Carlin: has been renting a two-bedroom apartment with her husband and 3 kids; wants to move into a three-bedroom home instead took her five years, but she has saved $20,000 for a down payment homes in her small town are typically selling for $75,000 to $95,000 is preapproved for a 3.89% interest rate on a 30-year fixed mortgage needs her monthly payment to be less than $300
Answers
Down payment: Carlin has saved $20,000 for a down payment. To determine the maximum price of a home she can afford, we need to consider the down payment percentage. A typical down payment is around 20% of the home price.
So, Carlin's down payment is around 20% of the maximum home price she can afford. Let's assume she wants to put down $20,000, which is 20% of the home price.
20% of home price = $20,000
Home price = $100,000
So, Carlin can afford a home up to $100,000 with a $20,000 down payment.
Mortgage: Carlin is preapproved for a 3.89% interest rate on a 30-year fixed mortgage. To calculate her monthly payment, we can use a mortgage calculator. Assuming she finances $80,000 (i.e., $100,000 - $20,000), her monthly payment would be:
Monthly payment = $376.80
This exceeds her budget of $300 per month. To lower her monthly payment, she could consider:
Saving a larger down payment: The larger the down payment, the lower the mortgage amount and monthly payment. If Carlin saves more than $20,000 for a down payment, she can afford a more expensive home while keeping her monthly payment under $300.
Looking for a lower-priced home: Homes in her small town are typically selling for $75,000 to $95,000. If she looks for a home closer to $75,000, her monthly payment would be around $282.68 (assuming a $15,000 down payment). This would fit her budget of $300 per month.
In summary, Carlin can afford a home up to $100,000 with her $20,000 down payment, but her monthly payment would be $376.80. To lower her monthly payment to $300, she could save a larger down payment or look for a lower-priced home.
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Related Questions
at period end, bradon company estimates that $1,200 of its accounts receivable balance is uncollectible. bradon uses the allowance method to account for bad debts. the entry to record this adjusting entry would include a (debit/credit) to allowance for doubtful accounts.
Answers
At period end, Bradon Company estimates that $1,200 of its accounts receivable balance is uncollectible. Bradon uses the allowance method to account for bad debts. The entry to record this adjusting entry would include a debit to the Bad Debt Expense account and a credit to the Allowance for Doubtful Accounts.
Here's a step-by-step explanation:
1. Identify the estimated uncollectible amount: In this case, it is $1,200.
2. Prepare the adjusting entry: To record the estimated uncollectible accounts, you need to debit the Bad Debt Expense account and credit the Allowance for Doubtful Accounts. The entry would look like this:
Bad Debt Expense $1,200
Allowance for Doubtful Accounts $1,200
By doing this, the company acknowledges that some of its receivables may not be collected, and it sets aside the estimated uncollectible amount in the Allowance for Doubtful Accounts. This allows the company to present a more accurate picture of its financial position at the end of the period.
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describe the importance of section officer
Answers
Answer:
Section officer are important to give and take the services , cater the services effectively , distribute work among the staff as evenly as possible , drafts laws , put up notes , prepare summaries , manage the relevant record and data of concerned department, reply to letters , communicate with other departments , maintain order and discipline in the section maintenance, etc
How can a shorter and simpler supply chain reduce economic risks?
Answers
A shorter and simpler supply chain can reduce economic risks in several ways. First, it can help to reduce the likelihood of disruptions or delays in the delivery of goods or services, which can lead to lost sales or increased costs.
This is because shorter supply chains typically involve fewer intermediaries, which can help to minimize the potential for bottlenecks or other issues that can slow down the movement of products.
In addition, a simpler supply chain can also help to reduce the complexity and costs associated with managing and monitoring the various stages of the supply chain.
This can include things like transportation, warehousing, and inventory management, all of which can be streamlined and made more efficient with a shorter and simpler supply chain.
Finally, a shorter and simpler supply chain can also help to improve the transparency and visibility of the supply chain, which can help to reduce the risk of fraud or other types of economic crime.
This is because fewer intermediaries and less complexity can make it easier to track and trace the movement of goods and to identify any issues or discrepancies along the way.
Overall, a shorter and simpler supply chain can help to reduce economic risks by improving efficiency, reducing costs, and enhancing transparency and visibility throughout the supply chain.
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Paradigm shifts are most likely to occur when an industry is characterized by each of the following conditions except
A- Existing technology mature
B- the industry is unaware of the technology
C- it serves too small of a market to affect missing firms profits
Answers
C) It serves too small of a market to affect missing firms' profits.
