Stefan and Patricia would like to buy a home, but they aren't sure how large a house payment they can afford. Their combined gross monthly income is $5,000, and they have a $425 education loan payment. Assuming the maximum amount of allowed percentage of 38 percent ratio, Stefan and Patricia qualify for a maximum total house payment of
Answers
Stefan and Patricia qualify for a maximum total house payment of $1,470.
To calculate the maximum total house payment, we can use the 38 percent ratio of their gross monthly income. First, we need to determine their monthly income available for housing expenses. We subtract their monthly education loan payment of $425 from their gross monthly income of $5,000: $5,000 - $425 = $4,575.
Next, we calculate 38 percent of their monthly income available for housing expenses: $4,575 * 0.38 = $1,738.5.
However, this amount represents the total housing expense, which includes not only the mortgage payment but also property taxes, homeowner's insurance, and possibly homeowner association fees. To find the maximum total house payment, we need to deduct the estimated monthly expenses other than the mortgage payment.
Once the other expenses are subtracted, we find that Stefan and Patricia qualify for a maximum total house payment of $1,470.
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Related Questions
Under monopoly, the firm produces the output where ___________, and in perfect competition, the firm produces the output where _________. 1. P>MR=MC;P=MR=MC 2. PMR=MC
Answers
Under a monopoly, the firm produces the output where the price (P) is greater than both the marginal revenue (MR) and the marginal cost (MC). This means that the firm is producing at a point where it is charging a price higher than what it would charge in a perfectly competitive market. The reason for this is that a monopoly has market power and can control the price of its product. Therefore, it will produce at a lower quantity and charge a higher price, resulting in economic profits.
In contrast, in a perfectly competitive market, the firm produces the output where the price is equal to both the marginal revenue and the marginal cost. This means that the firm is producing at the point where it is making normal profits and there are no economic profits in the long run. The reason for this is that in a perfectly competitive market, there are many firms producing identical products, and no single firm has the market power to influence the price. Therefore, firms are price takers and will produce at a point where they are making normal profits.
In summary, the key difference between monopoly and perfect competition is that in a monopoly, the firm has market power and will produce at a point where it charges a higher price and produces a lower quantity, resulting in economic profits. In contrast, in perfect competition, the firm is a price taker and will produce at a point where it makes normal profits.
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please do this short answer thanks
There is a need to understand and appreciate value and benefits. The following formula is Value = Benefits/Cost Explain what the terms means and then share a product you have purchased and apply it to
Answers
The value indicates that the benefits of the product outweigh its cost and the product is of high value to the consumer.
The formula for Value is
Value = Benefits/Cost.
This formula is utilized to gauge the worth of a particular item in relation to its cost. The Benefits refer to the advantages that the product provides while the Cost refers to the amount of money invested in obtaining the product. In this manner, when the benefits surpass the cost, it implies that the item is of high value to the consumer.
One of the products I have purchased recently is a wireless charger for my smartphone. The product cost $25. It has been useful in many ways as I don't have to worry about cables or finding an outlet to charge my phone. I can charge it while on the go or when I'm working on my desk.
The benefits of this wireless charger include:
1. Convenient
2. Fast charging
3. No cables required
4. Portable
Therefore, we can calculate the value of this product using the formula of value which is
Value = Benefits/Cost.
So, the value of this product can be determined as follows:
Value = Benefits/Cost = (Convenient + Fast charging + No cables required + Portable)/$25
= (4)/$25
= 0.16
The result obtained is 0.16.
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firms that facilitate or provide one or more of the marketing functions other than buying are known as
Answers
Firms that specialize in providing marketing functions other than buying and selling are known as collaborators.
Collaborators are a unique type of marketing firm that specialize in providing marketing functions beyond just buying and selling.
They offer a variety of services including market research, advertising, social media management, website development, and more.
Collaborators strive to understand their clients’ needs and goals, and tailor their approach to designing and executing campaigns that will deliver maximum results.
With their comprehensive suite of services, collaborators can help your business reach its goals and maximize its potential.
Collaborators provide businesses with the support they need to reach their desired customer base and create successful campaigns.
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which of the following is not a product cost under variable costing?
Answers
To calculate united states gdp, we add up the value of new goods and services produced by american owned companies located in the united states.a. Trueb. False
Answers
Answer: True!
Explanation:
True. GDP stands for Gross Domestic Product and is a measure of the total value of all goods and services produced in a given country. It is calculated by adding up the value of all new goods and services produced by companies located in the United States. This includes goods and services produced by both American-owned and foreign-owned companies.
True or false is April 15th is an important date for people who have a job.
Answers
Answer:
true
Explanation:
its Tax Day so they are very busy
Ryan owns a Christmas tree farm that struggles to compete with the Christmas tree farm on the other end of town. He instructs one of his employees to set a fire at the rival farm, which destroys much of their stock and drives up demand for Ryan's trees. Ryan's employee is arrested for arson, and the rival farm sues for damages. Is Ryan liable for the tort? Yes, Ryan is vicariously liable according to the "zone of risk" test because his employee's actions were foreseeable. Yes, Ryan is directly liable for the tort but not for the employee's criminal act of arson. Yes, Ryan is directly liable for the tort and for the employee's criminal act of arson. No, Ryan is not liable in this case.
Answers
Indeed, Ryan is directly liable for the tort and for the employee's criminal act of arson.
The option (C) is correct.
In this situation, Ryan trained one of his workers to set a fire at the opponent's ranch, which brought about huge harm. Ryan's guidance to carry out a crook demonstration of pyromania exhibits his immediate contribution and responsibility for the misdeed.
Even though the representative genuinely completed the demonstration, Ryan's guidance makes him answerable for the outcomes. Both Ryan and the worker can be expected to take responsibility for the harm brought about by the pyromania, and Ryan might have to deal with criminal penalties also.
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This question is not complete, Here I am attaching the complete question:
Ryan owns a Christmas tree farm that struggles to compete with the Christmas tree farm on the other end of town. He instructs one of his employees to set a fire at the rival farm, which destroys much of their stock and drives up demand for Ryan's trees. Ryan's employee is arrested for arson, and the rival farm sues for damages. Is Ryan liable for the tort?
(A) Yes, Ryan is vicariously liable according to the "zone of risk" test because his employee's actions were foreseeable.
(B) Indeed, Ryan is directly liable for the tort but not for the employee's criminal act of arson.
(C) Yes, Ryan is directly liable for the tort and for the employee's criminal act of arson.
(D) No, Ryan is not liable in this case.
An+open-end+fund+has+a+net+asset+value+of+$11.20+per+share.+it+is+sold+with+a+front-end+load+of+5%.+what+is+the+offering+price?+(round+your+answer+to+2+decimal+places.)
Answers
The offering price of the open-end fund, with a net asset value of $11.20 per share and a front-end load of 5%, is $11.76 per share.
To calculate the offering price, you need to add the front-end load percentage to the net asset value per share.
Front-end load percentage: 5% = 0.05
Net asset value per share: $11.20
Offering price = Net asset value per share + (Front-end load percentage * Net asset value per share)
Offering price = $11.20 + (0.05 * $11.20)
Offering price = $11.20 + $0.56
Offering price = $11.76
Therefore, the offering price is $11.76 per share.
In business, common types of amounts include monetary, quantity, percentage, statistical, and non-monetary. Understanding or interpreting these amounts is essential for financial analysis and decision-making.
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CAREER (need help need to be %100 right)
Any activity that leaves you feeling weaker after you do it is a ___?
A) talents
B) strength
C) interest
D) weakness
Practicing and hard work builds your talents into ___?
A) strengths
B) weaknesses
C) motivation
D) passion
Answers
Answer:
D) weakness
A) strengths
Explanation:
which of the following is most likely important in a firm that has informal promotion processes? select one: a. employee qualification data banks b. job posting policies c. nine-box assessments d. networking skills
Answers
Networking skills are most likely important in a firm that has informal promotion processes. Option is D.
In companies with informal promotion processes, employees are often promoted based on their personal relationships and connections with senior management rather than through formal performance evaluations. Therefore, having strong networking skills and cultivating relationships with influential colleagues can be crucial for career advancement in such organizations. While employee qualification data banks, job posting policies, and nine-box assessments may still be relevant, they are typically more important in firms with formal promotion processes that rely on objective criteria to evaluate and promote employees.
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What is a car an example of?
Answers
Answer: a consumer good or a luxury good
Explanation:
Answer:
Any machine that transports people
Explanation:
McLarens is and example of a car
or a Lambo is and example of a car
3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
Answers
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
Answer:
3629.9
Explanation:
I just did the test and thats what it told me the correct answer was.
Which of the following is true regarding states that have adopted the reasonably foreseeable users test for accountant liability to
third parties?
Answers
The reasonably foreseeable users test holds an accountant liable to any third-party who was or should have been foreseen as a possible user of the accountant's work product and did, in fact, use and rely upon that work product for a proper business purpose.
What is accountant?By gathering, monitoring, and making necessary corrections to the company's finances, an accountant assists organisations in making important financial decisions. Financial audits, bank statement reconciliation, and ensuring that financial records are accurate all year long are under their purview.
Account analysis, auditing, and financial statement analysis are examples of professional accounting duties carried out by accountants. Accountants can work for an accounting firm, a sizable business with an internal accounting division, or they can open their own practise.
These four areas of accounting are forensic, corporate, public, and governmental. For any accounting employment, an undergraduate degree is typically a requirement, however prior master's work—especially in the accounting field—is frequently greatly encouraged.
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20 POINTS!!!! Please check the picture attached.
Answers
Answer:
6
Explanation:
Wheels and More produces and sells auto accessories. It decides to begin customizing the accessories with the logo of one of the big automobile makers. For example, a purchaser can order a rear window decal containing the Ford logo. Has Wheels and More violated any property right of Ford? Explain your answer using correct terminology from the course.
Answers
Yes, Wheels and More would be violating Ford's property rights by using the Ford logo on their accessories without authorization, constituting trademark infringement.
Yes, Wheels and More would likely be violating Ford's property rights by customizing their accessories with the logo of the automobile maker without proper authorization. The logo of a company, such as Ford, is a form of intellectual property, specifically a trademark.
Trademarks are legally protected and give the owner exclusive rights to use the mark in commerce to distinguish their goods or services. Unauthorized use of a trademark without permission constitutes trademark infringement. By using the Ford logo on their accessories without authorization, Wheels and More would be infringing on Ford's trademark rights, potentially leading to legal consequences.
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List the five most common functions of business reports for an
organisation that manufactures electric cars for 1, 2 or 4
passengers. Name the users and the stakeholders involved in each
function.
Answers
The five most common functions of business reports for an organization that manufactures electric cars for 1, 2, or 4 passengers, along with the users and stakeholders involved.
Are as follows: Sales and Marketing Analysis:
Users: Sales and marketing teams, executives.
Stakeholders: Customers, dealerships, investors, shareholders.
Production and Inventory Management:
Users: Operations managers, production teams.
Stakeholders: Suppliers, logistics partners, investors.
Financial Performance Evaluation:
Users: Finance department, executives.
Stakeholders: Investors, shareholders, lenders, regulatory authorities.
Quality Control and Product Development:
Users: Quality control teams, research and development teams.
Stakeholders: Customers, regulatory authorities, investors.
Sustainability and Environmental Impact Assessment:
Users: Environmental compliance teams, sustainability managers.
Stakeholders: Regulatory authorities, customers, environmental organizations, investors. These functions and their corresponding reports serve different purposes and cater to various users and stakeholders within and outside the organization. By analyzing these reports, decision-makers can make informed choices, assess performance, ensure quality, drive innovation, and address sustainability concerns in the manufacturing and marketing of electric cars.
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In preparing a company's statement of cash flows using the indirect method, the following information is available:Net income $ 52,000Accounts payable decreased by 18,000Accounts receivable increased by 25,000Inventories increased by 5,000Depreciation expense 30,000Net cash provided by operating activities was:
Answers
Answer:
Statement of cash flows using the indirect method
Net income $52,000
Adjustments to net income:
Depreciation expense $30,000Increase in accounts receivable ($25,000)Increase in inventories ($5,000)Decrease in accounts payable ($18,000) ($18,000)net cash flow provided by operating activities $34,000
cuales son las ideas principales del actor sobre el establecimiento de metas
Answers
Explanation:
Bitte sprechen Sie Englisch
Which is the best option for people who need the items immediately but cannot pay cash now? choosing installment plans for both items choosing rent-to-own plans for both items saving up enough money before buying either item splitting the items between installment and rent-to-own plans
Answers
Answer:
A. choosing installment plans for both items
Explanation:
on edge
The best option for people who need the items immediately but cannot pay cash now is choosing installment plans for both items. The correct option is (a).
What do you mean by the installments plans?A way of paying for something in which a portion of the price is paid up front and then ongoing payments are made until the loan is fully repaid: Making an instalment plan to pay taxes over time is an additional choice.
A mechanism known as an instalment plan allows the buyer to take possession of the items and utilize them while paying a portion of the price as a down payment and the remaining balance in a series of scheduled instalments.
An agreement called an instalment purchase agreement is used to finance the purchase of assets.
Therefore, the best option for people who need the items immediately but cannot pay cash now is choosing installment plans for both items.
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In class, Marcus is skilled at picking up main ideas and important details from his teachers' lectures. What is this called?
Answers
Answer:
This would observation, which is something most readers should be able to do
Explanation:
When does a salesperson generally move in to close a deal?
A. after establishing rapport
B. after qualifying the lead
C. after answering objections
D. after delivering the sales pitch
Answers
So C.
summary of (200-250 words) addressing constraints and issues
identified by the speaker for each of major modal component (port,
airport, rail, road, and pipeline) of Canadian transportation
system.
Answers
The Canadian transportation system has five major modal components: port, airport, rail, road, and pipeline. The speaker identifies various constraints and issues associated with each of these components.
Port: The speaker mentions that Canadian ports are not operating at their full capacity due to outdated infrastructure, limited land access, and delays in the construction of new terminals. These constraints are hindering the growth of Canadian trade and hampering its competitiveness on the global stage.
Airport: The speaker notes that Canadian airports are facing a shortage of capacity due to increasing passenger demand. This is exacerbated by aging infrastructure and limited funding for expansion. Moreover, there are issues with air traffic congestion and environmental concerns.
Rail: The speaker identifies rail as a critical mode of transportation for Canadian trade. However, there are various constraints such as limited capacity, aging infrastructure, and increasing competition from other modes of transport. Moreover, there are issues related to regulatory barriers and the need for increased investment.
Road: The speaker mentions that the Canadian road network is essential for both freight and passenger transportation. However, there are issues related to congestion, inadequate funding for maintenance and expansion, and lack of standardization in safety regulations across provinces.
Pipeline: The speaker acknowledges the importance of pipelines for the transport of natural resources such as oil and gas. However, there are constraints related to regulatory hurdles and public opposition to pipeline construction. Additionally, there are concerns related to environmental impact and pipeline safety.
Overall, the speaker highlights the need for increased investment in infrastructure, regulatory reform, and improved coordination among the different modes of transport to address these constraints and issues and ensure the long-term sustainability of the Canadian transportation system.
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What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that ______. Multiple choice question. better ethics comes with increased standard of living the United States is often overly critical of foreign business practices the United States has more highly evolved ethical practice moral standards are relative to particular societies
Answers
What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that moral standards are relative to particular societies.
What are moral standards?In summary, moral standards are what a person of society considers to be right or wrong regarding human behavior. These standards are often different in the distinct cultures and societies around the world, often due to differing histories that helped to form them.
Therefore, we can confirm that the situation described in the question is a direct result of the moral standards being relative to particular societies.
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Write a 6 paragraph essay on the importance of economic growth
Answers
Answer:
*insert long essay*
Explanation:
The amount a business adds to the cost of merchandise to establish the selling price is called: _______
Answers
The amount a business adds to the cost of merchandise to establish the selling price is called mark-up .
What does "mark up" mean?
The value that a player adds to the cost price of a good is referred to as markup. The term "mark-up" refers to the value added. The retail price is often equivalent to the markup added to the cost price. A FMCG manufacturer, for instance, charges the merchant Rs 10 for a bar of soap.
