If you want to buy a $245,000 house with a 15% down payment, how much will you be borrowing from the bank? If the interest you will pay is $210,000 total, how much total (interest and principal) will you pay on the borrowed money over the 30 years of your mortgage?

Answers

Answer 1

Answer:

Explanation:

year and any subsequent word will have to be  ignored because we limit queries to 32 words.

For a home price of $250,000 the minimum down payment would be $8,750.


Related Questions

what is business and what are the four resources a business needs in order to be successful ​

Answers

Answer: Business is an organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. The four resources are Human resources, material resources, informational resources, and financial resources.

Explanation: Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit

Hope this was helpful

Communication which occurs via a
phone call would fall under which
category?
A. synchronous
C. horizontal
B. asynchronous
D. vertical

Answers

Communication occurs g via phone call falls under A. Synchronous

what is a sole parternership?

Answers

SOLE PARTNERSHIP

A sole partnership is a type of business structure in which a single individual owns and operates a business. The sole proprietor is personally responsible for all aspects of the business, including making decisions, managing operations, and assuming liability for any debts or legal issues that may arise.

In a sole partnership, the owner has complete control over the business and makes all the decisions. There is no legal separation between the owner and the business, so the owner is personally liable for any debts or legal issues that may arise. This means that the owner's personal assets, such as a home or savings, are at risk if the business is sued or incurs debts that it cannot pay.

Sole partnerships are relatively easy to set up and operate, as they do not require any formal registration or compliance with complex legal requirements. However, they may not be the best choice for businesses that are seeking to raise capital or that are at risk for significant liability.

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Not all industries and not all firms have sufferedequally during COVID-19. Find two industries: one that suffered tremendously and one that suffered less. Then find two firm within each other of the two industries: one
that suffered tremendously and one that improved performance (total of four firms). Investigate what are behind their performance differences.

Answers

Wide-ranging effects on company turnover between and within "high-contact" industries, including wholesale and retail, transportation and storage.

What sectors of the economy were unaffected by COVID?

Administrative and waste management services and professional, scientific, and managerial services are the other two areas that COVID-19 has least of an impact on. Real estate, finance & insurance, and rental & leasing.

What impact has COVID-19 had on the business field sector?

During the coronavirus pandemic in 2020, 6.0 percent of businesses cancelled, 9.7 percent postponed, 8.2 percent lowered, and 1.5 percent increased part of their anticipated capital expenditures. A total of 1.7 percent of businesses made new, unplanned capital investments.

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Networking is an example of this section of the marketing plan.
O marketing strategy
O marketing tactic
O competitive analysis
O market analysis

Answers

Networking is an example of A.marketing strategy section of marketing plan.

What is Network marketing?

Network marketing is a type of business that relies on independent salespeople selling to other people one-on-one while frequently working from home.

Network marketing is a type of marketing where people use their own networks to expand their businesses or sell products. With the typical implementation of a training and mentoring procedure for new employees, these networks are leveraged to generate leads and recruit clients or partners.

Therefore, option  A is correct.

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what is federal housing administration?

Answers

The Federal Housing Administration (FHA) is a U.S. government agency that provides mortgage insurance on mortgages made by FHA-approved lenders. The FHA was created in 1934 as part of the National Housing Act, and its purpose is to provide mortgage insurance on loans made by private lenders for the purchase of homes. This insurance helps to protect the lender against loss if the borrower defaults on the loan, and it allows borrowers who might not otherwise qualify for a conventional mortgage to purchase a home. The FHA does not actually make loans, but instead it insures mortgages made by private lenders, meaning that if the borrower defaults on the loan, the FHA will pay the lender.

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Using complete sentences, explain how a business can improve productivity,
and why productivity is so important to businesses?

Answers

There are many ways that a business can improve productivity. Some common strategies include:

Streamlining processes and eliminating unnecessary steps.Investing in technology and automation to reduce the time and effort required for certain tasks.Providing training and development opportunities to employees to improve their skills and efficiency.Setting clear goals and expectations for employees, and providing feedback on their performance.

