Assuming a PITI of approximately $1,300 for the townhouse, and given Hector and Maria's PITI of $4,300, the couple will not be approved for a mortgage.
What is PITI?The PITI means principal, interest, taxes, and insurance. Traditionally, the PITI should not exceed 28% of the gross income of Hector and Maria.
Since they both earn a gross monthly income of $8,000, they are likely to get approved for the mortgage but for the townhouse's limit of $1,300.
Data and Calculations:Gross monthly income = $8,000
PITI maximum = 28% or $2,240 ($8,000 x 28%)
Taxes and withholdings per month = 40% or $3,200 ($8,000 x 40%)
Student loans payments = $400
Car loans payments = $700
Approximate PITI per month = $4,300
Excluded in PITI calculations:
Credit cards payments per month = $450
Lease for luxury condo per month = $1,400
Thus, given the townhouse's PITI of $1,300, Hector and Maria will not be approved for a mortgage.
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List two basic questions belonging to the field of ethics.
Answer: Here are three basic questions of ethics:
Does your decision conflict with any of the core ethical values?
How will your decision affect others?
Are there regulations, rules, or policies that restrict your choices/actions?
Explanation:
I hope this helps!
An engineering graduate starts a new job at $68,000 per year. Her
investments are deposited at the end of the year into a mutual fund
that earns a nominal interest rate of 5% per year with quarterly
compounding. How much money will be in the account immediately
after she makes the last deposit?
(a) She makes $4000 annual deposits for the next 40 years.
(b) She makes the $4000 deposits for 10 years, then stops all
investments for the next 10 years, and then resumes deposits of $6000
per year for the next 20 years.
Answer:
Explanation:
Effective Annual Rate=(1+r)^n-1 Here=r=5/4=1.25% per quarter EAR=(1.0125^4)-1 5.09% (a)..
Palm, which uses the high-low method, had an average cost per unit of $40 at its lowest level of activity when sales equaled 1,600 units and an average cost per unit of $31.00 at its highest level of activity when sales equaled 3,200 units. Palm would estimate fixed costs as:
Using the high-low method of calculating costs, Palm will estimate the fixed cost element as $28,800.
Calculation of Fixed Cost Using the High-Low MethodThe fixed cost can be estimated as follows:
1) Calculation of variable cost elements
Total cost at a particular level of activity = Average cost per unit * units ………………… (1)
Using equation (1), we have:
Total cost at the lowest level of activity = $40 * 1,600 = $64,000
Total cost at the highest level of activity = $31 * 3,200 = $99,200
Variable cost per unit = (Total cost at the lowest level of activity - Total cost at the lowest level of activity) / (Highest Units - Lowest Units) = ($99,200 - $64,000) / (3,200 - 1,600) = $35,200 / 1,600 = $22
Therefore, the variable cost element is $22 per unit.
2) Calculation of fixed cost elements
Total cost = Total Fixed Cost + Total Variable Cost ................. (2)
Where;
Total Variable Cost = Variable cost unit * Units at a particular Total Cost
Using the highest unit with its total cost and substituting into equation (2), we have:
$99,200 = Total Fixed Cost + ($22 * 3,200)
$99,200 = Total Fixed Cost + $70,400
Total Fixed Cost = $99,200 - $70,400
Total Fixed Cost = $28,800
Therefore, Palm will estimate the fixed cost element as $28,800.
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When an installment note is issued, the journal entry will include a __________ to __________.
a. debit; Notes Payable
b. debit; Cash
c. credit; Cash
d. credit; Notes Receivable
According to the path-goal theory of House and others, what do leaders assume?
Different leaders are needed in different circumstances
Subordinates are motivated by believing that more effort improves job performance.
Leaders should smooth the path towards a fixed goal.
Base on the path-goal theory of House, Subordinates are motivated by believing that more effort improves job performance .
What is path-goal theory?The path-goal theory states stressed that a leader's behavior is contingent on the satisfaction and motivation of their employees.
This is the reason why, Subordinates of the organization are motivated by believing that more effort improves job performance .
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Place the steps in order to perform a quick sort.
HURRY
Why can it be more expensive for clients to host a catered event at their home than at a hotel or restaurant?
It would be more expensive to host the event in their home than at the hotel due to the cost of the rental properties.
What are the rental properties needed for a home event?These would be for properties such as chairs, tables, china, linens and glass ware.
While hosting in a hotel, these properties would be provided by the event centre.
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Jordan needs to purchase a car. The car Jordan plans to purchase costs $15,000. Jordan has saved $3,000 to
use as a down payment for the car. Jordan is offered credit terms of 5% APR for 5 years
In one year, how much interest will Jordan pay on this loan?
In one year, the interest that Jordan will pay on a loan to purchase a car that costs $15,000 with a downpayment of $3,000 at 5% APR for 5 years is $600.
How is interest calculated?The interest can be computed using an online finance calculator for the 5 years period.
However, to calculate interest for one year, especially the first year, the loan amount is multiplied by the APR, as below.
Data and Calculations:Cost of car = $15,000
Down payment = $3,000
Car loan = $12,000 ($15,000 - $3,000)
APR = 5%
Loan period = 5 years
Interest for one year (first year) = $600 ($12,000 x 5%)
Thus, the interest for the first year is $600.
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An investment firm provides its customers mobile applications that significantly simplify traditional investing activities. For example, a customer can purchase a stock by utilizing their phone or tablet. This unique service demonstrates the firm’s desire to practice which of Porter’s strategies?
The Differentiation strategy is used by the investment firm in standing out in the industry.
What is Michael Porter strategy?A strategy is defined by Porter as a competitive position that is deliberately chosen as a different set of activities to deliver a unique mix of value.
The Generic Strategies model of Michael Porter includes:
Cost LeadershipDifferentiationFocus.These strategy are important because they provide an options for organizations to gain competitive advantage.
In conclusion, the Differentiation strategy is used by the investment firm in standing out in the industry.
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Every day, your boss participates in a conference call from 1:00 PM to 2:00 PM. You know this, and today, instead of returning from lunch at 1:00, you decide to extend your lunch until 1:45. This is an example of
An example of Shirkingis when an employee decide to extend their lunch until 1:45 instead of 1:00 becaujse of his boss participation in a conference call.
What is called Shirking?A shirk essentially means the act of avoiding or getting out of doing something that should be done.
Hence, when an employee decide to extend their lunch until 1:45 instead of 1:00 because of his boss participation in a conference call is an example of Shirking because he need to help his boss.
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Describe the major e-commerce activities and processes and the mechanisms that support them.
The main activities and processes of e-commerce involve the activities of buying and selling a product or service traded over the internet.
What are the mechanisms of the marketplace?These are the types of interactions between sellers and buyers and e-marketplaces. The main ones are:
Business to Business (B2B) are business transactions between companies.Business to Consumer (B2C) is the most common, between business and consumer.Consumer to Consumer (C2C), commerce between consumers.Therefore, through the marketplace, the e-ccomerce in their different configurations, attracts specific audiences with greater speed and reach, enabling greater negotiations and positioning.
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Camile owns Crunch Code, a company that provides quick programming solutions. Clients send Crunch projects via their web page and Crunch bangs out the needed code as quickly as possible. Camile has five programmers who do all of the coding. On average, a project arrives once every 4.1 hours, with a standard deviation of 4.2 hours. Each project is assigned to one programmer and that programmer takes on average 18.6 hours to complete each project with a standard deviation of 18.6 hours.
Required:
How many uncompleted projects does Crunch Code have in the system on average at any given time?
The average number of uncompleted projects at any given time is equal to 11.955.
Given the following data:
Number of programmers, m = 5.Interarrival time, a = 4.1 hours.Standard deviation of interarrival time = 4.2 hours.Processing time, p = 18.6 hours.Standard deviation of processing time = 18.6 hours.How to calculate the average number of uncompleted projects.First of all, we would determine the squared coefficient of variation (SCV) of both the interarrival time and processing time as follows;
For interarrival time:
[tex]SCV = (\frac{\alpha _a}{a} )^2\\\\SCV = (\frac{4.2}{4.1} )^2\\\\SCV = (1.024 )^2\\\\[/tex]
SCV = 1.05.
For processing time:
[tex]SCV = (\frac{18.6}{18.6} )^2\\\\SCV = (1.0 )^2\\\\[/tex]
SCV = 1.0.
For utilization:
[tex]U=\frac{p}{ma} \\\\U=\frac{18.6}{5 \times 4.1}[/tex]
U = 0.907.
Next, we would determine the average number of projects that are waiting for a programmer by using this formula:
[tex]T_q=\frac{p}{m} \times \frac{u^{\sqrt{(2(m+1))-1}} }{1-u} \times\frac{C_a^2 + C_p^2}{2} \\\\T_q=\frac{18.6}{5} \times \frac{0.907^{\sqrt{(2(5+1))-1}} }{1-0.907} \times \frac{1.05^2 +1.0^2}{2} \\\\T_q=3.72 \times 7.7785\times 1.05125\\\\T_q=30.42[/tex]
The number of projects that are being programmed is given by:
[tex]I_p =mu\\\\I_p=5 \times 0.907\\\\I_p=4.535[/tex]
The number of customers that are waiting to be serviced is given by:
[tex]I_q=\frac{T_q}{a} \\\\I_q=\frac{30.42}{4.1} \\\\I_q=7.42[/tex]
Now, we can determine the average number of uncompleted projects at any given time as follows:
[tex]I=I_q+I_p\\\\I=7.42+4.535[/tex]
I = 11.955.
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Which program populates the fields that are used for a mail merge?
A) Access
B) Outlook
C) PowerPoint
D) Word
Answer: its ACCESS
Explanation: just do it
Assume that during May, a company sold a product for $160,000 that includes a 36-month warranty. Historically, the average cost of repairs over the warranty period is 7% of the sales price. The entry to record the estimated product warranty expense would include a __________ to __________ for $11,200.
a. debit; Product Warranty Expense
b. credit; Cash
c. debit; Product Warranty Payable
d. credit; Product Warranty Expense
A strength of Enterprise's Generation X managers is likely to be their _____
Answer:
A strength of Generation X managers is likely to be their ability to provide feedback to employees
Explanation:
mark me brainliest!!
Liana Amiri (single with no dependents) has the following transactions in 2021: AGI (exclusive of capital gains and losses) $540,000 Long-term capital gain 22,000 Long-term capital loss (8,000) Short-term capital gain 19,000 Short-term capital loss (23,000) Question Content Area a. What is Liana's net capital gain or loss
In this situation where Liana Amiri, who is single with no dependents, carried out the stated capital transactions in 2021, her net capital gain or loss is $0.
What is capital gain or loss?The capital gain or loss is the difference between the selling price and the cost or purchase price of an investment or property.
When the selling price is more than the cost, a capital gain arises. When the cost is more than the selling price, a capital loss arises.
Data and Calculations?AGI (exclusive of capital gains and losses) $540,000
Long-term capital gain $22,000
Long-term capital loss (8,000)
Net long-term capital gain = $4,000
Short-term capital gain $19,000
Short-term capital loss (23,000)
Net short-term capital loss $4,000
Thus, Liana Amiri's net capital gain or loss is $0 ($4,000 - $4,000).
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The adjusting entry to record accrued vacation at year-end would include a __________ to __________.
a. debit; Vacation Pay Expense
b. credit; Cash
c. debit; Vacation Pay Payable
d. credit; Vacation Pay Expense
The variance analysis cycle ______. Multiple choice question. begins with the preparation of the budget includes the investigation of all variances begins with the preparation of performance reports is used to assign blame for poor performance
The variance analysis cycle C. begins with the preparation of performance reports.
What is a performance report?A performance report is at the heart of the variance analysis cycle.
The performance report details the following:
Calculates the difference between actual and budgeted expenditure and revenue.Analyzes the differences into various variances, determining if they are favorable or unfavorable or have no effects.Investigates the reasons for the differences.Puts the information together and reports to management.Thus, the variance analysis cycle C. begins with the preparation of performance reports.
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What are the ethical considerations in this case
Which of the following are considered "free money" when it comes to
financing higher education?
Loans
Work-study programs
Military programs
Scholarships and grants
The option that can be considered free money when it comes to financing higher education is: Scholarships and grants.
What are grants?Grant is a monetary fund given by a public entity or a charitable foundation or a specialized grant making institution to an individual for a specific purpose.
Grants and scholarship does not need to be paid back by individuals. Therefore it can be considered free money when it comes to financing higher education.
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Which of the following is considered a construction craft?
A: Architect
B: Drafter
C: Bricklayer
Answer:
Bricklayer
Explanation:
This is because with Bricklayer, you are doing physical work, physical construction, which happens to be laying bricks.
Question Number 4) A tool The Weather Channel uses to tell them what are the key elements of the role and what is the compensation for the role is a(n) ________.
Answer:
I believe is the correct answer
Explanation:
weather indicator(s)
Question 9 of 10
Why are facts called the "building blocks of legal decisions"?
O A. Because so much time is used to determine whether the facts
presented are accurate or not
B. Because facts form the foundation that judges use to reach their
conclusions
O C. Because facts are written in a way that makes them easy to
identify
D. Because facts tell judges and juries what most people believe is
true
Answer:
B. Because facts form the foundation that judges use to reach their conclusions
Explanation:
I hope this helps, I just got it right.
Two companies are having a dispute over a broken real estate
contract. They argue the dispute in front of a neutral third
party, who makes a ruling in favor of one side. This is an
example of _____
O A. mediation
B. negotiation
C. arbitration
D. conciliation
Answer:
C. Arbitration
Explanation:
It heans to have an independent unbiased person settle a dispute
The two companies have a dispute over a broken real estate contract. They argue the dispute in front of a neutral third party, who makes a ruling in favor of one side. This is an example of arbitration. Thus option (C) is correct.
What is arbitration?Arbitration is a method of dispute resolution in which parties to a dispute agree to have their case heard and decided by one or more independent arbitrators, rather than by a court of law.
In arbitration, the arbitrators listen to evidence presented by both sides and make a binding decision based on the facts and the applicable law. Arbitration can be used to resolve a wide range of disputes, including commercial disputes between businesses, disputes between employers and employees, and disputes between individuals.
When the dispute of two companies is resolved by neutral third party is an example of arbitration. Therefore, option (C) is correct.
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#SPJ7
inappropriate parenting styles
Answer:
im sorry im confused i cant help until you tell me what your trying to ask
Explanation:
Please review the screenshots
1 - 3) The computation of the cost of goods sold, ending inventory, sales revenue, and gross profits under each inventory costing method for Rosenberg Incorporated is as follows:
FIFO LIFO Weighted Average
Cost of goods sold $2,111 $2,004 $2,053
($2,699 - $588) ($2,699 - $695) (89 x $23.0684)
Ending inventory $588 $695 $646
($21 x 28) ($575 + $24 x 5) (28 x $23.0684)
Sales Revenue $2,937 ($33 x 89) $2,937 $2,937
Gross profits $826 $933 $884
4) The determination of the method that results in higher profitability when inventory costs are declining is as follows:
When inventory costs are declining, the LIFO method results in higher profitability with a gross profit of $933, which is higher than the weighted average method's $884 and the FIFO method's $826.
The higher profitability results from the lower cost of goods sold with declining inventory costs used to assign costs to the cost of goods sold.
Data and Calculations:Date Transactions Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 23 $25 $575
Mar. 4 Purchase 28 $24 672
Jun. 9 Purchase 33 $23 759
Nov. 11 Purchase 33 $21 693
Total 117 $2,699
Sales -89
Ending inventory 28 (117 - 89)
Average cost per unit = $23.0684 ($2,699/117)
Cost of goods available for sale = $2,699
Cost of goods sold = Cost of goods available for sale - Ending Inventory
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Which of the following would not be reported as current liabilities on the balance sheet?
a. Accruals
b. Accounts payable
c. Notes payable
d. Accounts Receivable
A new accountant mistakenly classified some capital expenditures as revenue expenditures. What is the outcome of this error
Answer:
the company will understate assets and understate net income
Explanation:
Below is annual stock return data on Hollenbeck Corp and Luzzi Edit, Inc.
Year
Hollenbeck
Luzzi Edit
1
7%
-3%
N
20%
0%
2 3
-7%
20%
4
5%
7%
(a)
What is the average return and standard deviation for each stock? (Round answers to 2 decimal places, eg. 52.75.)
The average return of the Hollenbeck stock is 4%.
The average return of the Luzzi Edit stock is 6%
The standard deviation of the Hollenbeck stock is 19.67%.
The standard deviation of the Luzzi Edit stock is 17.72%.
What is the average return of the stocks?The average return can be determined by adding the returns together and dividing it by the number of years.
The average return of the Hollenbeck stock = (7 + 20 - 7 + 5) / 4 = 4%
The average return of the Luzzi stock = (-3 + 20 + 7) = 6%
What is the standard deviation of the stocks?Standard deviation is used to determine how the values in a group differs from the mean of the values in the group. It is a measure of variation.
The standard deviation of the Hollenbeck stock = √(4 - 7)² + (20 - 4)² + (-7 -4)² + (5 - 4)² = 19.67%
The standard deviation of the Luzzi Edit stock = √(-3 -6)² + (20 - 6)² + (7 - 6)² + (0 - 6)² = 17.72%
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practice
20.2 Special Orders
Harvest, Inc. has received a special order for 3,000 boxes of crystal glassware for $30 per box. Harvest's variable costs per box are
$24, fixed costs per box are an additional $10 per box, and the normal selling price is $70 per box. Harvest has sufficient capacity to
produce the glassware. Harvest will incur special shipping costs of $2 per box for this special order. If the order is accepted, what will
be the effect on net income?
O $90,000 increase
$12,000 increase
O $18,000 decrease
O $12,000 decrease
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If the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.
What is break-even analysis?Break-even analysis is an accounting technique to ensure that a company does not incur losses from its transactions.
Using the technique, a corporation ensures that the total costs are at least equal to the total revenue or the contribution margin is sufficient to cover the fixed costs, which are not variable within a relevant range.
The technique is based on the concepts of contribution margin and variable costing.
Data and Calculations:Special order units = 3,000 boxes
Price per box for special order = $30
Variable costs per box = $24
Special shipping costs per box for the special order = $2
Contribution margin per box = $4 ($30 - $24 - $2)
Total Contribution Margin = $12,000 ($4 x 3,000)
Fixed costs = $30,000 ($10 x 3,000)
Normall selling price per box = $70
Thus, if the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.
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