Since they filed bankruptcy in the past, a couple ends up paying a 12% fixed rate for a 30 year mortgage. With a better credit rating, they could have gotten the loan at a rate of 8%. If their loan amount is $140,000, how much more per month will the couple be paying for their mortgage as a result of their bankruptcy? a. $137,532. 67 b. $412. 79 c. $1,440. 06 d. $260. 37 Please select the best answer from the choices provided A B C D.
Answers
Based on the scenario given , we can see that because the couple have already filed for bankruptcy, there is a 12% fixed rate for a 30 year mortgage, therefore, if they got 8% loan rate and the loan amount is $140, 000, then the amount which they would be paying more would be $412.79.
As a result of this, we can see that their extra amount which they would pay is to first calculate the total loan tenure which is 30 x 12 = 360 months.
Next would be to find the new monthly payments from the better credit rating and it would be $1,027.27
Next, we would factor in the bankruptcy factor which would be 0.01.
Next, we would calculate the monthly payments would be $1,440.06
Finally, we would find the difference between the excess payment which would be $1,440.06 - $1,027.27
Therefore, the correct answer is $412.79
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Answer:
✅ B. $412.79i got it right⬇️
Related Questions
Apple want to ensure their products continue to produce a positive cash flow. They are considering 2 options for their
iPod product range's product life cycle. Justify which option Apple should choose (9 Marks)
A-Use extension strategies to extend the product's lifecycle.
B-Decline
Answers
Answer:
The Product Life Cycle
Every product goes through the various life cycle phases of introduction, growth, maturity and decline.
Key Points
Depending on its current stage in the product life cycle, a product will have different marketing, financing, manufacturing, purchasing and human resource requirements.
In the market introduction stage (following product development ), the product is released on to the market.
Sales are low and costs are high in the market introduction stage, thus, no profits are made. There is little to no competition and demand must be created through heavy promotion.
Key Terms
decline stage: when a product is not predicted to continue to be successful or upgraded
product life cycle: The process wherein a product is introduced to a market, grows in popularity, and is then removed as demand drops gradually to zero.
maturity stage: when a product is no longer in the growth stage, but not yet in the decline stage
Product Life Cycle: Overview
The product life cycle (PLC) describes the life of a product in the market with respect to business/commercial costs and sales measures. It proceeds through multiple phases, involves many professional disciplines and requires a multitude of skills, tools and processes.
This is not to say that product lives cannot be extended – there are many good examples of this – but rather, each product has a ‘natural’ life through which it is expected to pass.
The stages of the product life cycle are:
Introduction
Growth
Maturity
Decline
PLC management makes these three assumptions:
Products have a limited life and, thus, every product has a life cycle.
Product sales pass through distinct stages, each of which poses different challenges, problems and opportunities to its parent company.
Products will have different marketing, financing, manufacturing, purchasing and human resource requirements at the various stages of its life cycle.
The product life cycle begins with the introduction stage (see ). Just because a product successfully completes the launch stage and starts its life cycle, the company cannot take its success for granted.
if marginal cost exceeds marginal revenue, a profit-maximizing monopolist will
Answers
Answer:
Reduce marginal costs so that they equal marginal revenue.
Explanation:
Regardless of whether the producer is a monopolist, oligopolist, or in perfect competition, the profit-maximizing quantity is where marginal revenue equals marginal costs, or in other words the cost of producing the next unit of output is equal to the revenue earned by the next unit of sales. Any output before this holds an opportunity cost, and any output after this intersection is losing money.
You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your "No Haggle" sales policy. Last year, your dealership earned record profits of $1.9 million. In your market, you compete against two other dealers, and the market-level price elasticity of demand for midsized Honda automobiles is -1.2. In each of the last five years, your dealership has sold more midsized automobiles than any other Honda dealership in the nation. This entitled your dealership to an additional 40 percent off the manufacturer’s suggested retail price (MSRP) in each year. Taking this into account, your marginal cost of a midsized automobile is $11,000.
What price should you charge for a midsized automobile if you expect to maintain your record sales?
Answers
The price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
Using this formula
Midsized automobile price = Marginal Cost (3×Elasticity) / 1 + (3 × Elasticity)
Let plug in the formula
Midsized automobile price = $11,000 (3× -1.2) / 1 + (3× -1.2)
Midsized automobile price = $14,000 × -4.8/ -3.8
Midsized automobile price = $14,000 × 1.384615
Midsized automobile price = $15,230.765
Midsized automobile price =$15,230.77 (Approximately)
Inconclusion the price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
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Hurry up and help…..
Answers
Answer:
1. A luxury brand of automobile that appeals to peoples need for prestige. psychographic segmentacion
2. a company marking their range of raincoats and umbrellas just before the onset of spring. geographic segmentation
3. a company marketing its kitchen appliances to affluent woman. demographic segmentation
4. a gym offering annual memberships to regular customers at cheaper rates with added benefits. behavioral segmentation
the best way for federal reserve board officials to help boost a stagnant economy is to
Answers
The most beneficial way for the Federal reserve board officials to help boost such economy is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.
The federal reserve board officials are nominated by the President and Senate to oversee the activities of the federal reserve.
Typically, the stagnant economy is characteristic by increasing interest rate which will discourage borrowing from bank.However, if the officials lower the interest rate for bank, it will encourage more provision of loans to borrowers.Therefore, the most beneficial way is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.
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Hedging risk involves engaging in a financial transaction that offsets a long position by taking an additional ________ position, or offsets a short position by taking an additional ________ position.
Answers
Risk Hedging entails offsetting a long position by taking an additional short position or offsets a short position by taking an additional long position.
Risk Hedging refers to various strategy employed to reduce exposure to an investment risk.
Risk Hedging is when the hedge the risk of one investment by taking an offsetting position in another investment.Hence, the strategy of Risk Hedging entails offsetting a long position by taking an additional short position or offsets a short position by taking an additional long position.
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On January 1, 2021, Gundy Enterprises purchases an office building for $195,000,
paying $45,000 down and borrowing the remaining $150,000, signing a 8%, 10-
year mortgage. Installment payments of $1,819.91 are due at the end of each month,
with the first payment due on January 31, 2021.
pok
2. Complete the first three rows of an amortization schedule. (Do not round intermediate
calculations. Round your final answers to 2 decimal places.)
int
ences
Decrease in
Date
Cash Paid
Interest
Expense
Carrying Value Carrying Value
1/1/2021
$ 150,000.00
1/31/2021
1,819.91
nnnnnnn
4040
< Prev
G2
5 6
7
of 7
Next >
Answers
Answer:
%You can answer that read your books or module you can find the answer
Explanation:
thank u bbb
You work as the inventory manager at a golf pro shop. The club pro has reviewed and approved a new golf club collection, and you proceed to complete the purchase by negotiating a price and finalizing paperwork with the manufacturer. In this scenario, you are in the role of ______. Multiple choice question. influencer initiator user buyer
Answers
Answer:
Buyer
Explanation:
I did this question
Make a Claim
Dana needs to use the information from her 1098-T form to determine if
she qualifies for a tax credit. If information is missing on her 1098-T form,
leave the matching input field blank.
Input amounts from the 1098-T form into matching tax preparation software fields.
Answers
1098-T form is a U.S tax form for students or parents to obtain a tax credit on the amount of fee paid during an educational term or semester or year.
This form determines if the students or their parents qualify for the tax credit.
Yes Dana is eligible for her tax credit as her expenses are greater than $ 4000. For this she will receive $2500
If the scholarships exceed the amount of the educational fee then a tax credit has to be recalculated on a certain amount.
The first box is to be filled by the student's name (Dana) in this case, her address and her contact number.
The other boxes are to be filled with the filler and social security numbers as asked.
The no 1 box gives the tuition fees received and box 2 gives the tuition fees billed.
The box 3 has to filled if any change is made by the institution in billing amount.
The other boxes are filled similarly and the form is submitted to the IRS and the copy is kept with the student.
In the given question only 3 pieces of information are given .
Name : Dana
Amount Received : $ 16,467
Scholarship Received: $ 1500
These are already filled in the form.
Educational tax credit covers up to 100% of the first $2000 of the educational expenses and 25% of the next $ 2000 expenses.
It can be filed if the parent's income is up to $ 80,000 in the year 2020.
Yes Dana is eligible for her tax credit as her expenses are greater than $ 4000. For this she will receive $2500
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Answer:2500
Explanation:
Shenzhen Co. Uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are ÂŁ420,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of ÂŁ1,500. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of ÂŁ740 instead of a credit balance of ÂŁ1,500, determine the amount to be reported for bad debt expense.
Answers
Based on the information given the appropriate journal entry to record bad debt expense for the year is:
a. Shenzhen Co. Journal entry
Debit Bad Debt Expense $2,700
Credit Allowance for Doubtful Accounts $2,700
[(1%×$420,000)-$1,500]
(To record bad debt expense)
b. Bad debt expense
Bad debt expense=[(1%×$420,000)+$740]
Bad debt expense=$4,200+$740
Bad debt expense=$4,940
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This is Pete's PPC curve for staying in touch with friends via phone vs. his weblog during one week. Pete plans to write four entries to his weblog. How many
conversations with friends can he have to efficiently use his time?