Productivity is important to businesses because it directly affects the bottom line. When a business is able to produce more goods or services in the same amount of time, it can reduce costs and increase profits. Productivity is also important for staying competitive in the market, as businesses that are able to produce more efficiently are able to offer lower prices to customers. In addition, improving productivity can help businesses to grow and expand, by allowing them to take on more work and increase output.

1.Critically evaluate how success and failure in practice of basic management functions affect the organization. Support with real local examples.

Answers

Most often, the success and failure of the basic management functions of the organization rest on an effective or ineffective manager, who is in charge of the basic management functions.

How does basic management functions affect the organization?

An organization's effective management entails the ability to plan, organize, lead, and control resources in order to achieve its goals and objectives. When these management functions are carried out successfully, the organization's efficiency, productivity, and overall performance are likely to improve.

As a result, a well-organized organization with a clear chain of command and decision-making process will be able to respond to challenges and opportunities more effectively.

However, when basic management functions are not carried out successfully, it can have a negative impact on the organization. Poor planning can waste resources and lead to missed opportunities, whereas disorganized systems and processes can lead to inefficiencies and confusion.

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3. You have Birr 1,500 to invest today at 7% interest compounded annually. Find how much you will have accumulated in the account at the end of (1) 3 years, (2) 6 years, and (3) 9 years.

Answers

1-The amount accumulated at the end of 3 years is Birr 1,837.56

2-The amount accumulated at the end of 6 years is Birr 2,251.10

3-The amount accumulated at the end of 9 years is Birr 2,757.69

The formula to calculate compound interest is

A=P(1+r/n)∧nt

Where, A=  final amount

P= initial Principal

r= rate of interest

t= time period

n= number of times interest applied(annually, quarterly etc)

1- P=1500   r=7%   t=3   n=1

Amount=1500(1+0.07/1)∧3

=1837.56

2- P=1500   r=7%  t=6 years  n=1

Amount = 1500(1+0.07/1)∧6

=2251.10

3- P=1500   rate=7% time t=9 years  n=1

Amount= 1500(1+0.07/1)∧9

=2757.69

Therefore Amount at the end of 3 years is 1837.56

6 years is 2251.10 and at the end of 9 years is 2757.69

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What is your favorite quote? At the top of your journal entry, type out one quote that is a source of inspiration or motivation for you. Place quote marks around it and include an APA style in-text citation next to it.

In a paragraph of 8-10 sentences, explain why you like this quote. Develop your paragraph by sharing personal examples, explanation, and connections to other ideas in this course or other media you have seen, heard, or read.

After your paragraph, create an APA style reference entry for the website or page where you found this quote.

Answers

A quote that can be a source of inspiration or motivation for the development of knowledge and critical reasoning is:

"Reading provides the spirit with materials for knowledge, but only thinking makes what we read our own". (John Locke)What is critical reasoning?

It corresponds to the ability of human beings to analyze a theory, opinion and vision on a topic according to their own perspectives and rational and logical precepts, always seeking to observe, investigate, contest and prove a thought taken as true.

Therefore, the phrase of the famous Enlightenment thinker John Locke helps in understanding the importance of thought for society, taking reason as the source of knowledge and development of society and individuals.

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Thomas’ family also runs a gourmet food store that sells two main products: Premium Caviar and Goose Foie Gras. They import the Premium Caviar from Russia, and purchase Goose Foie Gras from Upstate New York. The two products are sold in boxes. Thomas gathers the following information:

When Thomas took accounting courses at college, he knows how to do cost-volume-profit analysis pretty well. However, he just remembers how to do the analysis for those companies with only one product. Therefore, he needs your help to calculate the following:

a. What is the business’ weighted-average contribution margin per unit? (show your computation)


b. Calculate the business’ break-even point in units assuming the current sales mix. (show your computation)


c. What will be the number of Premium Caviar and Goose Foie Gras boxes at the break-even level of sales? (show your computation)

d. What is the business’ weighted average contribution margin ratio? (show your computation)

I have it completed... just need to check my work. I would appreciate a response as soon as possible.

Answers

a.

Premium Caviar:

Selling price per unit: $50

Variable cost per unit: $25

Contribution margin per unit: $50 - $25 = $25

Goose Foie Gras:

Selling price per unit: $30

Variable cost per unit: $15

Contribution margin per unit: $30 - $15 = $15

How to determine the weighted-average contribution?

To determine the weighted-average contribution margin per unit, we need to know the sales mix (the proportion of total sales for each product). Let's assume that the sales mix for Premium Caviar and Goose Foie Gras is 50:50, so half of total sales are for Premium Caviar and the other half for Goose Foie Gras.

The weighted-average contribution margin per unit is calculated by multiplying the contribution margin per unit for each product by the proportion of sales for that product, and then summing those values.

Weighted-average contribution margin per unit = (Contribution margin per unit for Premium Caviar x Proportion of sales for Premium Caviar) + (Contribution margin per unit for Goose Foie Gras x Proportion of sales for Goose Foie Gras)

= ($25 x 0.50) + ($15 x 0.50) = $20

To calculate the break-even point in units, we need to know the total fixed costs of the business. Let's assume that the total fixed costs are $100,000.

The break-even point in units is calculated using the following formula:

Break-even point in units = Total fixed costs / Contribution margin per unit

= $100,000 / $20 = 5000 units

c. To calculate the number of Premium Caviar and Goose Foie Gras boxes at the break-even level of sales, we need to know the sales mix. We can use the sales mix we assumed earlier (50:50) and multiply it by the break-even point in units:

Premium Caviar boxes = (Break-even point in units x Proportion of sales for Premium Caviar) = (5000 x 0.50) = 2500 boxes

Goose Foie Gras boxes = (Break-even point in units x Proportion of sales for Goose Foie Gras) = (5000 x 0.50) = 2500 boxes

To calculate the weighted average contribution margin ratio, we need to divide the weighted-average contribution margin per unit by the weighted-average selling price per unit.

Weighted-average selling price per unit = (Selling price per unit for Premium Caviar x Proportion of sales for Premium Caviar) + (Selling price per unit for Goose Foie Gras x Proportion of sales for Goose Foie Gras)

= ($50 x 0.50) + ($30 x 0.50) = $40

Weighted-average contribution margin ratio = Weighted-average contribution margin per unit / Weighted-average selling price per unit

= $20 / $40 = 0.50 or 50%.

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Which provides the best example of a company policy which addresses attendance and time off?

A company requires all employees to file vacation day requests first with the human resources department and then with their supervisors.
A company uses a system for promotions that evaluates candidates based on achievements and without knowledge of the candidate's gender or race.
A company requires all employees to file vacation day requests first with the human resources department and then with their supervisors.
A company requires all incoming job candidates to complete a screening for illegal and certain legal substances before hiring.

Answers

All employees must submit requests for vacation days to the human resources office first, then to their managers. Consequently, the optimal choice is (D).

What is a time and attendance policy?

For your business to run smoothly, you must have a time and attendance policy, which is a list of guidelines for your employees on when to report for duty and under what conditions they may be excused.

It promotes a professional workplace. It promotes efficiency. Setting expectations for workers makes it easier for them to comprehend the duties they will be responsible for.

No of the nature of your company, the sector in which you work, or the location of your office, you must have a time and attendance policy for your staff.

Hence, option (D) is accurate.

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Which of the following is not a marketing activity?

Designing web advertisements
Analyzing guest satisfaction measurements
Coordinate public relations and publicity
Coordinating market research

Answers

Answer:

Designing web advertisements

Explanation:

Designing webs are not for marketers, so there's nothing to design

1. When the quantity supplied cannot be increased, regardless of what the price may be, it is called
Operfect inelastic supply
O elasticity of price
O inelastic supply
O elastic supply

Answers

When the quantity supplied cannot be increased, regardless of what the price may be, it is called perfect inelastic supply. Thus the correct option is A.

What is Supply?

Supply is referred to as making the availability of the demanded object in the market. This can be goods, commodities, or currencies as well. If the supply of demanded goods is not fulfilled it reflects scarcity.

Quantity supplied remains static regardless of price changes, which is referred to as perfectly inelastic supply. it is a circumstance in which businesses are only capable of providing a fixed number and are therefore unable to increase or decrease the amount regardless of price changes.

Therefore, option A is appropriate.

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Using the following information about the family’s assets and liabilities, calculate the debt ratio: Checking account: $3,000 Savings account: $13,000 Credit card balance: $5,500 Utility bill: $500 Home: $320,000 Mortgage (30 years): $210,000 Car: $25,000 Car loan (60 months): $18,000 Student loan (7 years): $25,000 Household items: $15,000 Retirement account: $64,000 Other assets: $39,000

Answers

Based on the various assets and liabilities that the family has, the debt ratio can be calculated to be 54.1%.

How is the debt ratio calculated?

The debt ratio can be calculated as:

= Total debt / Total assets

Total debts

= Credit card balance + Utility bill(Car loan (60 months) + Student loan (7 years)

Total assets

= Checking account + Savings account + Home + Car + Household items + Retirement account + Other assets

= (5,500 + 210,000 + 180,000+ 25,000) / (3,000 + 13,000 + 320,000 + 25,000 + 15,000 + 64,000 + 39,000)

= 258,500 / 479,000

= 54.1%

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take a look at the figure. The basic shape of the body of the lamp shown is a A. cylinder. B. pyramid. C. cone. D. sphere.

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The basic shape of the body of the lamp shown is the cone. A cone is formed by a set of line segments, half-lines, or lines connecting a common point.

What is a cone?

The cone in the shape of the figure is a three-dimensional geometric shape. That smoothly forms a flat base to a point called the apex or vertex. A cone is formed by a set of line segments, half-lines, or lines connecting a common point, the apex. the points on a base that is in a plane that does not contain the apex.

A cone refers that a shape consisting of a circular base and the once continuous curved base tapering to a point (the apex) above the center of the circular base.

Therefore, The lamp shown is the cone. A cone is formed by a set of line segments

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You are provided two problem statements below (Homework Problem 1). For each, provide a score on a scale of 1 to 10 with 10 being best. Provide justification for each score that you gave.
Example Problem Statements
We want to improve employee performance in the Human Resources (HR) department.
We want to improve sales revenue by 10%

Answers

To provide a score on a scale of 1 to 10 on the problem statements, as per the examples, we can score as follows:

Improve the performance of HR employees, score 9, as this is a problem that affects the entire organizational system.Improve sales revenue by 10%, grade 7, as sales revenue can be improved in the period according to commemorative dates.What are organizational problem statements?

They correspond to an analysis of the organizational environment to understand what are the greatest needs for improvement, control and revision, to eliminate production bottlenecks, lack of integration and organizational flow.

Therefore, the problem statements in an organization help in managing more aligned to the reality of the company, such as its resources, monitoring and review of the processes that are responsible for making the company successful and positioned in the market.

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what is tertiary production?​

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Tertiary production refers to the service sector of an economy. It includes industries such as retail, hospitality, healthcare, education, and finance. This sector provides services to consumers, rather than producing tangible goods. Tertiary production is also known as the services sector, or the service economy. It is considered a key driver of economic growth, as it creates jobs, generates revenue, and contributes to overall economic activity.

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The _____ is the person who provides support or obtains funding.


stakeholder
project manager
customer
sponsor

Answers

Answer:

sponsor

Explanation:

The difference between a​ business's revenues and its expenses is known as its​ _______.

Answers

Answer:

Net income,

also known as the bottom line, is revenues minus expenses. There is a profit when revenues exceed expenses.

Benny’s Arcade has six video game machines. The aver-
age time between machine failures is 50 hours. Jimmy, the

maintenance engineer, can repair a machine in 15 hours
on average. The machines have an exponential failure
distribution, and Jimmy has an exponential service-time
distribution.
a. What is Jimmy’s utilization?
b. What is the average number of machines out of service,
that is, waiting to be repaired or being repaired?
c. What is the average time a machine is out of service?

Answers

Jimmy's utilization is 30%, The average number of machines out of service that is, waiting to be repaired or being repaired is 43%, and The average time a machine is out of service is 21.43 hours.

What do you mean by Service rate?

Service rate is used to calculate the rate or supply of service in any business.

Data given ;

Arrival rate (λ) = 1/50

Service rate (µ ) = 1/15

a) Utilization (P) = λ/µ

= 1 / 50 / 1 / 15

= 15 / 50

= 0.30

= 30%

b) Average number of out-of-service machines waiting to be repaired or being repaired (L) = q / λ

= (p²/1-p) / λ

= (0.30²/1-0.30) × 1/50

= 0.129 × 1/50

= 6.43

Average time spent by out-of-service machines waiting to be repaired, or being repaired

W = Wq + 1 / µ

= 6.43 + 15

= 21.43

The average number of machines out of service that is, waiting to be repaired or being repaired

L = λW = 21.43/50 = 0.43

3:00

c) Average time spent by out-of-service machines waiting to be repaired, or being repaired.

W = Wq + 1 / µ

= 6.43 + 15

= 21.43

Therefore, Jimmy's utilization is 30%, The average number of machines out of service that is, waiting to be repaired or being repaired is 43%, and The average time a machine is out of service is 21.43 hours.

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find one investing concept that you BOTH put into category 3 and do some quick online research to find a

resource that explains the topic better. Both of you should be looking for resources, and then, based on what

you find, write a brief explanation of your new understanding here:

Answers

Fixed interest is a investing concept that usually is very reliable and is not to difficult to orchestrate. Fixed interest is considered by many to be an intellectual persons investing concept.

I hope this answers your question have an excellent day!

Dwight Donovan, the president of Fanning Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of four years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $108,000 and for Project B are $48,000. The annual expected cash inflows are $51,270 for Project A and $20,675 for Project B. Both investments are expected to provide cash flow benefits for the next three years. Fanning Enterprises’ desired rate of return is 6 percent. (PV of $1 and PVA of $1) Use appropriate factor(s) from the tables provided.)

A. Compute the net present value of each project. Which project should be adopted based on the net present value approach?

B. Compute the approx. internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?

Answers

The net present value of Project A is $29,045.32, and net present value of project B is $22,264.52. The project that should be adopted based on the net present value is project A.

What is net present value?

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

a. The net present value of Project A:

= Present value of cash inflows - Initial expenditure

= (51,270 x present value interest factor, 6%, 3 years) - 108,000

= 51,270 x 2.673012 - 108,000

= $29,045.32

The net present value of Project B:

= 20,675 × 2.673012 - 33,000

= $22,264.52

b. Calculation of Internal Rate of Return:-

The IRR has been calculated using the financial calculator.

The IRR of Project A is 16% and that of Project B is 14%.

IRR of project A is more than Project B,  which means Project A's return is more than project B. As per IRR Approach Project A is better than Project B.

Therefore, as per IRR and net present value approach Project A should be selected.

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Companies often require non-disclosure agreements from their employees because a non-disclosure agreement

allows the employer to release private information about employees if necessary
identifies all the different ways an employee could violate company policies
maintains employee trust, which is needed for productivity and therefore profitability
provides for a documented exchange of information between employees and employers

Answers

Answer:

Allows the employer to release private information about employees if necessary

Explanation:

Companies often require non-disclosure agreements from their employees because a non-disclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship between two or more parties. The purpose of a non-disclosure agreement is twofold: confidentiality and protection. An NDA creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties. Breaking an NDA agreement triggers a host of legal ramifications, including lawsuits, financial penalties, and even criminal charges. NDAs offer a level of protection to businesses so that even accidental breaches are covered.

Answer:

its a cuh i took the test

Explanation:

1. What is purchasing power parity hypothesis? Is PPP realistic or not? Why?

Answers

One of the most extensively researched topics in international finance and general economics is the purchasing power parity (PPP) hypothesis, which assumes a connection between exchange rates and prices.

