1. Gary received $500 for medical expenses and $250 for emotional distress from his insurance after a car accident.
2. The WSJ paid Sara $20,000 in damages for harming her reputation in a published story.
3. Paul received $800 in unemployment benefits after being laid off from his job.
1. In the car accident, Gary sustained injuries, and his insurance company provided him with compensation. He received $500 to cover his medical expenses, which were directly related to the accident. Additionally, Gary received an additional $250 as reimbursement for the emotional distress he experienced due to the incident.
2. The Wall Street Journal faced a lawsuit from Sara after publishing a story that damaged her reputation. The court ruled against the WSJ, determining that they were responsible for the harm caused. As a result, the WSJ was ordered to pay Sara $20,000 in damages as compensation for the negative impact on her reputation.
3. Paul recently lost his job and was laid off. As a result, he became eligible for unemployment benefits. In the current month, Paul received $800 in unemployment benefits, which served as financial support during his period of joblessness. These benefits are intended to provide temporary assistance to individuals who are unemployed and actively seeking employment.
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Which statement about your credit utilization ratio is TRUE?
Utilization is the amount you owe divided by your total credit limit and a higher utilization is better
Utilization is the number of purchases with credit divided by your total number of purchases and a
higher utilization is better
Utilization is the number of purchases with credit divided by your total number of purchases and a
lower utilization is better
Utilization is the amount you owe divided by your total credit limit and a lower utilization is better
Rewatch
The amount the revolving credit you are currently utilizing divided by the entire amount of revolving credit that have available is your credit usage rate, also known as your credit utilization ratio.
How much of your credit are you using?Your utilization rate ratio, which is typically stated as a percentage, is calculated by dividing the amount of credit lines you are now utilizing by the total amount of credit you have access to.Your credit usage ratio is one factor that lenders look at to assess how well you're handling your present debt.
Is credit usage determined by the statement?No, despite the fact that this is a typical misconception.Based on how much of your available credit you used during the billing cycle, that number is your credit usage ratio.
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Sherman, inc. Manufactures chainsaws that sell for $58. Each chainsaw uses $10 in direct materials and $3 in direct labor per unit. Sherman has two activities: machining, which is applied at the rate of $2 per machine hour, and finishing, which is applied at the rate of $20 per batch. This month, sherman made 200 chainsaws, using 1,000 machine hours in 40 batches. What is the gross profit for one chainsaw?
The correct option is B, This month, sherman made 200 chainsaws, using 1,000 machine hours in 40 batches. The gross profit for one chainsaw is $27.
Direct material ( per unit ) = $ 10
Direct labour. ( Per unit ) = $ 3
Therefore manufacturing cost s = 40 batches * $ 20 + 1000 * $ 2 + $ 10* 200 + $ 3 * 200
= 5400
Per unit cost = 5400/200
= $27
Gross profit is the difference between the revenue generated from sales and the cost of goods sold (COGS). It represents the money a company earns before subtracting operating expenses, interest, taxes, and other costs. Gross profit is a key financial metric that indicates the efficiency of a company's production and pricing strategy.
Gross profit is an important metric for businesses because it provides insight into the profitability of their operations. A high gross profit margin indicates that a company is able to produce and sell goods at a cost that is significantly lower than their selling price, which is a positive sign of financial health. Conversely, a low gross profit margin suggests that a company may need to adjust its pricing or cost structure to remain competitive in the market.
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Complete Question:-
Sherman, inc. Manufactures chainsaws that sell for $58. Each chainsaw uses $10 in direct materials and $3 in direct labor per unit. Sherman has two activities: machining, which is applied at the rate of $2 per machine hour, and finishing, which is applied at the rate of $20 per batch. This month, sherman made 200 chainsaws, using 1,000 machine hours in 40 batches. What is the gross profit for one chainsaw?
a. $13
b. $27
c. $30
d. $14
Risk can be thought of as the possibility of incurring??
Answer:
Risk can be thought of as the possibility of incurring a loss.
Explanation:
Loss.
Carmen was interviewed for a job in marketing. during the interview, she was asked about her internships and college coursework. are the questions lawful
The questions are lawful. This is because the interviewer wants to know the experience that has been undertaken during the internship and apprenticeship.
An interview generally can be defined as a structured conversation where the other participant provides answers and also one participant asks questions. The word "interview" In common parlance refers to a one-on-one conversation between an interviewee and an interviewer. An interview usually used to get an offer of a job. There are several questions that mostly used in interview to get a job, such as:
What you have to offer (your skills, abilities, basic knowledge).Who you are (your personality, character, interests).Why you should be hired (you have what they are seeking).Here you can learn more about interview https://brainly.com/question/15128068
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Look at ∆ABC and the definitions of sin A and cos A in terms of the side lengths of the triangle. Based on the definitions of sine and cosine, explain what you have observed in the previous parts of this activity. Use equations to support your explanation.
Answer:
The leg opposite ∠A is the leg that is adjacent to ∠B, and the leg adjacent to ∠A is the leg that is opposite ∠B. So by the definition of the two trigonometric ratios:
sin A=cos B
cos A=sin B
Hope I helped!
Answer:
Sample answer for Edmentum and Plato
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what does the abbreviation of CD stand for. (this is financial i put it under business because it is the closest thing to financial literacy)
A. certificate of disposal
B.certificate of interest
C.credit of deferral
D.certificate of deposit
Answer:
D) certificate of deposit.
Explanation:
Customers who appreciate the need satisfaction selling method are often willing to spend considerable time in preliminary meetings to define needs prior to a sales presentation or written sales proposal. True False
Answer:
True
Explanation:
a technological breakthrough in the computer industry will a technological breakthrough in the computer industry will increase the demand for computers. decrease the quantity demanded of computers. decrease the quantity supplied of computers. increase the quantity supplied of computers. increase the supply of computers.
A technological breakthrough in the computer industry will increase the supply of computers.
How does Technological breakthroughs in the computer industry can effect?Technological breakthroughs can lead to improvements in the efficiency and productivity of computer manufacturing processes, resulting in lower costs and higher output. This, in turn, leads to an increase in the supply of computers in the market.
Increased supply often results in lower prices, which can then stimulate demand for computers. Therefore, a technological breakthrough in the computer industry can ultimately lead to an increase in demand for computers as well. However, initially, the primary effect is an increase in the supply of computers.
Therefore, of the options provided in the question, the correct answer is "increase the supply of computers."
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Answer: A technological breakthrough in the computer industry will increase the supply of computers.
Explanation:
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Assume the following:
You buy some equipment today for $100 to produce and sell balloons. you invest $25 in working capital today to support your sales efforts.The business produces after tax cash flow of $30 per year for 5 years. All cash flows occur on the last day of the year. You close the business at the end of 5 years and sell the equipment for $50 (it had been depreciated to $20; your tax rate is 33.33%) You liquidate the working capital at the end of the first year as well. Assume a 10% discount rate
Is this a good project? What is the present value of all of the combined cash flows?
A. No. negative $10
B. Yes. $25
C. yes. $14
D. yes. $29
E. Yes. $35
To determine if this is a good project, we will calculate the present value of all combined cash flows using a 10% discount rate.
Here are the steps:
1. Calculate the after-tax cash flow from selling the equipment at the end of 5 years:
Equipment Sale Proceeds: $50
Depreciated Value: $20
Taxable Gain: $50 - $20 = $30
Taxes on Gain: $30 * 33.33% = $10
After-tax Cash Flow from Sale: $50 - $10 = $40
2. Calculate the present value of each cash flow using the rate:
10% discount
Year 1: $30 / (1+0.1)^1 = $27.27 (liquidation of working capital is not considered as it's offset by the initial investment)
Year 2: $30 / (1+0.1)^2 = $24.79
Year 3: $30 / (1+0.1)^3 = $22.54
Year 4: $30 / (1+0.1)^4 = $20.49
Year 5: ($30 + $40) / (1+0.1)^5 = $50.97
3. Calculate the total present value of all combined cash flows:
$27.27 + $24.79 + $22.54 + $20.49 + $50.97 = $146.06
4. Subtract the initial investment in equipment and working capital:
$146.06 - $100 (equipment) - $25 (working capital) = $21
Since the Net Present Value is positive ($21), this is a good project.
The closest answer choice is B. Yes, $25.
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smart manufacturing is achieved by instituting employee surveillance and monitoring.
For a manufacturing process to be smart instituting employee surveillance and monitoring is very important.
What is Smart Manufacturing?Smart Manufacturing also called CAD/CAM, computer aided design and computer aided manufacturing involves the integration of computer in the production of goods and services.
In recent times the concept of internet of things is being added to smart manufacturing for data collection
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single order quantity inventory problem or newsboy problem:a hotel near the university always fills up on the evening before football games. history has shown that when the hotel is fully booked, the number of last-minute cancellations has a mean of 5 and standard deviation of 3. the average room rate is $80. when the hotel is overbooked, the policy is to find a room in a nearby hotel and to pay for the room for the customer. this usually costs the hotel approximately $200 since rooms booked on such late notice are expensive. how many rooms should the hotel overbook ?
The hotel cannot overbook a fractional number of rooms, the hotel should overbook 11 rooms to maximize their profit.
P(cancellation > x) = P(Z > (x - μ) / σ)
Profit = Revenue - Cost
Revenue = x * $80 (assuming all overbooked rooms are sold)
Cost = P(cancellation > x) * $200
Therefore, the hotel's expected profit can be expressed as:
Expected Profit = x * $80 - P(Z > (x - μ) / σ) * $200
d(Expected Profit) / dx = $80 - $200 * φ((x - μ) / σ) * (1 / σ) = 0
where φ is the standard normal probability density function. Solving for gives:
x = μ + σ * z
z = 1.645
Therefore, the optimal number of rooms to overbook is:
x = 5 + 3 * 1.645 ≈ 10.9
Revenue is the total amount of money a business earns through its operations, sales, and other sources of income during a specific period, usually a fiscal year. It is often referred to as the top line of a company's financial statement, which includes all the money received by the business before any deductions, such as expenses or taxes.
Revenue is a critical metric for businesses as it indicates the company's ability to generate income and is used to calculate important financial ratios like profit margins and earnings per share. A company's revenue can come from various sources, including the sale of goods or services, rental income, interest income, and capital gains.
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The Tipton office building has just been purchased for $6,600,000. In the next year, potential gross income (PGI) is expected to be $950,000; vacancy and collection losses 10% of PGI; operating expenses 40% of effective gross income (EGI); and capital expenditures 4% of EGI. What is the implied going-in cap rate based on appraiser/nominal NOI
The implied going-in cap rate based on appraiser/nominal NOI is approximately 7.77%.
To calculate the implied going-in cap rate based on appraiser/nominal NOI, we need to determine the net operating income (NOI) first.
Start by subtracting the vacancy and collection losses from the potential gross income (PGI). In this case, the vacancy and collection losses amount to 10% of PGI, which is $950,000 * 0.10 = $95,000.
Next, calculate the effective gross income (EGI) by subtracting the vacancy and collection losses from the PGI. In this case, the EGI is $950,000 - $95,000 = $855,000.
Calculate the operating expenses by multiplying the EGI by the operating expenses percentage. In this case, the operating expenses amount to 40% of the EGI, which is $855,000 * 0.40 = $342,000.
Calculate the net operating income (NOI) by subtracting the operating expenses from the EGI. In this case, the NOI is $855,000 - $342,000 = $513,000.
Finally, divide the NOI by the purchase price of the building to find the implied going-in cap rate. In this case, the cap rate is $513,000 / $6,600,000 ≈ 0.0777 or 7.77%.
Therefore, the implied going-in cap rate based on appraiser/nominal NOI is approximately 7.77%.
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Federal Reserve Bank board members are staggered, non-renewable, 14 year appointments. How does this impact the operation of monetary policy with regard to Congress and the president
The staggered, non-renewable, 14-year appointments of Federal Reserve Bank board members have a significant impact on the operation of monetary policy with regard to Congress and the president.
Firstly, the long terms of board members mean that they are not influenced by short-term political pressures or changes in the administration. This allows the Federal Reserve to make decisions based on economic factors rather than political considerations.
Secondly, the staggered appointments mean that board members do not all change at the same time. This ensures a continuity of policy and institutional memory, as new board members are brought on gradually, while experienced members continue to serve.
However, this independence also creates a tension between the Federal Reserve and Congress and the president, as they may have different policy goals.
Congress and the president may want to prioritize short-term economic goals, such as low unemployment and high economic growth, while the Federal Reserve may prioritize long-term goals, such as price stability and financial stability. This can lead to disagreements and conflicts between the Federal Reserve and the other branches of government.
In summary, the staggered, non-renewable, 14-year appointments of Federal Reserve Bank board members help to maintain the independence and stability of the monetary system, but can also create tensions with Congress and the president when they have differing policy goals.
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Which statements apply to a certificate of deposit (CD)? Check all that apply. It is always purchased as a short-term investment. It can be purchased from a banking institution. It is always purchased as a long-term investment. It can be purchased for almost any amount. It is purchased through an individual's employer.
The statements that apply to a certificate of deposit include;
It can be purchased from a banking institution. It can be purchased for almost any amount.A certificate of deposit is a low-risk investment where the depositor fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued. Banks and credit unions are the main financial institutions known for issuing certificates of deposits. It is quite similar to opening a bank account.
The flexibility obtainable from this investment plan allows depositors to fix amounts that are commensurate to their budgets. However, some financial institutions have minimum amounts that are required for certificates of deposit. Different institutions have varying interest rates, therefore, it is necessary to make proper research before opting for an institution.
Summarily, the statements that apply to a certificate of deposit are;
It can be purchased from a banking institution. It can be purchased for almost any amount.Learn more about certificates of deposits here:
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Answer:
-It can be purchased from a banking institution.
- It can be purchased for almost any amount.
Explanation: just took the test
Which of the following is true of sport sponsorship? Choose all that apply. A. sponsorship is a form of financial support to an event or telecast in exchange for public recognition (at times other than just during a commercial). B. Sponsorships are sold exclusively by the event organizer C. Sponsors with naming rights to an event are known as "title sponsors;" there are also "presenting sponsors" who do not have naming rights D. Networks can insist that the sponsor purchase advertising in the telecast as a condition of referring to the sponsor on the air
A. sponsorship is a form of financial support to an event or telecast in exchange for public recognition (at times other than just during a commercial). C. Sponsors with naming rights to an event are known as "title sponsors;" there are also "presenting sponsors" who do not have naming rights. D. Networks can insist that the sponsor purchase advertising in the telecast as a condition of referring to the sponsor on the air.
A. Sponsorship is a form of financial support to an event or telecast in exchange for public recognition (at times other than just during a commercial). C. Sponsors with naming rights to an event are known as "title sponsors;" there are also "presenting sponsors" who do not have naming rights. D. Networks can insist that the sponsor purchase advertising in the telecast as a condition of referring to the sponsor on the air.
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Which important aspect of goal setting helps you keep an eye on the big picture and is useful for giving yourself feedback?.
The important aspect of goal setting that helps to keep attention on the big picture while being useful for feedback purposes is B. behavioral objectives.
What is a behavioral objective?
A behavioral objective is a learning outcome that details the learner's experience in measurable terms and forms the learning and performance evaluation basis.
Answer Options:A. teaming objectives
B. behavioral objectives
C. tactical planning
D. deadlines
Thus, the important aspect of goal setting is not teaming objectives, tactical planning, or deadlines but behavioral objectives.
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in a consumption-oriented society, such as that of the united states, the core value of often means the acceptance of change, new products, or services designed to fulfill unsatisfied needs. question 5 options: a) material comfort b) progress c) achievement and success d) freedom e) activity
The opition b is correct. In a consumption-oriented society like the United States, the core value of progress often means the acceptance of change, new products, or services designed to fulfill unsatisfied needs.
Progress in this context refers to the continuous improvement and advancement of technology, innovation, and consumer goods.
It emphasizes the idea of moving forward and embracing new ideas and developments.
This core value encourages individuals to seek out and adopt new products and services that enhance their material comfort, achieve their goals, and contribute to their overall achievement and success.
It also promotes the freedom to explore and engage in various activities that can further enhance their lifestyles and well-being.
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Pangalan ng Tao Nagawa Resulta
Answer:
Po? ndi kopo maintindihan yung question
Rent is an example of a(n) _____.
a. fixed cost
b. opportunity cost
c. variable cost
d. none of the above
HURRY PLZZZZ FIRST ANSWER GETS BRAINLIEST
Answer:
a. fixed cost
Explanation:
Rent is always negotiated and stated in the tenancy or lease agreement. The lease or tenancy agreement is reviewed either annually or after every two years. The rent amounts remain the same until the time a tenancy agreement is reviewed.
Fixed costs are the business expenses that remain the same throughout the financial period. A business has to incur fixed costs as long as the business is operational. The level of business activity or output does not affect fixed costs. Rent is a good example of fixed costs. A business has the pay the same amount of rent regardless of its production level.
Answer:
A
Explanation:
I just finished the test
The triple bottom line "people/social" and it's relationship with social responsibility
Answer:
TBL was proposed by Elkington. But there is difficulty in measuring social and environmental bottom line.
Explanation:
Triple bottom Line (TBL) in economics is the line that focus on the relationship on social and environmental concern. In TBL there are three bottom line that is people, profit, and planet. This term Triple Bottom Line was coined by John Elkington in 1994.
His main aim was to measure the performance of people in America. According to this idea it is possible to maintain both economy and environment. It can improve the lives of people as well can save the environment. It can be called a full time cost business. It is like Planet + People = Environmental responsibility + Social.
According to TBL if a company does not pay attention on how to interact socially but only focuses on business, it will not account full business.
The triple bottom line is a concept that states that rather than firms to focus on making profit as sole of operation, they should also commit their impact to the social and environment sphere.
The triple bottom line is divided into 3 according to importance to be given:
People / Social impactPlanet / Environmental impactProfit / Financial impact.In conclusion, the business concept posit that firms should ensures that its impact are felt in any social and environmental circle around the world.
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what is meant by business objectives
Answer:
Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
Answer:
Business objectives are something that a business organization wants to achieve or accomplish over a specified period of time.
Explanation:
These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
South Korea's growth has resulted from an economic system described as:A)communismB)laissez-faire capitalismC)globalizationD)state capitalismE)socialism.
South Korea's growth has resulted from an economic system described as D) state capitalism.
South Korea's economic system can be characterized as state capitalism. State capitalism refers to an economic system in which the state plays a significant role in the economy by owning and controlling key industries and businesses.
In South Korea, the government has actively intervened in the economy, implementing policies that promote industrialization, export-oriented growth, and strategic investments. The state has played a crucial role in guiding and supporting specific industries, providing subsidies, infrastructure development, and other forms of support.
This approach has allowed the government to steer economic development and foster rapid growth in sectors such as manufacturing, technology, and exports. Therefore, option D, state capitalism, accurately describes the economic system that has contributed to South Korea's growth.
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
Most customer complaints result from the all of the following except
A. Deceptive pricing.
B. Defective products.
C. Long product lives.
D. Low-quality products.
E. Unexpected costs.
Most customer complaints result from the all of the following except Long product lives. (option c).
Customer complaints are expressions of dissatisfaction from consumers about a product or service they have received. They can range from issues with product quality to problems with customer service.
Now, let's talk about the options provided in the question. The question asks which option does not result in most customer complaints. Therefore, we need to eliminate the options that do result in customer complaints and determine which one does not.
The only option that does not result in most customer complaints is "long product lives." Long product lives do not necessarily result in complaints, as customers may appreciate the durability and longevity of a product. However, if a product does not perform as well as expected during its long life, customers may still file complaints.
So, the correct option is (c).
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Rural or countryside destinations are those in mare remote + less dently populated Example: Fjords of Norway.
Example: Calangute in Goa, India
Coastal destinations are located on the coast
Island destinations attract visitors with their exotic images
MEDC:
LEDC:
Reasons Why People Travel
Leisure
Business
Key Concept: By adapting to the specific
and tourism industry can definitely be described as
example:
example:
example:
and
(VFR) or
of customer, the travel
Rural or nation-state locations are the ones in mare far off + much less densely populated via evaluation Very faraway Rural areas include three percent of the populace, however cowl nearly 1/2 of the land place.
A rural area is an open swath of land that has few homes or different buildings, and now not very many people. A rural region's populace density may be very low. Many humans live in a town or urban area. Their homes and companies are placed very close to one another.
In keeping with the modern delineation, released in 2012 and primarily based on the 2010 decennial census, rural areas include open USA and settlements with fewer than 2,500 residents. urban regions comprise larger places and densely settled areas around them. urban regions do not necessarily observe municipal limitations.
A rural area is an open swath of land that has few homes or different buildings, and not very many human beings. A rural area's populace density is very low. Many people stay in a metropolis or urban vicinity. Their houses and corporations are placed very near each other.
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Read the graph.
A graph titled Renewable Energy Consumption by Source from 1949 to 2011 shows years on the x-axis, from 1950 to 2011, and Quadrillion B t u on the y-axis, from 0 to 4. The graph shows the usage for hydroelectric power, wood, biofuels, wind, and other. Hydroelectric power has the highest usage, and wind has the lowest usage.
Which power source has been least consumed?
wood
wind
biofuel
hydroelectric
Mark this and return
Based on the graph titled Renewable Energy Consumption, we can deduced that Wind energy is the power source which has been least consumed. The Option B is correct.
How is Wind energy an efficient power source?Wind energy is a renewable energy source. It is non-polluting, infinite, and reduces the use of fossil fuels, which are the source of greenhouse gases that cause global warming.
Furthermore, wind energy is a "native" energy because it is available almost everywhere on the plant, which helps to reduce energy imports while also creating wealth and local employment. For these reasons, wind energy production and efficient use contribute to sustainable development.
For a wind turbine to be 100% efficient, all of the energy available in the wind would be converted into electricity. That is, all the energy in the wind would be transformed and the air would stop moving and this is not possible in practice because a rotor only spins if the wind passes over the blades.
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outline 2 advantages to H&H of using secondary market research
Donna is thinking about buying a house that costs $250,000. If she puts down $50,000 and is able to get a 5 percent
mortgage, she wants an estimate of her total monthly housing expenses. The average annual cost
for owning a house is 4.09 percent of the value of the house. If we do not include the opportunity cost of the down
payment, amortization on the loan or any tax benefits from homeownership, what will be her monthly cost the first
month?
Answer:
$1,685.41
Explanation:
we need to calculate:
monthly interest payment on the mortgage for the first monthmonthly cost of owning a housemonthly interest payment on the mortgage for the first month = $200,000 x 5% x 1/12 = $833.33
monthly cost of owning a house = $250,000 x 4.09% x 1/12 = $852.08
total monthly cost = $833.33 + $852.08 = $1,685.41
What do you mean by price control?
Answer: Price control is an economic policy used by the government to stabilize the economy.
Explanation: There are various methods of price control used like floor pricing, imposing taxes, monetary policies, etc
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