OO
01
04
06
Answers
To efficiently use his time, the number of conversations with friends Pete can have is 4.
The Production possibilities curve shows the different ways goods and can be combined so resources are fully utilised. The PPC is concave to the origin.
Points on the curve indicate efficient production. Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources . Points inside the production possibilities curve means that the nations resources are not being fully utilised.
If Pete wants to write 4 blog entries, trace the 4 on the y-axis to the curve and trace it to the x-axis. Based on this, Pete can have 4 conversations with friends.
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The auto insurance plans available from Fret-No-More Auto Insurance are outlined in the table below. To be considered "full" coverage, an insurance plan must include one level of coverage from each category. What is the annual premium for the cheapest insurance plan available from Fret-No-More that is considered full coverage?.
Answers
There are different types of car insurance. The annual premium for the cheapest insurance plan available from Fret-No-More that is considered full coverage is $473.16
Insurance is often made for vehicles. The six most used car insurance coverage options are:
Auto liability coverage Uninsured and underinsured motorist coverageComprehensive coverage, Collision coverageMedical payments coverage and Personal injury protection.These insurance are often taken based on where a person live, They can be mandatory and optional coverage types.
Auto insurance is a contract between you and the insurance company that protects you against unforeseen accident or theft.
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Answer:
A: $473.16
Explanation:
Marketing intermediaries add __________ utility to products by having them available when consumers want them.
Answers
Based on business sales strategy, marketing intermediaries add time utility to products by having them available when consumers want them.
This is because the time utility allows the business firms and marketers to make the products available to the consumers whenever they need them.
Time utility is a marketing tool used by the business firms like retails to add value to products and to bridge the gap between the products and consumers.
Hence, in this case, it is concluded that the correct answer is "time utility."
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Which of the following is typically NOT led by a company's Human Resource department?
Answers
Answer: they dont file complaints
Explanation:
In the new media world of social media, new territory has opened up for ethical challenges. What is an ethical focus question a company should ask itself before posting a piece on social media?.
Answers
The ethical-focus question that a company should ask itself before posting includes:
is this post transparent?is this post honest? is this post ethical?Ethical principles in this context refers to making sure that the post has moral and is acceptable to the public.
Hence, the ethical-focus question should includes is this post transparent? is this post honest? is this post ethical? etc
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Many of the meetings in which office workers are involved are informal, small group meetings
Answers
Answer:
false
Explanation:
office meetings are always formal because this is a serious meeting. Every worker is also involved. You can tell by the way they dress the meeting and the way they speak is formal.
brenda apologized to kordell for an e-mail that upset him. she said she had chosen an inconsiderate way of stating her idea, and that she’d be happy to discuss it further. brenda is:
Answers
The behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: expressing consideration behavior.
Consideration behavior can be described as exhibiting a friendly and supportive disposition by considering the interests of others. It also entails effectively communicating openly with others, having respect of their ideas and showing concern for their feelings.
Thus, the behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: expressing consideration behavior.
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If you move a shipment from point A to point B, the subsequent movement from point B back to point A is most commonly referred to as the ____________
Answers
When an individual moves a shipment from one point to another point and then moved it back to the previous point, it's known as reciprocal movement.
Reciprocal movement simply means a movement that's repetitive in a rotational or linear manner.
If one moves a shipment from point A to point B, the subsequent movement from point B back is reciprocal movement. Reciprocal movement can also occur when two businesses promote each other so that they'll gain a mutual benefit.
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What type of promise to pay does a promissory note represent?
Answers
Answer:
my left
Explanation:
Answer: unconditional
Explanation: i just got it right
Differentiate between equity financing and debt financing?
Answers
Answer:
When a business wants to obtain cash, it has two options for financing: equity financing and debt financing. Equity financing is the most common kind of financing accessible to companies. Debt financing refers to the borrowing of money, while equity financing refers to the sale of a piece of the company's stock.
Explanation:
Hope it helps:)
the starting point for preparing the operating activities section using the indirect method is ______.
Answers
Organizations often have different operations. The starting point for preparing the operating activities section using the indirect method is Net income.
Net income is simply known to be the gross profit and removing all other expenses, costs and any other income and revenue sources that are not included in gross income.
A lot of other costs is often removed from gross to make it be at net income. They include interest on debt, taxes, and operating expenses or overhead costs.
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Type the correct answer in the box. Spell all words correctly.
