Answer:
Explanation: step by step
Mark is looking for professional financial assistance. Mark has never invested before and is not quite sure where to start. He knows that he wants to build up investments for future projects such as retirement, but he is not sure how to navigate investment in light of his existing debts. Recommend an appropriate financial professional for Mark. A. Full-service broker b. Discount broker c. Accountant d. Financial planner Please select the best answer from the choices provided A B C D.
The recommended appropriate financial professional for Mark. A is: d. Financial planner.
Financial planner is a financial professional or financial adviser who is in the right position to give financial advice or to provide financial guidance to you.
A financial planner can help you plan your finances so as to avoid running into debt which will in turn will enables your to achieve your financial aims and goals.
It is the duty of a financial planner to give you some insight on how you can grow your wealth and how to manage your wealth.
Based on the given scenario Mark should consult a financial planner who will help him plan his finances as well as how to build his investment for future project.
Inconclusion the recommended appropriate financial professional for Mark. A is: d. Financial planner.
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Answer:
It's D
Explanation:
Managers do not need to motivate employees to want to do their jobs efficiently and effectively.
O True
O False
The Johnsons are buying a house that costs $210,000 and can afford a 20% down payment. If the Johnsons want the lowest monthly payment, which loan option would you recommend? a. 30 year FHA, 3. 5% down at a fixed rate of 6. 25% b. 30 year fixed, 20% down at a fixed rate of 6% c. 30 year fixed, 10% down at a fixed rate of 6% d. 15 year fixed, 20% down at a fixed rate 5. 5%.
If the Johnsons want the lowest monthly payment, the recommended loan option is Option b.
Data and Calculations:Cost of house = $210,000
Down payment = 20% or $42,000 ($210,000 x 20%)
Loan = $168,000 ($210,000 - $42,000)
Monthly Payments:Option a. 30 year FHA, 3. 5% down at a fixed rate of 6. 25%:
Cost of house = $210,000
Down payment = 3.5% or $7,350 ($210,000 x 3.5%)
Loan = $202,650 ($210,000 - $7,350)
Result:
Monthly Payment = $1,247.75
Sum of all periodic payments = $449,190.33
Total Interest = $246,540.33
Option b. 30 year fixed, 20% down at a fixed rate of 6%
Cost of house = $210,000
Down payment = 20% or $42,000 ($210,000 x 20%)
Loan = $168,000 ($210,000 - $42,000)
Result:
Monthly Payment = $1,007.24
Sum of all periodic payments = $362,608.16
Total Interest = $194,608.16
Option c. 30 year fixed, 10% down at a fixed rate of 6%
Cost of house = $210,000
Down payment = 10% or $21,000 ($210,000 x 10%)
Loan = $189,000 ($210,000 - $21,000)
Result:
Monthly Payment = $1,133.15
Sum of all periodic payments = $407,934.18
Total Interest $= 218,934.18
Option d. 15 year fixed, 20% down at a fixed rate 5. 5%
Cost of house = $210,000
Down payment = 20% or $42,000 ($210,000 x 20%)
Loan = $168,000 ($210,000 - $42,000)
Result:
Monthly Payment = $1,372.70
Sum of all periodic payments = $247,086.04
Total Interest = $79,086.04
Thus, if the Johnsons want the lowest monthly payment, the recommended loan option is Option b with a monthly payment of $1,007.24.
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Johnson's should opt for a loan with interest rate of 6.25% ; period of 30 years and a down payment of 20% of the loan amount. So, the correct option that matches the query is B.
The calculation of the interest can be done by using the simple interest. Under Simple interest method, the loan is calculated only on the principal amount and not on the interest.
Housing Loans The calculation when the down payment of 20% is made upfront the calculation will be shown as $42000. So, the interest will be charged only on the remaining balance of $168,000. The calculation can be shown as below,[tex]\rm Amount= \dfrac{Principal\ x\ Rate\ of\ Interesr\ x\ Time}{100}\\ \\\\ \rm Amount= \dfrac{168000\ \rm x\ 6\ \rm x\ 360}{100}\\ \\ [/tex]The interest to be paid each year will be calculated as under for a total number of 30 years.[tex]\rm Interest\ per\ Year= \dfrac{36288}{30}[/tex]So total interest to be paid each year will be $1209.6 which is lower than all the other options available in the hands of Johnson's.Hence, the correct option is B that it would be beneficial for Johnson's to opt for 20% down payment at an interest rate of 6% and for a period of 30 years.
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Austin is starting his first job at the local bowling alley. What can Austin do to make a good first impression on his first day of work?
Arrive to work late.
Be kind to customers.
Criticize his co-workers.
Invite his friends to visit him at work.
Answer:
Be kind to customers
Explanation:
Be kind to customers because when a customer is well treated the customer will intend to come often
I need some help will mark brainliest.
What does it mean when the feds lower interest rates?
Interest rates are lowered by the Fed in order to boost economic development. Reduced finance costs might entice people to borrow and invest. When interest rates are excessively low, however, they might stimulate excessive growth and perhaps inflation. On the other hand, if growth becomes excessive, the Fed will boost interest rates.
The penalty for nonqualified distributions from a health savings account (HSA) is __________.
If you take a non-qualified distribution, you are subject to ordinary income tax on the distribution and a 20% penalty tax. The penalty may not apply: if you are age 65 or older, if you are disabled or.
A savings account is a good choice for:
A. a high return on your investment.
B. retirement planning.
C. when you need easy access to your funds. .
о
D. basic savings and as an emergency fund.
Answer:
B. Basic savings and as an emergency fund
Explanation:
Which leadership style is most useful when time is abundant, quality output is essential, and enthusiasm and motivation from the employees needs to be generated
Answer:
Authoritarian
Explanation:
Motivates workers and makes them stay on top of things
quadratic interest rate volatility and inflation hedge
According to the United States Security Exchange, Quadratic interest rate volatility and inflation hedge strive to waver the risk of increasing long-term interest rates, rising inflation and inflation expectations, and an upswing in interest rate volatility while delivering inflation-protected income.
The Quadratic interest rate volatility and inflation hedge have various fees and expenses when holding shares of the Fund.
The fees and expenses include:Shareholder feesManagement feesDistribution and Service feeAcquired Fund Fees and expenses.Hence, in this case, it is concluded that Quadratic interest rate volatility and inflation hedge are made to protect the shareholders from all kinds of inflation and interest.
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plz help if ur good at taxes
Answer:
pay: 73,300
income tax: 73,300*0.37 = 27,121
EI: 73,300*0.0173=1,268.09
CPP: 2,590
Yearly Pay will be 73,300-27,121-1,268.09-2,590 = $42,320.91
Weekly pay (paycheck) = 42320.91/52 = $ 813.86
Explanation:
how many black millionaires are there in the united states?
Answer:
1.5 million black American millionaires.
Explanation:
It takes six weeks for a tire order to be delivered to the Auto & Tire Center in the Walmart Supercenter in Wisconsin. Tires are ordered every five weeks. Currently, there are 90 tires on hand and another 340 on order. Sales are expected to use 120 tires per week and the department maintains a reserve of 40 tires. It's time to reorder tires.
How many tires is the department open to receive?
If the tires that are ordered cost the company $43 per tire, and the retail price of the tires is determined by marking up the cost by 57%, what is the total retail value of the tires being ordered?
The department should be open to receive 760 tires with a total retail value of $51,307.60.
Data and Calculations:
Beginning inventory = 90
New order of tires = 340
Total units available = 430 (90 + 340)
Sales of tires per week = 120
Expected ending inventory = 40
Therefore, the number of tires the department should be open to receive is 760 (40 + (120 x 6).
Cost per tire = $43
Markup = 57%
Retail price per tire = $67.51 ($43 x 1.57)
Thus, the total retail value of the 760 tires being ordered is $51,307.60.
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According to the demand-pull theory, inflation is caused by:
Answer:
Understanding Demand-Pull Inflation
Demand-pull inflation is a tenet of Keynesian economics that describes the effects of an imbalance in aggregate supply and demand. When the aggregate demand in an economy strongly outweighs the aggregate supply, prices go up. This is the most common cause of inflation.
Explanation:
hope it helps you
what are the three most common reasons firms fail financially?
The common ways through which firms fail financially includes under-capitalization, poor control over cash flow and inadequate expense control.
Majority of firms who failed financially are those firm with outdated financial plan or lack of current trend in the industry.
Why firms fail financially includes:
Under-capitalization which is when the firm does not have sufficient capital to conduct normal business operations and pay the creditors.Poor control over cash flow is when the firm does not have firm control over the cash going in and out of the organization.inadequate expense control is when the firm does not effectively control the amount of expenses incurred for operation.
In conclusion, the common ways through which firms fail financially includes under-capitalization, poor control over cash flow and inadequate expense control.
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how to calculate how much taxes come out of paycheck
Kelsey is researching the eating habits of elephants. She types “elephants” into her search engine and it returns a lot of results she doesn't need. What is the best way Kelsey can get more specific results?
Change her research topic.
Read through the results.
Use a different search engine.
Use specific keywords.
Answer:
Use specific keywords.
Explanation:
Changing the research topic wouldn't do anything but give her more questions she didn't need. Reading through the results would be a waste of time since it says all of the results are stuff that didn't help her. Using a different search engine has no matter in the situation.
ALL of the following are advantages of labour intensive production EXCEPT:
Skilled workers take time to train
Workers are often more motivated
Less expensive machine cost
Humans can use their initiative to solve problems
Answer:
skilled workers take time to train
Explanation:
this means that a lot of time is spent on training which te would have been invested in production
Please solve this question asap…as i have less time
Answer:
1 Cash to Capital
2 Bank to Cash
4 Purchase to Cash
5 Purchase to Cash
8 A/c receivable to Sales
10 A/c Payable to Cash
15 Cash dr(11700) Sales Discount dr (300) A/c receivable Cr(12000)
16 Wages Payable to Cash
18 Furniture to Cash
20 Drawing to Bank
22 Rent Payable to Bank
23 Drawing to Goods
24 Drawing to Bank
26 Cash to Commission received
27 Bank Charges Payable to Bank
28 Insurance Payable to Bank
29 Salary Expense/ Salary Payable (I forgot) to Cash
30 Cash to Sales
A customer buys 17. 01 in gas and requests one five dollar [$5] lottery ticket, two one dollar [$1] lottery tickets, and one [$3] lottery ticket. He gives you two winning tickets to be redeemed: one for ($5) and the other for ($2). How much change would he receive from a $100 bill?.
The customer will receive $79.99 as change in exchange for a $100 note the person gave to the shop owner. The amount is derived as a result of a series of transactions carried out by the customer.
The customer did multiple transactions during the course of the visit to the shop. The customer's transactions also involve buying stuff as well as redeeming the coupon codes won by the customer.
Currency Exchange The customer is given to have purchased gas amounting to $17.01, after which the customer has bought lottery tickets of different denominations. The customer purchased tickets worth $10. After the purchase of lottery tickets, the customer displayed and produced the previous lottery tickets for redemptions, as he had won the lotteries on both the tickets worth $7.The change received by the customer can be calculated with the help of using the following formula, where the customer gave $100 note to the shopkeeper. [tex]\rm Change\ Received= Money\ Given- (Purchase\ of\ Gas+ Purchase\ of\ Lottery\ Tickets- Redemption\ of\ Lottery\ Tickets)[/tex]Now putting the values in the formula, we get,[tex]\rm Change\ Received= 100- (17.01+5+1+1+3-2-5)\\\\\\\\\rm Change\ Received= \$100- \$20.1\\\\\\\\\rm Change\ Received= \$79.99[/tex]So we have concluded that the customer will receive $79.99 as change. Hence, the correct amount of change received by the customer for the period is $79.99.
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A multidomestic company identifies a risk that regulations in some national markets will likely change over time. Such changes could impact product design and distribution in each market and have varying impacts on the company's financial success. What technique would best address the possible impacts of this risk when formulating strategic plans?
The technique that would best address the possible impacts of this risk when formulating strategic plans is: Scenario planning.
Scenario planning refers to the methods that are used in ascertaining future conditions to determine how an organization will respond to future changes.
In the case of the multi-domestic company above, an assessment is made of the future changes that might result due to the changes in regulations over a period of time.
Thus, they engage in scenario planning.
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Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
the narrowest official definition of the money supply is
Due to mismanagement, Pakistan Steel Mills is currently over levered with a debt to capital ratio of 80% and a pre-tax cost of debt of 8%. Management of Pakistan Steel Mills is considering a restructuring that will reduce the company's debt to capital ratio to 40% and its pre-tax cost of debt to 6%.
