The document that is being used by a seller in which the
contents and description of the property is placed for the buyer to see is in
the transfer disclosure statement. The transfer disclosure statement will
provide the description of the property and if there are any damages in the property
of additional fixtures or cost made. It could provide contents such as things
having to be furnished or not.
1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?
The chart probably refers to interest per $100 of loan. So, the interest for a $1,230 loan would be (1230/100) * 18.75 = 230.625 ~ 230.63
So, the answer will be B $230.63.
2. Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest?
3,200 / 100 = 32 ... x 19.5 = 624
Principal x int rate x time = 3200 x .13 x 1.5 yr = 624 interest
So, the answer will be the A $624.
3. What is the total amount that Sherri (in question number 2) will repay?
The correct answer will be the $3,824.
Answer:
combined degree: 3,5385
Explanation:
degree of operating leverage:
contribution: Q (sales - variable cost)
150,000 x (30 - 7) = 150,000 x 23 = <u>3,450,000</u>
EBT = contribution - fixed cost - interest expense
3,450,000 - 2,050,000 - 425,000 = <u>975,000</u>
combined degree: 3,5385
Answer:
$1,280,000
Explanation:
We know that
Debt to equity ratio = Debt ÷ total equity
0.6 = $360,000 + $120,000 ÷ total equity
0.6 = $480,000 ÷ total equity
So, the total equity = $800,000
In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:
Total assets = Total liabilities + stockholder equity
= $480,000 + $800,000
= $1,280,000
Answer: Profit of charging the optimal block price is 73.5 cent or $0.74.
Explanation:
Given that,
The inverse demand function: P = 25 − 3Q (in cents)
Cost of producing = C(Q) = 1 + 4Q (in cents)
By charging the optimal block price, the firm produce at a point where
Price = Marginal Cost (MC)
MC = 4
Therefore,
25 − 3Q = 4
Q = 7
Consumer Surplus = Profit of charging the optimal block price=0.5 × (y-intercept of the demand curve -MC) × Q
= 0.5(25 - 4) × 7
= 73.5 cent
It is equivalent to $0.74.