What is a continuous discussion to bring out innovative ideas from employees?
A _____ session is a continuous discussion to bring out innovative ideas from employees. (Using Plato for this)
Answers
The name which is given to the session that is a continuous discussion to bring out innovative ideas from employees is called:
BrainstormingAccording to the given question, we are asked to state the name which is given to the session that is a continuous discussion to bring out innovative ideas from employees.
As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit
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Do you think it is fair for dealers to charge you more for a car they pay the manufacturer
Answers
Answer:
I dont think they should charge more
Explanation:
Answer:
In my opinion, No,
But this occurs only when demand is so high that dealers aren't struggling to make a sale, and it generally indicates that an MSRP is too low. In the rare case that dealers can't restock a particular vehicle fast enough, it's perfectly legal (and a savvy business decision) to charge more than the MSRP.
I hope this helps.
How do fast-food restaurants rationalize the process of providing food to customers, according to Robin Leidner in Fast Food, Fast Talk
Answers
According to Robin Leidner, fast-food restaurants rationalize the process of providing food to customers by developing standardized scripts for employees to use when dealing with customers.
There are many advantages associated with the fact that fast-food chains develop standardized scripts for customer service, as this way, they ensure compliance and quality of processes.
Standardization in fast-food restaurants therefore ensures faster service, mechanization of processes and higher quality in food production, since production and service standards must be followed in any unit of a fast-food chain.
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which three activities are part of the function of accounting?
Answers
The 3 activities which are part of the function of accounting includes:
Classifying financial transactions interpreting financial transactions Recording financial transactionsAccounting (including bookkeeping) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.
As regards the options, 3 activities which are part of the function of accounting includes:
Classifying financial transactions interpreting financial transactions Recording financial transactionsIn conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.
Missing word includes "1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"
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have anyone seen the new resident evil welcome to raccoon city trailer if anyone answer this will get brianlist
Answers
Answer:
Explanation:
yup !! its so cool fr
A key contribution of ________ was the identification of the major functions of management which are planning, leading, organizing, and controlling. total quality management administrative management the behavioral viewpoint contingency theory
Answers
Every Firm needs management. A key contribution of Administrative management was the identification of the major functions of management which are planning, leading etc.
Administrative Management is known to be a type of management that is concerned with managing everything about the organization.
They are responsible for planning, organizing, leading, controlling, and coordinating and stating the need for budgets and controls.
Conclusively, this type of management is based on seeks to make an organization that is efficient and effective.
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What hootsuite analytics feature allows you to share an unlimited amount of customizable social analytics data, to surface the performance of your organization’s social accounts to key stakeholders?.
Answers
The Reports feature of hootsuite analytics allows one to share an unlimited amount of customizable social analytics data.
The Hootsuite Analytics is to used to measure the performance of someone's social media activity across multiple social networks.
The reports feature of hootsuite analytics allows one to share an unlimited amount of customizable social analytics dataThe reports feature of hootsuite analytics helps to surface the performance of your organization’s social accounts to key stakeholders.
Hence, the Report features is the answer.
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When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond?.
Answers
Samra should react professionally and sympathetically in the event that a patient, like Ms. McConnley, is unable to pay the $25 copayment.
Samra might approach the matter in the following manner:
Remain Calm and Empathetic: Speak to Ms. McConnley patiently and with an understanding of her predicament.Offer Alternative Payment Options: Mention any accessible payment plans or assistance programs, as well as alternative payment options like credit/debit cards.Ask whether she may postpone the payment due to anticipated short-term financial problems. Discuss Delayed Payment.Communication with Supervisor: If necessary, seek guidance from a supervisor, especially if the circumstance calls for special treatment.Note the Interaction: Detail the talk, any agreements, and any subsequent actions in detail in the patient's chart.Respect patient privacy by handling sensitive information discreetly and securely when recording.Share contact information with the billing department or patient financial services to get more information about payment plans and financial aid.Hence, maintaining empathy, looking for solutions, and professionally recording interactions when dealing with Ms. McConnley's condition all contribute to a patient-centered approach and accurate record-keeping for efficient healthcare administration.
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The given question is incomplete; below is the full question.
How should Samra handle the situation with Ms. McConnley? When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond? When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond? Is it necessary for Samra to make any notations in the patient’s chart?
Bob owns 5 acres of land. Bob sells the land to a real estate developer who builds a subdivision with 10 houses. The land is an example of a good that is a. both rival in consumption and excludable. b. neither rival in consumption nor excludable. c. excludable, but not rival in consumption. d. rival in consumption, but not excludable.
Answers
Answer:
I think its A
Explanation:
