The amount of profit made by Gareth upon the sale of the home is $26,700.
Computation:
Given,
[tex]P[/tex] = Principal Amount of $135,000
[tex]i[/tex] = interest rate of 2.20%
[tex]n[/tex] =number of years are 8 years
First, the value of the home at the end of the 8th year will be computed by using the formula of future value.
[tex]\begin{aligned}\text{Future Value}&=P\times(1+i)^n\\&=\$135,000\times(1+0.022)^8\\&=\$160,672.27\end{aligned}[/tex]
Now, the profit will be computed by taking the difference of the future value of the home and the purchase price or the principal amount of the home.
[tex]\begin{aligned}\text{Profit}&=\text{Future Value\;-\;Principal Amount}\\&=\$160,672.27-\$135,000\\&=\$25,672.27\;\text{or}\;\$25,700\end{aligned}[/tex]
Therefore, at the time of sale of the home, the amount of profit gained by Gareth is $25,700.
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Answer:
b. $25,700
Explanation:
got it right
How does the value of a nation's currency affect global trade?
Answer:
this is the answer
Explanation:
A weaker domestic currency stimulates exports and makes imports more expensive; conversely, a strong domestic currency hampers exports and makes imports cheaper. Higher inflation can also impact exports by having a direct impact on input costs such as materials and labor.
The December 31, Year 1, financial statements of Edwards Co. (a privately held company) were available to be issued on March 1, Year 2, and were actually issued on March 3, Year 2. As of December 31, Year 1, Edwards Co. had 250,000 shares of common stock outstanding. On February 15, Year 2, Edwards Co. issued 500,000 more shares of common stock. As a result of this transaction, Edwards Co. must: __________
Because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
A Footnote is a section for financial disclosure that shows how the numbers in the statement of financial position and cash flow statements were determined.
Here, there are various stocks in Edward Company which were issued in the accounting year.Hence, because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
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Suppose you are a purchase manager who is the contract administrator for a major consulting firm installing a major enterprise resource planning system such as SAP or Oracle. What are some of the key elements that you would wish to include in the contract with the consulting company implementing this system?
The key elements that should be included in the contract include the right to work independently, and the avoidance of liability.
It should be noted that enterprise resource planning is important as it helps a firm manage and integrate the vital parts of the activities in the business.
From the complete information, the elements that should be included in the contract with the consulting company implementing this system include the right to work independently, and the avoidance of liability.
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how to calculate return on common stockholders equity
If an individual completes 300 hours of classroom instruction, including the USPAP course and a 30-hour course in the principals of capitalization, and totals 30 months and 3,000 hours of experience under a Certified Appraiser, that individual may become A) a Certified General Appraiser. B) a Certified Residential Appraiser. C) a Licensed Appraiser. D) a Certified Industrial Appraiser.
An individual may become a Certified General Appraiser when he completes the 300 hours of classroom instruction including required course and experience under a Certified Appraiser.
The status of Certified General Appraiser is the highest level of appraiser certification.
Hence, any individual can become a Certified General Appraiser when he completes the 300 hours of classroom instruction including required course and experience under a Certified Appraiser.
Therefore, the Option A is correct.
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How do the different auto loan factors impact monthly payments?
Pretend you are a highschool student who makes minimum wage. You want to buy a new car, but you are $10,000 short. You are looking at the two loans identified below. Explain which loan is more appealing and why you would choose that over the other. Use details to support your answer.
Thanks for the help!!!
According to the law governing mortgage loan brokers, what is the maximum commission Broker Claire can charge for securing a $50,000 first mortgage for a period of 2 years
The maximum commission that Broker Claire can charge for securing a $50,000 first mortgage is $2,500.
Basically, a broker is entitled to a commission as a compensation.
The law governing mortgage loan brokers states that the maximum commissions for loans of a period of 2 years is 5% of the principal of a loan of less than 3 years.
Since the broker secure a $50,000 first mortgage.
Commission = $50,000 * 5%
Commission = $2,500
In conclusion, the maximum commission that Broker Claire can charge for securing a $50,000 first mortgage is $2,500.
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Considering the rules and regulations, the maximum commission Broker Claire can charge for securing a $50,000 first mortgage for a period of 2 years is $700.00.
