Paul obtains a $300,000 mortgage loan a 5/1 interest-only ARM with a 10 year balloon at a 3% start rate, a 2% margin, and 2/6 caps. The initial monthly payment for the loan is $750. On the anniversary date of the loan, the index being used adjusts as follows: Year 1: 2.50% (initial year); Year 2: 2.75%; Year 3: 3.25%; Year 4: 3.50%; Year 5: 3.75%; Year 6: 3.00%; Year 7: 2.80%; and Year 8: 5.00%. What will be Paul's monthly payment in year 4
Paul's monthly payment in year 4 is $1,050.
Data and Calculations:
Mortgage loan = $300,000
Mortgage term = 10 years
5/1 interest-only ARM rate = 3%
Interest margin = 2%
Interest caps = 2/6
Initial monthly payment = $750
The index adjustment is as follows:
Year 1 2.50% (initial year)
Year 2 2.75%
Year 3 3.25%
Year 4 3.50%
Year 5 3.75%
Year 6 3.00%
Year 7 2.80%
Year 8 5.00%
Thus, Paul's monthly payment in year 4 is $1,050 ($750/2.50% x 3.50%).
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On September 1, Sky Mountain Company borrowed $200,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjusting entries have been recorded, Sky Mountain's adjusting entry four months later at December 31 would include a:
Answer:
i dont get the question
Explanation:
A limited partnership is an agreement between at least _____ general partner(s) and ______ limited partner(s).
It should be noted that a limited partnership is an agreement between at least one general partner and one limited partner.
A limited partnership can be regarded as a type of partnership that involves two or more partners entering into a business, even though there liability is amount of their investment.
However, there would be an agreement between them as regards the profits from the business.
We can conclude that limited partnership serves as an agreement that exist among at least one general partner as well as one limited partner.
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oriental Rug Company ships six handmade rugs valued at $5,000 each on consignment to Consign Design. oriental Rug Company pays $1,000 of shipping costs and agrees to accept the return of any rugs within six months of the shipping date. oriental Rug Company also agrees to pay Consign Design a commission of 10 percent for any rug sold. At the end of five months, Consign Design has sold four of the rugs for a total price of $38,000.
The total inventory and revenue value reported by Consign Design at the end of the five months is: _________
The total inventory and revenue value reported by Consign Design at the end of the five months is: 0, 3,800
What is Consignor or consigned relationship?In a Consignor/consigned relationship, the consignor maintains the inventory on the books. The consigned does not record the full revenue amount, but rather a commission based on the agreement with the consignor. In this case, even though two rugs have not sold, the two rugs that remain unsold are reported on the books of Oriental Rug Company (the consignor). The revenue recorded on Consign Design's books from the sale of the four rugs is based on the agreed-upon commission of 10 percent; therefore, $3,800 is the revenue recorded. The $34,200 (90 percent of the total sales) is payable to Oriental Rug Company and will be recorded as revenue on its books.To learn more about consigned relationship, refer to:
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Which of the following statement is false?
A. A distributed ledger contains many copies of the same ledger.
B. A distributed ledger stores the same set of transaction records.
C. Because a distributed ledger exists in a blockchain network, a computer consisting of all transaction records may crash and cause the syncing issue in the blockchain network.
D. A transaction record cannot be added to the blockchain unless there is network consensus.
he fastest-growing sales trend is ________ that involves the use of online, mobile, and social media to engage customers, build stronger customer relationships, and augment sales performance. Personal selling Social selling Online selling Teleselling
Based on business strategy, the fastest-growing sales trend is Social Selling that involves the use of online, mobile, and social media to engage customers, build stronger customer relationships, and augment sales performance.
What is Social Selling?Social selling is method business firms use to establish one-on-one relationships with their customers as one of the strategies to enhance their sales rates.
Examples of social selling techniquesSharing appropriate contentCommunicating directly with potential consumersPersonal brandingSocial listening, etc.Hence, in this case, it is concluded that the correct answer is "Social Selling."
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What is the price at which equilibrium is achieved? $8 $9 $10 $30.
The equilibrium of the demand and supply can be achieved at a price of $9.
What is the equilibrium position?The equilibrium is the position in the market where the demand curve and the supply curve intersects with each other at a particular point of price. At the point of equilibrium the quantity supplied and the quantity demanded are the same.
As per the graph, the demand curve shows the quantity demanded in the market at various prices in dollars while the supply curve shows the prices at which each quantity is supplied in the market.
Therefore, after examining the graph the point of intersection is at the point having the Dollar price of 9.
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typical capital budgeting decisions include ______ decisions.
Typical capital budgeting decisions include equipment selection, cost reduction, and lease or buy decisions.
What is budgeting?The process of making a spending plan is known as budgeting. Budget refers to this plan for spending money. Making this stimulus package enables you to estimate your financial situation in advance and decide whether we had enough resources to accomplish your goals. Simply adjusting your income and expenditures constitutes budgeting.
The procedure is examining the cash flows into and out of a project to ascertain whether the anticipated return reaches a predetermined standard. Net present value, payoff, and transit assessments are three of the main budgeting techniques. The economic viability of a capital spending can be ascertained using a number of budgetary control analysis techniques.
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during the holidays you pick up some toys at target. when the cashier asks you, "do you need any batteries for these?" she is using a technique called:
The technique used by the cashier is suggestive selling.
Suggestive selling is a selling method used when an employee suggests or recommends an additional good that would suit an item purchased by a customer. suggestive selling is also known as add-on selling.
The aim of suggestive selling is to increases the sales of a company.
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a $5,000 tv ad will cause 250 people to attend a show, while a $4,000 newspaper ad will cause 280 people to attend. bob wants to use the most effective method to get 500 people to attend a show. which advertising method should he use?
i will advice Bob to use the most effective method which is Newspaper advertisement for his show.
The data collected includes:
$5,000 tv ad will make 250 people to attend the show.$4,000 newspaper ad will make 280 people to attend the show.From the data, we will observe that the newspaper advert is more economical and cost saving because Bob will be able to spend less and get more people to his show in comparison to Tv ads.
In conclusion, i will advice Bob to use the most effective method which is Newspaper advertisement for his show
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Working capital can be defined as
A. Current assets less current liabilities
B.Capital introduced by the proprietor
C.The capital put to use by the business
D.Capital created by work done
Answer:
A. current assets less current liabilities
I think this is answer
Explanation:
hope it help you
Liam has purchased a fee-for-service health insurance plan from Leroux Health Insurance. Plan A includes a $248. 00 monthly premium and an annual deductible of $5,500. 00 (not including co-pays). Liam is a fairly healthy young man. He visits his primary care physician three times a year on scheduled visits. He sees a chiropractic specialist every week to help with lower back pain. He has no current prescriptions that need refilling regularly. Assuming Liam maintains his regular visits with his primary care physician and his chiropractor, and avoids any trips to the emergency room or urgent care, how much will Liam pay in health care related fees this year?.
The amount that'll be paid by Liam in healthcare-related fees this year will be $6216.
Based on the information given, the monthly payment will be:
= $248 × 12
= $2976
She went to the specialist 52 times at 60 dollars. This will be:
= 52 × 60 = $3120
3 visits to the physician at $40 will be:
= $40 × 3 = $120.
Liam's total expenses will be:
= $2976 + $3120 + $120
= $6216
In conclusion, the correct option is $6216.
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why is 10 cents earned far more valuable than a dollar found. Critical thinking.
Kevin works for a company which produces printers. A printer sells for $163. 95 and costs $48. 28 to produce. In one month, Kevin’s company sold 427 printers, earning a profit of 22,599. 9. How great were the company’s non-production overhead expenses, to the nearest dollar? a. $13,410 b. $20,616 c. $24,809 d. $26,792.
The company's non-production overhead expenses is $26,792.
The first step is to determine the net profit from selling the printers.
Profit = (selling price - cost price) x number of printers sold
(163.95 - $48.28) x 427
= 115.67 x 427
= $49,391.09
The second cost is to determine the difference between the profit calculated above and the profit given in the question:
$49,391.09 - 22,599. 9 = $26,792
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The table below lists the insurance options offered by AA Auto Insurance. Calculate the monthly payment for an insurance plan including the following options: Bodily Injury: $50/100,000 Property Damage: $100,000 Collision: $500 deductible Comprehensive: $100 deductible AA Auto Insurance Type of Insurance Coverage Coverage Limits Annual Premiums Bodily Injury $25/$50,000 $22. 50 $50/100,000 $31. 75 $100/300,000 $40. 25 Property Damage $25,000 $120. 50 $50,000 $144. 75 $100,000 $193. 00 Collision $100 deductible $520. 00 $250 deductible $415. 25 $500 deductible $275. 75 Comprehensive $50 deductible $110. 25 $100 deductible $100. 00 a. $50. 04 b. $50. 90 c. $54. 31 d. $68. 73 Please select the best answer from the choices provided A B C D.
The selection of the best answer from the choices provided for an insurance premium offered by the AA Auto Insurance is a. $50. 04.
Insurance coverage is a service offered by an insurer (insurance company) to the insured. If the assured suffers some financial losses., the insurer reinstates the assured to their financial position before the event. For rendering the service, the insurance company collects from the insured some amount, monthly, quarterly, or annual charges called a premium.
Thus, based on the options given, the best insurance premium is a. $50.04.
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Match the treatment of unrealized gains and losses on debt investments existing at the time of transfer between investment categories with the correct transfer scenario.
a. AFS or HTM to Trading AFS or HTM to Trading drop zone empty.
b. Trading to AFS or HTM Trading to AFS or HTM drop zone empty.
c. HTM to AFS HTM to AFS drop zone empty.
d. AFS to HTM AFS to HTM drop zone empty.
d. None are recognized because they already have been recognized in income.
You see an ad for a payday lender which ends with the tagline, “One payday loan is all it takes to get you back on track.” Does the data above support their advertising claim?
You see an ad for a payday lender which ends with the tagline, “One payday loan is all it takes to get you back on track.” Does the data above support their advertising claim? No, it does not support their advertising claim.
Alicia Tax Services paid $690 to settle an account payable. Which of the following general journal entries will Alicia Tax Services make to record this transaction? Multiple Choice Debit Office supplies expense, $690; credit Cash, $690. Debit Cash, $690; credit Office supplies, $690. Debit Office supplies, $690; credit Cash, $690. Debit Office supplies, $690; credit Accounts payable, $690. Debit Accounts payable, $690; credit Cash, $690
The general journal entries that Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.
Based on the information given since Alicia Tax Services paid the amount of $690 to settle an account payable which means that the appropriate journal entry to record the transaction will be:
Debit Accounts payable $690
Credit Cash $690
(To record account payable)
Inconclusion the general journal entries that Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.
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the effect of an increase in the price level on the aggregate-demand curve is represented by a
Answer:
movement to the left along a given aggregate-demand curve.
Explanation:
the difference between a budget and a standard is that:
Answer:
A budget is a total amount, while a standard expresses only a unit amount.
Explanation:
At the parade yesterday, Kimi sold 24 pink lemonades and 16 iced teas from her food cart. She charged $1.75 more for pink lemonade than for iced tea, and her total sales were $90.
Select the system of equations that represents this situation. Let p represent the price of pink lemonade, and let t represent the price of iced tea..
Answer:
hi
Explanation:
hi
Kimi sold 24 pink lemonades and 16 iced teas from her food cart. She charged $1.75 more for pink lemonade than for iced tea, and her total sales were $90.The system of equations that represents this situation will be 90=24(t+1.75t)+16(t), where t= price of iced tea.
What is food?A food is a substance that basically consists the essentials which are needed for survival of a living being like protein, carbohydrate, fat, and other nutrients.
The food or the nutrients is used by the body of an organism to sustain growth and for doing vital processes and to give energy to work. The absorption and utilization of food by the body is important for nutrition and is facilitated by digestion.
The autotrophs or green plants, which convert solar energy to food by the process of photosynthesis, are the main primary source of food for most of the living beings in the earth.
The food is ingested by an organism and assimilated by the organism's cells to provide energy, maintain life, or stimulate growth.
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why would the federal reserve enact an easy money policy
Answer:
Easy money is a representation of how the Fed can stimulate the economy using monetary policy. The Fed looks to create easy money when it wants to lower unemployment and boost economic growth, but a major side effect of doing so is inflation.
Explanation:
Question 3
1 pts
Heather receives a phone call, in which an automated voice states that her credit card has been
used fraudulently and that she must enter her 16-digit credit card number, using the keypad of
her phone, to clear up the error. What should Heather do next?
O Hang up and wait for the end of her credit card billing cycle to see if there really was a fraudulent charge.
Enter the 16-digit card number, but don't enter her PIN or the 3-digit code from the back of the card.
Hang up and call her credit card company using the 1-800 number on the back of her card to inquire
about the issue or report the attempted phone fraud.
O Push O or say "operator" to speak with a representative from the credit card company instead.
0
in
The next step which Heather should take after she has gotten a fraudulent call asking for her credit card details is to hang up and call her credit card company using the 1-800 number on the back of her card to inquire about the issue or report the attempted phone fraud.
As a result of this, we can see that Heather was a target of an attempted phone fraud where a caller asks her to give her 16-digit credit card details so that the supposed error could be cleared up.
It is worth noting that this information can be used to steal money from her checking account and Heather would best not give out such sensitive details over the phone, but call the company to see if the call is really from them.
Therefore, the correct answer is option C
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Borrower Noah is getting a $200,000, fixed-rate, 30-year loan at 5% interest to purchase a condominium. The monthly payment of principal and interest is $1,073. Property taxes for this property are $3,900 per year. An annual homeowner's insurance policy is $864. The monthly condo association fee is $180. What is Noah's monthly PITI payment
Noah's monthly PITI payment is $1,470.
What is the PITI payment?The PITI payment represents the periodic payment (monthly) that a borrower is required to make for principal repayment, interest payment, taxes, and insurance payments.
The PITI should not exceed 28% of a borrower's gross monthly income when the front-end and back-end ratios are computed for determining the borrower's eligbility for a loan.
Fixed-rate loan = $200,000
Loan period = 30 years
Interest rate = 5%
Monthly payment of principal and interest = $1,073
Property taxes per year = $3,900
Monthly property taxes = $325 ($3,900 ÷ 12)
Annual homeowner's insurance premium = $864
Monthly homeowner's insurance premium = $72 ($864 ÷ 12)
Monthly PITI (principal, interest, taxes, and insurance) = $1,470 ($1,073 + $325 + $72)
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1. Which of the following is INCORRECT?
Assets
Liabilities
Capital
$
$
$
i
ü.
18,270
9,340
15,160
12,230
5,290
3,120
6,380
1,390
12,980
6,220
7,780
10,840
111.
iv.
Answer:
HINDI KO PO GETPASYENSYA NA POKUNG SAAN UMAASA KAYO SASAGOT KO.
One disadvantage of using a company’s tuition reimbursement program is that _______.
a.
You may have to extend your contract with the company
b.
Your ongoing education costs will rise considerably
c.
It may decrease your job satisfaction if you become more skilled
d.
Ongoing education has been proven to decrease worker motivation
One disadvantage of using a company’s tuition reimbursement program is that you may have to extend your contract with the company.
Tuition reimbursement is offered by employers as a way to pay back employees for education expenses. The people who participated still have to pay out of pocket for the courses they take. At the end of the course, the employee can get back some or all of the tuition expenses.
Answer:
is A. You may have to extend your contract with the company
Explanation: I took the test and is right
One method used by some analysts to estimate the future value of a stock is the dividend growth model. This model would probably be most useful in the case of A) a small-cap stock B) a AAA corporate bond C) a preferred stock D) a large-cap stock
Answer:
I am sure that it is D. a large cap stock
Explanation:
Large cap stocks already have a positive growth sentiment and
based on how much dividends are paid out they can estimate the future
value of a stock.
Typically, certain employees of an organization get texts that update them on various IT activities. If there is a support ticket or downtime, they will receive texts to let them know about the activity. They have started to receive some messages via text instructing them to call the IT help desk at the provided number. When they call the help desk number, a recording asks them for their employee ID. Assuming that the IT department did not send those texts, which of the following social engineering attacks is this?
a. Smishing
b. Whaling
c. Spimming
d. Vishing
The text represents an example of the vishing social engineering attack.
Vishing is a term to refer to the fraudulent practice that consists of the use of the conventional telephone line and social engineering to deceive people and obtain sensitive information such as financial information or information useful for identity theft.
According to the above, it can be inferred that the described situation is an example of vishing because employees are forced to call a line where they ask for private information that could put them at risk of security.
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a company that offers services for accessing and using the internet is
Answer:
An Internet service provider (ISP) is an organization that provides a myriad of services for accessing, using, or participating in the Internet.
the ceo of what company stepped down this week, after having co-founded the business and led it from 2006-2008 and from 2015-2021?
The CEO of Twittter stepped down after having co founded the business and led it from 2015 to 2021.
The CEO of twittter is Jack Dorsey. He is an American. After he stepped down, the technological app was handed over to the Chief Technological officer as his replacement.
The reason why the co-founder decided to step down was due to his plans to focus on philanthropy and also to focus on crypto currency.
This came 15 years after the company was founded.
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