What are margin vs. markup?
In terms of terminology, the markup percentage is the proportionate difference between the selling price and the real cost, whereas the gross margin percentage is the proportionate difference between the selling price and the profit.
The markup, expressed as a percentage of the cost, is the difference between the selling price and the product's cost.
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economists reason that the optimal decision is to continue any activity up to the point where the part 2a.marginal benefit equals the marginal cost.b.marginal benefit is zero.c.marginal benefit is greater than the marginal cost.d.marginal cost is zero.
Answers
Economists reason that the optimal decision is to continue any activity up to the point where the part where marginal benefit equals the marginal cost. Thus, the correct answer is option A.
What is marginal benefit?The marginal benefit is a consumer's maximum willingness to pay for an additional commodity or service. It also refers to the extra pleasure or utility that a customer receives after purchasing the additional commodity or service. The marginal benefit of a good or service decreases as the consumer consumes more of it.
In the business world, the term "marginal revenue" refers to the manufacturers' marginal gain. A marginal benefit, also known as marginal utility, is the value of any additional unit purchased for consumption after the initial unit. Utility refers to a customer's level of satisfaction with the unit being consumed.
Therefore ,the optimal decision is to continue any activity up to the point where marginal benefit equals the marginal cost.
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What is the correlation between consumer spending, discounts, rising prices, and the economy
Answers
Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.
What is an inflation?An inflation means a persistent rise in general level of goods and service in a particular year.
Inflation affects consumer spending because the purchasing power of currency reducesInflation affects discount ratesInflation results to rising price of goods and servicesInflation gives the overall economy a hard timeIn conclusion, an Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.
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Sheridan Inc makes unfinished bookcases that it sells for $57. Production costs are $37 variable and $9 fixed Because it has unused capacity, Sheridan is considering finishing the bookcases and solling them for $70. Variable finishing costs are expected to be $7 per unit with no increase in fxed costs Prepare an analysis on a per-unit basis that shows whether Sheridan should sell unfinished or finished bookeases. (Of an amount reduces the net ineome then enter with a negative sign preceding the number, eg, −15,000 or parenthesis, es (15,000) )
Answers
Selling finished bookcases generates a higher profit per unit ($17) compared to selling unfinished bookcases ($11). Therefore, Sheridan Inc should choose to finish the bookcases and sell them for $70 each as it results in greater profitability.
For unfinished bookcases, the selling price is $57 per unit. The production costs consist of $37 variable costs and $9 fixed costs per unit. Therefore, the total cost per unit for unfinished bookcases is $37 + $9 = $46.
For finished bookcases, the selling price is $70 per unit. The variable finishing costs are $7 per unit, and there is no increase in fixed costs. Thus, the total cost per unit for finished bookcases is $37 + $9 + $7 = $53.
To determine the more profitable option, we calculate the profit per unit for each scenario.
For unfinished bookcases: Profit per unit = Selling price - Total cost per unit = $57 - $46 = $11.
For finished bookcases: Profit per unit = Selling price - Total cost per unit = $70 - $53 = $17.
Selling finished bookcases generates a higher profit per unit ($17) compared to selling unfinished bookcases ($11). Therefore, Sheridan Inc should choose to finish the bookcases and sell them for $70 each as it results in greater profitability.
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Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
Answers
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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assume that the federal reserve increases the money supply. this will cause: i. interest rates to decrease ii. consumption and investment to decrease tion to fall
Answers
Assuming that the Federal Reserve increases the money supply, this will likely cause interest rates to decrease.
This is because there will be more money available in the economy, which will reduce the demand for loans and make it easier for businesses and individuals to borrow at lower rates. However, it is not necessarily the case that consumption and investment will decrease. In fact, some economists argue that an increase in the money supply can actually stimulate economic activity by making it easier for people to borrow and invest. So while it is possible that consumption and investment may fall in response to a change in the money supply, this is not a guaranteed outcome.
So, in summary, when the Federal Reserve increases the money supply, it causes interest rates to decrease and consumption and investment to increase.
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