This is based on Article 7 of the Mortgage Loan Broker rule and regulation.
The Article 7 stated among the thing that for first loans, the maximum commissions is a 5 percent of the principal of a loan of less than 3 years.
However since there is also a caveat which says the charges made to a borrower cannot exceed 5% of the loan or $390.00, whichever is greater, to a maximum of $700.00.
Therefore, since 5 percent of $50,000 is $2,500, therefore, the maximum commission is $700.
Hence, in this case, it is concluded that the correct answer is $700.
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What do realtors do for the business (in a lot of detail)
Answer: Retailers sell food, hard or durable goods, and soft goods. Retailing is a trading activity that is directly related to the sale of goods or services to the ultimate consumer for personal, non-business use. A retailer is the last middleman in the machinery of distribution and is responsible to satisfy recurrent wants of consumers.
Explanation: I hope this helps!
what describes the specific information about a policy
Policy summary is what describes the specific information about a policy.
Policy is a term, commonly associated with insurance . It is a set of rules or guidelines for an organization and employees to follow in or to achieve a specific goal (i.e. compliance).
A policy summary describes the features and elements of the specific policy for which a person is applying.
Policy summary contains the following :
Name and address of the producerName of the policy issuedPremiumSurrender valueTherefore, Policy summary is what describes the specific information about a policy.
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Select the correct answer.
What type of curve results from plotting the market price of a commodity and the quantity required by consumers?
O A downward-sloping curve
O B. upward-sloping curve
OC. supply curve
OD
self-intersecting curve
Answer:
The answer is A
Explanation:
The downward sloping curve is a graphical representation depicting the relationship between a commodity's different price levels and quantities which consumers are willing to buy.
Shaquil receives total employee benefits that are 13. 5% of his gross annual pay. If Shaquil has a gross annual pay of $40,000, how much in total employee benefits does he receive? a. $5. 40 b. $54. 00 c. $540. 00 d. $5,400. 0.
The annual total employee benefits that are received by Shaquil are $5400 during the course of an entire year's salary. So the correct option matching the quoted statements is D.
The calculation of the total employee benefits derived are simple, as all such benefits are to be summed up in total by putting the values given under the summation.
Calculation of employee benefits The annual total employee can be calculated by using the formula for the same as given below,[tex]\rm Total\ annual\ employee\ benefits= Annual\ Salary\ x\ Percentage\ of\ Benefits\ Received[/tex]We have been given the information that the employee benefits derived are as 13.5%. Now we put the values given in the formula assuming that the salary $40000 remains constant.[tex]\rm Total\ Annual\ Employee\ Benefits= \$40000\ x\ 0.135\\\\\\\rm Total\ Annual\ Employee\ Benefits= \$5400[/tex]So we get the values that the total annual benefits of being an employee received by Shaquil will be $5400.Hence, the correct option is D that the total annual employee benefits derived by Shaquil will be $5400.
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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 of the following is something a "smart pick list" does NOT help pickers do?pick materials based on order of deliverypick materials based on due datephysically lift heavy itemspick materials using a pre-programmed, efficient route
Answer:
physically lift heavy items
Explanation:
pick materials based on order of delivery (that makes sense so you know when everything comes in)
pick materials based on due date (that makes sense so you how to plan and order everything to line up right)
pick materials using a pre-programmed, efficient route (that makes sense so you have a guide! You won't have to stress this way and it's seems simple.)
physically lift heavy items (that doesn't makes sense if they're heavy you'll be wasting your time fighting up with it. Have people help do that.)
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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Possible careers related to my results that appeal to me most include:
Explanation:
ummmmn I don't get this lol
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.
Calculate the monthly payment for a 5-year car loan of $23,570 at 10. 43% interest, compounded monthly. A. $247. 44 b. $337. 56 c. $433. 88 d. $505. 79.
The monthly payment for this car loan is equal to: D. $505. 79.
Given the following data:
Time = 5 yearsPrincipal = $23,570Interest rate = 10.43%To calculate the monthly payment for this car loan:
Mathematically, the monthly payment on a loan is given by this formula:
[tex]M = \frac{P(\frac{r}{12})(1 \;+\; \frac{r}{12})^{12t}}{(1 \;+ \; \frac{r}{12})^{12t} -1}[/tex]
Where:
P is the principal or amount borrowed.r is the interest rate.M is the monthly payment.t is the number of years.Substituting the given parameters into the formula, we have;
[tex]M = \frac{23570(\frac{0.1043}{12})(1 \;+\; \frac{0.1043}{12})^{12 \times 5}}{(1 \;+\; \frac{0.1043}{12})^{12 \times 5}\; -\;1}\\\\M = \frac{23570(0.008692)(1 \;+\; 0.008692)^{60}}{(1 \;+\; 0.008692)^{60}\; -\;1}\\\\M = \frac{23570(0.008692)(1.008692)^{60}}{(1.008692)^{60}\; -\;1}\\\\M = \frac{23570(0.008692)(1.6808)}{1.6808\; -\;1}\\\\M = \frac{344.34}{0.6808}[/tex]
Monthly payment, M = $505.79
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when some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in a competitive market is
Answer: The correct option therefore is > upward sloping
Explanation:
When resources are limited in quantity, the cost of production would increase. Hence, in the long run, the supply curve will be upward sloping.
why does global trade take place?
Answer:
because one country enjoys a comparative advantage in the production of a certain good or service.
Explanation:
pls give me brainliest
northern city bank keeps no excess reserves. assume northern city bank receives a deposit of $50 million dollars. as a result of the deposit, northern city bank’s required reserves increase by $10 million. what is the maximum possible change in the money supply in the banking system that could result from the $50 million deposit?
The maximum possible change in the money supply is $250 million.
The change in required reserves when an amount of money is deposited in a bank is determined by the reserve requirement.
Reserve requirement = increase in required reserves / amount deposited
$10 million / $50 million = 0.20 = 20%
The change in money supply can be determined using this formula:
Amount deposited / reserve requirement
$50 million / 20%
$50 million / 0.2 = $250 million
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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:
true or false? you should revisit your kpis every 18 months.
Answer:
false
have a nice day!!!
match each hypothetical country’s aging structure to its most likely economic situation.
It should be noted that the aging structure data is important as it allows the rate of growth to be associated with the population in a country.
Your information is incomplete. Therefore, an overview of the topic will be given. There are typically three age structures which are:
The children who are under 15 years old.The working-age who are between 15 - 64 years.The elderly ones who are 65 years and older.It should be noted that an aging population lower the labor-force participation and slows down economic development in the country.
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The extended warranty on a ceiling fan is 18% of the purchase price. If the price of the fan is $140, how much is the warranty? a. $7. 78 b. $25. 20 c. $18. 72 d. $12. 86.
Answer:
holi es la l D hojala te pueda ayudar con todo corazón
True or False: In some small-market teams, current players who originally commanded a small salary but who have greatly succeeded on the team can become too expensive for the team to re-sign.
There are different kinds of market. In some small-market teams, current players who originally commanded a small salary but who have greatly succeeded on the team can become too expensive for the team to re-sign is a true statement.
There are a lot of terminology of professional sports in North America. A lot of teams are often based in the media market.
A small market team is known to have some form of struggle as they compete financially against teams from larger markets
Because of this, they may be outbid in the competition for top talent. In most small-market teams, their main players who have achieved great success on the team can become too expensive for the team to re-sign them this is because they have become too big and they can no longer afford them.
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Answer:true
Explanation:
i got it right
What is the main advantage of having a skill set with a high market value?
A. Workers are more productive per hour using those skills.
B. Employers are willing to pay more for those skills.
C. Worker organizations have a major need for those skills.
D. There are fewer regulations restricting those skills.
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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what is the name of the department store where buddy works in elf?
Answer:
The name of the department store where buddy works in elf is called Gimbels.
Using the following prices, calculate the unit price to determine how much it would cost for 7 muffins and 14 juice boxes. $7. 74 for 6 muffins $5. 52 for 8 juice boxes a. $18. 69 b. $19. 89 c. $21. 91 d. $26. 52 Please select the best answer from the choices provided A B C D.
Answer: a
Explanation: