You are ready to buy a house, and you have $25,000 for a down payment and closing costs. Closing costs are estimated to be 4% of the loan value. You have an annual salary of $48,000 (monthly income $4000) , and the bank is willing to allow your monthly mortgage payment to be equal to 25% of your monthly income. The interest rate on the loan is 7.2% per year with monthly compounding (.6% per month) for a 30-year fixed rate loan. How much money will the bank loan you

Answer:

Interest is found in the income statement, but can also is the most common non-operating expense

Example

Answer:

B.

Explanation:

If you look this question up on your main search engine, it should give you this answer. Let me know if it's wrong.

The tax incentive being provided by government to eligible taxpayers at the time of retirement that allows an individual for contributing after tax income is the Traditional IRA.

Option C is correct.

After tax income is the amount being earned by individual after paying off the taxes on the basis of their filing status. It is determined by deducting tax expense from the amount of gross income.

Traditional IRA is one of the retirement account that permits a person for making contributions of gross revenues or after-tax revenues for investment. If the amount invested is complied with the rules as framed by tax authorities, then it can be considered for tax deductions. This leads to lowering of tax liability to some extent.

Therefore, the traditional IRA is the tax incentive allowing an individual on after tax income.

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Answer:

17.9%

Explanation:

The computation of the internal rate of return of the project is shown below;

Year  0          0

Year 1        -70,000 ($10,000 - $70,000)

Year 2       -15,000 ($30,000 - $45,000)

Year 3       115,000 ($125,000 - $10,000)

Let us assume r represent the IRR of the incremental project.

so,  

-$70,000 ÷ (1+r) - $15,000 ÷ (1+r)^2 + $115,000 ÷ (1+r)^3 = 0

r = 17.9%

The options that are pre-award considerations that impact post-award subcontracting compliance management are:

1)Will advance notification and consent to subcontract be required?

3)Will the contract be set aside for one of the small business socioeconomic categories?

4)Will the contract include government property?

Subcontract management, when correctly implemented, encourages uniformity in the administration of subcontracts across functions, reduces risk to the business and contract, and can boost profitability.

The process of hiring and supervising subcontractors on behalf of a customer is known as subcontractor management. General contractors are accountable for this in construction.

Respect for the standards and guidelines established in a contract is referred to as contract compliance. This frequently entails periodic inspections of an existing contract to look for deviations and assess compliance with compliance rules and standards.

Therefore, The process of making sure people and operations at all levels of the business abide by rules, regulations, and specifications is known as compliance management. Governments, industry groups, regulatory agencies, and employee unions are just a few of the many organizations that set requirements.

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See full question below

Which the following are pre-award considerations that impact post-award subcontracting compliance management?) (Select three that apply)

1)Will advance notification and consent to subcontract be required?

2) Will the prime contractor be required to attend the post-award orientation conference?

3)Will the contract be set aside for one of the small business socioeconomic categories?

4)Will the contract include government property?

The cost reconciliation schedule:

Transferred out: The transferred out cost is the sum of the materials, labor, and overhead. In this case, it is $36,000 (materials) + $88,500 (labor) + $54,000 (overhead) = $178,500.

Work in process - Materials: The work in process cost for materials is $36,000.

Conversion costs - Work in process: The work in process cost for conversion costs is calculated by multiplying the percentage of completion for conversion costs (50%) by the equivalent units of production for conversion costs (57,000). Therefore, it is 0.5 * 57,000 = $28,500.

Total cost accounted for: The total cost accounted for is the sum of the transferred out cost, work in process cost for materials, and work in process cost for conversion costs. In this case, it is $54,000 + $36,000 + $25,500 = $115,500.

eTextbook and Media: The cost of eTextbook and Media is not specified in the provided information. If there is no cost associated with eTextbook and Media, it would be $0.

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The content of the memo which Miss Richards claimed she received from her employer about post-party transportation is:

This refers to the written message which gives certain directives, usually to employees in an office setting.

With this in mind, we can see that from the complete text, there was the narration about Miss RIchards receiving a memo from her boss and there was the talk of logistics regarding transportation and it was stated that cab service would be provided.