Countries with robust government economic control occasionally impose official exchange rates that artificially strengthen their own currency. The currency's black market exchange rate is, in contrast, unnaturally low. A PPP exchange rate is perhaps the most accurate foundation for economic comparison in such circumstances.

Benefits of PPP: The key one is that PPP exchange rates have historically been quite stable. Market rates, on the other hand, are more erratic, and utilizing them could lead to rather significant fluctuations in overall growth measurements—even when growth rates in particular countries are consistent.

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A flexible expense and a periodic expense are basically the same thing.

Answers

Answer:

A flexible expense is a type of business expense that can vary in amount from one period to the next.on the other hand Periodic expenses, on the other hand, are expenses that occur on a regular basis

Explanation:

A flexible expense is a type of business expense that can vary in amount from one period to the next. These expenses are typically not fixed and can be adjusted based on the needs of the business.

Periodic expenses, on the other hand, are expenses that occur on a regular basis, but not necessarily at the same intervals. These expenses may be fixed or variable in amount, and they may be related to the operation of the business or to the personal needs of the owner.

While both flexible expenses and periodic expenses can vary in amount, they are not necessarily the same thing. Flexible expenses are typically discretionary expenses that can be adjusted based on the needs of the business, while periodic expenses are more predictable and may be necessary for the operation of the business.

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Which of the following is correct?

Negotiate it right, sell it right and deliver it right
Negotiate it right, price it right and deliver it right
Plan it right, sell it right and deliver it right
Plan it right, price it right and deliver it right

Answers

I think the correct answer would be Negotiate it right, sell it right and deliver it right.

No matter how much you plan it out, there might be issues that you face at the top of the supply chain. In such a case, you need to negotiate the price or other aspects of the product or service you are selling.

Emphasis also needs to be put on the way the product is sold or marketed. The marketing and advertising departments come into play here. They need to clearly define your client base target audience and the way in which you want to market your brand.

At the end, and most importantly lies the proper delivery of the service or product. It defines the future prospects for your brand.

The answer is negotiate it right, sell it right and deliver it right

Who collects income tax that is payable to the federal government?
Income tax that is payable to the federal government is collected by the
.

Answers

The income tax that is payable to the federal government is collected by the  Internal Revenue Service.

What is Tax?

When the government of a nation collects money from its residents as a tax, it is used to fund various aspects of the nation's growth, such as the construction of hospitals, roads, temples  and transit systems,

Taxes on individual income, payroll, and corporate income are the three main ways that the federal government receives its revenue. Individuals' wages and salaries as well as investment and other income are subject to income taxes.

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A project has the following cash flows: Year Cash Flows 0 -1,200 1 600 2 600 3 600 4 300 5 200 6 200 What is the Internal Rate of Return (IRR) of this project?

Answers

The internal rate of return of the project given its cash flows is 34.26%.

What is the internal rate of return?

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator

The internal rate of return can be determined using a financial calculator.

Cash flow in year 0 = -1200

Cash flow in year 1 - 3 = 600

Cash flow in year 4 = 300

Cash flow in year 5 - 6= 200

Internal rate of return = 34.26%

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Your reading material illustrates a typical example of what happens if you pay just the minimum monthly payment every month on a credit card balance, In this example, approximately how long will it take to pay off the original dept completely?

Answers

Answer: Most credit cards only require you to make a minimum payment each month, which is typically a fixed amount, often $20 to $25, or a percentage of your balance, usually 1 to 3 percent. Paying the minimum is tempting, especially if your budget is tight. But the less you pay now, the more you’ll pay later.

Carrying a credit card balance not only means you’ll be in debt longer, but it also means you can rack up massive amounts of interest, thanks to exorbitant, oftentimes double-digit interest rates.

Explanation:

To give you an idea of just how costly it can be to pay only the minimum on your credit card, personal finance site NerdWallet crunched the numbers and determined the interest costs of paying off debt. It assumed credit card debt of $6,081, which is what the average household with revolving credit card debt owes, and an interest rate of 14.99 percent.

Other Questions
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