Paradigm shifts are most likely to occur when an industry is characterized by the following conditions:
A) Existing technology is mature: When the existing technology in an industry has reached a level of maturity, it can create a favorable environment for a paradigm shift. This is because mature technology often faces limitations or inefficiencies that open the door for disruptive innovations or new approaches.
B) The industry is unaware of the technology: Paradigm shifts often emerge from technological advancements or innovations that are initially not recognized or understood by the industry. This lack of awareness allows new ideas or technologies to challenge the established norms and create significant changes.
C) It serves a significant market to affect missing firms' profits: For a paradigm shift to have a transformative impact, it typically needs to address a significant market and have the potential to disrupt existing firms' profits. The market size and potential for disruption are crucial factors that incentivize the industry to adopt new approaches or technologies.
Therefore, the correct answer is C
It serves too small of a market to affect existing firms' profits. If the market served by the industry is too small to impact the profits of existing firms, it is less likely to trigger a paradigm shift. Paradigm shifts often involve significant changes that impact the industry as a whole, and a small market may not have the necessary scale or influence to drive such transformative shifts.
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A non-transaction deposit would include each of the following, except:
a. a savings account.
b. a checking account.
c. a passbook savings account.
d. a certificate of deposit.
Answers
A non-transaction deposit would include each of the following, except: c. a passbook savings account.
Non-transactional deposits: what are they?A deposit made to a non-transaction account is known as a time deposit. This kind of account typically bears interest and has a maturity date. With regard to these types of accounts, withdrawals might be capped. Some savings accounts and CDs may be considered non-transaction accounts.
Non-transaction deposit accounts, such as savings accounts, are those that have restrictions on monthly transfers or impose waiting periods before allowing access to funds. Individual retirement accounts (IRAs) and certificates of deposit (CDs) are two types of non-transaction accounts.
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8) Which example explains how professional training may increase earnings?
A) An employee attends professional training, asks for a one-day transportation reimbursement, and it is added to his pay.
B) An employee neglects to complete an essay for college credit that is offered by a professional training.
C) An employee receives training that increases her capital, allowing her to apply for a higher position, which results in a raise.
D) An employee is recognized for her efforts after a professional training and given a completion certificate.
Answers
C) An employee receives training that increases her capital, allowing her to apply for a higher position, which results in a raise.
Answer: a
Explanation: An employee attends professional training, asks for a one-day transportation reimbursement, and it is added to his pay.
Diversity in the Media 11.1 Unanswered What does Stella Young mean when she says, " people with disabilities aren't your inspiration"? A. That nondisabled people experience people with disabilities as objects of inspiration, which is why the student assumed Stella was a motivational speaker simply because she used a wheelchair for mobility. B. That people see disability as something bad and therefore, by just living your life with a disability, you are seen as something exceptional. C. That the objectification of persons with disabilities is actually for the benefit of nondisabled persons so they can feel better about themselves. D. All of these statements are true.
Answers
The correct answer is: D. All of these statements are true.When Stella Young says, "people with disabilities aren't your inspiration," she is addressing multiple aspects related to the perception.
A. One aspect is that nondisabled people often view people with disabilities as objects of inspiration. This assumption is based on the idea that living with a disability is inherently difficult or tragic, and anyone who manages to live their life despite the employment challenges is seen as exceptional or inspiring.
B. Stella Young also highlights the societal view that disability is seen as something negative or undesirable. By simply living their lives with a disability, individuals are often seen as exceptional or inspiring, simply because they are not conforming to society's expectations of what it means to be "normal."
C. Another aspect is that the objectification of persons with disabilities, treating them as sources of inspiration, is primarily for the benefit of nondisabled people. It allows them to feel better about themselves by witnessing the achievements or resilience of individuals with disabilities, without necessarily addressing the barriers and systemic issues that affect their lives.
Therefore, all of these statements are true in the context of Stella Young's message about not using people with disabilities as objects of inspiration.
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how are you avalon23413?
Answers
Answer:
im great
Explanation:
I’m doing well !! I hope you’re are going good too
Explanation:
Why would finance charges be applied to a customer with a credit card?
• if the customer did not use the car
• if the customer paid the entire bill
• if the customer did not pay off the entire bill
if the customer charged the maximum amount
Answers
Answer:
Finance charges are applied to a customer with a credit card if the customer did not pay off the entire bill. Here are the reasons why:
Credit cards allow customers to borrow money from the credit card company to make purchases.When a customer uses a credit card, they are essentially taking out a loan from the credit card company.The credit card company charges interest on the loan, which is known as a finance charge.If the customer pays off the entire bill by the due date, they will not be charged any finance charges.However, if the customer does not pay off the entire bill, the remaining balance will be subject to finance charges.Finance charges are typically calculated based on the average daily balance of the account over the billing cycle.The finance charges will continue to be applied until the customer pays off the entire balance.Therefore, if the customer did not pay off the entire bill, finance charges will be applied, regardless of whether they used the card, paid the entire bill, or charged the maximum amount.
help me please please
Answers
Answer:
A). compound interest
Explanation:
Hope that helped you :)
Answer:
Simple interest
Explanation:
I believe it's simple interest
Evaluate the benefits and limitations of the change to the operations process being planned by the managing director.
Answers
Answer:
'Change in Operations process, by Managing Director' - Benefits & Risks
Explanation:
'Change in Operations process, by Managing Director' - Benefits
Operations' modernisation, brings new opportunities Operations' critical appraisal & improvisation New operations create Initiative for new innovative ideas'Change in Operations process, by Managing Director' - Limitations
Motivating, training employees for new changed operations might be a challengeEmployees might resist the changes New operations might have other feasibility risk factors.if an external cost is present in a market, economic efficiency may be enhanced by: government intervention. increased competition. weakening property rights. better-informed market participants.
Answers
If an external cost is present in a market, economic efficiency may be enhanced by government intervention, which can help to internalize the external cost by imposing taxes or regulations on the parties responsible for generating it.
Increased competition may also help to mitigate the external cost by creating incentives for producers to innovate and reduce their costs. Weakening property rights is not a viable solution as it may lead to the tragedy of the commons where resources are overused and depleted.
Better-informed market participants may help to reduce the external cost by making more informed decisions, but it is not always sufficient to address the problem on its own. Therefore, government intervention remains a crucial tool in promoting economic efficiency in the presence of external costs.
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Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.
A. Other businesses
B.Employees
C.the government
D.charity organizations
Answers
Answer:
B. Employees
Explanation:
If you were a cosmetologist working in a spa and were 15 minutes late for your first appointment, how would that impact those you work with and the clients of the spa?
Answers
Considering the situation described above, the impact a 15 minutes lateness would cause those I work with and the spa's clients are "negative."
Who is a cosmetologist?A cosmetologist is a professional or permitted to deliver cosmetic treatments to the hair, skin, and nails.
Should a cosmetologist be late on his first appointment, such a person would delay the work of others he works with and delay the clients to get their work done on time.
Also, such lateness might change the mind of clients and those he works with towards him as unprofessional.
Hence, in this case, it is concluded that the impact would be negative.
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Advertising that contains an endorsement by a celebrity will not be deemed deceptive.a. Trueb. False
Answers
b. False. Advertising that contains an endorsement by a celebrity can still be deemed deceptive if the advertisement presents false or misleading information, even with a celebrity's endorsement.
b. False
Advertising that contains an endorsement by a celebrity can be deemed deceptive if it implies that the celebrity actually uses or believes in the product being advertised when they do not. The Federal Trade Commission (FTC) requires that any endorsement must reflect the honest opinions, findings, beliefs, or experiences of the endorser. If an endorsement is found to be misleading or deceptive, both the advertiser and the celebrity endorser can be held liable.
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Sarah pays her personal trainer, Lily, by check. Lily uses the check to pay her grocery bills in a supermarket. How is Lily able to use the check to make her grocery payments?
Answers
Lily is able to use the check from Sarah to make her grocery payments by depositing the check into her bank account and then using the funds from the account to pay for her groceries.
When Lily receives the check from Sarah, she can endorse the back of the check with her signature and deposit it into her bank account. The bank then processes the check and credits the amount to Lily's account, making the funds available for her use. With the funds in her bank account, Lily can either withdraw cash or use other payment methods, such as a debit card or online transfer, to make her grocery payments at the supermarket.
Using checks as a form of payment offers convenience and security. It eliminates the need for carrying large amounts of cash and provides a record of the transaction. By depositing the check into her bank account, Lily can access the funds easily and use them for her various financial needs, including paying her grocery bills. The banking system ensures that the check amount is transferred from Sarah's account to Lily's account, enabling her to make purchases without relying solely on physical cash.
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what were capital resources in the kingdom of mocha
Answers
Answer:
Bartering and the use of natural resources
Explanation:
It is correct
Which of the following statements explains the difference between a lease and a loan?
a. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
b. At the end of a loan, the car still belongs to the lease company, but at the end of a lease the car
belongs to you.
C. A loan requires a large down payment at the beginning while a lease does not.
d. A lease requires a large down payment at the beginning while a loan does not
Answers
Answer:
A. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
Explanation:
The following statement which explains the difference between a lease and a loan, at the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the lease company. Thus, statement 'A' is the correct statement.
What is the difference between a lease and a loan?A lease is a long-term leasing arrangement for the use of a certain piece of equipment, whereas a loan is the borrowing of money. Loans and leases both offer advantages as a form of finance. The following are some crucial factors influencing your choice.
Loan: Typically, rates are variable and dependent on the prime rate or another index, like LIBOR. The monthly payout changes in line with changes in the index. This is advantageous when interest rates are down and harmful when they are rising. Banks won't fund machinery they don't understand or that they believe has little value as collateral.
Lease: Payments are typically fixed for the duration of the lease, barring any unusual terms. Budgeting and cash flow management are greatly facilitated by fixed payments. Because of our own financial capacity, we can finance most types of equipment.
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What is the role of technology in the accounting process?
Answers
Answer:
using a computer
Explanation:
calculations
could somebody help me?
Answers
Look at what is shows the cycle graph and that
Exercise #4. In each period, the per-period inverse demand for a good is p = 100-Q. The product is offered by a pair of Bertrand competitors, firms 1 and 2. Initially, each firm has a constant marginal cost of c firm has a discount factor 8 = 0.9. =₂ = 70. Also, each . . pre Q10) Determine the pre-innovation equilibrium price. Suppose firm 1 can reduce its marginal cost from = 70 to incurring a R&D investment cost of 1000. Suppose also that firm 1's R&D = 70- & by investment leads to = 10. This innovation is protected by a patent of 7 years. If there were no patent, there would be no innovation. . Q11) Determine firm 1's profit (ignoring the R&D investment cost) in each period during which its innovation is protected by the patent. Once the patent expires, the innovating firm's rival can have access to the cost- reducing innovation, i.e., firm 2's marginal cost becomes c post = 70-E. Q12) Determine the equilibrium price in each period after the patent expires. . Q13) Determine the minimal length of the patent, i.e., the minimal value of T, so the R&D investment is undertaken assuming the smallest unit of time is 1 year (for example, if you obtain 1.3, your answer should be 1 year; if you obtain 1.7. your answer should be 2 years). 30
Answers
In the pre-innovation equilibrium, the price of the good is $65. After firm 1 invests in research and development (R&D) to reduce its marginal cost, its profit during the patent protection period is $1,025 per period. Once the patent expires, the equilibrium price decreases to $60. The minimal length of the patent required for the R&D investment to be undertaken is 7 years.
In the pre-innovation equilibrium, both firms have a constant marginal cost of $70. To determine the price, we set the total quantity demanded equal to the total quantity supplied. The inverse demand function is p = 100 - Q, where p is the price and Q is the total quantity produced by both firms. Setting Q = Q1 + Q2 and substituting the inverse demand function, we have 100 - p = Q1 + Q2. Since both firms are identical, each firm's quantity is Q1 = Q2 = Q/2. Substituting this back into the equation, we get 100 - p = Q. Given the cost of production for each firm is $70, the firms will set their price equal to their marginal cost, resulting in p = $65.
After firm 1 invests in R&D, it reduces its marginal cost to $60. During the patent protection period, firm 1 has a cost advantage over firm 2. As a result, firm 1 can set the price just below its competitor's cost, earning a profit of ($65 - $60) * Q1 = $1,025 per period.
Once the patent expires, firm 2 gains access to the cost-reducing innovation, and its marginal cost becomes c_post = $70 - E. The new equilibrium price is determined by the marginal cost of both firms, and Q1 = Q2 = Q/2 still holds. Therefore, the equilibrium price after the patent expires is ($70 - E) = Q.
To determine the minimal length of the patent, we need to calculate the number of periods it takes for the R&D investment cost to be recovered. The R&D investment cost is $1,000, and the additional profit per period is $1,025. Dividing the investment cost by the additional profit per period, we find that it takes approximately 0.975 periods to recover the investment. Since the smallest unit of time is 1 year, the minimal length of the patent required for the R&D investment to be undertaken is 1 year.
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. In one to two sentences, explain how the money for a negative tax for low-income earners could be redistributed from high-income earners.
Answers
A negative tax for low-income earners could be funded by redistributing money from high-income earners through a progressive tax system.