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Answer:

C

Explanation:

If Long-term debt to total assets ratio = 0.30 and total liability = $45000 and total assets =

$120000. The Long-term debt equalj

The inflation premium on a 5-year bond is 2.67%.

Inflation is described as a price increase that leads to a loss of purchasing power over time. The average price rise of a basket of selected goods and services over time may indicate the pace of reduction in purchasing power. The price rise, which is commonly expressed as a percentage, indicates that a unit of money now buys less than it did previously. Inflation differs from deflation, which occurs when prices fall while purchasing power grows.

Inflation will be 5% next year, 6% the year after, and 7% after that.

Inflation Premium = [5.00% + 6.00% + 3 * 7.00%] / 12

Inflation Premium = 32.00% / 12

Inflation Premium = 2.67%

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In terms of describing today's youngsters, Generation Z, Generations Alpha is the most appropriate term.

The Silent Generation, Baby Boomers, Generation X, and Millennials are just a few of the generations that make up the generational categories that the Pew Research Center regularly updates. Gen Z birth years were introduced by the organisation in 2019 officially. Several sources have since offered their opinions on the Gen Alpha age ranges. For each generation, see below for the most recent definitions:

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Answer:

baby boomers

gen x

millennials

gen z

gen alpha

Explanation:

Answer: In January, when the products are delivered.

The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.

Total Cost = Quantity * Cost per pound

Total Cost = 1,000 pounds * $0.11/pound

Total Cost = $110

Spoilage Quantity = 3% of Quantity

Spoilage Quantity = 3% of 1,000 pounds

Spoilage Quantity = 0.03 * 1,000 pounds

Spoilage Quantity = 30 pounds

Effective Quantity = Quantity - Spoilage Quantity

Effective Quantity = 1,000 pounds - 30 pounds

Effective Quantity = 970 pounds

Makeup Rate = 180%

Selling Price per pound:

= (Total Cost * Makeup Rate) / Effective Quantity

= ($110 * 1.80) / 970 pounds

= $2.03505/pound.

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Answer:

the current value fo $1,000 is $1,011.22

Explanation:

The computation of the current value of $1,000 is shown below:

Current value

= Price × (Current CPI ÷ Reference CPI) × 100

= $1,000 × (205.47 ÷ 203.19)

= $1,011.22

We basically applied the above formula so that the current value would come

Hence, the current value fo $1,000 is $1,011.22

1. It is correct to state that the debit and credit columns of the trial balance match, this ensures that the accounting entries have been prepared correctly.

2. Temporary accounts are closed during the accounting period closing process for purposes of organization, control and to prevent balances from being mixed with those of the next accounting period.

Corresponds to a period of time in which an organization will calculate its assets, that is, its credits and debits related to a period that can be carried out, for example, in the weekly, monthly or annual period, which is an instrument for identifying the financial situation of the company and its evolution.

Therefore, it is essential that accounting, such as financial statements and balance sheets are developed in an organized and structured way, in order to increase corporate governance to stakeholders, in addition to ensuring the best decision-making for business performance.

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c sales representative

Answer:

There is enough money in her account to cover the amount of the checks

Explanation:

A check is a specially printed document which, when dully filled and signed, instructs a bank to pay the named person the specified amount of money. The check is prepared by the drawer and addressed to his or her bank, the drawee.

The check draws funds from the drawers checking account. Writing a check is actually making payments with the money held in the checking account. The banks will honor the instructions on the check as long as the drawer's account has sufficient funds to complete the transaction.

Answer:

D sole proprietorship I think

The solution to the given question when we consider total cost and total revenue, given in the following table:

Quantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit

------- | -------- | -------- | -------- | -------- | --------

0     | 5       | 5        | 0        | 0        | -5

1     | 11      | 6        | 6        | 6        | 1

2     | 17      | 6        | 12       | 6        | 5

3     | 24      | 7        | 18       | 6        | 4

4     | 31      | 8        | 24       | 6        | -7

5     | 39      | 8        | 30       | 6        | -9

6     | 47      | 8        | 36       | 6        | -11

7     | 55      | 8        | 42       | 6        | -13

As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.

Therefore, the answer to the question is 3.

In summary:

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The events that would affect the equilibrium price and quantity of new textbooks include changes in production costs, shifts in student enrollment, changes in government policies etc.

The changes in production costs will shift the supply curve of new textbooks. If production costs increase, the supply curve would shift to the left resulting in decrease in the equilibrium quantity and an increase in the equilibrium price.

But if production costs decrease, the supply curve would shift to the right leading to an increase in the equilibrium quantity and a decrease in the equilibrium price of new textbooks.

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We estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. The degree of confidence used is 99%.

To estimate the mean weight of the population of rainbow trout fingerlings, we can use the sample mean as an estimate. In this case, the sample mean weight is 402.7 grams.

Since the sample is a good representation of the population, we can consider this as our estimate for the population mean weight.

To determine the 99% confidence interval, we need to calculate the margin of error. The margin of error is given by multiplying the critical value (z*) with the standard deviation of the sample mean.

For a 99% confidence level, the critical value is 2.576 (obtained from a standard normal distribution table).

The margin of error is then calculated as 2.576 * (8.8 / sqrt(40)), which equals 3.932 grams. Therefore, the 99% confidence interval for the mean weight of the population is 402.7 ± 3.932, or approximately (398.77, 406.63) grams.

The degree of confidence used is 99%, meaning that if we repeated the sampling process multiple times, approximately 99% of the resulting confidence intervals would contain the true population mean weight.

In conclusion, we estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. This means we are 99% confident that the true population mean weight falls within this range.

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Answer:

D) Recognized $8.91 million loss on the project in 2022.

Explanation:

The computation is shown below:

For Year 2021:

Percentage of work completed in the year 2021 is

= $40 ÷ ($40 + $84)× 100

= $40 ÷ $124 × 100

= 32.26%

Profit on the contract is

= Contract price - Already incurred cost - Expected cost

= $162 - $40 - $84

= $38

Profit to be recognized in the year 2016 is

= profit × percentage of completion

= $38 × 32.26%

= $12.256

For Year 2022:

Percentage of work completed in the year 2017 is

= ($40 + $65) ÷ ($40 + $65 + $52)

= $105 ÷ $157 × 100

= 66.88%  

Profit on the contract is

= Contract price - Already incurred cost - Expected cost

= $162 - $40 - $65 - $52

= $5

Profit that should be recognized till the year 2017 is

= profit × percentage of completion

= $5 × 66.88%

= $3.344

Profit to be recognized in the year 2017 is

= $3.344 - $12.256

= 8.91 million loss

Answer:

Emiko Co.

a) Adjusting Journal Entries:

Debit Sales Salaries Expense $1,700

Credit Sales Salaries Payable $1,700

To record unpaid salaries expense.

Debit Selling Expenses $3,000

Credit Prepaid Selling Expenses $3,000

To record expired expenses.

b) Closing Journal Entries:

Debit Income Summary $30,000

Credit Beginning Inventory $30,000

To close the beginning inventory to the Income Summary.

Debit Sales $529,000

Credit Sales Returns and Allowances $17,500

Credit Sales Discount $5,000

Credit Income Summary $506,500

To close sales, sales returns & allowances & discount.

Debit Income Summary $212,000

Credit Cost of goods sold $212,000

To close cost of goods sold to the income summary.

Debit Income Summary $208,700

Credit Sales Salaries $49,700

Credit Utilities $15,000

Credit Selling expenses $39,000

Credit Administrative expenses $105,000

To close expenses to the income summary.

Explanation:

Adjusting journal entries are often used to make some changes in the accounts at the end of the reporting period in order to ensure that transactions are reported on the accrual basis.  Entries made under this journal are usually accrued expenses and income, prepaid expenses and deferred revenue, depreciation charges.

On the other hand, closing journal entries are used to differentiate the temporary accounts from the permanent accounts.  Temporary accounts are closed at the end of the accounting period to the Income Summary.  Permanents accounts are carried over to the next accounting period.  Their accounts make up the balance sheet and their opening balances of the next reporting period.

