The family has approximately $89,025 (rounded to the nearest whole number) in equity in the house after making 96 monthly payments.
To calculate the equity in the house, we need to consider the initial down payment, the mortgage payments made over the years, and the current market value of the home.
The family initially made a down payment of 20% of the home's purchase price, which amounts to 20% of $100,000 = $20,000. This means they financed $80,000 ($100,000 - $20,000) through the mortgage.
The mortgage term is 15 years, and they have made 96 monthly payments, which is 96/12 = 8 years of payments.
To calculate the remaining balance on the mortgage after 96 payments, we can use an amortization formula or a mortgage calculator. The formula for the remaining balance is:
\(B = P \times[(1 + r)^n - (1 + r)^p] / [(1 + r)^n - 1]\)
Where B is the remaining balance, P is the initial principal (mortgage amount), r is the monthly interest rate, n is the total number of payments, and p is the number of payments made.
Using the given values:
P = $80,000
r = 5.5% / 100 / 12 = 0.00458
n = 15 * 12 = 180
p = 96
B = $80,000 * [(1 + 0.00458)^180 - (1 + 0.00458)^96] / [(1 + 0.00458)^180 - 1]
B ≈ $45,974.83 (rounded to two decimal places)
The current market value of the home is $135,000.
Equity in the home = Current market value - Remaining balance on the mortgage
Equity = $135,000 - $45,974.83
Equity ≈ $89,025.17 (rounded to two decimal places)
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Controls are designed to mitigate risk and provide reasonable assurance about the achievement of an organization objectives with respect to.
The achievement of an organization objectives In control is with respect to the operations, reporting and compliance.
What is a Control?This refers to a process that is effected by an entity's board of directors, management, and other personnel.
This process is designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.
Therefore, the achievement of an organization objectives In control is with respect to the operations, reporting and compliance.
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At December 31, Gill Co. reported accounts receivable of $246,000 and an allowance for uncollectible accounts of $1,200 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:
Answer:
the amount of the adjustment for uncollectible accounts would be $11,040
Explanation:
The computation of the amount of the adjustment for uncollectible accounts would be given below:
= Account receivable × uncollectible percentage + debit balance of the uncollectible accounts
= $246,000 × 4% + $1,200
= $9,480 + $1,200
= $11,040
Hence, the amount of the adjustment for uncollectible accounts would be $11,040
The general management of the client have a history of corporate tax avoidance and violating listing regulations. This fraud risk factor would possibly lead to: Select one: a. Misappropriation of assets b. Fraudulent financial reporting
This fraud risk factor would possibly lead to:
b. Fraudulent financial reporting
The history of corporate tax avoidance and violation of listing regulations suggests a willingness to engage in fraudulent behavior. This increases the likelihood of manipulating financial records and statements to deceive stakeholders and regulators, resulting in fraudulent financial reporting. The management may attempt to hide the true financial performance, understate liabilities, or overstate revenues to present a better financial picture and avoid legal consequences associated with their past actions.
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Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.
Answer:
Option B !!!!! :))
Explanation:
Newton suggested that a ball has a natural tendency to keep moving _______ others believed that a ball has a natural tendency to stop.
Newton suggested that a ball has a natural tendency to keep moving unless acted upon by an external force, while others believed that a ball has a natural tendency to stop or come to rest.
This means that a ball that is already in motion will continue to move in the same direction and speed unless acted upon by a force, such as friction or air resistance.
Those who believed that a ball has a natural tendency to stop may have been influenced by their everyday experiences.
Objects in our daily lives do eventually come to a stop due to friction or other forces, so it may seem natural to assume that a ball would also naturally slow down and stop. However, Newton's law of motion tells us that a ball in motion will continue to move until acted upon by an external force.
Overall, Newton's observation of the natural tendency of an object in motion to stay in motion provides a more accurate explanation of the behavior of a ball than the belief that a ball has a natural tendency to stop.
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Seed capital pays for which of the following?
A. Operating expenses for the first year of a new business
B. Expanding production and advertising budgets
C. Funding for research and development of a business idea
D. Competitive wages for high-tech workers
Edit: It's C
Answer:
It's C !
Explanation:
Hope you have a good day!
Seed capital pays for: C. Funding for research and development of a business idea.
The seed capital pays for market research for initial steps of product development. For example, development of the prototype or paying for all operating expenses like legal costs.
Seed capital provides operating expenses for the entire process of business. Hence, A is incorrect.
It has no role directly in the expansion of production and advertising budgets. Hence, B is incorrect.
It has no role in decision of competitive wages for high tech workers. Hence, D is incorrect.
Hence, C is correct option.
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Explain how international trade, human capital, and physical capital can lead to economic growth.
Answer:
By following points international trade help in human capital and so on
Explanation:
1 International trade increases competition between national and international products
2 It strengthens bilateral and multilateral relationship
3 It enhances employment opportunities and helps in profit from trade sulprus
4 It facilitates specialization in the production of goods and services
5 It encourages national products to increase the quality at lower price.
6. It helps in production firms and companies to expand a large scale due to the entry of their products in international markets
Capital formation leads to the increase rate of savings due to which people can invest their saving in the productive sectors and can earn profit. Capital helps to increase the further wealth. Due to which people can raise their living standards. Country will be prosperous, reduction of poverty takes place in the country, proper mobilization of goods and services will be done properly e.t.c
Hope this helps
Have a great day. Thank you
Dell works hard and always meets his sales quotas so that he never misses a volume bonus and is consistently recognized as a top salesperson. Dell is _______ motivated.
Multiple Choice
extrinsically
internally
intrinsically
prosocially
environmentally
Dell's behavior suggests that he is extrinsically motivated. This means that he is driven by external rewards, such as the volume bonus and recognition as a top salesperson, rather than internal factors like personal satisfaction or enjoyment of the work itself (which would indicate intrinsic motivation).
This type of motivation can be effective in achieving specific goals, but may not necessarily lead to long-term job satisfaction or fulfillment. It's important for individuals to find a balance between external rewards and internal motivation in order to maintain a healthy and sustainable work life.
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The government of Islandia, a small island nation, imports heating oil at a price of $2 per gallon and makes it available to citizens at a price of $1 per gallon. If Islandians demand curve for heating oil is given by P = 6 =Q, where P is the price per gallon in dollars and Q is the quantity in millions of gallons per year, how much economic surplus is lost as a result of the government's policy?
Economic surplus is gained rather than lost.
Economic Surplus:Economic surplus is the sum of consumer surplus and producer surplus. It is also known as welfare surplus. Producer surplus occurs when the producer sells the goods for more than the lowest price they are willing to sell for. Consumer surplus occurs when the consumer pays less than the lowest price he is willing to pay for.
P = 6 = Q
It means that consumers purchase 6 million gallons of oil for a price of $ 6 per barrel. It means they are paying $1 for 1 million barrel.
Since, price = demand, thus at a price of $2 per barrel, consumers will still effectively pay $1 for each million barrel.
Quantity consumed at $1 per barrel = 1 million barrel
Quantity consumed at $2 per barrel = 2 million barrel
Economic surplus = (1/2) ($2 - $1) * (2 - 1) = $0.5 million gallon per year
Thus, economic surplus is gained rather than lost.
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valdivo inc. is a manufacturing firm that specializes in sports-related equipment. valdivo has taken the initiative to enhance employee relations and improve the manufacturing process. which element of excellence does valdivo’s initiative exemplify?
The element of excellence does Valdivo’s initiative exemplify is operational element. It is because Valdivo has taken the initiative to enhance employee relations and improve the manufacturing process.
Operational element are including 3 main points, such as inputs, transformation processes, and outputs. Operations management also known as operational element involves the systematic direction and control of the processes that transform resources (inputs) into finished goods or services for customers or clients (outputs). There are several function of operational element or operational management, such as planning, scheduling, inventory control, purchasing, controlling, and quality control.
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A local pizza shop has hired a consultant to help it compete with national chains in the area. Because most business is handled by these national chains, the local shop operates as a price taker. Using historical data on costs, the consultant finds that short-run total costs each day are given by STC = 10 + q + 0.1q2, where q is daily pizza production. The consultant also reports that short-run marginal costs are given by SMC = 1 + 0.2q.a. What is this price-taking firm s short-run supply curve?b. Does this firm have a shutdown price? That is, what is the lowest price at which the firm will produce any pizza?c. The pizza consultant calculates this shop s short-run average costs as SAC = 10/q + 1 + 0.1q and claims that SAC reaches a minimum at q = 10. How would you verify this claim without using calculus?d. The consultant also claims that any price for pizza of less than $3 will cause this shop to lose money. Is the consultant correct? Explain.e. Currently the price of pizza is low ($2) because one major chain is having a sale. Because this price does not cover average costs, the consultant recommends that this shop cease operations until the sale is over. Would you agree with this recommendation? Explain.
a. The short-run supply curve is given by the short-run marginal cost curve, which is SMC = 1 + 0.2q.
b. Yes, the shutdown price is $5, where average variable cost equals price.
c. We can verify the claim by plotting the short-run average cost curve and observing the point where it intersects the marginal cost curve.
d. Yes, the consultant is correct. Any price below $3 would not cover the average cost of production, resulting in a loss for the firm.
e. It depends on the duration of the sale and the availability of other revenue streams. If the sale is short-term and the firm has other sources of revenue, it may be more profitable to continue operations.
a. The firm's short-run supply curve is given by the portion of the SMC curve that lies above the minimum AVC. In this case, the minimum AVC occurs at q = 10, where SAC = 10/10 + 1 + 0.1(10) = 2. Therefore, the firm's short-run supply curve is S(q) = 1 + 0.2q for prices above $2.
b. Yes, the firm has a shutdown price. The shutdown price is the price at which the firm's revenue will not cover its variable costs, leading to losses greater than fixed costs. In this case, the minimum AVC is $2, so the shutdown price is $2.
c. To verify the claim that SAC reaches a minimum at q = 10, we can use the concept of the average variable cost (AVC). The AVC is given by AVC = \((10 + q + 0.1q^2\))/q = 10/q + 1 + 0.1q.
We can see that the first term, 10/q, decreases as q increases, while the second term, 1, remains constant and the third term, 0.1q, increases as q increases.
Therefore, AVC decreases initially, reaches a minimum at q = 10, and then increases. This implies that SAC reaches a minimum at q = 10.
d. No, the consultant is not correct. We can calculate the breakeven price by setting total revenue equal to total cost, which gives\(P*q = 10 + q + 0.1q^2.\)
Solving for P, we get P = 10/q + 1 + 0.1q. At q = 10, the breakeven price is $2, which is less than $3. Therefore, the firm can cover its total costs at a price of less than $3.
e. It depends on the level of fixed costs. If the fixed costs are high, then the losses from operating at a price of $2 may be greater than the losses from shutting down until the sale is over. However, if the fixed costs are low, then it may be more profitable to continue operating and cover some of the fixed costs.
The firm should compare its total losses from continuing to operate at a price of $2 with its losses from shutting down and make a decision based on the lower cost option.
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when an asset has a significant decline in value and is written down, this is called
When an asset has a significant decline in value and is written down, this is called impairment.
A write-down is a decrease in the carrying amount of an asset, while an impairment is a write-down that occurs because the asset's fair value is less than its carrying amount or its recoverable amount. Impairments occur when an asset's value is decreased, resulting in the asset's carrying amount being higher than its recoverable amount.
A write-down of an asset, such as inventory or equipment, means that the asset's value has declined significantly. When an asset's value is written down, its book value or carrying amount is lowered to reflect the asset's current fair market value.
Write-downs can be made on any type of asset, including property, plant, and equipment, intangible assets, and investments.
In summary, the process of decreasing the carrying value of a long-term asset because it is no longer worth its previous value is called impairment or write-downs.
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2. Suppose that there are five different lemonade stands in the same neighborhood. Explain
how the lemonade stands meet most of the conditions of perfect competition
Answer:
Eventually prices will equalize at all five lemonade stands.
Explanation:
Perfect competition is accomplished when, in an appropriate business, all firms have identical price arrangements and there is an adequately substantial amount of these same firms so that the production arrangement of any one firm has no obvious influence on the cost at which it commodity is marketed.
The lemonade made are similar in taste, thus they are identical products. Thus, if a lemonade seller increases the price of their good, buyers can patronise another lemonade seller. As a result, the price of lemonades would be the same among the five sellers.
Also, there is little or no barriers to entry for lemonade sellers.
A perfect competition is a market were there are numerous buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
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In general, how would you describe the U.S. Economy to someone else?
The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.
What is Gravitational law and how yo solve it
Explanation:
I believe this is what you are asking for, Newton's law of gravitation.
The law of Newton's universal-gravitation states that every particle will attract every other particle in the universe. The force that attracts this is a force that is directly proportional to a product of the mass.
Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789. Trish keeps her books on an accrual basis. The income and expenses for the year are:
Answer:
Trish has income of $211,000
Expenses are $186,000
Explanation:
Income :
Returns and Allowances $340,000
Cost of Goods Sold $326,000
Other deductions $14,000
Gross Profit is $211,000
What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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1.
The material in the coaching clips will be included in the
O A. Class E knowledge exam, but not the final exam
,
B. Class E knowledge exam and the final exam
C. final exam, but not the lesson quizzes
D. final exam and the lesson quizzes
drivers ed
The material in the coaching clips will be included in B. Class E knowledge exam and the final exam.
What are the importance of coaching clips?Coaching clips:
Encourage deeper thinking and reflection. Create opportunities for learners to enjoy fresh perspectives. Help learners develop their capabilities.Clarify the situation, enabling learners to make decisions.Thus, the material in the coaching clips will serve learners to prepare for both knowledge and final examinations.
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Answer:
B
Explanation:
What is the best way to respond to a customer complaint? A. Listen to the customer, B. Overcompensate C. Ignore the customer. D. Respond aggressively.
Answer:
a
Explanation:
u should never let the customer know that they are wrong
The best way to respond to a customer complaint is listen to the customer. It comes under the consumer protection management. The correct option is (A).
What do you mean by Customer Complain?Customer complaints relate to when a firm does not deliver on its commitment and does not satisfy customer expectations in terms of the product or services. Every business's customers are its most important component.
Customer complaints provide your team the chance to engage in open dialogue with your clients.
These exchanges might make your clients feel like they are essential to your success.
Customer complaints give you important information about how well-trained your front-line staff is and how to make improvements.
Therefore, the best way to respond to a customer complaint is listen to the customer. It comes under the consumer protection management.
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What is the purpose of a design brief?
All goods and services we produce are (1) expensive (2) scarce (3) recyclable (4) efficiently produced? Choose one of the numbers.
Question:
All goods and services we produce are (1) expensive (2) scarce (3) recyclable (4) efficiently produced. Choose one of the numbers.
Answer:
All goods and services we produce are expensive.
I hope it helps uh
Please mark me as brainliest if uh want
what is democracy????
Explanation:
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
Answer:
A system in which government is selected by the citizens....
Using the data, calculate the percentage change in quantity demanded following a £3 increase in the price
of salt pipes. You are advised to show your working,
Answer:
idk sry
Explanation:
Consider jasper’s balance sheet. what is the total value of jasper’s assets? what is the total value of jasper’s liabilities?
The entirety of your cash, the things you've bought, plus the money your clients owe you make up your assets. The total amount of money you owe creditors is your liabilities.
The whole value of the assets you own less the total amount of liabilities you owe equals your owner's equity, net worth, or capital.
Total liabilities are computed as the total of current liabilities and non-current liabilities, such as wages and interest due (e.g., long-term debt).
The total of all current and long-term liabilities from the balance sheet is known as the book value of total liabilities ($). Sales ($) = Income (including other income) from the Income Statement.
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Answer:
assets: $15,800
liabilities: $4,400
Explanation:
Analyse what effect the building of an airport may have on the decision of how to use an area of land nearby.
What is the basis of effective communication? group of answer choices the interpretation of meaning transmitting a message from sender to receiver support of basic management functions consistency of meaning nonverbal feedback
Answer:
The basis of effective communication is the transmission of a message from the sender to the receiver in a way that ensures a shared understanding of its meaning.
Explanation:
Effective communication requires that the message is transmitted clearly, accurately, and concisely, and that the receiver interprets it as the sender intended. The support of basic management functions, consistency of meaning, and nonverbal feedback can all contribute to effective communication, but they are not the basis of it. Ultimately, effective communication is built on a shared understanding of the message being conveyed, and it is the responsibility of both the sender and the receiver to ensure that this understanding is achieved.
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-> The beta of Alcoa Co.'s stock is 1.3 and the risk-free rate of return is 4.3.If the expected return on the market is 19, what should investors expect a return on Alcoa Co.?
-> RTR Corp. has reported a net income (earnings after taxes) of $868,649this year. The company's share price is 13, and the company has 255,245shares outstanding. Compute the firm's price-earnings ratio.
Investors should expect a return of approximately 23.41% on Alcoa Co. The firm's price-earnings ratio is 3.82.
1. To calculate the expected return on Alcoa Co., we can use the Capital Asset Pricing Model (CAPM) formula.
Expected Return = Risk-Free Rate + Beta * (Expected Market Return - Risk-Free Rate)
The beta of Alcoa Co.'s stock = 1.3
Risk-Free Rate of return = 4.3%
Expected Market Return = 19%
Expected Return = 4.3% + 1.3 * (19% - 4.3%)
Expected Return = 4.3% + 1.3 * 14.7%
Expected Return = 4.3% + 19.11%
Expected Return = 23.41%
Therefore, investors should expect a return of approximately 23.41% on Alcoa Co.
2. The price-earnings ratio (P/E ratio) is calculated by dividing the market price per share by the earnings per share (EPS).
Net income (earnings after taxes) = $868,649
Share price = $13
Number of shares outstanding = 255,245
Earnings per share (EPS) = Net income / Number of shares outstanding
EPS = $868,649 / 255,245 = $3.40
Price-Earnings Ratio (P/E ratio) = Market price per share / Earnings per share
P/E ratio = $13 / EPS
Calculating the P/E ratio using the given values, we have:
EPS ≈ $3.40 (rounded to two decimal places)
P/E ratio = $13 / $3.40
P/E ratio ≈ 3.82 (rounded to two decimal places)
Therefore, the firm's price-earnings ratio is approximately 3.82.
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THREE government regulations that guides the establishment and operation of a business.
1. Define Trade, Import and Export
2. List items the U.S. imports and exports.
Answer:
food and clothing
Explanation:
import is to bring things from a different country for sale. export is to give things to a different country or place for sale. trade is to transfer or exchange something from a different country.
7. Choose if the product is a Good, a Service, or Both.
buying a bicycle
getting a back massage
getting the plumbing fixed in your house
use of a smartphone app
buying a new AC unit for your house
buying a hamburger
getting your taxes completed by a tax firm
Answer:
1 buying a bicycle it's a good
2 getting a back message it's a service
3 getting the plumbing fixed in your house it's a service
4 use of a smartphone app it's a service
5 buying a new Ac unit for your house it's a service
6 buying a hamburger it's a good
7 getting your taxes completed by a tax firm it's both