The money for a negative tax for low-income earners could be redistributed from high-income earners through a progressive tax system where individuals with higher incomes pay a higher percentage of their income in taxes, which can be used to fund programs like the negative income tax. This approach aims to reduce income inequality by providing support to low-income earners while ensuring that those with higher incomes contribute proportionally more to society's overall financial needs.
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luca, the owner of an online retail store, wants to create an audience that includes users who are likely to make a purchase within the next seven days. what can luca do to accomplish this?
Answers
Recommend a strategy for an online retail store that consists of two campaigns, one aimed at parents of newborns and the other at parents of toddlers, each with a corresponding video creative.
Strategy, also known as "where to play and how to win," is the place and method where you will concentrate your efforts in order to achieve your objectives. It specifies a particular strategy that will get you from where you are right now to where you want to be.
A marketing campaign is a long-term plan to advertise a good or service through several channels. It usually has one objective, which is to boost sales of a particular product.
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What is the first step in the standard purchasing process practiced by most
companies?
A. Solicit bids
B. Requisition
C. Invoicing
D. Purchase order
Answers
Answer:
B. requisition
Explanation:
i have done this before, hope i helped
Hope its help for your questions
Which is a short term consequence of making a late payment on your bill
Answers
Answer:
There will be a late fee added to the bill.
Answer:
just if you don't think the person on top of me is right he is I did the quiz and got a 100%
Explanation:
If a tour costs the tour operator $1,500 per person and the operator has a markup of 15 percent, how much would a pair of customers pay for tours?
$3,450
$300
$3,300
$3,000
Answers
under the investment advisers act of 1940, which of the following statements is false about the acceptance of prepaid advisory fees by an investment adviser?
Answers
Under the investment advisers act of 1940, an investment adviser may accept a prepaid advisory fee if the fee is refundable or credited pro-rata if services are not provided. This is a true statement. There are different fees that investment advisers charge for their services.
It can be a percentage of the total assets under management (AUM) or a flat fee. In some cases, the adviser may accept a prepaid advisory fee.
The investment advisers act of 1940 allows an adviser to accept such a fee if it is refundable or credited pro-rata if services are not provided.
This is to ensure that the investor does not lose their money if they cancel the services before they receive them or if the adviser is unable to deliver the services promised.
One false statement about the acceptance of prepaid advisory fees by an investment adviser is that the adviser is allowed to keep the entire fee even if services are not provided.
This would be unethical and against the rules set out by the investment advisers act of 1940.
Therefore, it is important for investors to read and understand the terms and conditions of the agreement before paying a prepaid advisory fee. A reputable investment adviser will be transparent about their fees and how they work.
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Type the correct answer in the box. Spell all words correctly.
What need is influenced by an individual’s personality, culture, and environment?
______ are needs that are influenced by an individual’s personality, culture, and environment, while needs are essential to human life.
Answers
Answer:
WANTS are those needs(things that u don't need that moment like cars etc) which influence one personality, culture and environment.30 points please help!
Which of the following are NOT considered employment taxes?
a. real estate taxes
b. social security taxes
c. self-employment taxes
Answers
Answer:
B.
Explanation:
Social Security is Payroll Tax.
Which of the following uses information about customers to create marketing strategies that develop and sustain desirable customer relationships?a. Utilityb. Marketing information systemc. Customer lifetime value (CLV)d. Customer relationship management (CRM)e. Undifferentiated approach
Answers
The option that uses information about customers to create marketing strategies that develop and sustain desirable customer relationships is d. Customer Relationship Management (CRM).
CRM involves collecting and analyzing customer data to understand their needs, preferences, and behaviors. This information is then used to create targeted marketing strategies that aim to build long-lasting relationships with customers.
CRM systems help businesses maintain a comprehensive view of their customers and facilitate communication and interactions with them.
Step-by-step explanation:
1. Collect customer data: CRM systems gather information about customers from various sources such as sales transactions, website visits, social media interactions, and customer feedback.
2. Analyze customer data: This data is analyzed to identify patterns, trends, and preferences that provide insights into customer behavior and needs.
3. Develop targeted marketing strategies: Based on the insights gained from data analysis, businesses create personalized marketing campaigns that cater to the specific needs and preferences of individual customers or customer segments.
4. Implement marketing strategies: The targeted marketing strategies are executed through various channels such as email, social media, or in-person interactions to engage customers and nurture the relationship.
5. Monitor and adjust strategies: Businesses continuously monitor the effectiveness of their marketing strategies and make adjustments as needed to maintain and improve customer relationships.
In summary, Customer Relationship Management (CRM) is the most suitable option among the given choices for using information about customers to create marketing strategies that develop and sustain desirable customer relationships.
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