The difference between the risky return and the risk-free rate is the excess return on a hazardous asset.

The difference between the rate of return that is risk-free and the rate of return for a certain stock that involves risk is known as the risk premium. A higher level of risk in the stocks is offset by larger returns, which encourages investors to go for a riskier investment over a safer one.

Excess returns are earnings that are obtained above and beyond the return of a proxy. A chosen investment return comparison will serve as the foundation for the examination of excess returns.

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Answer:

The slope of Marvin's budget constraint is the marginal rate of substitution (MRS) between the two goods, in this case, bus passes and hamburger meals. The MRS represents the rate at which Marvin is willing to give up hamburger meals for an additional bus pass, or vice versa. Therefore, without more information about Marvin's preferences and budget, it is impossible to determine the specific slope of his budget constraint and how many hamburger meals he will give up for an additional bus pass.

Uday Tahlan

The 10 main advantage of sole trader (sole proprietorship) includes:

The 10 main disadvantage of sole trader (sole proprietorship) includes:

As a business structure, a sole proprietorship is also known as a sole tradership, individual entrepreneurship or proprietorship. This means an enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. Generally, a sole trader does not necessarily work alone and may employ other people.

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Answer:

Explanation:

a-1. We can use the expected value formula to find the number of problems we would expect to be resolved today:

Expected value = Number of cases reported x Probability of resolution

Expected value = 12 x 0.7

Expected value = 8.4

Rounding to 2 decimal places, we would expect 8.40 problems to be resolved today.

a-2. To find the standard deviation, we can use the formula:

Standard deviation = √(n x p x (1 - p))

where n is the number of cases reported and p is the probability of resolution. Substituting in the values given, we get:

Standard deviation = √(12 x 0.7 x (1 - 0.7))

Standard deviation = √(3.36)

Standard deviation = 1.8326

Rounding to 4 decimal places, the standard deviation is 1.8326.

b. To find the probability that 6 of the problems can be resolved today, we can use the binomial probability formula:

P(X = x) = (nCx) * p^x * (1 - p)^(n - x)

where n is the number of cases reported, p is the probability of resolution, x is the number of cases that can be resolved, and nCx is the binomial coefficient (nCx = n! / x!(n-x)!).

Substituting in the values given, we get:

P(X = 6) = (12C6) * 0.7^6 * (1 - 0.7)^(12 - 6)

P(X = 6) = (924) * 0.7^6 * 0.3^6

P(X = 6) = 0.0482

Rounding to 4 decimal places, the probability that 6 of the problems can be resolved today is 0.0482.

c. To find the probability that 6 or 7 of the problems can be resolved today, we can use the same formula as in part (b), but we need to calculate the probabilities separately for 6 and 7, and then add them together:

P(X = 6 or X = 7) = P(X = 6) + P(X = 7)

P(X = 6 or X = 7) = (12C6) * 0.7^6 * 0.3^6 + (12C7) * 0.7^7 * 0.3^5

P(X = 6 or X = 7) = 0.0482 + 0.1254

P(X = 6 or X = 7) = 0.1736

Rounding to 4 decimal places, the probability that 6 or 7 of the problems can be resolved today is 0.1736.

d. To find the probability that more than 7 of the problems can be resolved today, we can use the complement rule and subtract the probability of 7 or fewer problems being resolved from 1:

P(X > 7) = 1 - P(X ≤ 7)

P(X > 7) = 1 - [P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5) + P(X = 6) + P(X = 7)]

P(X > 7) = 1 - [(12C0) * 0.7^0 * 0.3^12 + (12C1) * 0.7

An technology-mediated control is used by companies like Uber and UPS to monitor their employee performance and behavior.

A technology-mediated control refers to a technology that allows organization's to monitor or influence their workers in other for them to behave in a manner consistent with organizational objectives.

Hence, the technology-mediated control is used to monitor employee performance and behavior while they are working.

Therefore, the Option D is correct.

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Answer:

it's 1 because the language theories tell us how we are supposed to use the proper form of words in speaking