chart with the corresponding reason.
LOADING... Click the icon to view the partially completed fish-bone chart.
Number
Reason
I
▼
II
▼
Traffic jam
Flat tire
Speeding - got stopped
Can't find keys
III
▼
Traffic jam
Can't find keys
Flat tire
Speeding - got stopped
IV
▼
Answers
Write a two-paragraph summary of this exercise that you could use to demonstrate your knowledge of the role of social media in commerce in a future job interview.
Answers
Answer:
you are awesome to mention
on october 25, yacht doc received $200,000 for a yacht valued at $180,000 and a 4-month service contract. during november, the yacht was delivered and 1 month of the service contract was performed. the remaining services are to be performed evenly over the next 3 months. what is the entry yacht doc should record on october 25? multiple choice question. debit cash; credit revenue debit deferred revenue; credit revenue debit deferred revenue; credit cash debit cash; credit deferred revenue
Answers
The appropriate choice is option (d). On October 25, Yacht Doc needs to record a credit of $200,000 to Unearned revenue and a debit of $200,000 to Cash.
What does unearned income mean?
The term "unearned income," also referred to as deferred revenue is used to describe advance payments a business receives for goods or services that will be produced or provided in the future. As a liability for deferred revenue on its balance sheet, the company that receives the prepayment reports the sum.
A company's receipts for items and services it hasn't yet sold or provided are included in this account.
Yacht Doc received payment even though they had not yet delivered the yacht or rendered any services. Since this is a liability account, it will be credited to the unearned revenue account.
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definition of industries in priciples of buisness
Answers
Answer:
1. Understand Organizational Structure and Design
You need a basic understanding of how good businesses run effectively. From its initial structure of departments and personnel to how individual projects are managed, you need to run your business as effectively and efficiently as you can.
2. Use Capital and Cash Flow Wisely
Your business needs to start with a good financial base, but equally important will be a positive cash flow as you grow and develop. You need to have sufficient funds to pay your employees and vendors so you produce your products and sell them at a profit.
3. Understand the Fundamental Principles of Accounting and Finance
Understand and obey fundamental principles of accounting and finance, and always adhere to the regulations and laws that affect your industry. Obtain necessary permits, complete and file taxes, and pay strict attention to filing deadlines.
4. Respect Your Customers
Your customer may not always be right, but you always need to do whatever you can to make things right. Provide them with the best possible products and services you can deliver and always treat them with respect and understanding. If they become dissatisfied with your products or your services, do your best to quickly resolve the issue with patience and consideration.
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How does the use of these skills help organizations to outperform others in their industry?
Assess how the four functions of management (e.g., planning, organizing, leading, and controlling) are effective in helping organizations meet their goals.
Answers
The skills to relate to coworkers and deal well with subordinates provides for the smooth flow of business operations inside the organization. For any organization to prosper and accomplish its goals and objectives, effective management skills are essential.
What are the importance of skills?Leadership qualities contribute to improving an organization's performance. The forerunners of new ideas that can help the organization come up with fresh ones to boost productivity are managers who are strong leaders.
It should be noted that the four functions include:
Planning has to do wifh the planning of decision making.
Organizing has to do with appropriate coordination between planning and resources.
Leading involves motivating employees to achieve organizational goals.
Controlling is simply elated to monitoring and evaluation.
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Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Answers
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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An agricultural manager requires work
different from that of a normal farmer in
which of the following ways?
A. being able to run farm equipment
B. being able to harvest crops
C. being able to obtain legal information on grant
programs
D. being able to raise livestock.
Answers
Answer:
C-Being able to obtain legal informational on grant programs
Explanation:
if quantity demamded is completely unresponsive to changes in price ,demand is what?
Answers
Answer:
If quantity demanded is completely unresponsive to changes in price, demand is Perfectly inelastic.
Explanation:
Perfectly inelastic demand means that quantity demanded remains the same when price increases or decreases. Consumers are completely unresponsive to changes in price.
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What do you think would be the implication of these personalities in the interpersonal relationships and task performance of employees?
Answers
Explanation:
In working environment interpersonal relationship plays a paramount role in developing and stimulating
Trust and positive feelings and images among workers. This can be result in higher performance
and satisfaction of employees.
Webster's Words has a printing press which they are not using at the present time. In fact, they have not used this equipment for two years. The equipment has no market value because it has been customized to their particular operations. They could sell the machine as scrap metal for $1,500 maximum. The press is eight years old and cost $163,000 new. The current book value is $2,100. The company is trying to decide if a new project would be a feasible means of utilizing this equipment. The value of the press that should be included in the project analysis is:
Answers
The value of the press that Webster's Words should include in the project analysis is $1,500.
The two major considerations in a project analysis are the cost of the project input and the value that the project's output will generate for the entity.
In this scenario, the current book value of the press is not relevant in the project analysis. The scrap value should be considered as it produces a value that can reduce the project's cost and not the committed or sunk cost of the old press.
Data and Calculations:
Maximum scrap value of press = $1,500
Initial cost of the press eight years ago = $163,000
Current book value = $2,100
Relevant value of the press = $1,500 (scrap value)
Thus, the value of the press in the project analysis is $1,500.
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5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answers
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%