Current:
Debt/(Debt+Equity) = 80%
Cost of Debt (pre-tax) = 8%
Cost of Equity = 24.10%
Recapitalised:
Debt/(Debt+Equity) = 40%
Cost of Debt (pre-tax) = 6%
Cost of Equity = ?
If the marginal tax rate is 25%, the risk-free rate is 2.5%, and the equity risk premium is 6%, estimate the cost of capital after the restructuring.
The estimated cost of capital after the restructuring is 10.82%.
Using the MM Proposition II with taxes, we need to first calculate the Cost of unlevered equity;
Cost of unlevered equity = (Cost of levered equity+cost of debt*D/E*(1-tax rate))/(1+D/E*(1-tax rate))
Cost of unlevered equity = (24.10% + 8%*80%/20%*(1-25%)) / (1+80%/20%*(1-25%))
Cost of unlevered equity = 12.03
Cost of levered equity = Cost of unlevered equity + (Cost of unlevered equity-Cost of debt)*D/E*(1-tax rate)
Cost of levered equity = 12.03% + (12.0250%-6%)*40%/60%*(1-25%)
Cost of levered equity = 15.04%
Cost of capital (WACC) =40%*6%*(1-25%)+60%*15.0375%
Cost of capital (WACC) = 0.018 + 0.090225
Cost of capital (WACC) = 0.108225
Cost of capital (WACC) = 10.82%
In conclusion, the estimated cost of capital after the restructuring is 10.82%.
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Which alignment aligns text in relationship to the top and bottom margins?
Horizontal alignment
Left alignment
Right alignment
Vertical alignment
Answer:
Vertical Alignment.
Explanation:
It refers to the text alignment with respect to top and bottom margins.
Revenues and expenses arising from activities that are not part of the company's operations are classified as ______ revenues and expenses.
Answer:
Nonoperating
Explanation:
The activities through which revenue and expenses occur which do not take part in the operations of business is consider as nonoperating.
how to calculate return on common stockholders equity
what is consumer's Equilibrium?
Answer:
[tex] \huge{ \red{A} \green{N} \blue{S} \orange{W} \pink{E} \red{R} \blue{:-}}[/tex]
When consumers make choices about the quantity of goods and services to consume, it is presumed that their objective is to maximize total utility. In maximizing total utility, the consumer faces a number of constraints, the most important of which are the consumer's income and the prices of the goods and services that the consumer wishes to consume. The consumer's effort to maximize total utility, subject to these constraints, is referred to as the consumer's problem. The solution to the consumer's problem, which entails decisions about how much the consumer will consume of a number of goods and services, is referred to as consumer equilibrium.
A government securities dealer quotes a 3 month Treasury Bill at 6.00 Bid - 5.90 Ask. A customer who wishes to sell 1 Treasury Bill will receive:
The customer who wishes to sell one (1) Treasury Bill will receive $5.90 if a government securities dealer quotes a 3 month Treasury Bill at 6.00 Bid - 5.90 Ask.
The "bid" price is the rate at which the buyer will purchase the security, while the "ask" (offer) price is the rate at which the seller will be willing to sell.
Thus, in this situation, the selling customer will receive $5.90 per Treasury Bill while the dealer will sell it for $6.00, making profit of $0.10 ($6.00 - $5.90).
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Use this example from a fixed-rate mortgage calculator to help you answer the questions. Keep the page open after you complete this question. According to the calculator, the monthly payment Demarco and Tanya should anticipate paying for principal and interest is $208. $877. $669. $1,200.
Answer:
C, $669
Explanation:
Edge 2022
The closest answer is $877, which may be the monthly payment for a different loan amount or interest rate.
What is interest rate?The interest rate is the amount charged by the lender to the borrower in addition to the principal amount.
In terms of the receiver, a person who deposits money in any bank or financial institution earns extra money due to the time value of money, which is referred to as interest received by the depositor.
Using the provided information, we can calculate the monthly payment for the fixed-rate mortgage using a mortgage calculator.
Plugging in the numbers into a mortgage calculator, assuming monthly payments, we get:
Principal: $170,000
Term: 30 years
Interest rate: 4.25%
Thus, the calculated monthly payment for principal and interest is $834.82.
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